Taxes : Business & Finance
The rules for netting out capital gains and losses on your tax return are relatively simple. There are instances where you can net a long-term gain or loss against a short-term gain or loss, as long as you follow the netting procedure in the proper order as mandated by the IRS. The ability to net ou
In this article we will explain the tax implications of director's remuneration as a mean of extracting profits from owner-managed company.
There has been plenty of coverage on the news about Obama's economic stimulus tax rebate for workers. It is a great way for hard working individuals and families to see a little extra cash on their checks. However, did you know that if you normally receive a tax rebate check each year, you could hav
People who are disabled or blind often receive additional reductions to their taxable income that could result in heftier refunds at tax time. This happens because the government uses the tax code to lessen the tax burden on certain classes of people. In most cases, however, you cannot rely on the I
Before a taxpayer claims the Earned Income Tax Credit, he must qualify to take the credit. Income, investment income and residency are considerations. Other requirements must also be met before a taxpayer can claim the credit. Claiming a credit that a taxpayer is not entitled to can result in a susp
To encourage savings for retirement, Congress enacted the Employee Retirement Income Security Act in 1974, which established individual retirement arrangements or IRAs. This allowed individuals to contribute a part of their earnings to a retirement fund, while reducing taxable income by that contrib
Even though the IRS would really like you to reckon that tax laws and regulations are monochrome, they truly are not. A tax attorney is aware of this and will make certain that those numerous hues of gray function for your benefit by utilizing loopholes and a finer, present comprehension of tax laws
The Internal Revenue Service defines rules governing the deductibility of expenses. When deciding whether fencing your yard is tax deductible, taxpayers must evaluate how the fence is used. If your yard requires a fence for a legitimate business purpose, claiming a tax deduction for the fence is str
California state taxes 2010 online. E files your California state taxes 2010 and gets fastest tax refund. E filing is the best way for all taxpayers. Prepare your state and federal taxes online for 2010 tax year.
Many people, even people that have a strong and reliable income from a job that is stable and not going anywhere, require a little bit of extra money on the side to make ends meet. It's not that they need to have an entire second job, one with set hours where they work for an entirely different
Are you Self-Employed, a Contractor in the IT, Banking, Accountancy, Engineering, Project Management, Oil, Gas, Sports, Media or Medical Sectors? Are you a Dentist, Radiographer, Osteopath, Chiropractor, Geologist, Producer or Director? Woukd you like to ...
Many states established homestead rules to protect individuals from having their residence seized to pay debts from creditors. A Texas homestead can include a separate structure, condominium or manufactured home, if placed on land owned or leased by the claimant. An urban homestead includes surround