Homeowners who purchase high-efficiency heating and cooling equipment may benefit from legislation recently signed into law.
Last August, President Bush signed the Energy Policy Act of 2005. The act includes the home- energy efficiency tax credit, which offers homeowners as much as $300...
Organizing your taxes can get quite nerve-racking. This is the main reason why many people would find some assistance in preparing their taxes.
When you file your taxes, you can find someone who can do the job for you. Look for a person who is knowledgeable, an experienced expert with...
For many Americans, the 2005 tax season will tax the nerves, take a lot of time and maybe cost a bundle, too.
Happily, there are ways to make doing taxes a lot faster, stress free and, possibly, cost free.
This is all possible because a tax industry maverick has broken down the...
Americans are speaking out against a proposal by the Federal Communications Commission (FCC) that could raise millions of people’s phone bills. The proposal by FCC Chairman Kevin Martin has to do with a tax called the Universal Service Fund (USF).
The USF tax was established to...
As an employer, you must pay employment taxes if you have employees. Fail to pay and the IRS will rain all over your parade.
Penalties
If you have employees, you absolutely must deduct and withhold various taxes from the paychecks of your employees. Since you are deducting money...
If you have employees, you are responsible for paying a variety of taxes at the federal, state, and local levels. You must also withhold certain taxes from the paychecks of your employees. So, what are employment taxes?
Employment taxes include the following.
1. Federal income tax...
If your business has employees, you must pay employment taxes. The payment system can be a bit confusing, so this article discusses how to go about depositing employment taxes with the IRS.
Depositing Employment Taxes
To pay employment taxes, you must deposit the money with the...
Many companies offer their employees cash incentives to undertake certain actions such as buying a hybrid car. It is important to remember that such situations have tax consequences
Employer Cash Incentives To Employees For Hybrids
Purchasing a hybrid vehicle makes sense on many...
Is higher education costing you a fortune? There may be a way to help pay for those costs with the help of education tax credits. What are education credits, who is eligible, and why should we take them? Well, lets start with the first part of the question, and work our way to the end. ...
An early distribution from an Individual Retirement Arrangement (IRA) or a qualified retirement plan need not be a taxing experience. Fortunately, there are exceptions to early distributions.
Any payment that you receive from your IRA or qualified retirement plan before you reach age 59...
Donating a car to charity is not that difficult. However, you need to be aware of the tax regulations before you donate your car to a non-profit organization. The IRS provides some general rules of thumb on car donations:
Starting in 2005, if the claimed value of your donated car exceeds...
On June 3, 2005, the IRS released guidance on charitable deductions for donated vehicles. The American Jobs Creation Act (AJCA) radically changed the amount of the deduction taxpayers can claim for their donated car.
Fair Market Value v. Actual Sales Price
When donating a car to...