Category : Taxes : Business & Finance

IRS Car Donation Reduction Value

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Donating your old car can save you the hassle of trying to sell it and help a charity in the process. In addition, you can claim an income tax deduction for your donation to charity. However, the Internal Revenue Service sets rules on how much you can deduct for your old car.

How to Check a Tax ID

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A company's Federal Tax Identification Number is also known as an Employer Identification Number (EIN). This number is used to identify the business and a new company can request one, for free, from the Internal Revenue Service. As the name implies, an EIN is required whenever the company files any

Are PAC Donations Tax Deductible?

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PACs -- or political action committees -- use money from companies and individuals to influence the political sphere. From election-oriented PACs to cause-oriented PACs such as the Human Rights Campaign, these groups differ greatly in their beliefs, but all use lobbying to reach out to politicians.

Tax Facts

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Putting aside the government's hype and PR initiatives, the reason our income tax system is so successful is FEAR.Fear of being audited, fear of being assessed, fear of tactics employed to collect unp