Taxes : Business & Finance
If you buy real estate, the usual reasons behind your purchase are to provide your family a home, to benefit from leverage and appreciation, and/or to create a steady cash flow through renting. Additionally, once you own real estate, you will benefit handily from the tax advantages associated with h
If you are one of the many taxpayers who have not filed your taxes and have unpaid tax returns, there is hope. Although having unpaid taxes is not a very wise choice, it is not the end of the world. If for one reason or another you have unpaid tax returns, you can rectify the situation immediately.
Filing a joint income tax return can qualify you for innocent spouse relief if your spouse somehow mismanaged your joint tax payments. The IRS offers this relief to individuals who have acquired tax liability through mistakes or omissions made on tax returns that were filed jointly with a spouse or
The first-time homebuyer tax credit was created by Congress to assist people with the purchase of a principal residence. The credit was created in 2008 and extended in 2009 and again in 2010; the credit has since expired. It is necessary to follow certain rules in order to receive the money after t
If you've had a lien placed on your property by the Internal Revenue Service and the federal government, you have received a Notice of Federal Tax Lien, which gives the IRS a legal claim to your property as security of payment for your tax debt. To lift the lien from your property as quickly as poss
Are you a sole proprietor who files the shorter Schedule C-EZ rather than the traditional (and longer) Schedule C? If so, please read on to find out why you may be making a big mistake. First, a quick review of the qualifications for using Schedule C-EZ.
A company’s federal tax identification number, or EIN, is the identifying number used by the Internal Revenue Service to identify a company. Federal tax identification numbers are also used by companies to do such things as apply for a business loan or open a business account at a bank. Federa
To promote greater energy efficiency, Congress permits individual taxpayers to take a tax credit, not a deduction, for certain improvements they make to their property. When the American Reinvestment and Recovery Act was passed in 2009, these credits were furthered to provide even greater incentives
Florida law requires all non-custodial parents financially support their children by paying child support, a monthly payment made to the custodial parent to cover the costs of basic needs such as food, shelter and clothing. Non-custodial parents are required to pay child support until the child reac
With just a month left to complete the tax exercise, there is still time to make investment decisions, which will help balance the accounts with the Treasury. While tax planning is not a matter left to the last minute, there are formulas with which you can deduct the tax base from income tax.
Staying Out Of Trouble With Tax Brackets