Taxation (Business Tax Measures) Act

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Taxes : Business & Finance

What Is the Inheritance Tax in Virginia?

Virginia currently does not levy an inheritance tax. An inheritance or estate tax is a tax levied on the assets of an individual at the time of his death, with a higher tax rate typically charged on larger estates.

The Average Cost of Septic Systems in New Homes

If you're installing a septic system in your new home, you have a number of decisions to make about the kind of system you want. You must also consider the size of the house. Learn about the different designs and how they influence the installation cost before making your choice.

How to Reduce Taxes Through Gifting to Children

Gifting assets to children can reduce both income and estate taxes. However, failure to do so correctly can result in unnecessary gift or estate taxes. Fortunately, this mistake can be easily avoided in most cases. But in some cases it may take a few years to accomplish your full objective.

2009 Green Tax Credits

Many taxpayers are asking Roni Deutch Tax Centers across the country about the available “green” tax credits for individuals and their requirements for the 2009 tax season. Two available credits strik

What Brings Your AGI Down?

Adjusted Gross Income (AGI) is a taxpayer's taxable income after deductions and other adjustments and before any itemized deductions are subtracted. Deductions that directly affect the AGI are often called "above-the-line" deductions. The lowest possible AGI is important because qualification for ma

How to Obtain an Unlisted Number

Unlisted numbers are difficult to obtain. With some research, however, you may be able to come up with the one you need. Be aware, however, that unlisted numbers are often used by individuals to maintain their privacy as well as by businesses that make solicitation calls.

Tax Advantages of Charitable Giving

Taxpayers who itemize their tax returns can receive benefits for contributing to a qualified charity or nonprofit organization. The Internal Revenue Service establishes the rules regarding tax deductions for charitable contributions. Individuals donating cash and non-cash items to qualified charitab

How to Round Out Amounts on U.S. Federal Tax Returns

Tax return calculations can be challenging enough without having to calculate decimal amounts. To make calculations easier, the Internal Revenue Service allows, but does not require, taxpayers to round amounts to the nearest dollar. However, you can only round numbers you are entering on your tax re

Tax Form 1040

It is my great pleasure to take this fantastic option to present everyone such a practical subject about tax form 1040 that could be a great advantage for most people who genuinely desire it. It ...

Taxes and Your Debt

When you are considering your financial situation in regard to controlling or minimizing your debt, strategies are often developed with little concern as to how they might affect your tax situation. Here are a few things to think about when contemplating taxes and your debt.

How to Organize Home Office Deduction Paperwork

Having a home office definitely has its perks, especially if your home office meets the IRS guidelines. If it does this, you have the option to deduct certain expenses. These deductions can reduce your taxes, but you must keep your paperwork organized. Should you ever be audited, you want to be able

What To Do If An Irs Levy Keeps You From Paying Your Taxes

An IRS levy will be imposed on a taxpayer who owes delinquent taxes. The person is then unable to access their frozen bank account to pay the back taxes, and there was not enough money in the account for the IRS to seize to pay off the debt. Having an experienced tax attorney will help you with the

Is The Economy Affecting Texas Real Estate?

Texas currently has a solid low unemployment rate, as well as constant increases in personal in come. On top of all of that, Texas is known to have overall low interest rates. Obviously, the real ...

Police Salary in Pittsburgh, Pennsylvania

The pay of police in Pittsburgh, Pennsylvania, is slightly lower than the national average for police, though the city provides an extensive benefits package, even offering tuition assistance for higher education.

2006 IRS Form 5695 Instructions

Internal Revenue Service (IRS) Form 5695 is available online for tax year 2006. Form 5695 allowed a tax filer to claim residential energy credits based on qualified improvements to a primary U.S. residence. The two residential energy credits for 2006 were the nonbusiness energy property credit and t