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How to Report Sales Tax Evasion

How to Report Sales Tax Evasion

Sales tax evasion is a serious issue. States use the money collected in sales taxes to fund state run programs, centers, parks and assistantships. When someone engages in sales tax evasion they are taking money out of those state run programs that are so vitally important to the community of any sta
What Is Considered Real Property by the Government?

What Is Considered Real Property by the Government?

Determining what is and what is not real property is important in real estate transactions. Although definitions may vary by state and area, all real property does share several characteristics.
How to Compute Federal Income Tax

How to Compute Federal Income Tax

Every year all residents of the United States are required to pay a federal income tax based on their annual salary. Tax brackets change every year, so it is important to find out the exact tax brackets for the given year. You can find these tax brackets at the local post office, as well as all nece
Massachusetts State Income Tax Law

Massachusetts State Income Tax Law

The Massachusetts Department of Revenue enforces Massachusetts tax laws, including state income tax laws, which tax different types of income at different rates. All eligible Massachusetts residents must file personal income tax returns by April 15 each year unless they file for an extension.
Emergency Tax Relief Act

Emergency Tax Relief Act

The Emergency Tax Relief Act, also known as the "Katrina Emergency Tax Relief Act of 2005" is a federal law that offers tax relief for Hurricane Katrina victims. The act not only applies to those individuals directly affected by the storm, such as homeowners, but also provides assistance to others,
How to Fax Forms Used to File Taxes

How to Fax Forms Used to File Taxes

While Internal Revenue Service (IRS) fax guidelines have gotten stricter over the years, you can still fax most tax forms to the government for processing if you make prior arrangements. If you don't want to electronically file taxes, fax provides a faster return process than the mail and allows you
Tax Relief on Pension Payments

Tax Relief on Pension Payments

Retirees can keep the benefits from pension investment by protecting income. Tax relief is available for the gains made on salary investment. A pension plan is an investment that secures the amount saved for retirement during a worker's work life and gains income benefits that are taxed. Tax is defe
Can I Gift My Brother Cash Without Taxes?

Can I Gift My Brother Cash Without Taxes?

When you make a gift of cash or any other asset to your brother, you may be charged tax based on the value of the gift. Small gifts of cash will have no tax consequences; however, the Internal Revenue Service tracks gifts over $13,000. You will need to report cash gifts over this amount and may be c
What Is a W-2 Tax Form?

What Is a W-2 Tax Form?

A W-2 is a tax information statement filed by your employer with the IRS at the end of each year. The W-2 reports to the IRS a summary of your tax information for the year.
How to Apply for a Colorado Sales Tax ID

How to Apply for a Colorado Sales Tax ID

Congratulations! You're starting a business in Colorado. This is an exciting time. In order to legally start a business, you need a Colorado sales tax ID number. This is easy to get from the Department of Revenue. With a trade name and a few forms, it's easy to get your sales tax ID. Then you'll b
How Do I File Late Tax Returns?

How Do I File Late Tax Returns?

Filing late tax returns can lead to additional penalties. The Internal Revenue Service (IRS) does not normally send people to jail for late returns but strongly recommends to voluntarily correct any delays in filing. If there is any chance your tax return may be late, you should file for an extensi
How to Calculate a CITB Levy

How to Calculate a CITB Levy

The CITB (Construction Industry Training Board) was created by the South Australian Construction Industry Training Fund Act of 1993 to help provide construction training programs across South Australia. The CITB collects a levy on all new construction in South Australia to support these training pro
4868 Form Instructions for IRS Filing

4868 Form Instructions for IRS Filing

Form 4868 is the form used by U.S. taxpayers to request an extension for filing their income tax return. An extension simply prevents late penalties from accruing, but not the interest. If a taxpayer receives an extension and files his tax return six months later, noting that he owes income tax, he
Schedule C Filing Rules

Schedule C Filing Rules

Business owners must show yearly profit or loss by completing a Schedule C.TAX TIME image by brelsbil from Fotolia.comSchedule C is the form used by the Internal Revenue Service for taxpayers to report profit or loss from a business they own. Not only does a Schedule C tell the government...
Laws About Getting Donations for Building a Church

Laws About Getting Donations for Building a Church

Eventually, most churches find the need to build a new church, either to have more space or to replace an outdated or broken-down building. Raising the amount of funds needed can be daunting. In addition, churches must be sure they are operating their fundraising activities within established laws.
What Can I Claim as a Hobby Expense?

What Can I Claim as a Hobby Expense?

The Internal Revenue Service (IRS) does not allow you to directly deduct hobby expenses because that would make everything from vacations to collecting stamps a tax deduction, but there is a way to deduct some hobby costs. However, you have to monetize your hobby in some manner. You may be able to t
Rules & Regulations for Selling Food Items Online

Rules & Regulations for Selling Food Items Online

Follow the rules and regulations for selling your food items over the Internet.canned tomatoes image by Cinderella Morff from Fotolia.comIf Grandma's chutney recipe or your own homemade salsa could become the next hot Internet food item, then you'll need to follow the rules and...
Tax Write-offs for Grandparents Caring for Grandchildren

Tax Write-offs for Grandparents Caring for Grandchildren

The IRS outlines several tax credits to offset the costs of raising children. All of these credits apply to qualifying grandchildren living with grandparents. Grandparents may claim grandchildren as dependents as well as receiving tax credits for each child living in the home. Other credits for depe
Federal Tax Information for Day Care Providers

Federal Tax Information for Day Care Providers

Daycare providers need to be aware of the federal income tax information that pertains to their profession. They must ensure that their tax preparers are aware of this information too. The Internal Revenue Service allows daycare providers certain allowances, exemptions, provisions for depreciation,
Does a Revocable Trust Avoid Inheritance Tax?

Does a Revocable Trust Avoid Inheritance Tax?

The Internal Revenue Service imposes an estate tax against the estate of some deceased people. The federal estate tax is commonly referred to as inheritance tax. In an irrevocable trust, the donor makes a contribution that cannot be reversed or altered at a later date. Irrevocable trusts are exempt