Money>Tax

why is it that that the Honourable Finance Minister of India, Shri Pranab Mukherjee has incentivised betting and gambling . Under normal circumstances, even illegal incomes are taxed. If someone earns through smuggling or such other activities, he is bound to pay income tax on such e...

If you sell your house at a profit, you are required to pay tax on the same. This article will summarize the ways to minimise and perhaps tip to save taxes when your property is sold. You can save 100% of taxes, if you do effective legtimate tax planning mentioned in this article.

This article will provide the reader with the key highlights of the recently presented budget. The key highlights provided are only from a direct tax perspective and only that are applicable to individuals. Thus, only personal income tax that are most important are highlighted in th...

This article provides you useful tips to save your taxes. Many of you may be paying tuition fees for education of your children. But little, did you know you can save taxes by payment of such fees. This article will explain you how to save taxes by payment of tuition fees. Read on...

Every year business owners struggle to get their tax returns filed on time, which can lead to inaccurate filing or incorrect filing, hence increasing the burden of penalties. But businesses you can relax now. You have a savior. Efile form 7004 and get automatic 5 or 6 month extension ...

Stress, tension, anxiety, sleepless nights, they are all synonymous to tax season. It's no surprise when people have to pay huge penalties for late filing because they miss out on the date or don't have enough documents to file their tax return on time. But now, there is no need to pa...

With a huge onslaught of tax filing software hitting the retail shelves, the fact that tax preparation season is here is hard to avoid. Did you know that you can file federal taxes for free?

New cost basis compliance legislation for form 1099-B which was enacted in year 2008, required brokers, agents and other intermediaries to report timely cost basis information to their investors as well as IRS. The change was to raise revenue to support The Emergency Economic Stabiliz...

Are you paying too much in income taxes? Are you getting all the credits and deductions you are entitled to? Here are 7 tips to help you minimize taxes and keep more in your pocket

Parenting is one of the most rewarding, and important jobs that a person can have, in addition to being one of the most expensive. The good news is that there are two tax breaks offered by the federal government that the majority of parents can qualify for, which are the dependent exe...

Tax season is just around the corner as we all know. Each year the industry takes in and shells out millions of dollars in tax refunds and tax payments.

After retirement, retirees will have more control over their tax status they will now be able to take decisions on where to withdraw monies that were stashed away in retirement plans.

This discusses tax benefits for direct oil and gas investments

One should make sure that they transmit their tax forms through the snail mail or deliver it directly to its destination.

Selling a home can have a huge impact on one's federal taxes returns. While selling a home can be an exciting moment, it takes a lot of effort. When selling a home there are so many variables that will affect ones federal taxes, that is why it is important for an individual to consult...