Taxes : Business & Finance
You can do it! You've been wanting to file your Federal and State taxes online, and now you're ready to get started. You're probably wondering how hard it's gonna be, especially if this is your first time filing taxes online. The process of filing Federal and State taxes online h
If you work as an independent contractor, or if you are an employer who hires independent contractors, you will encounter W-9 forms. Employers of independent contractors use form W-9 to obtain a worker's taxpayer identification number, correct address and proper name. They use this information to re
The tax collectors of ancient Egypt gathered taxes for the use of cooking oil -- and today, governments worldwide use a system of taxation. Taxes provide several benefits at the federal, state and local levels. The purchasing process requires the payment of taxes by consumers in every state. Sales t
IRS audits are the dental equivalent of a root canal. If you live long enough, you will likely have one. The trick is to know what you can do to minimize the likelihood of an audit from year to year or, to continue with the dental analogy, what you can do to prevent decay in between cleanings. The f
A registered retirement savings plan is a tax sheltered retirement vehicle for Canadian taxpayers. Stocks, bonds, guaranteed investment certificates, cash and other financial instruments are eligible RRSP investments. Canadians can open RRSP accounts at banks, online brokerages and other financial i
The Internal Revenue Service is serious about collecting on your overdue taxes. It has broad authority from Congress to take a variety of steps to ensure collection, including lawsuits, liens on property, levies on bank accounts and other financial assets, garnishment of wages and even criminal pros
The Internal Revenue Service tax code provides multiple tax advantages to taxpayers with a dependent child. Tax breaks include qualifying as head of household or claiming earned income tax credits. Unmarried parents filing separate returns cannot both claim the child.
Companies may consider a revenue as realized after receiving cash from customers, but may not recognize it in accounting books as earned until later based on revenue recognition principle. Unearned revenues often relate to products or services that companies deliver or perform over multiple accounti
Laws in most states make it a crime to write a bad check. However, many states offer first-time offenders the opportunity to complete a restitution program in lieu of defending themselves against criminal charges. These programs facilitate repayment to creditors and teach those who write bad checks
The Goods and Service Tax (GST), a landmark in the history of tax reforms, after the implementation of VAT, has started its journey by the Finance Minister's public endorsement of the dual GST model.The dual GST model will comprise of a Central GST and State GST. The Centre and the State will e
Most personal gifts are not tax deductible but there are exceptions to the rule.TAX TIME image by brelsbil from Fotolia.comGenerally gifts given to individuals are not tax deductible, and if these gifts exceed the Internal Revenue Service annual exclusion, they will incur a federal gift...
Every state requires drivers to register their cars, trucks and SUVs before driving them on public roads. While laws vary by state, many of the procedures are the same. You can also change your registration if you change your name, transfer the car from a parent to a child or move.
When you buy a stock, you do so in the hope that the shares will rise in value and you will make a profit. Sometimes, however, things to do not work out as you planned. When you do have a loss in your portfolio, you can write those losses off against your capital gains, or against your ordinary inco
Whether you are a renter or a home owner and you use part of your residence for your full or part time business, you probably qualify for the special home business tax deduction to save on your income taxes.The main advantages of a home business are that they are exempt from many government regulati
Each day that your Missouri income tax return is late, interest and penalties accrue on the amount of tax you owe to the Missouri Department of Revenue. The requirements for filing back taxes in Missouri mirror that of the Internal Revenue Service, or IRS. If your unfiled return does not show an amo