Getting an Extension on Corporate Tax Returns
The one thing that unites everyone in the United States is tax. This is simply because we all have to pay! Most people focus on April as the key time for tax filings, but corporations small and large don’t have that much time. Instead, they must file in March each year or seek an (read on...)
What to Do When Your W-2 Doesn’t Appear
January and early February represent a period of what is known as information return filings in the tax field. Put in more understandable terms, this is the time when forms like the W-2 are filed. So, what do you do if you don’t receive a W-2? Let’s take a look. What is a W-2? It is (read on...)
Register This Epiphany During Tax Season
So, you are starting to think about the possibility of thinking about doing your taxes. This should elicit both internal and external groans on you part. Nobody likes preparing their taxes, but you should be able to have an epiphany over the next few weeks regarding something that becomes obvious (read on...)
Dealing With Past Due Taxes – A Matter of Perspective
Federal, state, county and local governments all run off of the taxes we pay. As you probably have noticed, they get a bit touchy when you don’t pay the amount you owe or do it on time. If you owe past taxes, you are going to have to deal with the problem sooner or later. How you do it is a (read on...)
Make Life Less Taxing – Part One
Well, here we go again. April 15 is right around the corner which means it’s time to get your 2009 Income Tax done. Hopefully you’ve been working on your documentation throughout the past year but if you’re like most people, you only begin when you have to begin – which (read on...)
Taxes – What Are They, and How Can They Help Society?
This English word comes from Latin Taxo, “I estimate”. Taxing consists in imposing a financial charge upon someone. Not paying is usually punishable by law. They can be classified in direct taxes (a fee imposed directly on a person and collected by a higher authority) or indirect (read on...)
Two Kinds of Taxes
The subject of taxes is typically highly charged with political animosity. During every election cycle, there tends to be quite a bit of discussion how what the ‘right’ amount and structure of taxation should be. However, there are actually two types of taxes that people pay. The (read on...)
Why Are You Paying So Much in Taxes?
Here is a statistic that will make you mad: 55% of the corporations in this country, big business corporations, pay no taxes at all. Did they make a profit? Well, that depends on how you look at it. The real question is, did they make taxable income? The answer for these tax avoidance corps is (read on...)
Bookkeeping Reduces Taxes If You Pay Attention
I am often asked the question “How can I reduce my taxes?” There are many specific and technical things that one can do to reduce their personal income taxes such as retirement savings plans, donations, tax-free savings accounts, and the type of investments one holds. For the business (read on...)
The Outlook For Taxes in 2010
As we celebrate leaving 2009 behind, we necessarily turn towards 2010 and start considering what the future holds. For instance, what does the year hold on the tax front? 2009 was a unique year when it came to personal finance because of the unheard of tax relief given to taxpayers. There were (read on...)