Given the time of year, you would expect a Certified Public Accountant to have stacks of tax return information. Well, I do have stacks of tax returns and client information.
Paying taxes means navigating a bewildering array of forms and guidelines. How do you parse something complex like the 2006 federal individual income tax return instructions? The surprising answer is that it may be best if you don't!
By understanding business tax deductions, business owners may enjoy personal benefits from business expenditures - a nice car to drive, a combination business trip/vacation, retirement savings plan - if they follow the myriad tax rules.
The Federal W2 form is used to determine tax information for company employees. This form can be accessed via the Internet and printed out using a home computer and printer combination. If your printer has a color ink cartridge, you can print the W2 form in red ink. There is, however, a note of c
One item that has caused a lot of stir in the Northeastern United States is the soda tax. Introduced in New York, the soda tax is a charge of one cent per ounce of soda sold. Passed on to consumers, there is a lot of debate over the validity of this tax.
Every state-registered business, including corporations, partnerships, and limited liability companies- must keep certain records to maintain liability protection. This article discusses the requirements for keeping business books and corporate records and how to maintain these records.
Taxpayers are not subject to penalties for filing a late income tax return if they do not owe tax. However, taxpayers who file a late return and owe tax will be assessed penalties and interest from the day the return was due (usually April 15th).
If you have a junk car at your Ohio home, you may not be interested in making the repairs. If that is the case, instead of trying to sell your junk car you can donate it to charity. Organizations throughout the state will pick up a junk car that you're donating to charity. By making a charitable don
Most people that take advantage of the $8000 first time homebuyer tax credit do not realize how to file for the credit at tax time. Before you rush out to buy your first home, you need to know what steps must be taken to file taxes and claim the homebuyer tax credit. Don't wait until the last minute
Auction purchasers usually fall under 1 of 2 groups - retail or wholesale. Retail signifies those who attend a bidding to purchase products they need on their own or their houses. Wholesale purchasers are sellers ...
If you are having problems with IRS or state back taxes, it's doubtless you will need to talk over with a tax relief professional to resolve your tax issues. When it comes to owing back taxes, a tax skilled really can help you save a ton of money within the long run. If issues aren't resol
When a person dies, taxes must still be filed to properly close out the estate. The executor or trustee of the estate is responsible for obtaining all information and filing the tax return. Depending on the circumstances, there may be more than one tax form required. The income the deceased received
Internet-based tax preparation software and tax assistance is more plentiful than ever. If you are seeking help with a personal tax return, or even filing taxes for a small business, the web is a great place for getting questions answered. Leading tax software makers use the Internet to provide time
Vermont's Homestead Declaration is a mandatory tax form to be filed annually by any homeowner with a principal residence in the state of Vermont. Depending on the homeowner's annual income and use of the home, the Homestead Declaration may be used to request a reduction in the amount of property ta
In the United States, the Internal Revenue Service (IRS) allows taxpayers who are unable to pay the full amount of their income tax liabilities to apply for a reduction of tax debt through a procedure known as an Offer in Compromise. This procedure reduces total debts, consolidates all payments and
Video Transcript
In this section we're going to talk about lines 8a and 8b, 9a and 9b. That's taxable interest, tax exempt interest, ordinary dividends, and qualified dividends. And if you'll notice on here it references schedule 1 for both taxable interest and ordinary dividends....
Using your P.O. box as a mailing address on your tax return is completely acceptable and easy to do, whether you are filling out paper forms, using an electronic filing method or having someone else prepare your taxes for you. Adding your P.O. box is just a matter of filling it in at the appropriate
Donations to charities fall under two categories: financial contributions and donations in kind. The first is amounts in cash, check or paycheck deductions, out-of-pocket expenses and transportation expenses such as gasoline for your car if you used it in contributing to charity or doing volunteer c