Retiring or leaving the company–How to Properly do an IRA Rollover Whether you are retiring or changing jobs, you need to know what to do with your employer sponsored retirement plan before your leave. Once you leave a job for whatever reason, you can choose to: What’s your Reaction? Love Love 0 Smile Smile 0 Haha Haha 0 Sad Sad…
Tag: Tax
Is Your Ebay Income Taxable
The income you get from selling items on eBay is just like the income you get from any other business: it is taxable, at least in theory. In practice, many get away without declaring profits from their eBay sales just because they’re hard for the government to track. If you want to be strictly within the law and legit, though,…
Strategies For Limiting Taxes If You Are Your Own Boss
Self-employed individuals always cringe at the amount of taxes the pay to the IRS and state. Here are tax strategies for self-employed individuals that reduce those tax amounts. Strategies For Limiting Taxes If You Are Your Own Boss The good news is being self-employed is one of the best tax strategies out there. Unlike a salaried employee, the full scope…
Wholesale Business Tax Season Tips
One of the great steps your wholesale business portfolio can suffer or pass with greater ease is the Uncle Sam month- April month. For this exceptional month when you are a retailer or a wholesale distributor situation can get complicated or very simple. If you own an e-commerce store on the Internet selling hundreds and thousands of items a year…
Tax Credit Amount For Lexus Gs 450 Hybrid Issued By Irs
Prior to January 1, 2006, you were restricted to claiming a $2,000 tax deduction if you purchased a hybrid car. Now you can claim a tax credit, which is much more valuable. Tax Credit Amount for Lexus GS 450 Hybrid Issued By IRS Conspiracy theorists often offer rather exotic arguments about how the government tries to control us. When it…
Irs Gives Victims Of Hurricane Katrina More Relief
The IRS has announced further tax relief for victims of Hurricane Katrina due to slow clean up efforts and obviously devastated areas. The IRS is giving relief to both businesses and individual taxpayers in certain areas that have been absolutely wiped out. Instead of being required to file in March or April, depending on whether the payer is a business…
Where Should You Locate Your Business In China
Factors that may influence your choice of location include local infrastructure, land prices and availability, human resources, local government policies and attitudes, location of your joint venture partner (if any), proximity to suppliers, and proximity to your target market (if you plan to sell your products domestically). Perhaps even more importantly, however, it is crucial that you locate your company…
Various Ford And Mercury Hybrids Get Tax Credit Certification From Irs
Starting in 2006, individuals buying hybrid cars will get a tax credit instead of a tax deduction. The IRS has just started to kick out the exact amounts you can claim for your new hybrid. Various Ford and Mercury Hybrids Get Tax Credit Certification From IRS Under the Energy Policy Act of 2005, the tax benefits of owning a hybrid…
New Airport Boost For Andorra
Once a poor European country with no real economy, Andorra has been transformed in the past forty years to a vibrant independent State, sought after by the wealthy for her tax haven status, and skiers for her ski runs that match the best in Europe for facilities and ski holidays infrastructure. The one drawback that Andorra has had is the…
Our Own Homes Are The Mother Of All Tax Shelters
When it comes to tax shelters, there’s no better or safer place than our own homes. There are a vast number of companies out there spending a lot of money on advertising trying to convince us that we should be sending our hard earned dollars to some island in the sun, where (for a nice fat fee of course) they…