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Archive for the ‘Paying Taxes’ Category

IHS Inc. Reports Strong Fourth Quarter and Full Year 2009 Results

ENGLEWOOD, Colo.—-IHS Inc. , a leading global source of critical information and insight, today reported strong results for the fourth quarter and full year ended November 30, 2009.

SBA Business Plan Webinar – Part 5 of 8

Question: If I file joint return with husband will I be liable for back taxes he owe before marriage?

We got married Sept 2007 and he owe back taxes of $3500 for 1996 tax year and $1400 for 2000 tax year. He is currently on disability due to kidney disease. I plan on filing joint return this year 2007 if any overpayment is due will I be penalized for his tax liabilities.

Answer: You personally cannot be held liable for his debts prior to the marriage, however if you file a joint return with him that shows a refund due that entire refund can be captured to be applied against that debt.

There are 2 ways to deal with that. Either bump up you withholding allowances enough that you have a small tax debt to pay at filing time OR file Form 8379 with your return. Obviously it’s too late to adjust your withholdings for 2007 so the From 8379 is your only option right now. The Form 8379 will apportion your refunds. You’ll get your share and his share will be captured against his debt.

Extension gives you time to file your return

April 15 is almost here, and I’m missing a piece of information I need to finalize my tax return. I know I’m going to owe the IRS some money. I also know I’m not going to have all the pieces in place to get my return completed. What’s the best course of action?

How To Pay Less In Taxes

Funtalk China Holdings Limited Reports Fiscal 2010 Second Quarter…

All PR Newswire news — 2Q FY2010 Revenues Increased 95% to $208 Million —- Operating Income Increased 110% to $12.4 Million —- Net Income Increased 20% to $4.6 Million —- Provides Financial Out…

Session 6: Starting Costs

Question: Illinois taxable sales mail order/Online transaction ?

Can anyone tell me if Illinois requires their residents pay sales tax on S&H in conjuction with mail ord/Online transactions?

Keep in mind I am fully aware that Illinois ratified it’s sales tax laws to include mail ord/online purchases. That is not what is in question here.

Answer: No state in the country requires S&H to be taxed as it a service and not a commodity.

Top stories and photos of 2009

1. Ski area reopening The reopening of Sleeping Giant Ski Area on the North Fork is ranked by the newspaper staff as the top Cody story of 2009.

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IRS TAX TIPS – Five Important Facts about Dependents and Exemptions

When you prepare to file your tax return, there are two things that will factor into your tax situation: dependents and exemptions. Here are five important facts the IRS wants you to know about dependents and exemptions before you file your 2009 tax return. 1. If someone else claims you as a dependent, you may still be required to file your own tax return. Whether or not you must file a return …

re: Health Insurance Doesn’t Exist In Market Conditions