Taxes : Business & Finance
Certain gifts given or received may be taxable by the Internal Revenue Service (IRS). Determining which are taxable can be difficult because laws pertaining to gift taxes are some of the most complicated in the IRS code. Consulting a tax accountant or tax attorney for assistance is important as so
Tax deductions or credits for learning disabled helps reduce taxes for the individual or caregiver.vacation study image by Paul Moore from Fotolia.comCanadians with learning disabilities can qualify for a number of tax deductions or credits, depending on the severity of the learning...
Whether you're getting ready to do your taxes, organizing your financial files, filing past taxes, getting ready to collect social security, or any number of other situations, it is fairly common to need a copy of a past W-2 or at least, the information off of them. A W-2 is a form that an employer
When you are given a loan, the Internal Revenue Service does not consider the loan amount income because you are obligated to pay back the loan. If you are unable to pay back a loan and the lender completely forgives the debt, you are required to pay income tax on the full debt amount. If the forgiv
You can have a day job, invest part-time and still qualify for investment tax deductions. There are certain criteria you must meet to avoid scrutiny and possible disqualification for the deductions. The most significant distinction, according to the Internal Revenue Services (IRS), is whether you ar
The entire purpose of the IRS is to collect taxes from taxpayers so that the money can be used to fund the government. It should come as no surprise that taxpayers who underpay their income tax will be penalized. The amount to which taxpayers are penalized varies depending upon the amount of tax owe
While it is evidently preferable, when it does come to taxes to file on time and to make certain the information provided to Canada Revenue Agency (CRA) is complete and exact (as each taxpayer certifies ...
Facing an estimated $290 million in unreported income per year, the Internal Revenue Service (IRS) has one major tool for ensuring that taxpayers report financial data honestly. That tool is the audit, which is designed to catch contradictory information, dramatic changes in profits and...
Hospital and health care administrators oversee the business end of health care facilities and are responsible for tasks like strategic planning and budgeting. The U.S. Bureau of Labor Statistics (BLS) predicts that the demand for hospital administrators will increase by 16 percent from 2008 through
As your W-2s and other tax forms make their way into your mailbox this month, you may begin to think about your taxes. It is an important time of year to assess your tax situation and determine whether you will itemize your deductions or take the standard deduction. To begin, you should review you
The Internal Revenue Service (IRS) has declared that it will liberalize its tax debt relief programs so that more and more delinquent taxpayers can approach for a settlement to pay off their back taxes. This has come as boon to the financially strapped masses. One of the most successful debt relief
Tax codes may seem like a jumble of letters and numbers but they are actually surprisingly straightforward. Most of the time, a code will look something like this: 170L. The number is one tenth of the amount you can make before you need to pay taxes, 170 means £1700. The letter is a special cod
Depending on what type of business you are in you may be able to calculate business expenses that are deductible on your taxes. General business expenses that can be deducted include rent, car expenses, home office, computers and other business equipment. The following will help you calculate your b
Coughing up income taxes is definitely close to the actual least recommended issue for lots of people. To become duped over a tax matter is certainly even more difficult, however, a completely new tax reimbursement fraud is usually undoubtedly moving about and you should be knowledgeable of it if yo
The United States has no federal retail sales taxes, so you cannot reclaim sales taxes paid for all purchases if you are a foreign visitor. Each state sets its own rules regarding sales taxes, which means that you must check with the state or states in which you shop to see if that state supports sa
Everyone has to file their federal and state taxes every year.This article outlines four low cost ways people can complete this process.