2018 Tax Season Refund Frequently Asked Questions

Q.) When does all of the tax reform impact my tax return?

A.) In 2019, when you file for 2018.

We are very sorry that we did not make this more clear. Your 2017 tax return will not be impacted by the tax reform passed at the end of 2017.

Q.) How did tax reform impact Earned Income Tax Credit?

A.) It didn't. We can't find any changes to EITC in the passed tax bill. The only changes were to...

Read more


Website: https://www.refundschedule.com

Individual Income Tax - Louisiana Department of Revenue

East Coast Hockey League

Pacific Coast League

Income from Louisiana sources include compensation for the services rendered as a professional athlete and all income from other Louisiana sources, such as endorsements, royalties, and promotional advertising. The calculation of income from compensation is based on a ratio obtained from the number of Louisiana Duty...

Read more


Website: http://rev.louisiana.gov

Individual Income Tax - Louisiana Department of Revenue

East Coast Hockey League

Pacific Coast League

Income from Louisiana sources include compensation for the services rendered as a professional athlete and all income from other Louisiana sources, such as endorsements, royalties, and promotional advertising. The calculation of income from compensation is based on a ratio obtained from the number of Louisiana Duty...

Read more


Website: revenue.louisiana.gov

IRS Tax Courses - PlatinumProStudies

There is No Charge to Join

Receive: Up to date emails concerning EAs, CPAs, Notaries, and the new IRS Annual Filing Season Program.

Take Advantage: Of special offers exclusively for our members.

Learn: Exciting ways to market, advertise and grow your business

Be a Part of Our PlatinumPro Community: Where you can promote your own business

 Click the Link Below to Join.

 

If this link does not...

Read more


Website: http://www.platinumprostudies.com

Tax Glossary - Understanding Taxes - Tax Terms

The concept that taxpayers should have a tax liability consistent with their income level.

Above-the-Line Deduction

Also called an adjustment to income. A type of deduction that you may take without having to itemize .

Abusive Tax Scheme

An illegal series of transactions designed to hide taxable income from the IRS.

Adjusted Basis

The original value of a piece of property plus the value of...

Read more


Website: https://www.efile.com

Individual Income Tax - Louisiana Department of Revenue

East Coast Hockey League

Pacific Coast League

Income from Louisiana sources include compensation for the services rendered as a professional athlete and all income from other Louisiana sources, such as endorsements, royalties, and promotional advertising. The calculation of income from compensation is based on a ratio obtained from the number of Louisiana Duty...

Read more


Website: revenue.louisiana.gov

Tax on self-employment income while remaining employed

Your tax-free Personal Allowance usually gets allocated to your employment, so the tax on your self-employment will be at your own highest tax rate. If your total income is below £41,865, the tax on your self-employed income will be 20%, but any income over £41,865 will be taxed at the higher rate of 40% (income above £150,000 may be taxed at 45%).

Additionally, you pay Class 4 National...

Read more


Website: http://www.brighton-accountants.com

S Corporation Common Costs and Drawbacks Explained by CPA

S corporations deliver a bunch of benefits to small businesses. No doubt about that.

But they also burden small businesses with extra costs. And they suffer from some drawbacks.

Accordingly, while you definitely should consider the Subchapter S option if you run a profitable small business, don't jump into this before you've carefully considered the following S corporation costs and drawbacks:

S...

Read more


Website: http://www.scorporationsexplained.com

Income Tax Return - Bureau of Internal Revenue

Annual Income Tax Return for Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Income)

Description

This return shall be filed by every resident citizen deriving compensation income from all sources, or resident alien and non-resident citizen with respect to compensation income from within the Philippines, except the following:

1. An individual whose gross compensation income does not exceed his total personal and additional exemptions.

2. An individual with...

Read more


Website: bir.gov.ph

Related topics : individual income tax return / file income tax return / income tax return form business profession / resident income tax return / income tax return business code

Income Tax Return - Bureau of Internal Revenue

Annual Income Tax Return for Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Income)

