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Taxes : Business & Finance
What Are Some Personal Tax Write-Offs?
Personal incomes taxes cost many workers a quarter of their income or more. Tax write-offs, also called tax deductions, are expenses that the government allows workers to subtract from their taxable income, effectively reducing the pool of income that is subject to tax. Taxpayers have the......More...
Decision Threatens the Existence of "Carried Interest" Tax Breaks
A decision passed in a recent Tax Court case could threaten the existence of the "carried interest" tax break, a beloved institution among managers of private-equity funds, venture-capital funds and hedge funds. According to many analysts, the decision passed by the court gives a clear opp...More...
Ways to Lower Income Tax Rates
The Internal Revenue Service bases its income tax rates on the income level of the taxpayer. Income levels are separated into several brackets with different tax rates applied at each bracket. Taxpayers with higher taxable incomes fall into the higher bracket and pay a higher rate of......More...
Want Your Share of $1.3 Billion? File Your 2006 Return
According to the IRS, there is more than $1.3 billion waiting in unclaimed refunds for those who did not file their federal income tax return in 2006. Whatever the reason for not completing your 2006 tax preparation and forms, there's still time to file and get right with the IRS....More...
What Are the Types and Maturities of the Debt Instruments?
Investors have the choice of multiple debt-based financial instruments. Debt-based financial instruments are represented obligations to pay issued primarily by governments and businesses. Although there are numerous types of debt-based financial instruments, some of the most common......More...
Do They Withhold More Taxes When You Get Paid Weekly?
Your employer does not withhold a greater amount of your paycheck when you get paid weekly, although he does withhold payroll taxes more frequently than if you were paid biweekly. Tax withholding on a weekly paycheck is smaller than on a biweekly paycheck, but these tax deductions ultimately add up ...More...
How to Calculate Real Costs
Calculating real costs is an exercise that can be used to negotiate or make a sound decision in regard to a transaction. Consumers are sometimes blind to the real cost of items they buy until long after the purchase. Consumers have many choices when choosing different methods to make large purchas...More...
Save Money Five Reasons to Prepare Your Own Tax Return
Does the thought of doing your own taxes leave you feeling flustered before you even begin? You're certainly not alone if you feel overwhelmed, but a little knowledge and some helpful tips can help yo...More...
How to Calculate Taxes on a 1099
A 1099 form is part of the Internal Revenue Service's Information Reporting Program, which requires businesses to report to the IRS any non-employee income they paid you over the course of the year. You have the legal obligation to pay taxes on certain 1099 payments. By Jan. 31, entities must mail y...More...
Why Should You Hire Professionals For Tax Filing?
Apart from the wages, it pays the employees renting, royalties, social security, medicare, prize, and awards during the employment....More...
How Are New York State Retirement Pensions Taxed?
Pensions in New York State are taxed differently than other sources of income. New York treats this income as tax free in some instances, and only partially exempt in other instances. Knowing when you receive a benefit helps you determine what you owe. This is important, since not paying your New Yo...More...
How to Get a Car Donated to You in Texas
Most organizations that accept donated cars sell them and use the money from the sale to benefit a charity. Fortunately, there are some organizations that actually fix the donated cars up and give them to a deserving individual or family. If you live in the state of Texas, you have a few organizatio...More...
Three Rip-Offs of Tax Preparation: Tactics and Words to Watch For
Complete tax return for one low fee? Not hardly. In addition to overcharging for tax return preparation, these storefront tax preparation firms (such as Jackson-Hewitt or H&R Block) attempt to sell you expensive services for an additional fee. There are three such tactics that are easy to spot and a...More...
Can You Deduct Up-Front PMI?
When you take out a mortgage for more than 80 percent of the value of a home, your lender will likely charge you for private mortgage insurance. This insurance does not provide you with any additional protection. PMI gives the lender protection for any losses it incurs if you default on your mortgag...More...
Is There a Deadline for Settling an Estate?
An estate refers to the whole of a person's possessions and typically includes real estate, investment properties, financial accounts, collectibles, works of art and heirlooms. In most states, an estate can remain unsettled for up to 90 years, or 21 years after the death of all those liv...More...
How to Deduct a Car Purchase's Sales Tax on a Tax Return
The Internal Revenue Service offers people who itemize their income tax deductions the option of deducting either their state and local income taxes or their state and local sales taxes as a deduction. For those who deduct sales taxes, you can either use the IRS estimate of your sales taxes based on...More...
The History of IRS Form W-9
The Internal Revenue Service Form W-9 represents a common tax information filing required of freelance workers, vendors to a business, and contractors who provide services to others likely to exceed $600 a project. This form allows the hiring party to accurately report whom it has paid in a tax year...More...
How to Update My DFAS Address
The Defense Finance and Accounting Service, or DFAS, is a government organization whose purpose is to provide financial benefits, including pay and retirement benefits, to U.S. military personnel. DFAS is funded by the taxpayers as part of military budget spending. When your account has been activat...More...
Tax Return Filing For Estate And Trust Owners
If you are a member of a profitable trust which made a good amount of money in this year which is chargeable then it is definitely the case that you need to pay the taxes to the government at the end of the current financial year. ...More...
How Do I Move My Sole Proprietorship, LLC, or Corporation to Another State?
What happens to business legal type when a business moves to another state? Several possibilities, depending on business type....More...
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