Property Rental Income for Individuals
UK Rents and licence’s are regarded as UK land and property. Land and property income is all income deriving from such property as if it were a trade. Therefore this is calculated as all income being assessed in… Read the rest –>
Filed under Tax Refunds by on Nov 15th, 2009.
Top 7 Reasons To File Your Income Tax Returns On Time
Here are seven reasons for not being late filing your income tax returns.
1. Avoid Late Filing Penalties
Late filing can result in substantial and continuing penalties. This is in addition to any… Read the rest –>
Filed under Tax Refunds by on Nov 13th, 2009.
The Exchangor has a maximum of 180 days from the closing of the relinquished property or the due date of that year’s tax return, whichever occurs first, to acquire the replacement property. This is called the Acquisition Period. The first 45 days of that… Read the rest –>
Filed under Tax Refunds by on Nov 11th, 2009.
I see a lot of dumb llc formation mistakes. Maybe more than most people because I occasionally teach a graduate tax class on LLC formation.
Some of the mistakes are made by entrepreneurs and investors trying to save money on accountants and attorney fees.… Read the rest –>
Filed under Tax Refunds by on Nov 11th, 2009.
Q: I was contacted by the city tax collector to say that my business is scheduled to be audited to see if I owe sales tax on items purchased on the Internet. Can they really make me pay sales tax on internet purchase? I… Read the rest –>
Filed under Tax Refunds by on Nov 6th, 2009.