Description

This return shall be filed by every resident citizen deriving compensation income from all sources, or resident alien and non-resident citizen with respect to compensation income from within the Philippines, except the following:

1. An individual whose gross compensation income does not exceed his total personal and additional exemptions.

2. An individual with...

Read more


Website: bir.gov.ph

Related topics : individual income tax return / file income tax return / income tax return form business profession / resident income tax return / income tax return business code

FAQ Topics | North Dakota Office of State Tax Commissioner

Compensation that a North Dakota resident receives for personal professional services performed in Minnesota is exempt from Minnesota income tax under the reciprocity agreement if the individual maintains a permanent home in North Dakota to which the individual returns at least once each month while performing the services in Minnesota.  "Compensation for personal or professional services"...

Read more


Website: nd.gov

Income Tax Return – ITR – Who are all exempted from filing ...

Income Tax Return - ITR - Who are all exempted from filing ITR?

Income Tax Return - ITR - Who are all exempted from filing ITR?

By GConnect Team

On Jun 18, 2013

Income Tax Return - ITR - Who are all exempted from filing ITR? - What are all the conditions imposed by Income Tax Department for exempting an Income Tax Assessee from filing of Income Tax Return?

We know that when Salaried employees...

Read more

Date: 2018-03-31 17:46:04
Website: http://www.gconnect.in

Regulation 105 - Withholding tax rules for US and other ...

Regulation 105 - Withholding tax rules for US and other foreign residents providing services in Canada

Non-Residents Providing Services in Canada - Tax Implications (Regulation 105)

Contact Jonathan Levy at jlevy@uhyvictor.com tel: (514) 282-1836 #275 for assistance with your Regulation 105 issues.

We have expertise in filing requirements, applying for waivers and filing corporate and personal...

Read more


Website: http://www.uhyvictor.com

Calgary Accountants | A1 Accounting | (587) 333-2741

USES OF SOURCE DOCUMENTS

It is a platform for a first-hand recording of information for small businesses.

They are used to record the sales, purchases, goods returned by customers, and the one returned to suppliers by the business.

IMPORTANCE OF BOOKKEEPING

To ascertain actual profit: Many small business owners confuse themselves with net profit and gross profit. Your profit is what is accrued to...

Read more


Website: http://www.a1accounting.net

NJ Division of Taxation - New Jersey Sales and Use Tax EZ ...

New Jersey Sales and Use Tax EZ File

Frequently Asked Questions

Q. Can I file my sales and use tax return and make my payment on the 20th and be considered timely?

A. Yes. As long as your return is transmitted by 11:59 p.m. on the due date, whether by phone or online, it will be considered timely filed. Whether you are paying by EFT, e-check or credit card, if the...

Read more


Website: http://www.state.nj.us

TaxHow » New Jersey Tax Forms 2017

NJ Form NJ-1040 2017

New Jersey Individual Resident Income Tax Return

New Jersey form NJ-1040 is designed for state residents to report their annual income. The form features space to include your income, marital status as well as space to report any children or dependents you may have. By filling out the form, you will see whether or not you owe money to the state or if you will receive a...

Read more

Date: 2018-04-05 22:54:33
Website: http://taxhow.net

UPVAT Annual Return Due date extension FY 2015-16 to 31-01 ...

UPVAT Annual Return Due date extension FY 2015-16 to 31-01-2017 for filing Form 52 52A 52B in view of GSTN data transfer and training.

As per Circular No. 3344/1617054 Commercial Tax UP, the due date for filing Annual Return/Form No. 52, 52A, 52B has been extended from 31st December, 2016 to 31st January, 2017.

The circular states that�various Lawyer's Organisations and different Industry organaisations have...

Read more


Website: http://abcaus.in

Related topics : tax return due date / file tax return extension / annual tax return / tax return dates / tax return due

Income Tax Return of an Estate-- Form 1041 - Uncle Fed's ...

