The Truth About Tax Lien Investments
Tax liens are a little known investment strategy backed by the U.S. Government. Investing in tax liens provides you with reliable returns on investments that are secured by tangible real estate property.
Category : Taxes : Business & Finance
Can a Federal Tax Refund Be Garnished by a State-Run Agency?
The U.S. Treasury Department runs a program nicknamed TOP, or the Treasury Offset Program. This program matches Taxpayer Identification Numbers (TIN) with the TINs of delinquent taxpayers. When there is a match, the federal tax refund due to the taxpayer is reduced by the amount owed to the collecti
About 1099 Forms
The IRS frequently states that the tax system in the United States is based largely on voluntary reporting of income by taxpayers. However, there are some major exceptions. Most people are familiar with W2 Forms, which employers are required to both deliver to employees and to file with the IRS.
Income Tax Refund Advance
This tax season, many taxpayers will accept an income tax refund advance. Most of these individuals will not fully understand the exact nature of this refund anticipation loan.
Is a Tax Refund From the IRS Taxable?
The Internal Revenue Service requires you to report your income for the year and use it to calculate the tax you owe. IRS tax refunds are not considered taxable. However, if you get a large refund, you may be overpaying tax during the year. The IRS is also more likely to audit returns where there is
Working With the Taxpayer Advocate Service to Protect Your Rights As a Taxpayer
Believe it or not, there are people who work at the IRS to protect your rights as a taxpayer. The Taxpayer Advocate Services, also known as the TAS, is an agency within the Internal Revenue Service that makes it a point to keep your rights secure.
How to Choose a Tax Problem Service Provider
Most people try to resolve tax problems on their own or with the help of their tax preparer. They think that a tax attorney is too expensive, they can save money by doing it themselves and if they owe a little bit more, they'll just pay it.
How to File an Income Tax Return in India
As a resident of India, if you earn income, it is your responsibility to file taxes on what you earn. The Indian Parliament decides each year what the tax rate will be for that year. Taxes are collected through voluntary payments, deductions through paychecks and sales taxes. The Income Tax Departme
Ladera Ranch Mello Roos Explained
Mello-Roos is a special property tax assessment that is levied on Ladera Ranch real estate for the purpose of financing infrastructure improvements for the community.
I Did Not Think My Irs Lawyer Could Have Saved Me
A IRS Lawyer has to be capable to solve your tax problems with one best possible result. That simply doesn't mean the least quantity paid to the irs or the state. A IRS Lawyer must also be able to sort out what caused the matter in the first instance. Only an experienced IRS Lawyer understands
Debt Forgiveness When Filing Taxes
Debt forgiveness, debt cancellation and debt discharge are terms that mean a consumer is no longer liable to pay the outstanding amount owing on a credit account or loan. Taxpayers must report debt forgiveness amounts as unearned income for the taxable year when filing taxes. Depending on the timing
Filing Quarterly - Making Quarterly Tax Payments
Who is subject to paying quarterly taxes? Find out when and what to pay. Learn where to find information on how much to pay or how to avoid having to do so.
Keep Records of charitable contributions to avoid fine and penalties
If you make donations for charitable purposes, you need to keep appropriate records while claiming deduction. IRS may disallow contribution claims without supporting records, resulting in tax liabilit
How do I Prepare Income Tax With a Fast Refund?
The fastest way to receive your income tax refund is to electronically file your income tax return. Electronically filed income taxes are processed faster than tax returns that are mailed to the Internal Revenue Service (IRS). Provided the IRS does not find any mistakes on your income tax return, yo
State Tax Filing For Better Accuracy
This article describes how and why you should file a state tax return online.
Sole Proprietorship Tax Deductions
U.S. federal tax deductions for businesses classified as sole proprietorships are similar to deductions for other business types under Internal Revenue Service (IRS) regulations. Although deductions may vary depending on the type of business, certain deductions common among many sole proprietorships
The Advantages of Accrual Basis Instead of Cash Basis
Businesses keep track of their accounts on either an accrual or cash basis. Cash basis accounting operates in real time. You record deposits when you receive the money and expenses when you pay them. You keep track of personal funds on a cash basis. Accrual accounting, however, records account recei
Is a Gym Membership Tax Deductible?
Gym memberships are not tax deductible, according to the IRS except in very narrow circumstances. Under IRS rules, you cannot deduct the cost of a gym membership unless a doctor prescribes exercise to treat or prevent a particular disease, the taxpayer uses the gym to treat that disease, and the tax
So Your Business Is Up and Running? What Now?
An important first step for any business is to create a business plan. It will help secure funding but, just as importantly, helps define your business objectives.
1099-misc Forms For Independent Contractors For 2005
As we begin 2006, you’re probably not thinking about taxes at all. This is a mistake as deadlines are approaching for issuing and filing 1099s to independent contractors.