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Taxes : Business & Finance

Accelerated Depreciation Often Fools Taxpayers

Small businesses have many difference options to depreciation equipment. Sometimes the options are over whelming! Should you choose Section 179 depreciation, regular tax depreciation or elect straight line depreciation. Some taxpayers wish they didn't even have to worry about this decision.

Save On Property Taxes Roadmap

As you search for save on property taxes related information or other information about child care and childcare or business property tax, take your time to view the below article. It will provide you with a really refreshing insight into the save on property taxes information that you need. After g

Import Duties on Electronics

Most cameras can be imported duty-freedigital camera 6 image by Harvey Hudson from Fotolia.comCountries charge import and export duties (also known as tariffs; both are essentially a tax on international trade) in order to protect domestic producers and raise state revenue. The U.S. has...

Tips On Removing A Tax Lien

A person who has had a tax lien placed on their assets will need to get this removed as soon as achievable. If any assets are sold off while a tax lien is in place, the Internal revenue service will get to take part of themoney that it feels it is owed. It also appears on one's credit report, w

How to Prepare Your Taxes

You really have to admire the Internal Revenue Service. Any organizationthat makes tons of money without advertising deserves somecredit. For everyone else, April 15 isn't exactly a red-letter day. Butwith advance planning and organization, tax time doesn't have to besuch a g

7 Tips for Lowering Your Business Taxes

Tips for saving money by paying less on business taxes. Some ways to save on business taxes: take all tax deductions and credits, find a good tax preparer, fund an IRA.

Have Unpaid Taxes? Consider Back Tax Help

If you have some unpaid taxes and are stressed out about what to do, seek back tax help from tax resolution professionals. There are many tax payers in the same situation as you and though it may seem like it, have even worse tax problems than you. Luckily, for them and you, there are alternatives t

How to Change Last Year's Tax Filing

Tax forms are due on April 15 each year. If you have submitted your tax forms to the IRS on time but discover later that you had made a mistake or missed a deduction, do not worry. You can make an amendment to the tax return that you submitted. The IRS offers a form that makes it easy to make any ch

How to Calculate Tax on a Meal

The most commonly used way for a state to raise revenue is through the taxation of goods and services via a sales tax. Prepared food from a restaurant is often taxed, so the menu price is lower than the actual total you will pay.

Tax Relief - Individuals Serving Their Country

A large number of taxpayers hurry to finish paying their taxes as the deadline approaches. The Post Office gets ready for the sea of people and last minute tax filers.

Percentage of Wages That Go for Taxes

Wage earners pay a portion of their earnings to federal, state and local taxes. The actual amount paid, as a percentage of gross pay, varies according to how much you make, where you live and your particular tax situation in terms of deductions, expenses and adjustments to income. Tax rates also var

LIFO vs FIFO for Inventory Accounting - What's the Difference?

FIFO vs. LIFO - What's the difference between these inventory methods and which is better for my business? Find the answers in this article. Also considered are IRS regulations and national and international accounting review organizations regarding LIFO accounting.

What Is the Difference Between a 1099-R and a 1099-MISC?

Significant differences exist between a Form 1099-R and a Form 1099-MISC. While both forms provide the Internal Revenue Service with the taxpayer's income information, each documents very different income sources. Issuing parties for each form vary greatly. Only one of the forms can be received and

Your Well Being And Taxes

The IRS recently published a newswire urging people to safeguard their records. IRS Acting Commissioner, Kevin M. Brown stated, "With forecasts calling for an active Atlantic hurricane season, the IRS encourages taxpayers to protect tax ...