Browsing Category

Taxes : Business & Finance

How Do You Fill Out a Kentucky Sales Tax Form?

Kentucky imposes a state sales tax on transactions for tangible personal property at a rate of 6 percent. Accordingly, properly licensed Kentucky businesses must collect the tax and remit the tax revenue to the Kentucky Department of Revenue. To do so, businesses must fill out Kentucky sales tax for

Surviving an IRS Audit

"IRS" and "audit" are probably two of the most feared words in the English language, but they do not need to be. Unless you excessively lie on your tax return, your odds of getting audited ...

How to Carry Forward Tax Losses on Jointly Held Assets

In the United States, the Internal Revenue Service limits the value of capital losses that may be deducted on a federal individual income tax return in any given year. Capital losses above the limitation may be carried forward and used in future tax years, subject to the same limitation. The limitat

Don't Miss Your Chinese Drywall Damage Deduction

The IRS has added damage caused from Chinese drywall to this year's list of deductible casualty losses. The list also includes damage from tornadoes, hurricanes, blizzards, and other disasters. Typically, a disaster is required to be "sudden", but Congress recognized the argument that

Why do you need a Tax consultant?

There are many functions that a tax consultant has to perform. Before knowing why this professional is so important, you need to know completely about what are the various activities of the consultants. The finance ...

2010 Cost of Living Adjustments

Social Security announced that they will not grant a cost of living increase for the year 2010. Based on the statuses governing Cost of Living Adjustments (COLA) for CTRB members, members who retired on or ...

Tax Debt Relief Through Installment Agreement

With the economic downturn in the past years, a lot of people lost their jobs. The unemployment rate has increased and so a lot of taxpayers were not able to pay for their tax obligations. It's a good thing that there is a tax debt relief that can work for your particular situation. All you hav

What Is Estate Tax?

When you die, your estate, which includes the money and property you own, may be subject to the federal estate tax. Typically, the average household won't be subject to the estate tax, but those whose estate exceeds the exclusion amount may see taxes as high as 45 percent on the estate.

Instructions for a Federal Income Tax Form 1099-R

Form 1099-R is typically provided to individual income taxpayers who have withdrawn money from a pension, annuity, retirement plan, profit-sharing plan, IRA or tax-deferred insurance contract during the tax year. Form 1099-R is prepared by the plan administrator, and a copy of the form is provided

Tax Relief And Back Taxes

You might be going through some hard time when searching for tax relief. Mostly people have a common tendency to approach Internal Revenue Services. But read more to know the true fact.

Property Tax Secrets

A homeowner gets his property tax bill and his jaw drops.Property taxes challenges face a high probability of victory when you push back!

Ministers & Social Security Tax

Prior to 1984, ministers and other employees of nonprofit organizations did not have to pay Social Security taxes unless they opted in. As of January 1984, however, ministers and other church or nonprofit employees must pay Social Security taxes unless they qualify to opt out or have minimal earning

Tax Preparation Las Vegas - Cpa Firm

How correct tax preparation in Las Vegas can save you money. The process of choosing a CPA firm. The importance of finding your fit with a CPA.

How Can I Change the Property Value of My Home in Butler County, Ohio?

The Auditor's Office in Butler County, Ohio, regularly visits properties in the county to update records and assess the market value of the home. The county assessment forms the basis for levying property taxes, and the higher your home's assessment, the more taxes you pay. If you feel your home was

Help With Schedule D

Through financial markets, you can establish hundreds of thousands of dollars in wealth over the long term. As part of the wealth creation process, it is critical that you understand the tax ramifications of your investment decisions. On stock, bond and mutual fund investments, you are likely to owe

What If You Have Not Filed Taxes for Years?

You face fines, penalties and the loss of money if you fail to file your tax returns with the Internal Revenue Service (IRS) and were required to do so. The amount of income you are allowed to earn before you must file a return varies by tax year and your filing status.