Taxation (Business Tax Measures) Act

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Taxes : Business & Finance

Pre-Civil Partnership Agreements

In the United Kingdom, civil partnerships are the homosexual couple's equivalent of heterosexual marriage, designed to grant such couples the same legal rights as married couples. A pre-civil partnership agreement is similar to a prenuptial agreement -- it is designed to specify the disposition of p

How to Obtain a Tax ID

Tax ID numbers, also referred to as Employer Identification Numbers or EINs, are a necessity for most types of business. An EIN is required for tax purposes and hiring employees. The IRS is responsible for issuing federal tax ID numbers, and business owners can apply using the Internet, by mail, by

Understanding The Dreaded Income Tax

Every year in April, Americans are faced with an imposing deadline - tax day.Throughout the year, income is earned and then taxed.Depending on the way in which dependants are claimed and deductibles used, a person would then be entitled to money back come income tax time or they would have to pay ta

Tax Lien - Payment in Full & Mechanics of Getting it Released

A tax lien is a lien imposed by law upon a property to secure the payment of taxes. Generally, a tax lien is imposed by the IRS because the taxpayer whose property is being subjected to the lien, owes the IRS back taxes. Often taxpayers wonder when exactly a lien is removed upon payment in full of t

Expatriate Tax Return - Working Abroad, Paying Taxes at Home

Working and living abroad can make the tax situation a bit difficult sometimes. An expatriate tax return is not as difficult as it sounds. If you get stuck, enlist the help of an international tax attorney or CPA that has international experience. There are a whole set of laws just for Americans wor

Does My Vehicle Have to Be Running to Qualify for a Donation?

There are many charitable organizations that accept car donations --- whether or not the vehicle is currently running. Because vehicles can be broken down and sold for parts, these cars are still valuable and can earn a significant profit for the organization in receipt of the vehicle. In most insta

Unlimited Source of Income

How would you like to have an unlimited source of income? How would you like to be able to get money from any person or business you wanted to? How would you like to be able to borrow all the money you wanted? How would you like to have a printing press in your basement so you could print all the mo

Is Bankruptcy Supposed to Take Over a Year?

Bankruptcy cases typically run on a fairly regular and predictable time line. However, the details of each bankruptcy case are different, so it is possible your bankruptcy case could take a year or more to complete. If you file Chapter 13 bankruptcy, it is almost guaranteed that your case will last

How to Become More Charitable

Everywhere you go, you see or hear about someone in need. If you do not encounter a jar collecting change at almost any retail checkout, the cashier will likely ask if you would like to donate to the charity that the store supports. Television commercials tug at your heartstrings with black-and-whit

How to Claim Overpayment of OASADI Taxes

OASDI stands for old age, survivors and disability insurance, which is another name for Social Security. The OASDI tax is imposed on earned income, but only up to the annual limit. This limit changes as needed for inflation and is set at $106,800 as of 2010. Any earned income exceeding the limit is

Figuring Out Your W-4 Withholdings

If you are employed by a business, you have the ability to play with the withholding on your paycheck. Fortunately, there is an easy way to do this online these days.

Income Tax Consequences of a Voluntary Foreclosure

Foreclosure when times are bad can be a necessary financial occurrence. However, if foreclosure is being considered as the lesser of two evils versus continuing to pay debt, homeowners should be aware of the tax implications involved with a discretionary foreclosure versus one due to bankruptcy or i

Which is First - Incorporation or EIN?

I'm helping a woman incorporate a business in Illinois, and she wanted to know which she should do first - file the incorporation documents or get an EIN.

Poker Tournament Winnings Must be Reported to the IRS

There are only so many people that can dummy down before the IRS will devise a new tax law.Once a tax law (code) is implemented, then it becomes the responsibility of the taxpayer to "know" the law.

Becoming Tax Exile in Canada

Income tax is the way most of the countries collect revenue for the government. When you want to stop paying the income tax in any county, then you should leave the country. For instance, if you want

Instructions for How to Complete an Income Tax Return Form

Completing your tax return might not be a fun thing to do, but it is an important one. If you fail to file your tax return accurately and on time, you risk penalties, interest and even garnishment of your wages and bank accounts. Taking the time to gather all of your income documents and receipts wi