Tax Law

You may have paid your federal taxes late, and are now being charged hefty penalties by the Internal Revenue Service. If you don't feel that you should be held liable for the tax penalties, you...

Land transfer tax is excised when a buyer purchases land or interest in land. Land can be identified as future construction, buildings and home improvements such as appliances or cabinetry. The...

The foreign tax credit is a deduction from your U.S. federal income tax of all taxes that you paid to foreign governments on your taxable income during the tax year. Such payments may arise from...

There are several different forms of tax relief available from the the Internal Revenue Service. Some of them absolve you of interest and penalties, and some merely suspend collection activities...

Tax attorneys are lawyers who specialize in US tax law. When a taxpayer has problems with the Internal Revenue Service (IRS), or the state department of revenue, he or she may need to hire a tax...

An individual is assumed to be a resident of a locality or of a property when it is their sole residence. However, when an individual has recently relocated or more than one property is owned,...

Taxes. Who's got time for all that paperwork? If you are like most people, you get a migraine at he the mere mention or thought of gathering up all those receipts, decoding the tax forms, and...

Municipal taxes are taxes levied by local governments and typically take the form of property taxes. They pay for a number of civic needs.

Businesses that operate for a profit may deduct expenses incurred in attempting to generate a profit. However, the Internal Revenue Service (IRS) may classify some activities as a hobby; IRS rules...

If you owe back taxes, the IRS may file a federal tax lien on your assets. Federal tax liens are filed with the county recorder's office, and give notice to the public that the IRS has a secured...

Are you confused with tax terminologies? Do you wonder if you qualify for a certain deductible? These are one of the reasons why people hire a tax preparer. Once you decide to hire one, these...

The Internal Revenue Service's Form 941, also known as the Employer's Federal Quarterly Tax Return, is the form employers use to pay employment taxes and indicate the number of employees working...

A replacement levy is a revision to a levy that has been approved. There are numerous reasons why a town would propose a new version of an existing levy.

If you lose your job and attempt to file an unemployment claim, discovering that your former employer did not file required employment taxes through Form 940 can be an unpleasant surprise....

The Forest Stewardship Council (FSC) is an international nongovernmental, nonprofit organization established in 1993 to promote responsible forestry management worldwide. It is a certification...

The Internal Revenue Service (IRS) requires you to pay federal income tax on all your income in a given year. Generally, most people complete their income tax return based on their income from a...

The Internal Revenue Service (IRS) allows taxpayers to donate to qualified charitable organizations tax-free, within certain limits. Some donations are deductible, however, and some are not. It is...

If you run a nonprofit business, donations that you receive may be tax deductible for the donor. You are responsible for giving them a written statement that documents the amount of the donation....

U.S. taxpayers are taxed on their worldwide income. Nevertheless, if you are a U.S. taxpayer who earned income while abroad during the tax year, special taxation rules will apply in order for you...

Hiring a Tax Law Attorney to help you when faced with tax issues and the IRS is highly advised. A good tax law attorney can help to calm your fears of the IRS and meet them on a legal playing...

Many people find themselves in the position of being full-time or part-time employees but also doing some freelance or consulting work on the side. While the extra money can help with the family...

One of the benefits that the IRS offers those who want to help others is the option of starting a nonprofit business. When it is filed for correctly and certain rules are followed, nonprofit...

Donating to charity can be a wonderful experience, both for the organization to which you've donated as well as for your taxes. The IRS has rules in place regarding what is allowed as a deduction...

All 2009 taxpayers will be given a new set of forms to file and some may greatly benefit from the changes to the credits and deductions for 2009 taxes. One of the main goals is to bring the...

Do you know where to begin when selling structured settlements? What does that even mean? I'm certainly no expert, but here is what I learned from doing a few simple online searches. Before you...

When a U.S. federal taxpayer fails to file a return or pay his taxes on time, the Internal Revenue Service is entitled to place a levy on all of his property, including real property, personal...

Real estate property taxes are a fee levied on the fair market value of a piece of land, which also usually includes anything on it, such as a house.

Paying income tax may be something that no one looks forward to, but it is required of every citizen under United States law. Failure to pay income tax or paying income tax incompletely can result...

Federal tax ID numbers are also called Employer Identification Numbers, or EIN for short. It is mandatory to obtain a federal tax ID number when setting up or registering a new business, even if...

Collecting back taxes can prove to be a challenging endeavor. Nonetheless, there are tools and resources available through which the process can be made easier. Taking advantage of all available...

The Internet has streamlined many areas of your life that used to be bogged down by paper and legwork. Through the Internet, you can pay your bills, purchase items, and even file your own taxes....

One way of improving your credentials as a self-employed individual is to obtain training and education. While this can represent a significant expense of both time and money, the benefits often...

Whether you are doing your own taxes or having a professional do them, you will need your employer's state tax identification number in order to file taxes in your state. It is generally a good...

Personal tax returns, as confidential documents, are exempt from Freedom of Information laws that allow public inspection of records. However, tax returns for every type of tax-exempt organization...

Certain taxpayers with a dependent can qualify as a head of household for income tax filing purposes. Those who file as a head of household may pay less in taxes by getting a reduced tax rate and...

"Oops! I'll fix that" is usually not good enough when a mistake is made on your Federal taxes. Maybe economic impacts caused short payments on quarterly taxes. Whatever the cause, when the...

Filing Excise tax for WA is a relatively easy process as long as you are aware that the Business and Occupation Tax is due on all revenues created in the state of Washington, however you may need...

In 2009, about 9 million people in the U.S. were considered self-employed. This type of earner has a more complicated set of tax codes than a regular wage earner.

If you plan to operate a business that will not be for personal gain, you will want to form a not-for-profit corporation according to the laws of your state. However, if you want your...

Every taxpayer is responsible for making sure that enough money is withheld from his paycheck for income taxes. If you don't have enough withheld, you could be hit with a range of penalties.

Employees normally have taxes withheld from their paychecks. Many people, however, receive income from sources that do not withhold taxes (this is common, although far from universal, among...

We all want to make doing our taxes as easy and painless as possible, right? Here are some things that you may not have thought of or known about when getting ready to do your taxes that will...