Archive for July, 2011
Question: how long are we required to keep receipts etc for business tax purposes?
Tired of boxes of receipts ect. how long does the irs require
me to keep my business records?
Answer: If you never filed, there is no time limit on that year. IRS has 3 years to audit you from the date the return is filed in a civil matter. If it is filed late, 3 years from the date filed.
For the Criminal Investigation Division it is longer. Very rarely does IRS CID become involved with regular folks. They stick to drug dealers, fraudsters, and tax protest kooks.
I'd say 4 years is plenty safe on filed returns, but 7 if you are a real worry wart.
Independent Contractor, Sole Proprietor, and LLC Taxes Explained in 100 Pages or Less
Find all of the following, explained in plain-English with no legal jargon:Business Taxation 101: A brief primer on tax topics in general, especially as they apply to businesses.Home Office Deduction: How to ensure you qualify for it and how to calculate it.Estimated Tax Payments: When and how to pay them, as well as an easy way to calculate each payment.Self-Employment Tax: What it is, why it exi...
Starting an eBay Business For Dummies
The gold standard for eBay users who want to get serious about sellingWant to turn your eBay use into a steady revenue stream? Come to where everyone starts, with a copy of the latest edition of Starting an eBay Business For Dummies. EBay superstar author Marsha Collier packs the fourth edition of her mega-selling book with everything you need to know, from how to tap the explosive power of social...
Church and Clergy Finance, February 25, 1983 (How Long Should You Keep Tax Records?) (Volume 13, Number 24)
Help with Tax Bill - Business Link
Question: What should be the take home pay per month on an £18000 & £12000 salary for the tax code 502L + NI deductions?
5* to anyone who can give a breakdown of the pay aswell, thanks
Answer: Try the website below:
From what you've give, a £18k + £12k annual income (I assume that this is for one person with 2 jobs, totalling £30k?) would give you a monthly take home pay of £1,834.77 a month:
£2,500 gross, of which £418.33 tax free and £2,081.67 taxable.
£436.47 tax paid, £228.76 NI paid, totalling £665.23 total deductions.
Getting Ahead in a Just-Gettin'-By World: Building Your Resources for a Better Life
Getting Ahead by Philip E. DeVol, is a set of two workbooks for people in poverty that shows how to use the hidden rules of class to build up financial, emotional, social, and other resources. Understanding the hidden rules of the middle class and wealth, and choosing to use them, can open doors to new relationships, new jobs, and higher resources. The workbook is designed to be used as an investi...
The Legacy Of Prop 13
Question: How do you apply online for an IRS job when I have a degree in arts and social work?
I am trying to applyonline for an IRS position. I heard from a friend of a friend that IRS was hiring degreed applicants for customer service positions. I am having trouble finding the site. Thanks
How to Apply
Bailed-Out General Electrics - Generating $14 Billions in Profits, Paying $0 in Taxes
Question: Question on irs levy and noftl?
My husband and I are nearing the end of a long garnishment with the IRS. The lien and wage attachment is listed as a "joint liability" for 1996-2000. He is the only one employed. The Central lien Unit filed a lien on me only for tax years 94/95. He is not mentioned nor are they garnishing for those two years. My question is when the garnishment is paid in full, as it will be soon, must they release it.
Answer: A garnishment may or may not be for the total amount of tax liability (the amount of the lien). When the liability has been completely satisfied, the lien will be removed (there's generally a relatively small administrative fee you must pay to have your lien actually removed), but there will be no further financial consequences.
Need Help Filing Past Due Tax Returns or Fighting the IRS?