How To Handle Foreign Income Tax
Under various circumstances, United States taxpayers are expected to declare income earned abroad to the Internal Revenue Service. This is in addition to the tax code of the foreign jurisdictions where they
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Under various circumstances, United States taxpayers are expected to declare income earned abroad to the Internal Revenue Service. This is in addition to the tax code of the foreign jurisdictions where they
Generally speaking, because babysitting is a personal service rather than a business expense, you do not have to give your babysitter a 1099 tax form. Only companies give out 1099 tax forms
263A is shorthand for IRS Code Section 263A, and it details the rules used by business taxpayers to account for and capitalize their costs. Also known as UNICAP, or uniform capitalization, Section
While California does not have an inheritance tax, the state does have some special tax-related issues that affect beneficiaries. Some money gifted in death may be taxed, despite the lack of a
While a forensic audit may sound like something exciting you hear about on crime dramas like Law and Order or CSI, the truth is a little more mundane. A forensic audit is
Generally, Social Security benefits are non-taxable or are partially taxable, depending on how much income the beneficiary receives from other sources. Social Security benefits will not form part of the beneficiary’s taxable
Federal Tax Tables refer to the guides that the IRS provides annually. These guides the taxpayers on the increase, increments, decrease or any adjustments implemented by the government on their taxes. The
The tax identification number issued to an estate is the same tax identification number issued to juridical entities that are required to pay taxes such as businesses. This is referred to as
Basic Information Bankruptcy fees paid to lawyers and trustees can be either a tax deduction or not and it will depend on the type of bankruptcy filed, Chapter 7 or 13, and
The Injured Spouse Tax Form 8379 needs to be filed by the injured spouse to get back the portion of the refund that should have been theirs, but went to pay for
Have you ever loaned money to a friend or family member? And not the 20 or 50 dollars until Friday, but rather several thousand dollars that was used to purchase a home,
If you are an individual who needs additional time to complete your business tax return, you do have the option of requesting an extension of time. However, it is important to know
Every day in locations across the United States there are a number of individuals needing tax return information and forms filed during a prior calendar year. Some people need tax filing data
According to IRS.gov, corporations should use form 7004 when they need additional time to file tax information. The form is titled Application for Automatic Extension of Time to File Certain Business Income
If you regularly sell items on eBay, you might be confused about your tax obligations. Although such activity is undoubtedly commercial in nature, you might not know how you're required to categorize
If you've recently scrutinized your paycheck, you may have noticed a novel type of payroll tax: the so-called "EEGTL tax." If you're hit with this tax during a given pay period, you'll
If you're like most life insurance policyholders, you're committed to ensuring that your family remains comfortable and solvent after your death. Whether your life insurance policy is structured as a temporary "term"
With the combined costs of medical care, health insurance and life insurance rising at more than double the rate of inflation, it's likely that you're looking for a way to reduce your
If you're a sole proprietor, you probably write off hundreds or even thousands of dollars in business-related expenses each year. As a business owner, you're eligible for many tax breaks that regular
If you're named as the beneficiary on a life insurance policy, you can look forward to a substantial payout at some point in the future. If the policy in question is a