IRS Audits and the Percentages
For most Americans, the mere suggestion of an IRS audit is enough to require the changing of the pants. So, what percent chance do you have of an IRS audit?
Category : Taxes : Business & Finance
How to Prepare IRS Form 4029
Members of certain religious groups who are opposed to accepting the benefits of any public or private insurance for death, disability, old age, retirement or health care can request to be exempted from paying social security and Medicare taxes on earnings as an employee or on earnings from self-emp
Are Items Donated to a High School Tax Deductible?
The IRS allows you to claim a tax deduction for many of the charitable donations you make to high schools throughout the year. However, in order to claim the deduction, the high school must be an IRS "qualified organization." If the high school operates to earn a profit, then you will know right awa
How to E-file to Oregon & the IRS
Electronic filing systems allow tax payers to file their taxes online. E-filing systems walk tax payers through the tax preparation process and reduce the margin of error. Individuals with adjusted gross incomes of $58,000 or less may e-file their taxes for free. The Oregon Department of Revenue has
Can You Get Into Trouble for Filing Taxes Late?
Filing taxes is an act that is required annually of most Americans and many do not complete this process before the April 15 deadline, or later if the date falls on a holiday. If you do not file your taxes in time, you could face some stiff penalties and problems in the future. Avoiding these penalt
SSI Income Rules
Supplement Security Insurance (SSI) is for uninsured workers and their dependents.retirement worries image by Jale Evsen Duran from Fotolia.comSupplemental Security Insurance (SSI) is different from Social Security benefits for insured workers. The U.S. Congress funds SSI annually...
Average Salary of a Ford Master Mechanic
Ford Motor Company, headquartered in Dearborn, Michigan is a giant in the automotive industry. Based on 2010 sales volume, Ford is the second largest automotive manufacturer in the United States and the fifth largest in the world. Within the United States, over 1,400 Ford automotive service departme
Form 1041 K-1 Instructions
Form 1041 is the U.S. federal tax return form used by estates and trusts. When a person dies, their estate or a trust created in their will is considered a new "entity" by the IRS, and the person designated to handle the affairs of the estate has to file an annual tax return for the estate or trust
Tax Return Filing Has Started for F.Y. 2011-12 - Where Are You?
Filing of Income Tax Return can be done in 2 ways:- i) Offline/Traditional paper filing: Traditional filing involves hiring a CA or a tax consultant to file taxreturns, or personal submission of forms by visiting ...
Self Employed Tax Costs - Expenses You'll Need to Consider
As the economy continues to remain unstable, there are more people leaving the work force and opting for self employment. Although being in business for yourself can offer many advantages, there are many additional responsibilities and new expenses that you will have to be aware of. Read on to find
How Are Property Taxes Paid in Ohio?
In Ohio, residents are only responsible for reporting their income earned during the tax year to the state's Department of Taxation and for reporting their real property taxes on property they own within the state. In 2005, the Ohio General Assembly passed a bill to eliminate personal property taxes
Ideas for Donating Cars
If you're looking for a way to get rid of an old car and do some good at the same time, donating it to charity may be the answer. There are many charitable organizations that accept donated vehicles and sell them to low-income people at a discount or sell the cars at a fundraiser. If you donate you
What Does it Take For My eBay Business to Be Acknowledged by the IRS?
Even if you file your eBay business as such for income tax purposes, the Internal Revenue Service might refuse to recognize it as anything other than a hobby, also refusing business deductions and losses, as well. You are in business if your business makes a profit for three consecutive years, inclu
How to Calculate Net Income Tax Liability
Finding out your net income tax liability is a fairly simple process once you have completed the rest of your tax return. It's relatively simple to compute this liability on your tax return and determine whether or not you have a refund or balance due.
How to Cash a Check With a Different Payee
Sometimes you'll receive a check made out to the wrong person or to your business if you are a small business owner. If the person the check is made out to is totally wrong, you won't be able to cash the check. You'll have to contact the company and have them issue a correct check. However, if the p
Instructions for Adoption Tax Credit
Adopting a child is often an expensive and lengthy process. The cost alone can make it prohibitive for some families to attempt. Before deciding that you can't afford to adopt you should know there is an adoption tax credit, which can significantly reduce your tax bill and help you financially pursu
Use the Same Techniques the Rich and Famous to Avoid Taxes!
'You've probably read in the newspapers of various celebrities and successful business who manage to avoid or at least substantially reduce their UK taxes – whilst a significant proportion of the gene
Is SSD Taxable?
The U.S. government runs several programs to ensure that certain needy individuals have enough income to make ends meet, including the Social Security program which provides income payments to retired and disabled workers. Both Social Security retirement benefits and Social Security Disability benef
Problems With a National Sales Tax
With the advent of the tea party and the Republicans regaining of the House of Representatives in 2010, a frequently discussed topic is the level of taxation in America. Many people think about this topic ...
Personal Income Tax: A History
In most modern economies, personal income tax is simply considered an inevitable fact. But throughout the vast majority of history, personal income tax didn't exist €" and in fact, history shows many revolutions, rebellions, and ...