Tax

Tag: Credits

  • Deductions

    Code Sections about Deductions Sec. 67. 2-percent floor on miscellaneous itemized deductions Sec. 68. Overall limitation on itemized deductions Sec. 151. Allowance of deductions for personal exemptions Sec. 161. Allowance of deductions Sec. 211. Allowance of deductions Sec. […]

  • Income

    Income means: economic benefit; money or value received. Former IRC (check if this IRC provision is current here) §61. Code Sections about Income Sec. 61. Gross income defined Sec. 62. Adjusted gross income defined Sec. 63. Taxable income defined Sec. 64. Ordinary income […]

  • Depreciation

    Depreciation means: an accounting technique in which the cost of an asset is allocated over its useful life. A deduction to reflect the gradual loss of value of business property as it wears out. Former IRC (check if this IRC provision is current here) §167. See Accelerated Cost Recovery […]

  • State Income Taxes

    State Income and Franchise Taxes This entry offer comprehensive coverage of every major aspect of state income taxes, including bankruptcy, corporate income taxes, state credits and incentives, tax shelters, and more. Bankruptcy (see below) Compensation Planning (see below) Corporate Income Taxes (see below) Credits and Incentives for State Taxes (see below) Personal Income Taxes (see…

  • Federal Income Taxes

    Federal Income Taxes Examine this entry’s resource and reference tools for detailed analysis on federal income taxes. Lawi gives you expert-written, in-depth analysis, real-life scenarios and examples, working documents, and much more. Our leading coverage of federal income taxes includes tax benefit, assignment of income, basis, gross income, and more to help you reduce research…

  • Miscellaneous

    Miscellaneous Below are articles related to miscellaneous subjects. Alternative Filing Methods Age-Name-SSN Rejects, Errors, Correction Procedures (IRS FAQ) Amended Returns (IRS FAQ) Due Dates & Extension Dates for e-file (IRS FAQ) Electronic Filing Electronic Signatures Filing Business Returns Electronically Forms W-2 & Other Attachments (IRS FAQ) How to Choose a Paid Tax Preparer Substitute Tax…

  • IRS Tax Tips

    IRS Tax Tips You can access IRS tax tips back to 1997 on the IRS website: IRS Tax Tips. The search box on that page is in this order: News Releases (IR-year-#) Fact Sheets (FS-year-#) Tax Tips (AT-year-#) IRS Tax Tips Examples Updated ITIN Procedure Changes Announced Earned Income Tax Credit for 2012; Do I…

  • Credits

    The Credits are. under the Social Security Act, the determiners of eligibility for Social Security programs. A person earns credits by working in a job covered by Social Security and by paying Social Security taxes. In 1991, one credit was earned for each $540 in Social Security earnings. A maximum …

  • Business

    Business Tax Law Business General Information Business Entertainment Expenses Business Income Business Travel Expenses Business Use of Car Business Use of Home Business Use of Home – Is It Deductible? Business Use of Home – Taxes and Interest Principal Business Activity Codes Partnership / 1065 2005 1065 K-1 instructions Basis Limitations for K-1 Losses Dispositions…