2001 Tax Year

Income Tax Return of an Estate-- Form 1041

An estate is a taxable entity separate from the decedent and comes into being with the death of the individual. It exists until the final distribution of its assets to the heirs and other beneficiaries. The income earned by the assets during this period must be reported by the estate under the conditions described in this publication. The...

Read more

Date: 2007-03-04 22:15:11
Website: http://www.unclefed.com

How Long Does the IRS Have to Assess Additional Tax on ...

Contact

How Long Does the IRS Have to Assess Additional Tax on Your Tax Return?

Home » Private: Our Blogs » How Long Does the IRS Have to Assess Additional Tax on Your Tax Return?

 

2015-05-262015-05-12http://bressler.wpengine.com/wp-content/uploads/2016/07/bressler-logo-dark.pngBressler Company Certified Public Accountants

200px200px

0

How Long Are You on the Hook for a Tax Assessment?

A...

Read more


Website: http://www.bresslercompany.com

UFile for Free, Tax Software Canada | UFile

Is your tax return simple but you still want to NETFILE for a faster refund?

UFile ONLINE is absolutely free if you are reporting only employment income (one single T4) or income from a Canadian Government pension (OAS or CPP/QPP). You must also be entitled only to standard non-refundable tax credits, and have no other deductions or credits such as RRSPs, charitable donations or medical expenses. Your return may be simple but preparing and filing is not. Thank goodness, now there's UFileFREE!

Start UFile ONLINE for FREE

Are...

Read more


Website: http://www.ufile.ca

Deadlines for tax lodgement in 2017 and 2018 | Xero AU

Deadlines for tax lodgement in 2017 and 2018

Key dates for businesses and individuals

James Solomons

Xero Head of Accounting

Important note: All information is current as of early August 2017. This article is aimed at promoting general awareness of tax dates and deadlines only.

A 2017 tax return is for income earned between 1 July 2016 and 30 June 2017. It is sometimes called the 2016-17...

Read more


Website: https://www.xero.com

10 Tax mistakes on financial statements and income tax ...

10 Tax mistakes on financial statements and income tax returns Philippines

By: Garry S. Pagaspas, CPA

Comes 2014 calendar year filing season, taxpayers, accountants, and tax agents in the Philippines are on their respective schedules for the filing of the annual income tax returns with attached audited financial statements not later than April 15, 2015.�During tax seasons in the Philippines,...

Read more

Date: 2018-04-04 09:46:14
Website: http://taxacctgcenter.org

Tax Calendar Software - AKORE TAX

TAX CALENDAR OVERVIEW

    CUSTOMER BENEFIT HIGHLIGHTS

Akore® Tax Calendar Software is a Business Ready sophisticated easy to use tool designed to Capture, Generate, Schedule, Categorize, Report, Track and Manage all aspects of any type Tax Return, Business License, Notices and Obligations. These include but are not limited to Sales and Use Tax, Income Tax, Motor Fuels Tax, Franchise Tax,...

Read more


Website: http://akoretax.com

S Corp - Forming an S Corporation | BizFilings

Learn More

Why choose an S corporation?

S corps are corporations that have elected a special tax status with the IRS. S corporations provide the same limited liability to owners (called shareholders) as C corporations , meaning that owners typically are not personally responsible for business debt and liabilities; however, S corporations have pass-through taxation. S corps do not pay tax at the...

Read more


Website: https://www.bizfilings.com

What impact do my tax returns have on buying a house ...

Tweet

What impact do your tax returns have on buying a house?

It is no secret that the income piece of the mortgage approval process is a major factor. Your ability to repay the mortgage is arguably to MOST important factor that is considered when applying for a home loan.

But how is that income calculated?

What if you are self-employed?

What if you have multiple sources of income?

In this post I...

Read more


Website: http://www.balanceprocess.com

Lodgement Dates - AtoTaxRates.info

You are here: Home / Lodgement Dates

Tax�Return Lodgment Due Dates

The general deadline for the lodgement of self-prepared individual, partnership and trust income tax returns is�31 October.

