S-corporations enjoy some important tax benefits.business colleagues preparing for business meeting image by Vladimir Melnik from Fotolia.comStarting and running your own business is one of the best ways to take charge of your financial future, but it is important to structure that...
A rapid return refund is a loan based upon the amount of money you should receive from the Internal Revenue Service for your tax refund. You are basically paying a lender to give you an advance on your income tax return. The interest and fees that accompany such a loan can be quite high. If you are
The IRS can levy your bank accounts, retirement accounts and any other assets you may own including your car, your boat and real estate. The IRS may even levy your wages or any other income you are re
In addition to federal income taxes, many states require the residents to file state income taxes each year. In the state of Alabama, state income tax returns must be filed by April 15 of each year, the same deadline for federal filing. Filing two separate tax returns can be confusing,...
The Internal Revenue Service accepts payment agreements from taxpayers who owe less than $25,000. You can apply for a short-term extension that gives you up to 120 days to pay your tax bill. You can also apply for a monthly payment plan. The IRS adds $105 user fee to your total bill. Automatic payme
The American Jobs Creation Act of 2004 gave taxpayers the option of a sales tax deduction. This option was only available for federal tax returns filed in either 2004 or 2005 by filers who itemized deductions.
Income tax benefits and income tax expenses are retained by the grantor, thus he pays income taxes on the income of the trust. Income taxation system bears progressive character.
The IRS allows homeowners a wide range of deductions for expenses that relate to the home; however, the cost of making house repairs is not usually deductible. This remains true irrespective of whether you have insurance coverage or not. There is one exception to this rule when the repair is necessa
You may deduct interest on loans taken out for your business, including mortgages on business property, term loans, and lines of credit.
If you donate a vehicle to charity, you may be able to write it off as a deduction on your federal and state taxes. The Internal Revenue Service requires charities to register with them before you can donate vehicles for a tax break. You must also have proper documentation regarding the vehicle's wo
According to the Internal Revenue Service (IRS), "charitable contributions made to qualified organizations may help lower your tax bill." However, there are some rules that must be followed to be able to legitimately deduct charitable contributions on your tax return. Your donation must be given to
Over 68 million Americans filed tax returns in 2010, according to the Internal Revenue Service. Of these, 56 million filed online, with 21 million Americans chosing to file their own taxes, an increase of nearly 7 percent over the previous year. E-filing is a convenient way of filing your...
If you are self-employed, have investments that earn interest or dividends, received money from the government or had other non-traditional income, you should get acquainted with the IRS 1099 form.
Each state has its own unemployment qualification criteria based on federal guidelines. The U.S. Department of Labor's Unemployment Insurance program is a joint federal/state effort that provides temporary financial aid to workers who find themselves out of work through no fault of their own. Amount
Rama Tax Services offers are Professional Certified Public Accountant (CPA) and provide Free Tax Return Calculator. In This Article we are going to discuss about Child Tax Credit.
If you are wondering "when will I receive my federal refund" than you are probably expecting some money from the Government. It is pretty impossible to give you an exact answer to this question, but here are some points that will help you in determining when you can expect your federal ref
The difference between claiming an education tax credit and the tuition deduction can mean money in your pocket at tax time. Usually credits are more valuable than deductions, but you will have to calculate your tax obligation in both scenarios to find out which one benefits you the most.
Nursing instructors and teachers may work in colleges, vocational schools, universities or medical institutions training student nurses and providing both classroom and clinical instruction. The salary a nursing faculty member earns will depend on the type of institution, her level of experience and
Meteorologists, also called atmospheric scientists, forecast the weather, study long-term weather patterns, research the atmosphere's physical properties, and work to resolve air pollution. Although the occupation is likely to experience fast job growth until at least 2018, available positions have
The Hoosier Property Tax Sale List provides an information and research tool for investors interested in purchasing foreclosed real estate and confiscated properties offered by Hoosier county governments. The main Web page presents an Internet listing of foreclosures resulting from tax liens; homes