The Tax Preparation Blog

Posts Tagged ‘business’

Question: Do i need to declare Employee Benefits on my USA Tax Returns?

I get a portion of my public transportation costs paid by my employer each month. Do i need to declare this information on my federal and state tax returns?
Thanks.

Answer: Some of these benefits may be tax-free up to a certain dollar amount each year. Consult the IRS for exact details.

Check out this:
Established in 1993 as part of the federal tax code section 132(f)[3], commuter benefits were meant to provide tax incentives to employees to encourage their use of mass transportation in order to reduce congestion and improve air quality. The law provides for monthly maximum ‘caps’ on the amounts that can be excluded from gross income and are therefore not taxed as ordinary income. In 2008, transit and vanpool expenses up to $115 and commuter parking costs up to $220 are excludable each month. An employee can receive both the transit/vanpool benefit and the commuter parking benefit for a maximum of $335 a month.

Some reporting longer tax refund delays

DENVER — Some Colorado residents are reporting longer delays in getting tax refunds and it’s not clear why. The Department of Revenue can’t say much about what’s happening because it’s only allowed to discuss tax returns with the taxpayers who filed them or their attorneys.

Tax Information Help and advice on Filing Your taxes IRS

Question: Laptop Help???

Ok, my dad has said I can have a new laptop cause my other one is really old and rubbish. He says I can have on under $600(including tax). I’m 14, so I don’t want a really professional one. I really want MP3/4, lots of memory, good audio/image, nice/modern looking one,good connections, high-speed and up-to-date software. I want Windows, not Mac. I’m not too fussed about burner, but if included, won’t mind. Any suggestions? websites would be good!

Thanks!
I want at least 2 USB ports so I can connect camera and all. Would like built in mic and possibly camera?

Answer: apple or dell

Adobe Q2 Digest and Conference Call

Get up to speed on Adobe.

CCO BDAY MAC/COACH/CLINIQUE haul part1

Ready Corporation, Backed by John Snow, Reaches $2.3M in Equity Offering – cbl

By citybizlist Staff RICHMOND — According to an amended SEC filing, disaster recovery company Ready…

Major Franchise Opportunity – Liberty Tax Service Franchise – MajorFranchises.com

Tax avoidance cases back on table: IRD

The Inland Revenue Department says it is “very likely” to continue existing cases against professional service providers using company structures to avoid paying high personal income taxes.An IRD spokesman said several cases were…

Georgia Title Examiner/Abstractor

Question: How do I go about claiming back the tax on international stock purchases?

If I buy retail stock from france to sell on my Australian webpage, can I claim back the TVA tax, and how?
What if I manage to sell this stock within france, and my french supplier will send direct to the buyer? No import required, but will be charging GST. Can my professional french buyers (who buy for resale) claim back the GST I’ve charged?

Cheers

Answer: Consult a local tax consultant.

What the Russian papers say

Russian-Ukrainian nuclear ties warm up / European renovation / Russian army says it needs trillions of rubles / Charity to be reevaluated / Oil price forecasts for 2011

Has history been tampered with? Wild Mongolian Horde was merely the Army of Ancient Russia