Appeals in Income Tax in India The tax authorities make use of 'best judgment assessment' and pass orders according to the case. When such powers are used by the authorities, it is likely to generate grievances among the tax payers. In case the tax authority has made some prime facie mistakes, the tax payer could go to the concerned assessing authority for rectification of mistakes. However, the tax authorities sometimes...more
August 2008 Tax Update Although business and commercial properties occupy the majority of 1031 exchanges there are still a fair number of exchanges which involve one and two family residential properties. This year a pair of laws have impacted the treatment of primary residences and vacation homes, both as potential 1031 properties, and for taxpayers in general.In March 2008 the Internal Revenue Service issued Revenue Procedure...more
College Scholarship Options for Tax Week 1. Sallie Mae Finance American Dream Scholarship - Now the United Negro College Finance has teamed with the Sallie Mae Finance to provide scholarships to all African American learners coming from low-income families. The scholarships vary for $500 to $5000. Applicants should attend a 2- or 4-year university, college, or vocational school in the United States of America. Only the Pell Grant-eligible learners having American citizenship as well as are permanent U.S. residents may apply for it. The application deadline is April 15th. Besides, applications online are available. 2. The 12 Annual Signet Classics College Student Scholarship - In case you are a great fan of popular Dr. Jekyll & Mr. Hyde, then you are in luck! The current yearly Signet essay contest is supplying 5 high school seniors or juniors or with $1,000 scholarships (as well as the Signet Classics library for high school) for creatng a winning essay paper on this R. L. Stevenson classic. The 4 optional topics as well as other application peculiarities are presented on the Signet site. Entries should be postmarked by April 15th and handed in by the English teacher...more
Heavy use tax forms This tax is levied with sole purpose of using the funds collected from the tax for construction and maintenance of highways.Now let us discuss the critical details about form 2290 under the following topics:IRS Form 2290 PurposeIRS Form 2290 BasicsWho needs to file this form?Heavy Vehicle Use Tax exemptionUnpaid...more
Why does ‘Middle England' get hit hardest by taxes? If even the Tories are hitting the middle-classes with a tax hike, what's going on? I was told on TV the other day that ‘the middle is a good place to be' – but is it? Firstly, the accuracy of this statement is, of course, flawed in many respects. This article, instead...more
Custom NFL Jerseys-Customized and Personalized Apparel Goods Do you think your NFL Jerseys are not very attractive and trendy? All the problems mentioned above can easily solve themselves when you start getting your jerseys custom made. You can use your nickname, name or even use special word for you to customize NFL jerseys. If you have a girl, it will be really romantic if you put his name on the jersey that has been sorted. Along with the name, you also need a number like admired team's number. Besides you can choose a number of special for you both, or the number of the jersey of your favorite NFL players, even choose a number that's more personal - such as the date or year of your baby's birth. You will find the personalized NFL jersey set you apart from the crowd and declare your fandom.When you watch a game on TV and the team you love won the title at home, Wearing Custom NFL Jerseys will give you more proud of your team as if to scream the name of your team. It will not only help you increase more emotion of football, but also be a more loyal fan. So if you are actually a great fan of NFL football, the shirts of your admired aggregation is absolutely bare to...more
Wash Sale Rule - What You Should Know Before Taxes Come One of the topics that arise at tax time is about the wash sale rule. If you take it into consideration before taxes and sell your losing positions that have no chance turning...more
Learn more about filling your income tax return The tax is a very important part of the country one stays in as it not only helps the nation in a wide variety of types the tax helps growth of proper public opportunity and the transport...more
The know how of the Tax calculators Tax is the part of the money you earn is deducted for the country. The tax is of different types that is some might be when you are shopping some might be on your products of import some might be on...more
How to Fill Out Heavy Use Tax Form 2290 In order to minimize the errors and to process the return more quickly you need to fill out heavy highway vehicle use tax form 2290 accurately. For the first time you file, IRS will mail you the...more
Hong Kong as a tax haven Hong Kong Offshore Companies and their Tax LiabilityTaxes only apply to business profits, salaries and property rental income. This means there is no capital gains tax and no inheritance tax - the two biggest...more
The Overwhelmingly Bad Conduct of NFL Players The negative conduct of players in the NFL is at an all time high. As a former NFL player I have seen many incidents of bad player conduct both on and off the field. In this article I am...more