What to Do If You Haven't Filed Taxes in Years

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Taxes : Business & Finance

How to Find Out Taxes in a City

City taxes, sometimes referred to as local or municipal taxes, are levied by governments to pay for the day-to-day operations and services you take advantage of as a citizen. These taxes pay for schools, garbage pickup and law enforcement, just to name a few services. Differences abound on the types

Self-Employment Tax Withholding Requirements

Self-employed workers make estimated tax payments.computer worker image by PD-Images.com from Fotolia.comSelf-employed workers pay federal and state income taxes by making estimated tax payments. The self-employed pay self-employment tax in addition to income tax. Self-employment tax...

Fbar Penalty: Report It Correctly

Even if you do not owe taxes from an earlier year you must still file the right FBAR Penalty as the penalties will still apply. You must never try to evade filing these forms unless you are willing to risk serious consequences that involve prison. Because the guidelines and rules regarding the filin

About Capital Gains

Investors and homeowners are all too familiar with the hows and whys of capital gains. Understanding how capital gains affect your overall tax burden means fewer surprises at tax time--and less frustration. Here we will cover what qualifies as a capital gain under United States tax code guidelines,

Laws in California on Hindering a Secured Creditor

Although California consumer protection laws place strict regulations on creditors and collection agencies, the state also requires its residents to comply with the penal regulations covering deceptive practices by consumers in an attempt to hinder a secured creditor's attempt to collect its loans o

Do Recipients of a Gift Tax Exemption Owe Income Tax on What They Received?

Congress generally frowns upon attempts to transfer large amounts of wealth without paying some sort of tax on the transfer. For this reason, Congress has set up a series of laws limiting the amounts one taxpayer can transfer to another via death -- which is subject to potential estate taxes -- and

Tax filing Ozone Park Your Tax Direct or Indirect

Type of Tax let one identify how the Tax Filing New York will be taken care of .Direct Tax are a must for the Tax payer but somehow Indirect Taxes can be avoided if any alternatives are known .This is

Report on Federal Funding for Private Contractors' Employee Retiree Benefits

The Government Accountability Office (GAO) released a report in June 2011 that delineated the government funded retiree benefits for private contractors' employees hired by the government. Various departments of the federal government have been paying for Healthcare and pensions for these emplo

How to Look Up Tax Return Information From a Previous Year

The Internal Revenue Service (IRS) provides free transcripts of your past tax return information. If you need a transcript, you can order by phone or mail from the IRS. You can get either a tax return transcript or a tax account transcript. A tax return transcript shows the majority of line items as

How to Itemize a Deduction Schedule

You can handle deductions of your federal taxes in two manners. The first is to take the standard deduction, while the second is to itemize your deductions. Itemizing means that your forgo the standard deduction and instead add up all of your expenses that the Internal Revenue Service (IRS) will all

How to Pay Taxes on a Mobile Home

Property taxes, which include mobile home taxes, are assessed by your municipality and are based on the value of the mobile home. A county or municipal assessor places a value on the home and should notify you annually of any change in the valuation. Some municipalities require two payments per year

Why Do You Pre File Form 2290 And Pay HVUT?

Every time you are driving the heavy vehicle on the public highway, the weight of the truck brings in wear and tear to the highway. That is when the concept of heavy vehicle used tax ...

Adjustments Made to the 2011 Standard Mileage Deduction Rate

In June 2011, the IRS announced a mid-year standard mileage deduction adjustment to provide some relief for the continually rising fuel prices. The IRS traditionally provides mileage deduction rates once, around fall time, to cover the preceding tax year. However, very rarely, the IRS does provide m

How to Get a Business ID

A lot of time, energy and effort goes into opening a new business and one of the items most imperative to add to your to-do list is applying for a business ID, or a federal employer identification number (FEIN). The Internal Revenue Service uses EINs to identify businesses in the same way Social Sec

Tips About IRS Tax Form 1099-MISC

If you are self employed, Form 1099-MISC is of vital importance to you. If you receive a form quoting wrong details or if you do not receive the format all, what to do? Don't panic. Here is some help for you.

About the Recent Court Ruling Against IRS Oversight of Tax Preparers

For the past couple of years the IRS has taken steps to implement an oversight process designed to ensure the competency of tax practitioners to assure greater accuracy in the preparation of individual tax returns. The IRS based its authority to implement the program on a law enacted in 1884 that al

What Is A Tax Return?

A tax return is a prominent part of taxation for most Americans. For those who don't own property and don't have much income beyond a typical job, it may be the only element of their ...

If I File the Previous Year's Taxes Will the IRS Stop Garnishment?

If you owe a tax debt to the IRS and do not arrange a payment plan and make payments toward your debt, the IRS can seize your property to pay for the debt. This includes seizing your house, car or other property, or garnishing your wages, bank account, retirement account or other account. If the IRS

Tax Deductions When Taking a Loss on the Sale of a Home

Putting your home on the market at a time when there's more supply than demand may require you to accept a price that's less than your original cost. When this occurs, the IRS allows you to use that capital loss to offset current and future capital gains. In addition, a tax deduction is available fo

What Is the Effect of Marriage on Taxes?

Marriage is one of the most important financial commitments that you can make in life. Marriage introduces significant tax ramifications, beginning with your new joint income as a couple. While summing up your total income, it is critical that you also understand how to calculate what is actually ta