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Taxes : Business & Finance
Grasshopper Generation's Largest Tax Problem
America's grasshopper generation which includes every citizen of voting age following the greatest generation is facing adversity at almost every turn. Their refusal to even modify their addictive consumption habits guarantees the next two or three generations a very dim financial existence. Th
How to Apply for an Oklahoma State Tax ID
When starting your business in any state within the United States of America, you must apply for a state sales tax identification number when the business will be retailing products for a profit. The state of Oklahoma has its own application process for obtaining an Oklahoma state sales and use tax
Tax Deductions for Middle Class
The IRS is aggressive about collecting income tax on discretionary income. But their intent is to tax only net income after legitimate business expenses, not gross income. Furthermore, Congress has deemed it in the public interest to encourage you to save for retirement and education, and...
World's Strangest Taxes
A compilation of weird & wonderful tax stories from around the world.History is filled with all kinds of bizarre tax schemes. Britain's William III introduced a tax on windows, Roman emperor Nero taxed urine and India once levied a tax on mustaches. Meanwhile, the state of Maine in the US still
Choosing Skilled Illinois Tax Accountant For Your Company
When you have a good business irrespective of small or big it is important to get along with the right Illinois tax accountant. Choosing the right is always going to be a wise option.
What Higher Education Expenses Are Tax Deductible?
The Internal Revenue Service offers a tuition and fees tax deduction that can be taken as an adjustment to income, which means you do not have to itemize your deduction to claim it. However, only certain costs can be deducted.
The UK Hearth Tax
What is a Hearth tax you ask? Well, this was a tax instituted by the government of Charles II in 1662 because the government desperately needed money, with King Charles being newly restored to the throne, they needed a regular supply of money. The government had figured out that King Charles needed
Impact of Indian 2010-11 Budget on US Companies
India was successful in retaining its Foreign Direct Investment (FDI) at the same level as in the earlier period in spite of global slowdown. India is aggressively aiming to cross the 'double digit gr
Overview of Common Types of Tax Problems
Problems with taxes is a very frequent issue with many Americans.Learning how to correctly deal with these situations can help everyone in the future.Professional tax attorneys can provide you with even more information and help with any problem you may have.
Buying & Selling Stocks
The stock market can be a lucrative place to invest, but it can also be a volatile one. Understanding the volatility of the stock market and learning how to deal with it effectively can help you be a more successful, and ultimately a wealthier, investor.
Avoid the Early Withdraw Penalty on IRAs With a 72T Distribution
With increased layoffs from Corporations and unemployment at historical levels, more and more of the unemployed are forced to withdraw from their IRAs and 401ks.If you are under 59 1/2 years old and you take money out of your IRA's or 401k's, the IRS will penalize you 10%. In addition, you
How to Analyze a Prospectus
A prospectus is the equivalent of a 10k or 10q for stocks. Any mutual fund registered with the Securities Exchange Commission (SEC) must provide prospective investors with a prospectus. The purpose of the prospectus is to provide the investor with full disclosure of all the risks associated with pur
Qualifications for Section 8 in Massachusetts
Housing costs can stretch a household's budget beyond capacity for low-income families. Luckily, Massachusetts offers a number of housing assistance programs through the Section 8 program. Section 8 is a federally funded program administered by the individual states. For qualified applicant's, Secti
Can I Deduct Travel Between Work Locations?
If your company has more than one location, you may find yourself needing to travel between your primary place of business and other offices or branches. Luckily, this travel can mean deductions on your taxes. You may qualify for travel deductions as well as deductions for related expenses if you me
Waiver of Penalties After an IRS Audit
Following a federal tax audit, the Internal Revenue Service will often apply standard failure to pay penalties and associated interest charges in addition to any amount of tax which the IRS determines was underpaid. The IRS, however, has a procedure which allows taxpayers to apply for a formal abat
Where Does My Income Tax Go?
Congressional SpendingWhen looking at a chart of the U.S. Congressional budget, three departments stand out as the recipients of the largest allocations: Defense, Health and Human Services (HHS) and the Treasury. This is a bit misleading, however, because of these three, only two are...
How to Use Your Last Check Stub to File Taxes
Your employer is required by law to send you a W-2 form each year by the end of January. Your W-2 has all the information you need to file your tax return. If you do not receive your W-2 by the deadline, the IRS recommends that you contact your employer or the IRS itself. You must file your taxes by
How Much Do You Get Back for a Child on Your Taxes?
Generally speaking, you will be due a refund if the amount of taxes you paid and your credits and deductions equal more than your overall tax liability. Children factor in, in several ways. You may be able to take thousands of dollars worth of exemptions, credits and deductions for each of your chil
IRS Debt Forgiveness: Can You Qualify?
Consult with a professional tax attorney to find out if you're eligible for IRS debt forgiveness, and what your options are. Optima Tax Relief has some of the best tax lawyers in California,