Author: ChintamaniCertain forms of equity compensation provided to employees require tax withholding. Many types can be offered to non-employees, such as board members or consultants, as well as to employees. Withholding for employees is required when you are issued vested stock or when previously unvested stock vests. Withholding is also required when you exercise a non-qualified stock option like an Incentive Stock Option (ISO). The...more
Author: ChintamaniIf you had someone in your home babysitting your child who was not your spouse, your child under twenty-one years of age, your parent, or a minor child and you paid that person $1700 or more, you owe the Nanny Tax. The Nanny Tax is simply the FICA and FUTA taxes required to be paid to the Internal Revenue Service by employers. In addition to these taxes, you will most likely owe state unemployment and compensation taxes for...more
Author: Editor123The resort city of Puerto Vallarta on Mexico’s Pacific coast has everything you could hope for in a seaside vacation paradise. There’s plenty to love about this special place on Banderas Bay: miles of beaches, more sunshine than you ever thought possible and something to do every hour of the day. And to top it all, you get to set up camp in a luxurious villa Puerto Vallarta. It’s hard to imagine how your visit can be any better. Many Happy Returns It’s time to stretch your imagination, especially if you plan to do some shopping, because your hosts have put in place a special rule for guests that is bound to make you smile. Here’s the deal: tourists can file to receive a refund for some or all of the value added tax (VAT) applied to the treasures they buy in Puerto Vallarta. It’s a bit complicated but it’s worth your while to learn how it works. To begin with, you might want to look for stores and shops that participate in the Tax Back program (not all stores do, so ask if you’re not certain). Save your receipts. When you get to the airport to start winging your way home (yes, it’s a sad day when you check out of your villa Puerto Vallarta), step...more
Author: Gaurav KaushikThe traffic rush and the road blocked for long hours are famous. Those arriving at the Bangalore International Airport frequently have to pass through the slow-moving traffic which at times take hours to reach their respective destinations.Now if you are in a rush and have a bundle of money and want to have the luxury travel...more
Las Vegas is considered to be one of the most expensive cities of the world. The city is huge and is full of nothing but places of worship for people who want to enjoy the night life. There are many for whom, visiting the magnificent city just remains a dream. The strip of Las Vegas is big enough for everyone to take a taxi to travel. There are...more
There are three types of tax preparers: The competent, the incompetent and the unscrupulous. The reason? Except for California, New York and Oregon there are no standardized requirements for paid tax preparers. In California, tax preparers who are not a licensed attorney, certified public accountant (CPA) or IRS enrolled agent (EA), are required by law to register with the California Tax Education Council (CTEC). All CTEC-registered tax preparers (CRTPs) must complete tax education courses each year and obtain a surety bond before they can prepare tax returns for a fee.In Oregon, tax preparers must be licensed through the Oregon State Board of Tax Practitioners. Oregon tax preparers are required to pass a competency exam before they can prepare tax returns professionally.In 2009, New York passed legislation to mandate that its tax preparers register with the state; however, proof of education on tax laws is not required. Maryland is also working to implement legislation it passed in 2008 to require state licenses for tax preparers.Consumers in other states should be extremely careful when choosing a tax preparer. There is no oversight for tax preparers who are not an...more
Would you like to prepare Federal taxes for free? One of the best options for filing free Federal tax return is to use Free File program provided by the IRS. It is the quick, easy, and free mode to prepare and e-file your federal taxes online....more
Do you wish to prepare your tax return accurately before deadline and get fast and maximum refund possible? You need to look for the best tax preparation service online. If you explore the internet, youll come across tons of sites offering Tax...more
As the tax season comes closer, most people start thinking about how they can prepare file taxes. You can either get professional tax preparer to work for you or you can do it yourself using online tax preparation software available. More and more...more
Why more and more taxpayers these days have been doing e-file taxes online; the reason is its easy and convenient method of filing taxes. Preparing taxes using free tax software program, your tax return is more likely to be accurate and perfect. If...more
The Internal Revenue Service wants to set new rules on income tax preparers nationwide. IRS Commissioner Doug Shulman issued a proposal on January 4, 2010 citing federal regulation will help reduce fraud, improve compliance and close the tax...more
List Of Tax Deductions Often there are many things you pay tax for that you do not have to. There are many items in the list of tax deductions that are unknown by a healthy per cent of the American population. In reality these laws are...more