The Chances of Getting Audited for Taxes

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The Internal Revenue Service audits individual and business tax returns to identify possible instances of noncompliance with tax law. Usually, selection for an audit means that the IRS believes you might have under-reported your income or over-reported your credits or deductions, resulting in an und

Real Property Tax Reduction

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Did you know that 60% of all real property owners are over assessed by their city? And more disturbing, less than 2% of all tax payers appeal their property taxes? Of the 2% that do actually appeal 70% of them win some type of real property tax reduction.

What Is a Trust Officer?

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A trust officer is a salaried employee of a trust company, bank or investment management firm that offers trust services. Trust officers administer and manage trust accounts and ensure that trust account administration is in compliance with federal and state laws.

The Best Tax Approach for Real Estate Income

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Investment real estate properties can be subject to a number of different types of taxes. Income tax, capital gains tax and even depreciation recapture tax all affect real estate. Luckily, though, owners with a good tax management strategy can defer and even avoid paying a number of these different

Is My IRA Safe in a Personal Injury Lawsuit?

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Individual Retirement Accountd are tax shelters that afford significant protection from the payment of income taxes. Your IRA also provides certain legal protections for some types of lawsuits. One lawsuit, however, that may leave you poor at retirement is a personal injury lawsuit. Make sure you un

Need Help With Federal Tax Brackets 2011

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The more you make, the higher your Federal Tax Brackets 2011 goes.Or so a good number people think. Tax bracekts, just like everything else involving the IRS is much more convoluted than that. There are hidden taxes and concealed tax rates.Anthony Parent, tax attorney and founder of IRSmedic, clears

Advantages Of Hiring Tax Consultant

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Hiring the tax consultant for your business will prove to be beneficial to you. Are you finding it difficult to keep yourself updated with the changing law rules and regulations?

Tax Return Preparation and Data Confidentiality: Obligation of Tax Preparer

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This article speaks about the responsibility of a tax preparer and the change in rule by IRS pertaining to obligation of the tax preparers in disclosing data of tax payers to third parties.

Stream Line Your Business Tasks With Invoice Template

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Business invoice are generally the records of your sales transactions and critical to your company's credibility. Invoice templates are differing from business to business and track record of your products and services in a detailed way.

Can You Do a Credit Repair in 72 Hours?

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Significant credit repair takes a long time. It is based on your credit history and records, which are assembled and kept for years. These factors include how much debt you have outstanding, what your revolving credit payments are, your timeliness in payments in the past, whether you are in default

IRS Tax Credits for Children

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When filing income taxes each year, knowing what credits are available can help taxpayers maximize their refunds. The IRS offers credits for a number of purchases, payments and circumstances that are designed to lower the tax obligation of consumers. Also available are tax credits for...

Tax Credit for Caring for a Disabled Adult

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The Internal Revenue Service recognizes that some taxpayers carry the financial burden of extraordinary expenses. Caring for a disabled adult is one such expense. It qualifies you for the dependent care credit, which you can deduct from your tax bill after you figure out how much you owe.

Tennessee Bankruptcy Laws & Creditor Judgments

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People who live or work in Tennessee for at least six months can request debt assistance through their nearest branch of the U.S. Bankruptcy Court. Most Tennessee residents choosing formal debt relief either file for financial liquidation under Chapter 7 or a Chapter 13 partial repayment plan, notes

Considering a Contract with a Minor? Be Very Cautious

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Discussion of the issues related to entering into a contract with a minor. A minor can disaffirm or void a contract, leaving the other party in a difficult situation.

How Does the Home Buyers Tax Credit Work?

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An $8,000 home buyer tax credit made it possible for millions of home buyers to receive a credit that encouraged many to become part of home ownership. The credit was further extended for those individuals that may have already owned a home but the credit was reduced. This credit reduces taxable inc

Doing Your Own Taxes

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Taxpayers should seriously consider the time commitment it takes to slog through directions for completing their tax returns themselves. Sorting out changes in tax laws is only half the battle when completing a return. Significant financial changes in people's lives can change their tax filing requi

The Types of Verification Needed for Pregnancy While on Medicaid

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Medicaid helps low-income individuals and families pay for health care. Pregnant women who are on Medicaid or want to apply for Medicaid must provide proof of their pregnancy to receive coverage for pregnancy-related expenses. Although Medicaid is a state-run program, the verifications...

The Average Salary of K-9 Handlers

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Canine handlers work with specially trained police dogs to collar criminals and sniff out drugs or explosives. These officers often form a tight bond with their dog, allowing them to work together even more effectively. In the late 20th century, a series of court rulings led to salary increases for

Can I Deduct a Cash Donation Without Receipts?

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While a good deed might be its own reward, the Internal Revenue Service sweetens the pot with a tax deduction for charitable donations. However, the IRS does not go by the honor system, otherwise people could falsely claim charitable donations. Thus, you always need a receipt for a donation, even so

Tax Tips For College Graduates

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Now that school is over and you have graduated, it's time to jump into the real world of work and taxes.Here are a few tips just for you.