Category Archives: Taxes
Finally the Finance Minister Mr. Pranab Mukherjee speaks about the future of the Goods and Service Tax and the words spoken by him were not surprising at all.
GST is unlikely to be implemented from the scheduled date of April 1, 2011. Now he is looking forward to roll out the Goods and Services tax simultaneously with the Direct Taxes Code (DTC) from April 1, 2012. The main reason for this is the Constitution Amendment Bill which was not tabled in the Monsoon session due to lack of conse......
Not only is this decision causing a rift between senate democrats and the Obama White House, but this decision is having a measured effect on bond yields. Obama is now feeling the wrath of rogue bond investors. These investors are concerned that this move to extend tax cuts will increase the federal deficit to record levels. We are seeing bond traders now making an impact and, it is no coincidence between this recent backup in bond yields and concerns that the Obama Administration finds it......
Can H1, L1 visa worker tax situation be treated like ordinary Tax Payers filing 1040 Tax Return or does it require any special treatment? Most of the popular tax software and tax consultants may treat H1, L1 1040 tax returns no different than ordinary US citizen Tax Returns. However, IRS regulation allows for special treatment in case of temporary workers in the US. There are specific guidelines in the IRS code to determine the tax status as well as calculate deductions based on special co......
What will you do when the deadline for taxes comes closer and you have yet to complete your return? You need not worry now even if you have not completed your taxes yet, as there are online tax preparers available at your service to your advantage. Yes, you can quickly and effortlessly prepare your income tax return online with the help of efficient and qualified Income Tax Preparers.
If you want to become free from worries regarding not to get penalties for late filing, you need to expl......
When the tax time is around you and you require taking care of your Federal income tax return within a short span of time, then you have no more powerful and reliable option than doing it online. Federal returns can be prepared and filed online for free. The IRS is the right source for all sorts of information related to taxes which can be viewed at irs.gov website at anytime you please. You may increase the chances of getting your refunds quickly and safely if you prefer to complete your ......
There is a well known saying that: “time and tide wait for no man” – and as we have entered 2010 already, the 6th of April is fast approaching, meaning that we’re about to see the introduction of a 50% tax rate and are now only weeks away from the UK moving back into the realms of being a very high tax country.
There has been much discussion in the media about how the full impact of this tax increase can be averted, with some individuals, companies and even business secto......
On 7th of September 209, the president of the United States ordered the Congress to expand and extend the development and research credits for increasing the growth of the jobs and not only to increase the economy but also the taxes, that are paid by the business companies. The RD (research and development) credits were come into its end on the start of December.
In United States, the research and development tax credits were served by Freed Maxick. RD tax credit could be claimed by the se......
There are some people who believe that non-payment of taxes can save them money. But do you know that if you religiously comply with the IRS payment plans instead of running away from it can save more money in the long run? The government needs the taxes from its citizens and the IRS has been putting all its efforts in trying to collect as much money in order to finance the various programs of the federal government. Non-payment will only lead to additional interests and penalties plus, yo......
Calculation of taxes online or physical is not a funny job; there are no options available for it. There are many problems and issues that need to be discuss into consideration when taking these calculations of income in mind. Current generation have the opportunity to using of a free tax calculator to get you with the process of calculation all your various taxes.
All amongst the various types of tax helps that you can be able to search on the internet is the best option for calculator. T......
It is possible to get more return on your taxes if you know about all the deductions that you will be eligible for. Read on to learn about a few deductions that you may not be aware of.
If you have been wondering how to get more return on your taxes then you should know that there are quite a lot of deductions that most people do not know about and they do not take advantage of. Taxes are necessary evil and cannot really be avoided. However, most people would not really enjoy giving away t......
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