IRS Issues Tax Credit Amounts For GM Trucks

As 2006 rolls along, the IRS is in the process of issuing tax credit amounts to particular hybrid vehicles. The agency has just issued the amounts for a number of GM vehicles.

IRS Dictates Employee Withholding Amounts

IRS regulations now allow it to dictate to an employer the withholding rate for an employee without regard to the employee's W-4 or situation. This needs to be read by every employer!

Little-Known Tax Deductions from a Voluntary Employee Benefit Association

If you are a profitable business owner and you want a large tax deduction, there is a defined-benefit plan known as a voluntary-employee benefit association (VEBA) that can substantially reduce taxes and accomplish other business planning goals. A VEBA, if done properly, not only allows deductible contributions, but money can come out of the plan tax-free for health and welfare expenses.

IRS Problems

The IRS, or the Internal Revenue Service, is a tax collection and tax-law enforcement agency that is a part of the US Department of the Treasury. Barring a small minority of intentional tax evaders, most taxpayers pay their taxes punctually, correctly, and honestly. Despite honest intentions, problems do arise. This may be due to incorrect reporting, or incorrect calculations leading to underpayments or overpayments. The IRS does not take these lapses kindly. There are harsh penalties and fines in store for tax evaders and those who have underpaid their taxes.

Filed Your Google Adsense Taxes Yet?

Google adsense just like any other job requires you to pay tax on your earnings. But many people are getting in trouble for not doing so.

Tax Debt Help

Tax debt is another form of debt many people fall into. They have the Internal Revenue Service breathing down their necks to recover their dues. However, tax dept helps in solving your tax debt problems.

Buffet Speaks for Retention of Estate Tax

Billionaire Warren Buffet called on U.S. lawmakers to retain the estate tax in a speech on Monday.

Per Diem Rates and Business Taxes

The tax code for the United States is over 50,000 pages. Buried in this code is the subject of per diem rates, a topic that can save businesses money on their taxes.

Study Shows New Tax Rules May Hurt the Economy

The Center for Freedom and Prosperity Foundation has released a research study that indicates Section 911 may hurt the economy.

US House to Continue Fight for Reduction of Estate Taxes

Legislation has been introduced into the US House of Representatives that would reduce the number of Americans subject to the estate tax.

Franchise Owners - April 15 Makes You Think About Your Taxes

If you own a franchise business, then there are a few taxes that you are need to pay to make sure that your business runs smoothly and you ...

IRS Audit: What to Watch Out For; The Self-Employed Are in the Bullseye

According to latest reports, the Internal Revenue Service, or IRS, is increasing the total number of income tax returns selected for audit. But it isn't as bad as it sounds, because the audit rate has actually gone down.

What To Do If You're Being Audited

Audits are regularly issued by the Internal Revenue Service (IRS). There are two main reasons why an individual or business may be audited by the Internal Revenue Service (IRS). Random audits are not...