Indian income-tax-return-filing-for free 2009
I am going to help all as to how to file income tax return online for free and who has to file which ITR forms.Return preparation software in Excel format has now been released for ITRs 1, 2, 3,and 4.
Category : Taxes : Business & Finance
How to Refile Sales Tax
Owning a small business can be complicated in many respects. Sometimes owners, especially new owners, can make mistakes when filing the all important sales tax return. These owners, however, should not be afraid. Refiling a sales tax return is a simple process. While not a substitute for a good acco
The IRS & Madoff Investors - "Theft Losses" Ponzi Schemes
Thousands of Taxpayers have been victimized by dozens of fraudulent investment schemes.These too-good-to-be-true investment uses have often taken the form of so-called Ponzi schemes.
Are 401k Deductions Tax Deductible?
401k plans provide an easy, tax-deferred way to save for retirement; both the employer and the employee benefit from these plans. Since contributions to 401k plans are pretax and not included in your income, they cannot be deducted as IRA deductions. You may, however, qualify for the Savers Credit.
How Can I Get Out of the AMT This Year?
So the Alternative Minimum Tax bug bit you again in 2009. You sit there looking at your tax return trying to figure it out. Is there a way to avoid the AMT, or are you stuck in it for life?
How To Report Income Tax Fraud
Income tax frauds are generally categorized into two types -- personal income tax fraud and business income tax fraud. In the case of business income tax frauds, the owner of the company may use his corporate credit card for expenses related to his family; like paying for family vacations; and then
What Is an IRS Penalty?
The IRS has outlined tax penalties in the Internal Revenue Code. These IRS penalties are supposed to encourage "voluntary compliance" from taxpayers. The IRS has over one-hundred and forty different federal tax penalties. IRS penalties ...
The Tax Deductions for Home Improvement in New York
A homeowner in New York considering making an improvement to his home should consider the available tax benefits resulting from certain home improvements. When Congress passed the American Recovery and Reinvestment Act of 2009, the bill included a variety of tax breaks for energy-efficient home impr
IRS 1040A Questions
The 1040A is one of three editions of the most common individual tax form. It is a shortened version of the main form -- the 1040 -- aimed at people with relatively simple tax affairs and for whom some 1040 questions would be irrelevant. There is an even simpler alternative for those with very basic
LLP Tax Treatment
A limited liability partnership (LLP) is a partnership in which limited partners enjoy limited personal liability, and at least one general partner has unlimited liability. The IRS does not have a separate tax classification for LLPs -- they are taxed as general partnerships. An LLP is also subject
How to Handle Deducting Depreciation and Current Expenses on Your Tax Return
When it comes to filing your taxes, it is important to deduct every expense associated with your business in order to receive the maximum refund. For the purpose of tax forms, there are two types of expenses associated with operating a business: current expenses and capital expenses. Current expense
Ohio Tax Refund Information
Waiting for a tax refund can be a tiresome process, but knowing when to expect your refund check makes the wait a bit easier. As of 2009, Ohio individual taxpayers can file returns either through the mail or electronically. The manner in which the tax return is filed and when it is filed determine h
Expiring "Bush Tax Cuts"
The two pieces of legislation that are referred to as the "Bush Tax Cuts" are Tax Relief Reconciliation Act of 2001 and Growth Tax Relief Reconciliation Act of 2003. The bills included across the board tax relief for American taxpayers. There is no debate that the two pieces of legislation
Tax Tips for HS Teachers
Hemera Technologies/AbleStock.com/Getty ImagesWhen tax time rolls around, everyone begins looking for deductions as a way to lower their taxable income so that they will owe less tax and hopefully get back a larger refund check. High school teachers have a large deduction available to...
How to Find the Right Tax Preparation Service for You
What should you look for in a tax preparation service? Since there are so many tax preparers to choose from, it only makes sense that you know what you need before making a decision. Here are three essential qualities that any reliable tax preparation business will have.
Debt Settlement & Tax Filing
Negotiating a settlement with a creditor leaves many debtors breathing a sigh of relief – but don’t think you can forget about the remainder you owe just yet. The unpaid portion of the original balance you owe does not disappear when you settle with the creditor. The creditor has the rig
How to Get a Tax Break When Buying a House
Depending on your state of residence, you may qualify for a tax credit, which can reduce your household's tax burden. In states such as Ohio, you can reduce your tax burden every year for the life of your mortgage loan, whereas in states such as California, you can reduce your tax burden for a succe
Turbo tax and Inflation rate: The Coming Onslaught --PART ONE
There is another aspect of America's retirement crisis that needs to be addressed. It involves the coming onslaught of increased Turbo taxes and inflation rate.Our government leadership has p
When Does Medicare Withholding Stop?
In addition to federal income taxes, your employer withholds Social Security and Medicare taxes. Your employer matches the Social Security and Medicare and forwards these taxes to the Internal Revenue Service. When you reach $106,800 in income in a calendar year, you do not have to pay Social Securi