Fringe Benefits – Manufacturing Tax Tips What is a fringe benefit and how does it affect my taxes? Inventory – Manufacturing Tax Tips How do I value my inventory? Excise Taxes – Manufacturing Tax Tips… Read More »Manufacturing Tax Tips
With 2009 nearly half over, the Internal Revenue Service reminds individual taxpayers there is no better time to check their 2009 federal income tax withholding levels to make sure they do not face any surprises… Read More »Check Withholding to Avoid a Tax Surprise
The following sections contain general information about partnerships. Organizations Classified as Partnerships An unincorporated organization with two or more members is generally classified as a partnership for federal tax purposes if its members carry on… Read More »Forming a Partnership
Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes and awards.… Read More »Estimated Taxes
Taxpayers who buy a new car or several other types of motor vehicles this year may be entitled to a special tax deduction when they file their 2009 federal tax returns next year. The tax… Read More »Seven Facts about the New Sales Tax Deduction for Vehicle Purchases
You probably already keep records in your daily routine. This includes keeping receipts for purchases and recording information in your checkbook. Keeping these and other records will help you avoid headaches at tax time. Good… Read More »What Tax Records to Keep
This section discusses self-employment tax. The list of items below should not be construed as all-inclusive. Other information may be appropriate for your specific type of business. What is Self-Employment Tax? How to Pay Self-Employment… Read More »Self-Employment Tax
You can receive income in the form of money, property, or services. This section discusses many kinds of income that are taxable or nontaxable. It includes discussions on employee wages and fringe benefits, and income… Read More »What is Taxable and Nontaxable Income?