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Taxes : Business & Finance

How Tax Filing Becomes Hassle Free For Companies?

Financial problem is the biggest obstacle face by the nascent companies in the market. Without capital nothing can be achieved in the market. To avoid this hurdle, financial aid is taken from the lend

Tax Relief - Taxes And Death

Putting those two words together seems kind of redundant doesn't it; like a double negative. Okay, so maybe that's a little bit of an exaggeration, but there is actually a death tax.

Tax Requirements for Rental Homes

Payments received from renting a home, townhouse or condominium out are taxable income, and the Internal Revenue Service requires landlords to report it as part of their gross income. Property owners who rent out a portion or all of the home are eligible for a number of tax deductions, which lowers

Who Needs to File a Tennessee Income Tax Return?

Like most other states, Tennessee collects a state income tax in addition to the federal income tax paid to the Internal Revenue Service. To be required to file taxes in Tennessee, you must be legally domiciled there, meet certain income requirements and not be eligible for any additional exemptions

1031 Tax Free Exchange: Worthy Federal Tax Expenditure?

The 1031 tax free exchange tax expenditure review starts on page 425 of the recently released 1,000 page report by The Congressional Research Service called "Tax Expenditures: Compendium of Background Material on Individual Provisions" for the Senate Budget Committee. Chairman Senator Conr

Foreclosure & Moving Expenses

Foreclosure is a worst-case scenario for the homeowner who is unable to pay for his property. While moving is stressful under the best of circumstances, trying to find a new home is especially difficult when there are few resources available and you're about to be evicted for nonpayment. To help hom

4 Tips to Cut Your Next Tax Bill

You can cut your next tax bill if you are focused on certain key elements. Was your last tax bill exorbitant? Now is the time to cut your next tax bill.

Why We Need the Latest IIP Numbers

A leading Macro Analytics firm focused on emerging markets. It connects the real economy to the markets, providing actionable strategies to investors and researchers, based on its unique insights and forecasts on the Indian economy. ...

How Can I Tell How Much My Car Is Worth?

Several websites offer appraisal guides to help you determine your vehicle's value, whether you plan to sell it privately or trade it in toward another vehicle purchase. Other factors may affect your vehicle's value, such as market conditions, buyer interest, availability or necessary repair costs.

Income Tax Deductions for Domestic Worker's Job Expenses

Your job as a domestic worker may require you to wear different hats every day. One day you may need to supervise your employer's children and on others you may need to provide cooking and cleaning services. Regardless of what your official role is in the household, the nature of your domestic work

What Can I Claim on My Income Taxes?

According to the Internal Revenue Service, credits, exemptions and payments comprise the types of claims which can be included on income tax returns. Each type of claim lowers the dollar amount the taxpayer is responsible for paying to the IRS.

How To Prepare Taxes for an SBA Loan

A loan from the Small Business Administration (SBA) could rescue your business when no other funding sources are willing to lend. In your loan application, the SBA will ask you to submit tax information that it will use to decide whether your company could benefit from an SBA loan and whether you'll

Can I Carry Someone on My Tax Return if They Owe the IRS?

If you provide more than half the support for your children under the age of 19 or for certain other relatives that live with you, you can claim them as dependents on your tax return. You can still claim dependents if your dependent owes money to the Internal Revenue Service, but he must also file a

The Other Taxes - What You Need to Know

Income taxes on business profits receive the most attention, but they are far from the only ones you need to know about. These can add considerably to the cost of doing business because of the financial outlay and time demands. Avoid penalties and interest by complying with these other responsibilit

Appealing For Lowering Your Property Taxes - The Smart Guy's Guide

Ever since the State stopped assuming that your only house is your primary residence, property tax bills shot up for everyone. Yes, if you have not declared the fact that your only residence is your primary residence ready yourself to cough up more in property taxes. The simple solution is to send i

How to Calculate Tax Personal Exemptions

You are allowed a personal exemption for your taxes. This means that each year, a certain amount that is adjusted for inflation will reduce the amount of income that is subject to tax. Personal exemptions depend on a variety of factors, such as tax filing status and whether you have dependents. In 2

Tax Payment Without Hassles!

As the world moves online, so does your tax. All you need to do now is go online and fill your tax return. You can save time and get your tax calculated automatically on the ...

What to Do Before Asking a Bank for a Mortgage?

If you're ready to purchase your first home or you're considering moving to a larger home or downsizing to a smaller one, you'll probably have to apply for a mortgage. Applying for a loan can be a time-consuming, sometimes complex task, but there are some steps you can take before contacting a bank