Alabama and its counties and municipalities impose retail sales taxes.tax defined image by Christopher Walker from Fotolia.comAlabama is one of many states that levy sales taxes on the retail sale of tangible personal property within the state. Counties and municipalities within Alabama.........[Read More]

An EIN, short for Employer Identification Number, is a tax ID number primarily used by businesses and corporate entities for taxpaying purposes. Applying for an EIN is easy and relatively quick by mail, but the process is instantaneous when you apply for an EIN online. There is no fee to apply for a......[Read More]

Property taxes help the City of Atlanta provide important services to its citizens, such as funding for schools. Property tax bills sent to Atlanta residents sometimes contain errors, but there are ways for you to appeal the tax.......[Read More]

Pay-Related Social Insurance (PRSI) is a major income tax in Ireland that allows employees and their employers make a weekly contribution to fund three important social programs: Social Insurance (i.e. pensions and pensioner benefits), Health Levy (i.e. funding health services from the Department Of......[Read More]

The Internal Revenue Service regulations permit mileage deductions from your taxes under particular circumstances. These are spelled out in Publication 463, which covers mileage and vehicle use. If you work overtime on your job, the mileage used in the performance of the job may be deductible, thoug......[Read More]

Value Added Tax (VAT) is a tax collected on the difference between the price of goods or services before taxes and its costs of production. It is similar to the American sales tax in many ways. VAT is considered a consumption tax that can reach 25 percent of the price of the commodity. Europe's nati......[Read More]

The Internal Revenue Service classifies a 501 (c)(3) nonprofit organization as a public charity or private foundation. Your organization must be religious, educational, charitable, scientific, or literary in nature. The organization may also promote public safety, foster international or national am......[Read More]

Like most states, Mississippi taxes business transactions. This tax is referred to as a "sales tax." The state applies the tax to the gross proceeds of the sale or the gross income of the business. The seller has the responsibility of collecting the tax from the consumer.......[Read More]

If you have to relocate for a job and meet the distance and time tests, you can claim the moving expenses deduction. The distance test requires your new workplace to be at least 50 miles further from your old home than your old job. The time test requires you to work 39 of the first 52 weeks, full-t......[Read More]

U.S. federal income tax law is governed by the Internal Revenue Code (IRC) and is administered by the Internal Revenue Service. The IRC covers both individual and business income tax. Although the taxation of individuals is fairly uniform except for non-U.S. citizens, the taxation of businesses vari......[Read More]

An estate includes all a deceased person's assets.Real Estate image by Stephen VanHorn from Fotolia.comWhen empowered by Congress to do so, the Internal Revenue Service (IRS) levies a tax on the transfer of the estate of a deceased person. In order to understand estate tax, it is.........[Read More]

As the name suggests, deferred compensation is income that is paid at a later date than from when it was earned. This is typically done for financial reasons such as preparing for retirement. Pensions, retirement plans, 457 plans, 401(k) plans and stock options are common examples of deferred compen......[Read More]

The Internal Revenue Service and state revenue authorities assess taxes on individual incomes in order to raise money for government services. At the federal level, the IRS allows taxpayers to use exemptions, deductions and credits to reduce the potential tax liability. The major distinction between......[Read More]

tax time image by Tom Oliveira from Fotolia.comFew things are certain, other than death and taxes. While this rather fatalistic saying usually attributed to Benjamin Franklin is often quoted, the sentiment is nowhere more succinctly captured than in the various inheritance laws found.........[Read More]

The normal rules of how to file an income tax return and when to expect your refund don't apply if you're currently undergoing a bankruptcy proceeding. Instead of only being forced to adhere to the rules and guidelines of the IRS, you're now also beholden to the rules of the bankruptcy court. This a......[Read More]

Wisconsin provides a tax deduction for tuition payments.Wisconsin state contour against blurred USA flag image by Stasys Eidiejus from Fotolia.comTaking full advantage of Wisconsin state tax deductions for tuition will help a taxpayer reduce his tax liability for the year. In order to.........[Read More]

The federal Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 contains a provision to take tax-free withdrawals from individual retirement accounts (IRAs) for the purpose of making a charitable contribution. This is only allowed under certain conditions and the provisio......[Read More]

The Limited Liability Company (LLC) is an alternative to the traditional corporation. It has the major benefit of "pass-through" tax treatment, meaning LLC income is not taxed separately from the income of the owners. Furthermore, electing "S-corporation" tax treatment can result in additional tax b......[Read More]

Energy efficient products help save money on utility bills. The federal government offers tax credits and deductions for these improvements in your home. Energy Star programs cover a wide range of home energy saving products, including windows. There are requirements for the Energy Star tax credit p......[Read More]

The UK has rules governing the way that Value Added Tax returns are prepared.united kingdom - union jack image by smn from Fotolia.comThe United Kingdom is a member of the European Union, and the EU requires all member nations to apply a sales tax known as VAT, or Value Added Tax. In the.........[Read More]