Business & Finance: Five Lethal Bloopers Taxpayers Make

Five Lethal Bloopers Taxpayers Make

Tax payers make mistakes all the time; some are fixable but others can be lethal. If you don't know how the IRS collection process works, you should not attempt to do it yourself. IRS agents will attempt to collect the greatest amount possible, and often have the upper hand when dealing with in

Business & Finance: How to Organize Your Tax Documents

How to Organize Your Tax Documents

Tax time is looked upon with dread by nearly every business owner. Try these tips to get your tax documents organized so you can file your taxes and get your refund quickly.

Business & Finance: What Happens if I Didn't File My Taxes Last Year?

What Happens if I Didn't File My Taxes Last Year?

If you meet the filing requirements, then you are required to file a tax return on or before the April 15 deadline. Failure to file your tax return before the due date means that you are not in compliance with Internal Revenue Service tax law and thus, you are leaving yourself open to enforcement ac

Business & Finance: Easy Guide to Making the Most of Your ISA Allowance

Easy Guide to Making the Most of Your ISA Allowance

Now more than ever, it's beneficial to make the most of your annual tax-free ISA allowance. Considering the government's VAT raise and the proposed hike in National Insurance, a basis rate tax payer could soon be paying more than 43% in taxes on every pound they earn and spend, while highe

Business & Finance: A Plan For Making Tax Preparation Less Painful

A Plan For Making Tax Preparation Less Painful

The holidays have ended and New Years is a hazy memory of fun. As I lounged on the couch on a Sunday watching the playoff games, I just couldn't get comfortable. It was like I had blocked out some type of pain. Then the problem became clear. It was time to start thinking about taxes.

Business & Finance: Are PSHCP Premiums Tax Deductible?

Are PSHCP Premiums Tax Deductible?

The government of Canada offers a supplemental healthcare package to its federal employees and their dependents called the Public Service Health Care Plan (PSHCP). This plan further offsets patient-side healthcare costs associated with the country's provincial and territorial healthcare systems. The

Business & Finance: About IRS Income Tax Deductions

About IRS Income Tax Deductions

The Internal Revenue Service reports overlooked deductions as one of the most common and costly of tax return blunders. Get every dollar you deserve from this year's tax return with common IRS deductions.

Business & Finance: How to Cash a Joint Income Tax Return Check

How to Cash a Joint Income Tax Return Check

Whenever a check is payable to two parties, both parties must be present to endorse the check and receive the cash. This process is no different for a joint income tax return check. Both persons must acknowledge their receipt of the cash with a signature, and this must be done in person unless the c

Business & Finance: What Happens to Delinquent Property Taxes When the Owner Dies?

What Happens to Delinquent Property Taxes When the Owner Dies?

Property Tax DelinquencyWhen people are behind on their taxes, the only recourse local governments have is to sell the tax liability or tax liens at a public auction. Interested investors buy these liens inexpensively and typically for a guaranteed rate of return if and when the...

Business & Finance: How to Search for an Applicant's DEA Number

How to Search for an Applicant's DEA Number

Those in the medical profession, including doctors and nurse practitioners, are required to obtain a Drug Enforcement Administration (DEA) number in order to prescribe controlled substances. When a medical professional applies for employment, it is part of the screening process to verify that the DE

Business & Finance: Calculation of the Alternative Minimum Tax - Property Taxes

Calculation of the Alternative Minimum Tax - Property Taxes

Similar to state income taxes, for Regular Tax purposes you are allowed a deduction for property taxes that you pay. Under the AMT, however, you are allowed no deduction for property taxes. This problem affects more than 90 percent of all folks stuck in the Alternative Minimum Tax, so it is somethin

Business & Finance: Tax Attorneys to Guide You in the Right Path

Tax Attorneys to Guide You in the Right Path

Coughing up income taxes is definitely close to the actual least recommended issue for lots of people. To become duped over a tax matter is certainly even more difficult, however, a completely new tax

Business & Finance: The Best Tax Free Investment

The Best Tax Free Investment

Simply explained if you sell your home that you are living in or have lived in then the whole or part of the gain is exempt from tax. Please be reminded that irrespective of occupation ...

Business & Finance: IRS tax relief- if you cannot pay your tax debt

IRS tax relief- if you cannot pay your tax debt

If you are one of these people and been juggling two jobs then believe it or not you need help especially if the Internal Revenue Service start sniffing at your doorstep. The only answer is for you ge

Business & Finance: Can You Be Claimed as a Dependent for Tax Returns if You Are 18 Years and Above?

Can You Be Claimed as a Dependent for Tax Returns if You Are 18 Years and Above?

Claiming someone as a dependent on your income tax return lowers your taxable income, and therefore your tax liability. The Internal Revenue Service divides legal dependents into two broad categories: dependent children and dependent relatives. Each type of dependent has several qualifying criteria.

Business & Finance: The Interest Tax Act

The Interest Tax Act

The Interest-Tax Act is legislation that was enacted in India in 1974, and came into effect on April 1, 1975. The act imposes a tax on interest earned by banks and other lending institutions providing credit to individuals and commercial or other organizations, Provisions contained in the Interest-T

Business & Finance: How Much Can I Deduct for Donating Toys?

How Much Can I Deduct for Donating Toys?

Cleaning out your attic might lead to a nice tax deduction if you donate some old toys. It could also lead to an erroneous deduction that could inspire the Internal Revenue Service to audit your return. Toy donation can be a difficult deduction because you have to properly access the fair market val