Category : Taxes : Business & Finance

So You Think You've Paid Your Taxes?

Taxes
A taxpayer has been treated as non-resident (in the UK) for many years. He has relied on spending no more than 91 days in the UK in any one year, which has been accepted, generally as the test for residency for some time. HM Revenue and Customs (HMRC) have recently disputed this basis and the courts

How to Complete Form 1099 for Alimony

Taxes
If a divorce court ordered you to pay alimony to your ex-spouse, the Internal Revenue Service allows you to claim the alimony as a tax deduction. However, your former spouse may not realize that she must claim the alimony as income when she files her taxes. To ensure that your ex claims your alimony

IRS Fraud Penalties

Taxes
There are a number of penalties that come along with not filing adequate taxes.tax forms image by Chad McDermott from Fotolia.comWith the increase in technology, and many people filing their taxes through online sources, it has become significantly easier for the IRS to discover tax...

The Best Way to File Tax Returns

Taxes
For most taxpayers, filing tax returns electronically is far and away the best course of action. Electronic tax filing--or e-filing--is convenient and you'll probably get any refund much faster. According to USA Today, e-filing is the first choice for tax professionals as well as individuals. Better

Your Finances In The New Tax Year

Taxes
2011 is here and it’s time to follow through on our resolutions. We've made plans to improve ourselves especially our finances. In the current economic climate it is difficult to predict the consequences of financial decisions, especially when the rules of financial management are in flux

Tax Returns & College Grants

Taxes
Under most circumstances, the college grants and private scholarships you receive to help with your student expenses will not affect your tax return. This is because the federal government specifically excludes your school grant money from income tax. However, it's possible to ruin this tax-free ben

Tax Credits for Solar & Wind Power

Taxes
For those who make the switch to renewable energy (energy generated from natural sources), a number of tax credits are available at the federal and state levels for solar and wind power systems. Credits are also available for homeowners and businesses and are used for a variety of purposes.