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Taxes : Business & Finance

Understanding Hong Kong Tax Rules (Part 3): Salaries Tax

Hong Kong tax rules are not very complicated. However, many people are confused when preparing their tax returns because there are not many guidelines around. In this series of articles, we will explain some key ...

How to Donate to Charities

If you've decided to donate to make a charitable contribution, you'll need to organize the details of the donation to make the most of your efforts. Donating to charity isn't limited to just money; you can donate food, clothing, pet supplies and even blood, depending on the organization. Making any

Will Banks Pay Property Taxes on Delinquent Mortgages?

Generally, banks will pay property taxes on delinquent mortgages if the loan is set up with an impound account, also known as an escrow account. An impound account allows the bank or mortgage company to collect funds up front for future expenses, primarily property taxes and insurance. The amount ne

Filing a 2009 Tax Return

The time will come quickly when you have to file your 2009 income tax return to the IRS before the deadline. For the most people, tax season is always stressful because it involves several documents and forms to deal with and certain credits and deductions to claim.

How to File 2009 Taxes Online

Federal income tax returns must be filed by Apr. 15 each year by U.S. residents who meet certain income requirements. Federal income tax returns for 2009 can be filed online, or electronically, for faster processing by the government and for faster refunds to taxpayers who overpaid their taxes in 20

The Filing Date for U.S. Tax Returns

The filing deadlines for the U.S. tax year 2010 begin in April 2011. Each tax return must be postmarked or submitted electronically by the filing date. Penalties and interest will accrue in any unpaid taxes from the filing date, unless the taxpayer files an extension by the deadline. U.S. income tax

Even Sodas Are Being Taxed

Governments that are struggling with debt and lost revenue are doing everything possible to increase their cash flow. Taxes are being raised on a number of things across the country. One such tax that has a lot of people angry is the soda tax that a few states have levied. The tax was first introduc

How to File a Tax Return in Colorado

Filing federal income tax returns is important no matter what state you're in, and like most states, Colorado also has its own taxes. Your state taxes can be deducted from your gross income on your federal income tax return, resulting in a lower adjusted gross income, which may mean you owe less mon

How to Amend a Michigan State Tax Return Online

Michigan allows up to three years to file an amended return. If you filed through Online Taxes, you can access your return and make corrections for free. If you did not originally file online, a fee of $49.95 is charged to amend the tax return online.

Expat Tax Lesson Learned From the Gorillas of Ruanda

U.S. expatriates living abroad often make decisions about their finances and their tax preparation alone. Successful U.S. expatriates rely on the knowledge and experience of their trusted expat financial professional to help them manage all aspects of their finances regardless of the circumstances.

Health Savings Accounts And Taxes

HSAs have a “triple” tax advantage from a federal tax standpoint.Individuals receive full tax advantages for HSAs on their Federal Income Tax return (or through a salary reduction program in certain employer-sponsored settings) regardless of particular state’s tax treatment of HSAs

Quickbooks Help Save Small Businesses Money at Tax Time

You've dotted all the "I's" and crossed all the "Ts" but how can you be sure that you're getting the maximum tax benefits and are not paying too much? The answer is simple, by having a review of your Quickbooks file, an experienced consultant can often find simple

How to Enter Oil Royalties on a 1099 Tax Form

Form 1099-MISC is the federal tax form that should be used to report taxable income other than wages, which are reported on Form W-2. Oil royalties are generally reported on Form 1099-MISC. One copy of the form is sent by the payer to the Internal Revenue Service and a second copy is sent to the pay

Do People on Social Security Have to Pay Yearly Taxes?

Social security provides a monthly payout to Americans who have worked for a certain number of years and reached a predetermined retirement age. These payments may or may not be subject to federal income tax at the end of the year. How much income tax is owed on benefits at the end of the year is la

How to Know When to Issue a 1099-MISC

A 1099-MISC needs to be issued by your trade or business under many situations when you pay someone for rent, services, royalties or other various fees.

Business Vs. Hobby Taxes

In tough times, many people try to use their hobby to earn money. If you make money with a hobby, you will have to pay taxes. If you can consistently make money, or even if you do not, you may want to turn your hobby into a business. The Internal Revenue Service (IRS) provides guidelines for both, a

Reasons for Federal Tax Returns to Take a Long Time

Mathematical errors can delay your federal tax refund.TAX TIME image by brelsbil from Fotolia.comIt's hard to be patient when you're waiting for your federal tax return. Days can seem like weeks and weeks like months when you've got a windfall coming your way. According to the Internal...

Problems in Processing Tax Returns

Tax season, the period between January 1 and April 15, is the time of year when taxpayers find out whether they will owe the Internal Revenue Service (IRS) money or if the IRS will owe them money. Tax companies such as H&R Block and accountants help individuals prepare their tax returns...

How to File Your Taxes Without Paying Taxes on Social Security Disability

The Social Security disability insurance program offers monthly benefits to disabled workers who are unable to take part in "substantial gainful activity" that earns them a certain amount of money each month. Disability benefits are considered income by the Internal Revenue Service, however, and dep

7 Tax Incentives for UK Technology Startups

Having taken the risk and side-stepped the typical job route to become a tech entrepreneur and wealth-creator, its a good job that there are still some tempting UK tax incentives out there to support you. Here are just 7 tax ideas or tips that you should be thinking about for your start-up business.