As there are online tax filing software and services are available, paying taxes has become easy and convenient. The IRS provides you with Free File tax preparation software that lets you do your taxes for free but the only thing is you need to qualify for it. Anyone whose income is less than $57,000 can be eligible for Free File program and file taxes for free. You can e-file your state or Federal tax return for free using online tax return services if you are not eligible for free file program offered by the IRS.The IRS has introduced a fine option for doing taxes online. You can comfortably E-File Tax Return and pay for it later if you owe something on your income taxes. IRS e-file allows you to file both state and federal tax return online at the same time. This really makes the task function faster. The majority of the taxpayers have been choosing to file their return electronically because it is easier, faster, and convenient than paper filing process.You can do taxes on your own because using online tax software because it is not as complex task as paper filing. It only requires filling out online forms using relevant information asked by the software. You can...more
With the European Union expanding and borders contracting, more and more people are entering the UK, with figures reporting over 1,500 migrants entering a day.Many foreigners believe they do not have to pay any taxes when working abroad. This is however, not true. If you work in the UK you have to pay the government a percentage of your income in...more
Corporate Tax Singapore has one of the most competitive corporate tax structures in the world. The corporate tax structure is a pro- business package inclusive of wide ranging stimulus such as income exemptions, incentives, generous capital allowance and a wide spanning network of double taxation avoidance agreements. Here is a...more
With effect from 16.06.2005, Service Tax was levied on Club or Association Services. Club or Association was defined under Section 65(25a) as, Club or Association means any person or body of persons providing services, facilities or advantages, for a subscription or any amount to its members. The purpose of this paper to examine as to whether trade or industry association can be liable to pay Service Tax under this head or under any other head. In general a trade or industry association is a society registered under Societies Registration Act. Various business units are its members. They pay a subscription charges to the association. The association uses that money to provide services to its members like diffusion of knowledge, trade fairs, seminars/workshop etc. The association is a non profit organization controlled by the members themselves. They decide what activities will be undertaken by the association. If any surplus left with the association, it is further used for the benefits of the association. The accounts of the associations are periodically checked by the members. Can it be argued that association and members are same, i.e. they are not two different...more
Moving is an experience most people dread. Not only is it stressful, its expenses often run in the thousands of dollars. One silver lining is that those moving expenses are often tax-deductible. This article details the IRS guidelines on tax...more
Despite the new tax rate reductions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees is a whopping 46.3%. Why? Because Social Security benefits are subject to income tax. ...more
Many writers among us are unfamiliar with what a sentence structure corrector is and its capability to aid us to produce high-quality text. Thanks to the internet, we all now practice the art of writing for us to convey our opinions...more
There are many things to consider after a successful turkey kill. Many hunters choose wild turkey hunting for a variety of reasons. After a successful turkey hunt, you will be faced with a variety of choices. If you are interested in...more
For the successful trader, the best tax advice is to incorporate.With the proliferation of online stock and option trading, traders are looking for tax advice on the best way to structure their trading business. This especially true for day traders,...more
Bloomberg's Global quarterly survey was polled by over 1,400 Bloomberg subscribers in six continents. New York topped the survey as the hottest place for financial services and it has sustained its supremacy in spite of being severely battered by the...more