Taxation (Business Tax Measures) Act

Browsing Category

Taxes : Business & Finance

How to Look Up Tax ID Numbers for Hotels

Tax ID numbers are a way to identify individuals and businesses for the Internal Revenue Service (IRS). If you are an employee or contractor for a hotel, you'll need to list the hotel's Tax ID Number, also called an Employer Identification Number (EIN), on your yearly taxes. The Tax ID number should

How to Pay Taxes on CD Interest

It is important to have a wide variety of different investments. Not only does this include stocks, but bonds, precious stones, gold and CDs. CDs are investment accounts that you have for a predetermined set of years. You are not allowed to remove funds from the account (unless you pay the penalty f

When Are Trust Tax Returns Due?

Unlike revocable living trusts, irrevocable trusts are separate taxable entities and may be created either before or after death as a way of protecting an estate and providing for heirs. These trusts must file their own tax returns using IRS Form 1041. Trusts also provide K-1 schedules to any benefi

How Quickly Will Solar Panels Pay for Themselves?

Solar panels are arrays of solar cells designed to produce an electric charge when they are exposed to the sun. The panels gather this charge and store it in batteries for later use in a variety of household applications. Solar panels can save money, but they can also come with high upfront costs. P

The Tax Credit for Out-of-State Income in Georgia

If you're a Georgia resident, you pay Georgia income tax on all your earnings, wherever you earned it. If you work in a state that has its own income tax, you can claim a credit for the out-of-state tax against your Georgia tax bill. If you worked in a state that has no income-tax system, there's no

Reduction of Self-Employment Taxes by Child Tax Credit

While there are many attractive features of being self-employed, one of the drawbacks is the additional tax that could be due come tax time. As a self-employed individual, you may be uncertain of what your annual income will be since your cash flow fluctuates throughout the year. This makes it hard

How to Cash a Third Party Tax Return Check

Tax season is that time of year that may bring a smile to the faces of those who expect to receive tax refund checks. However, bank rules always come into play when a person wants to cash a check, especially if the payee cannot cash his own check and needs a third party to cash it on his behalf.

What Do Title 11, Chapter 7, Section 179, and Pub 17 Really Mean?

This is a brief explanation for some of the funny looking references that accompany many tax-related articles. It discusses the derivation of abbreviations and "nicknames" for various parts of the US Code often used by tax professionals when explaining or discussing tax and financial matte

Personal Finance Tips - Legal and Legitimate Ways to Lower Your Property Tax!

There are always ways to try and save money and one of those ways is often overlooked by many homeowners and that would be property tax. Anyone knows that your property tax is based upon how much your home is supposed to be worth. In today's economy a lot of homes are going down in value and so

How to Apply for a Tax Rebate in the United Kingdom

Most British people pay their taxes via the Pay-As-You-Earn (PAYE) system. The employer automatically deducts tax from each pay check, so there's no need to file a tax return. However, PAYE doesn't work for everyone. If you've switched jobs during the tax year, you may have overpaid your income tax.

Do You Know What There Is To Know About Irs Audit

Notification of an IRS Tax AuditAn individual will be contacted via mail or phone as an official notification that an IRS tax audit has been levied against their person or company. Integrated within this contact may be a list of the information required to repeal the examination and clear the indivi

Florida Payroll Tax Deductions

Since Florida does not have a state income tax, employers do not have to withhold any of their employees' paychecks to pay state taxes. Employers do, however, have to withhold federal income taxes. In addition, Florida employers must pay unemployment tax for all of their employees. Employers must re

How to Calculate Net Sale Price Before Retail Tax

Retail taxes, also known as sales taxes, are typically imposed by state and local governments to raise revenue for government functions. Many times the cost of the sales tax is added to the price. However, some stores will list the price of items with the sales tax already included. In order to calc

How to File a 1040

April 15 is typically not the most eagerly anticipated days of the year for millions of taxpayers who owe the Internal Revenue Service tax dollars. If you are a taxpaying citizen, your federal income tax return must be postmarked no later than April 15 of each year, unless the 15th falls on a holida

Home Office - Tax Perspective

Self-employed individuals often work out of their own home. If this is the case with you, heres a primer on what you can write off for your home office.

How to File Taxes With 401(k) Distributions

According to the Internal Revenue Service (IRS), people over age 59 1/2 are eligible to begin receiving distributions from their 401k plans without incurring a 10 percent penalty. Annuity payments made from 401k plans are fully taxable because contributions were made with pre-tax dollars. Recipients

How to File Your Taxes in Michigan

Paying your state and federal income taxes in Michigan is relatively simple thanks to the eFile system through the Michigan Department of Treasury. The eFile system allows users to submit both state and federal taxes at the same time or separately. In 2008, two-thirds of Michigan taxpayers used the