Taxes : Business & Finance
Like federal taxes, New York state taxes are due on April 15th of every year. If you cannot finish your tax return by that date, you can apply for an automatic extension for filing your tax return. New York grants a free six-month extension to any taxpayer who files for an extension on or before the
Everyone has heard about the actor or businessman who lives a jet-set lifestyle and 'pays no tax'? This article explains how everyone can benefit from the same 'secrets'.
The use of the Sales Tax in the State of California is an essential revenue stream for the state as Sales Tax profit accounts for nearly 50 percent of the money the State of California earns every fiscal year. As with being the most populated state in America, California has a consumer base of nearl
How much may a taxpayer deduct for miles driven on behalf of a charity?Do exceptions and limitations apply in some circumstances?Is a higher than normal deduction allowed in some cases?How does the tax law treat parking fees and tolls paid on behalf of a charity?If you drive your automobile on behal
Do you want to know how to file 2008 income tax return? Do you want to know 3 important tips that can help you file the tax returns in a better way?Then this article is for you.
The IRS treats the tax deduction for 401k losses as a miscellaneous deduction, meaning you must itemize your deductions using Schedule A to claim the deduction. But only in specific circumstances can you claim a loss on your 401k on your taxes: You must close your 401k, and your tax basis for the ac
IRS tax problems are not pleasant and only get worse as time progresses. You want to settle your tax debts quickly. In order to do so make sure and hire a certified, licensed tax professional who knows what he is doing. The last thing you want when trying to resolve your tax problems is someone to r
In May 2011, The House passed a bill that would remove government tax breaks for any medical expense related to abortion. The bill that was passed with a vote of 251 to 175 had all the Republicans and 16 of the Democrats rallying behind it. The bill suggested among other things the remove all tax cr
Exchange Traded Funds (ETFs) are investment funds that hold different commodities, stocks, or bonds unified under a common factor. There are various ETFs that hold different stocks or commodities. However, the funds hold a particular unified commodity or stock such as stocks on the Dow Jones index o
Choosing a Tax Professional to handle an IRS Problem is different than find a tax preparer to get you the best tax refund. Helpful suggestions for finding the best tax professional to bail you out of that IRS jam.
Taxes are inevitable. In the United States, the income tax filing deadline is typically April 15, though the Internal Revenue Service may choose to delay it by one to three days in any given year. For some Americans, filing tax returns on the deadline date is a comforting ritual. Those with overcrow
Selecting the right filing status can save you hundreds of dollars on your taxes. Generally, married taxpayers who file jointly reap more benefits. However, in certain circumstances, the alternate status of "married filing separately" might be a more favorable option.
There are a number of reasons for which money might be deducted from your paycheck.money money money III image by imagenation from Fotolia.comYour salary is subject to a number of deductions and is generally not reflective of how much pay you'll take home. Money can be deducted from your...
On November 21st 2011, the IRS posted an article on their website to remind taxpayers that some of the energy efficiency costs would still award taxpayers a tax credit. The remainder must have come as a last minute call as these tax credits will be expired by the end of 2011. These credits were part
In January 2010, the Internal Revenue Service introduced a simpler, more efficient 1040X form to amend a federal tax return if you have changes to credits, deductions, income, dependents or filing status. Generally, you can amend a tax return going back three years from the date the return was filed
Living abroad for most of us is the adventure of a lifetime. We are exposed to so many new experiences and our senses are constantly invigorated by events that are interesting, delightful and unexpected. For most, it is the stuff of dreams.
Alabama is one of the lowest-taxed states, but there are still a number of taxes needing to be paid by sole proprietorships. These taxes range from state tax to sales tax to various property taxes. As with any tax system, failure to pay the appropriate taxes at the appropriate times can result in fi