In general, where the due date falls on a weekend or public holiday, it is moved to�the next business day.

If an extension of time is needed to lodge a tax return, the�Tax Office should be contacted...

Read more


Website: https://atotaxrates.info

Related topics : tax return individual 2015 due date / income tax return date 2015 extended / tax return due date / income tax return date extended / income tax return date 2015

South Dakota Sales Tax Rates - Avalara

How to register to collect sales tax in� South Dakota

The� South Dakota Tax Application �is available online. Applications are also available at any local Department of Revenue offices, or by calling (800)829-9188.� Additional information .

Temporary vendors (such as those who sell taxable products or services at the� Sturgis Motorcycle Rally ) must apply for a� Temporary South Dakota...

Read more


Website: https://www1.avalara.com

ATO Tax Table - AtoTaxRates.info

You are here: Home / ATO Tax Calculator / ATO Tax Table

Tax Tables

The tax instalment tables for PAYG wage and salary earners can be obtained in a number of formats.

Printed Tables - downloadable PDF files

Includes weekly, fortnightly, monthly and quarterly tax instalment schedules from 1 July 2017.

2017-18 tax tables PDF and online

PAYG spreadsheet calculator

For the convenience of a spreadsheet...

Read more


Website: https://atotaxrates.info

Calculating provisional tax (Provisional tax) - Inland Revenue

Calculating provisional tax

Find out about the different options for working out provisional tax and choose the best option for you.

What's on this page

Interest on provisional tax

Options for working out provisional tax

Working out provisional tax using the standard, estimation or ratio options involves some judgement. You're trying to work out an amount that will closely match the residual...

Read more

Date: 2018-04-05 18:32:16
Website: http://www.ird.govt.nz

How Often Do I File My Hawaii General Excise Tax Forms?

The frequency that you must file your Hawaii GE Tax forms generally depends on how much GE Tax you are required to pay during the year.

Warning:

Every tax situation is different and you may need more forms and information�that�is presented here. This is an introductory guide only, and we recommend having your tax forms filed by a professional. Though we keep this page updated, the information...

Read more


Website: http://www.taxservicesoahu.com

WAC 458-20-228: Returns, payments, penalties, extensions ...

(1) Introduction. This rule discusses the responsibility of taxpayers to pay their tax by the appropriate due date, and the acceptable methods of payment. It discusses the interest and penalties that are imposed by law when a taxpayer fails to pay the correct amount of tax by the due date. It also discusses the circumstances under which the law allows the department of revenue (department) to...

Read more


Website: http://apps.leg.wa.gov

New Due Dates for Tax Returns Due in 2017 - Paresky Flitt ...

January 2017

New Due Dates for Tax Returns Due in 2017

President Obama signed the short-term highway funding extension, H.R. 3236, into law on Friday, July 31, 2015. Included in that law were a series of revised filing deadlines for numerous taxpayers.

The most notable are as follows:

Partnerships (and entities taxed as partnerships) filing Form 1065: Calendar year filers will be due March...

Read more


Website: https://www.pareskyflitt.com

Related topics : corporate tax return extension due date 2017 / corporate tax return due date 2017 / corporate tax return due date / tax return due date / corporate tax returns due

Georgia Sales Tax - AccurateTax.com

Tax Holidays: none

Governing Body: Georgia Department of Revenue

Like almost every state in the Union, Georgia has a statewide sales tax that is levied on many retail purchases. As a destination-based state, orders that are shipped to a different location will be taxed at the rate of the delivery address, not the rate of the shipper. Different locations have different rates, due to the fact that...

Read more


Website: https://www.accuratetax.com

Withholding Tax | Virginia Tax

To compute the withholding tax, use the Virginia Employer Withholding Tables .

Frequently Asked Questions

Qualified Employers and Employees

What is a household employer? What does it mean to have household employer status?

A household employer is an individual who employs 1�or more people solely for the purpose of domestic service in the home of the employer. For Virginia purposes, "household...

