Taxes : Business & Finance

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Types of Taxes in Missouri

Types of Taxes in Missouri

Missouri's Department of Revenue oversees state taxes.missouri outline image by Kim Jones from Fotolia.comLike most U.S. states, Missouri imposes several different taxes on its residents. The state's Department of Revenue manages tax policy, which includes taxes on income, consumption and...
Information on the Federal Homebuyer's Tax Credit

Information on the Federal Homebuyer's Tax Credit

The first-time homebuyer's tax credit is a federal tax credit allowing eligible homeowners to claim a limited tax credit for purchases made between 2008 and mid-2010. The allowable credit amount depends upon when the homeowner purchased the home and whether the homeowner is a first-time buyer. Since
Lifetime Learning Credit Information

Lifetime Learning Credit Information

For a student making under $60,000 a year or a family making under $120,000 a year, the Lifetime Learning Credit may be a good way to help pay for college expenses.
Tax Reform – What Would I Do?

Tax Reform – What Would I Do?

There's a debate ongoing in Washington concerning tax reform. This was last done in 1986 and was done to simplify a tax system encrusted with special rates, exceptions, loopholes, deductions and credits for special interests. ...
Is Your Business Healthy?

Is Your Business Healthy?

Running a business is exciting and exhausting but sometimes you need to take a step back from the day-to-day activities of running a business and give it a business health check. If your business is ...
Credit Card Debt Solutions - How To Find Legitimate Debt Relief Programs

Credit Card Debt Solutions - How To Find Legitimate Debt Relief Programs

In this situation of crisis in the economy, the people suffering from over burden have left balance into a condition of inequality between their liabilities and financial structures. In this state of confusion, there are number of obstacles that have led to down struck of people in this economy. Liv
IRS Correspondence With Taxpayers

IRS Correspondence With Taxpayers

Each year, the IRS sends out over 200 million correspondence letters to taxpayers and receives about 20 million correspondences from taxpayers. The correspondence quantity has greatly increased in the recent past due to significant changes in the tax code that result in many taxpayers' inquires
State Tax Returns

State Tax Returns

Tax returns are forms filed by the Internal Revenue Service (IRS) or the state tax collection agency. These forms contain information on the calculation of income tax or other taxes. The standard US individual tax return is form 1040. There are several variations of this form such as the 1040EZ and
Reduce Income Tax in Spain - Home Rental Deductions

Reduce Income Tax in Spain - Home Rental Deductions

Awareness of deductions available for rental property in Spain are patchy. While some are aware that it is possible to make a claim for rental of their primary residence most are not aware that this can be extended to expenses apart from the rent.
Business Expense & Tax Deductions - A Complete Guide on Business Expenses For Tax Deductions

Business Expense & Tax Deductions - A Complete Guide on Business Expenses For Tax Deductions

You are about the "crack the code" on business expenses and tax deductions.Following this simple-to-follow and easy-to-implement information will help you get the most out of your tax deductions.
Important Questions About IRS Tax Liens

Important Questions About IRS Tax Liens

Here are some handy answers to some frequently asked questions regarding IRS tax liens. Read more...
Tax Relief - Selling Your Home

Tax Relief - Selling Your Home

It is actually possible for the US taxpayer to obtain tax relief on the sale of their home, if you receive a gain on the sale of your main home. There is a way to exclude part or even the entire gain from your income. Individual tax payers may exclude $250,000 in capital gains and, if married and fi
Estate and gift tax on israeli investments in the united states

Estate and gift tax on israeli investments in the united states

Estate TaxesWhereas most investors are aware that they may incur an income tax liability, they are NOT aware of their exposure to US Federal and State Estate Taxes. This is a tax that applies to the v
How to File Your Personal Income Taxes

How to File Your Personal Income Taxes

Each year the IRS requires individuals to file their personal income taxes. This involves reporting income from employment, self-employment, partial employment and other forms of income. Personal income taxes can be filed a number of ways including via a tax preparation company or an accountant. How
How to Avoid an Audit

How to Avoid an Audit

As tax time approaches, many people are wondering how to avoid an audit. This is understandable because facing an audit is one of the most nerve-wracking things that a person can go through.
Are Presidential Donations Tax Deductible?

Are Presidential Donations Tax Deductible?

The 2008 presidential campaign saw a record breaking $1.69 billion in contributions from private individuals and political action committees (PAC), according to the Federal Election Commission. The IRS gives a tax break for charitable donations to promote giving, and contributing to a presidential c
How to Find the Total Amount in Taxable Assets in the U.S.

How to Find the Total Amount in Taxable Assets in the U.S.

The United States loses an estimated $100 billion in tax revenue every year from abusive tax shelters. American citizens and resident aliens must report income from all sources within and outside of the United States. Failing to report your total taxable assets to the Internal Revenue Service (IRS)
Who Claims the Child Tax Exemption in a Divorce?

Who Claims the Child Tax Exemption in a Divorce?

The Internal Revenue Service provides specific guidelines for divorced parents claiming their child as a dependent for tax exemption purposes. For tax exemption purposes, "dependent" means any qualifying child who meets the IRS qualifying child test. Only one parent may claim the dependent exemption
Federal Income Tax & eBay Sales

Federal Income Tax & eBay Sales

Online auctions and retailing is big business and growing every year. eBay is the number one site for individuals to sell items and products on the internet. If you are thinking about selling on eBay, one question that you might have is if you are required to pay income tax on your sales? This artic