Author: ChintamaniIf you had someone in your home babysitting your child who was not your spouse, your child under twenty-one years of age, your parent, or a minor child and you paid that person $1700 or more, you owe the Nanny Tax. The Nanny Tax is simply the FICA and FUTA taxes required to be paid to the Internal Revenue Service by employers. In addition to these taxes, you will most likely owe state unemployment and compensation taxes for...more
Tax systems are meant to bring as much revenue as possible while at the same ensure that business thrive and individuals are enterprising. However in many cases we see tax systems all over the world failing in their roles or even causing the collapse of entire economies all together. Here are five reasons why they fail:1. Failure to Reward ComplianceOne of the reasons why tax systems fail is because of their unwillingness or inability to reward...more
Resolve To Get Tax Resolution The recession continues to impact more and more people and small businesses every day. The number of taxpayers with back tax issues is increasing as well. The IRS has stated that both business and individual tax filings and payments are down because people are just plain struggling to pay their tax bill and cope with their living expenses. They would also want you to know that the worst thing you can to do is to neglect paying taxes, as they just keep adding up. It is best to seek tax resolution to avoid potential issues like the loss of a home, a car and complete sanity. In these tough financial times, you might even know someone who has not paid their taxes off. Some go years without paying; however with the rate of technology increasing steadily, the IRS will find them eventually. Running a credit check anyone? No one wants to be hunted by Uncle Sam. Even though the economy might be the cause, it is still advisable to seek tax resolution and contact the IRS before they contact you. This will make things a lot easier in the long run. In some circumstances, it is possible to apply for a penalty abatement, in which case all of...more
Part of your responsibility as a small business owner who runs a business from home is to know the tax advantages and liabilities that are associated. It is vitally important to understand what tax responsibilities you will have before going into any business, but just as important is understanding the major small business tax deductions available...more
Former NFL players eat cake and take it too on USO tou Day 4 of the 2011 NFL-USO tour began at Camp Marmal in Mazar-e-Sharif, in the north of Afghanistan. The plan for the day was to "FOB hop" to several bases in the region. FOB hopping -- which is a staple of NFL-USO tours -- is when you visit multiple small Forward Operating Bases...more
You see, we should be very thankful that we are born in this modern generation because of the existence of the Internet. With the Internet, every information (whether about ordinary income taxes or any other such as filing taxes, tax questions, income tax bracket or even income federal tax) can be found with ease on the Internet, with great articles like this.The most effective way I've found to remember people I've met is to retain their business cards. During our conversations, I often take quick notes on the back of the cards that I can refer to later, such as jotting down a reminder about something from our meeting, an action item I have agreed to or something they have committed to me.Once back at my desk, I review the stack of cards. I write thank you notes, delegate action items, pass along leads and the myriad of follow up details that occur after a business trip. Without the cards, I'm left only with an attendee roster and pads of paper.Your cards should include your name, phone number, fax number, e-mail and street addresses and company logo. This information should be produced in a color and font that are easy to read. In addition, you could include discounts, coupons,...more
It's difficult to provide accurate ordinary income taxes information, but we have gone through the rigor of putting together as much ordinary income taxes related information as possible. Even if you are searching for other information somehow...more
If you are looking for information about ordinary income taxes, you will find the below related article very helpful. It provides a refreshing perspective that is much related to ordinary income taxes and in some manner related to free online tax...more
The Heavy Highway Use Tax can seem like a nuisance to those who have to dig into their pocket each year and fork it over, especially as a new business owner or truck driver. Many consider it a bit unproductive to charge because big trucks provide...more
Home mortgage interest is deductible in computing the Regular Tax, although certain limitations apply. The Alternative Minimum Tax similarly allows this deduction, but it is subject to differences in the limitations. Understanding these differences...more
Today, people are making lot of money. However, as the question to make their income tax returns, they prove their back. Also well cultured citizens of our country dont feel to pay their tax in time. The issue of tax returns would get resolve very...more
Alternative Minimum Tax consequences are not a result of cost segregation. Nor is cost segregation accelerated depreciation. Decisions regarding cost segregation and accelerated depreciation are independent by the four options as illustrated in the...more