Read more

Date: 2018-04-05 06:36:47
Website: https://www.tax.virginia.gov

Tourist Development Tax - Broward County, Florida

The Tourist Development Tax is sometimes referred to as resort tax, bed tax, local option tourist tax or transient rental tax. The Broward County Tourist Development Tax Rate is 6 percent.

The total rental charged every person who rents or leases any living quarters or accommodations such as a hotel/motel, apartment, rooming house, mobile home/RV park, condominiums, timeshare or single family...

Read more

Date: 2018-04-05 23:44:33
Website: http://www.broward.org

Related topics : complete tax return form / tax return due / tax return fees per form / file late tax return / tax return forms

Tax-free shopping - Wikipedia

Refund[ edit ]

The refunded amount corresponds to the VAT or GST paid and in which country the traveller buys goods. VAT/GST is a tax added to the cost of a product, calculated as a percentage of the products retail price. Often in Europe the ticket price includes VAT, this is less often the case in the US. As an example, if the VAT rate on a product is 20% and the ticket price is displayed as...

Read more

Date: 2018-03-28 02:28:32
Website: https://en.wikipedia.org

LegalShield Plans | Launch by LegalShield

IRS Audit services include Schedule C and E (attached to member's personal tax return)

ADDITIONAL INFORMATION

Except where specifically provided, services are intended only for matters arising in the state of the member's primary residence.

25% off additional legal services

You may continue to use your Provider Attorney for legal situations that extend beyond plan coverage. The additional...

Read more


Website: https://launchbylegalshield.com

How LLC Members Are Taxed | Nolo.com

How LLC Members Are Taxed

LLC owners report business income and losses on their personal tax returns.

Share on Facebook

A limited liability company (LLC) is not a separate tax entity like a corporation ; instead, it is what the IRS calls a "pass-through entity," like a partnership or sole proprietorship . All of the profits and losses of the LLC "pass through" the business to the LLC owners...

Read more


Website: https://www.nolo.com

Fed Tax Calculator 2017 - 2018 Tax Season

Calculate Your Federal Tax Return Refund Free With This Online Fed Tax Calculator tool, estimate where you stand with Uncle Sam

 

Your Federal Tax Rate is the rate you pay on your total taxable dollars earned during the tax year. This is the net amount of earnings after deductions have been taken. Tax rates apply by portion, as income increases into another...

Read more

Date: 2017-10-16 20:15:41
Website: http://fedtaxcalculator.com

Corporate Income Tax - Illinois Department of Revenue

35 ILCS 5/101 to 5/1701

Definition

The Illinois Income Tax is imposed on every corporation earning or receiving income in Illinois. The tax is calculated by multiplying net income by a flat rate. The Illinois Income Tax is based, to a large extent, on the federal income tax code.

Tax rate

Use the Tax Rate Database to determine the income and replacement tax rates.

Tax base

The starting point for...

Read more


Website: http://www.revenue.state.il.us

HM Revenue & Customs: Pension schemes annual allowance ...

Pension schemes annual allowance checking tool - introduction

Pension schemes annual allowance checking tool - introduction

From 6 April 2014 the annual allowance for tax relief on pension savings in a registered pension scheme was reduced to £40,000. This includes contributions made by anyone else into your pension such as your employer. If your pension savings exceed this amount you may have to pay a tax charge and give details of this on a Self Assessment tax return.

When you...

Read more


Website: http://www.hmrc.gov.uk

Related topics : pension tax calculator 2015 / tax calculator 2014 to 2015 / pension tax calculator 2016 / tax calculator pension relief / tax return calculator 2015

What is the 2016 Tax Filing Deadline for US Citizens Abroad?

Under typical circumstances, April 15 is the annual deadline to file a federal income tax return.� However, this year's deadline falls a few days later than normal.� Because Emancipation Day will be celebrated on Friday, April 15, the 2016 deadline to file taxes will be pushed back to Monday, April 18, three days later than the standard due date.� That's good news for taxpayers, who'll get...

