Taxes : Business & Finance
A VUL is a variable universal life insurance policy. These are investment policies sold by life insurance companies. The policy combines elements of insurance and investing. However, even though these policies are sometimes used to supplement retirement income, they are not retirement accounts. The
The U.S. government collects a variety of taxes in order to fund the military, afford social programs and maintain infrastructure with an estimated $2.381 trillion in revenue collected in the 2010 fiscal year. The majority of federal revenue comes from income taxes and payroll taxes levied directly
Those with a love of children can find an enjoyable career as a daycare provider. Whether you offer your own in-home daycare services or work at an already established daycare center, you can help children learn and grow on a daily basis. Before you start your career as a daycare provider, consider
A goods and services tax (GST) is a value-added tax. It is applied at each point in the supply chain, and levied equally on goods and services supplied. GST paid on products or services a company uses to operate its business are offset through tax credits. Adopting GST has four primary benefits: it
The real estate sale form is used to exchange a home from a seller to a buyer. The contract specifies both the seller's and buyer's rights in the transaction. These rights include the right to cancellation, the right to conduct home inspections and the right accept or reject an offer.
This article purports to inform general tax payers about the recent change in rules pertaining to the obligation of tax preparers. In nutshell, no confidential data of the tax payer can be disclosed by a tax preparer to any third party without the express permission of the tax payer.
How tax planning prior to year end can save you big dollars on your taxes.One of the biggest mistakes made by business owners and real estate investors is waiting until it is too late to assess the tax impact of your business income and real estate transactions. There are several reasons for this.
Retirees usually are the most surprised of all taxpayers when they find themselves in the Alternative Minimum Tax. Unfortunately, there is no “age exemption” – if you have the right blend of income an
Every year, as the tax due date draws nigh, there are a lot of theories, arguments, and false information that float around claiming tax returns are not mandatory and that are a frivolous activity. The spread of this information has become more prevalent with the prominence of the internet and onlin
If you claim someone else as a dependent and you pay a majority of their educational costs, you may be able to take a credit or deduction from your taxes. The deductions can either be an above-the-line deduction or an itemized deduction. When you file your tax return, you must decide whether you wan
In donating a vehicle, there are a few requirements that must be followed. First, you should enumerate your deduction in your tax return. Your adjusted gross income should not exceed half of your total deductions.
When a couple gets divorced, the property they owned during the marriage must get split up between them. The couple must either agree to these property settlements, also called property agreements, or the court will decide how the property gets divided. The laws that govern property agreements diffe
OverviewCreatas/Creatas/Getty ImagesCalifornia's income tax scheme is administered by the State of California Franchise Tax Board, or FTB. Income tax in the state is charged progressively, meaning that as a person earns more, progressively higher rates of tax are applied to that...
Every state has its own laws on how much sales tax to charge on each item. The sales tax is a percent of the cost of the purchase, not a set amount. That means that each unique purchase will have a sales tax figure added to it. If you know the purchase price of your item and the current sales tax ra
You may make a gift to help reduce this debt. Your gift may be tax deductible.