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
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 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?