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Taxes : Business & Finance

Don't Wait Till April to Do Your Taxes

There are certain things we are happy to do in our free time and others that we will naturally put off to the last moment. Taxes definitely fall into this second category. Unfortunately, there is usually a cash penalty for waiting to deal with them.

Gifts & Income Taxes

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 for Learning Disabilities in Canada

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...

How to Get Copies of a W-2

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

Do I Owe Taxes From a Form 1099-A?

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

Investment Tax Deductions

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

Does the IRS Penalize For Underpayment of Income Taxes?

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

Voluntary Disclosure Program - Coming Clean With CRA

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 ...

IRS Audit Issues

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...

Salary of a Hospital Administrator

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

What Is the Standard Deduction Per Child on Taxes?

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

Some New Changes To The IRS Tax Relief Programs

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

How to Calculate Tax Codes

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

How to Calculate General Business Expenses

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

Different Modules of SAP FICO Training

SAP FICO standas for System Analysis and Program. In this article we will discuss different modules included when one seeks training. Second SAP FICO training programs and the rising importance of practical training in accountancy and its vast benefits.

Tax Attorneys to Guide You in the Right Path

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

How to Claim Sales Tax Back When Leaving the United States

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

IRS Audit: A Personal Story

Imagine the scenario of being audited by the IRS. It's frightening and intimidating. Tax professionals can put your worries at rest. You can feel comfortable that your case is being handled professionally before the IRS.