Read more


Website: http://ustaxhelp.com

Pension savings annual allowance calculator - hmrc.gov.uk

Pension schemes annual allowance checking tool - introduction

Pension schemes annual allowance checking tool - introduction

From 6 April 2014 the annual allowance for tax relief on pension savings in a registered pension scheme was reduced to £40,000. This includes contributions made by anyone else into your pension such as your employer. If your pension savings exceed this amount you may have to pay a tax charge and give details of this on a Self Assessment tax return.

When you...

Read more


Website: http://www.hmrc.gov.uk

Related topics : uk tax allowance 2014 / pension tax calculator 2015 / uk tax allowance 2015 / pension tax calculator 2016 / tax calculator pension relief

Tennessee Business Income Tax Extensions | TaxExtension.com

Tennessee business tax returns are due by the 15th day of the 4th month after the close of the tax year. For calendar year filers, this date is April 15. If you cannot file on time, you can get a Tennessee tax extension.

The guidelines for obtaining a Tennessee tax extension are as follows:

o If you have a valid Federal extension ( IRS Form 7004 ) and you owe zero state tax, you will...

Read more

Date: 2018-04-05 21:55:37
Website: http://www.taxextension.com

Sample Job Description | Tax Accountant ...

job title, keywords or company

city, state or zip

Provide general ledger system support regarding functional issues of financial and management reporting.

Primary Responsibilities

Maintain required level of technical knowledge.

Prepare estimated federal and state income tax payments.

Research and prepare work papers for various book to tax differences.

Perform year-end accrual review and...

Read more


Website: http://www.accountingjobstoday.com

Taxation in Germany - Wikipedia

Income from letting property

Miscellaneous income.

If a taxpayer's income does not fall into any of these categories, then it is not subject to income tax. This includes winnings at a lottery, for example.

Income tax[ edit ]

German income tax rate in 2010 as a function of taxable income

The rate of income tax in Germany ranges from 0% to 45%. The German income tax is a progressive tax , which...

Read more

Date: 2018-04-04 16:16:32
Website: https://en.wikipedia.org

The Homeowners’ Guide to Tax Credits and Rebates

Home Energy Savings | January 27, 2017

The Homeowners' Guide to Tax Credits and Rebates

| Share

We put together a big list of home improvement tax credits to help you save money on your 2016 tax return. We also included information on rebates for energy-efficient appliances to help you save money if you need/want to use your tax savings on energy-efficient appliances.

What's a home improvement...

Read more


Website: https://blog.constellation.com

Related topics : tax credits deductions for homeowners / home improvement tax credits / tax credits deductions / tax credits help to save / energy tax credits

Corporate tax - Wikipedia

51%

Other corporate events[ edit ]

Many systems provide that certain corporate events are not taxable to corporations or shareholders. Significant restrictions and special rules often apply. The rules related to such transactions are often quite complex.

Formation[ edit ]

Most systems treat the formation of a corporation by a controlling corporate shareholder as a nontaxable event. Many systems,...

Read more

Date: 2018-04-03 05:21:10
Website: https://en.wikipedia.org

Limited Liability Company (LLC) | California Franchise Tax ...

Limited Liability Company (LLC)

An LLC is a hybrid business entity that blends elements of partnership and corporate structures. The LLC's main advantage over a partnership is that, like the owners (shareholders) of a civil law corporation, the liability of the owners (members) of an LLC for debts and obligations of the LLC is limited to their financial investment. However, like a general...

Read more


Website: ftb.ca.gov

Insurance Premium Tax Forms

This form is for the reporting of Insurance Premium tax on a quarterly basis. If you reported under $2000 in tax last year you do not need to file this form. Insurers who have Industrial Insurance Premiums to report will have to use Industrial Insurance Premiums tax return.

Quarterly Industrial Insurance Return (1/1/16 to Current)...

Read more


Website: https://tax.nv.gov

Related topics : tax insurance premium / what quarterly taxes do i need to file / quarterly tax return / tax return forms / file my tax return