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Taxes : Business & Finance

The IRS vs Mother Nature

The IRS recently met its match in the form of Mother Nature. Yes, the massive flooding in Washington, D.C., took out the IRS headquarters.

Can Someone That Isn't the Father or Mother Claim a Child on Their Income Tax?

The Internal Revenue Service usually defaults to parents when determining who gets to claim a child on a tax return. However, some children live with other adults or relatives who aren't their parents. If his parents aren't living, or if they can't claim him for some other reason, his caregiver migh

How to Find a Good CPA or Tax Preparer?

All tax preparers may be registered with the IRS, but they're not all same. Experts distinguish certified public accounts (CPA) and enrolled agents (EA) as the most reliable person to rely be

What Is the Non-Refundable Family Size Tax Credit?

Most states levy a state income tax in addition to federal income taxes. State tax regulations are typically similar to federal tax regulations in that the tax systems are somewhat progressive; personal exemptions and deductions for dependents allow those with lower incomes to usually pay less. Some

Quit Claim Laws of California

Quitclaim deeds are legal instruments used by parties to convey property between one another. They are commonly used between divorcing spouses to transfer marital property and during nonmonetary gift transfers. In California, the statutory requirements for a legally effective quitclaim deed are they

The Vehicle Use Tax Deduction and the Standard Mileage Rental Activity

When you use your vehicle for business purposes or business travel and you are not reimbursed for the expenses you incur, you can take some of the expenses as deductions on your federal income tax return. The amount of vehicle-related deductions you can take varies with the circumstances of use. Whe

Economic Growth & Tax Relief Reconciliation Act of 2001

On May 26, 2001 Congress passed the Economic Growth and Tax Relief Reconciliation Act of 2001. This bill dropped the highest individual income tax rate down to 35 percent, the same top rate that corporations face. This was the highest tax cut since Ronald Regean's first term in office. The bill also

Tax Attorney

Everyone has to face the tax, which is as complicated as difficult for one to solve out. It is better to get help from any tax advisor otherwise it can take a serious turn as ...

Enrolling for an MBA? Find Out About Related Tax Benefits

Majority of people do not know much of their MBA degree tuition fee is meant to be taxed. One has to make sure that the correct amount of tax is paid to the IRS. Strict rules are in place to ensure that even undergraduate students pay taxes.

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How to Estimate a Yearly Tax Return

Estimating your yearly tax return can be done for free online using one of many federally approved online filing providers. These estimators provide information based on the amount of income tax you have earned and your deductions from the previous year. To estimate your taxes you must have the inco

Electrician Tax Write-Offs

Many people do not get the full refund they deserve because they do not know about all of the deductions they can take. Occupational deductions are some of the most commonly overlooked, and electricians have several deductions they can take.

How To Record Charitable Giving For Tax Purposes

Giving to charities is a noble endeavor. You're helping the needy, providing vital assistance to organizations that do good work in a wide variety of different ways. The government wants to encourage this behavior, and ...

How Do I Get My Federal Pin Number So I Can File My Taxes?

The year always seems to fly by and before you know it, it's time to file taxes again. If you choose to e-file your federal income tax return, you must obtain a personal identification number or PIN to use the electronic system. Your federal PIN is a five-digit number you select, which serves as you

How to Sell a Car to a Junk Company

Selling your car to a junk company may be the last thing you want to do, especially if you've put an abundance of time and/or money into the vehicle trying to make it run well. Most car recyclers or junk companies pay for your vehicle even if it has body or engine damage. When the junk company takes

Figuring Federal Income Tax on Social Security

Many taxpayers mistakenly believe that their Social Security benefits are not subject to income tax. Social Security benefits are indeed subject to tax and must be included on your return if you meet the required income threshold. The degree to which your benefits are taxable depends on a number of

How to File a Tax Return for a Trust

Trusts have been around for hundreds of years. For people who start them, they provide an excellent way to protect and ultimately give money to other people. Some people start trusts for their children, making it available when the child turns 18, 21 or another defined age. Other people set up trust

Does a Company Pay Income Tax on Salaries to Employees?

Hiring a new employee can be an expensive proposition. There are recruiting costs to consider, as well as the expense of training the new employee and providing the required computer hardware and software. Taxes are another important consideration, because employers must pay a significant portion of