Are dividends taxed in the year paid or declared?
Investors pay taxes on the dividend the year it is announced, not the year they are paid the dividend. Do I have to pay taxes on dividends that are reinve...
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Is an IRS number the same as an EIN?
A Federal Tax Identification Number, also known as a “95 Number”, “E.I.N. Number”, all refer to the nine digit number issued by the IRS. They are differen...
Do you have to pay capital gains tax on a condo?
The larger your adjusted basis, the less taxable profit you’ll have. Unfortunately, many people who own a condo, townhouse, or other property in a homeown...
Why do states have taxes?
State governments use taxpayer dollars to fund road maintenance, law enforcement agencies and other public services. The funding for those services typica...
Are taxes higher in US or Europe?
How do US taxes compare internationally? Total US tax revenue equaled 24 percent of gross domestic product, well below the 34 percent weighted average for...
Can I claim a laptop as business expense?
Capital expenditure generally includes anything that you purchase and own to help you earn profits in your business, so laptops will fit into this categor...
When do I have to file my 2009 tax return?
Important: You can no longer e-File a 2009 Federal or State Tax Return. Instructions on how to complete and mail in the Forms are below. Prepare and eFile...
Who got stimulus checks in 2008?
Tax rebates that were created by the law were paid to individual U.S. taxpayers during 2008. Most taxpayers below the income limit received a rebate of at...
Where is domestic partner imputed income reported on w2?
Box 12 Report health benefits for same-sex couples correctly. The entire cost of the health benefits, including both the non-taxable portion and the “impu...
What does EGM mean?
An extraordinary general meeting (EGM) is a shareholder meeting called other than a company’s scheduled annual general meeting (AGM). An EGM is also calle...
