Tag: Taxes Irs
IRS Lets Firms Tap Cash Overseas
The Internal Revenue Service significantly relaxed the rules governing how U.S. corporations can repatriate cash parked overseas, in yet another government move to ease the credit crisis.
The ruling, issued late Friday, allows companies to bring back money for months at a time without incurring the 35% corporate income tax they normally would owe.
The move could [...]
Posted: October 7th, 2008 under Credit Crisis, Tax Breaks, US Economy.
Tags: Advisory Firm, Andrew C, Borrowings, Credit Crisis, Department Spokesman, Desouza, Domestic Operations, Exception To The Rule, Government Move, Internal Revenue Service, International Operations, Irs, Liquidity Constraints, Loan Cash, Multinationals, S Corporations, Small Exception, Specific Companies, Tax Analyst, Taxes Irs, Treasury Department
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Credit for Working Families Underused
Millions of Eligible Taxpayers Fail to Take Credit Aimed at Offsetting Social Security Taxes
The IRS is making a big push this year to make sure certain taxpayers know they can take the earned income tax credit, a benefit for lower income workers and working families that goes unclaimed by up to 25 percent of those [...]
Posted: January 20th, 2008 under IRA, Income Taxes, Money, Tax Law.
Tags: Amount Of Money, David R Williams, Eitc, Electronic Tax Administration, Eligible Taxpayers, Filers, Income Tax Credit, Income Taxes, Irs Director, Irs Free File, Irs Tax, Irs Web Site, Legal Obligation, Maximum Credit, Native English Speakers, Refundable Credit, Refundable Credits, Social Security And Medicare, Tax Liability, Taxes Irs, Working Families, Www Irs Gov
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IRS Liens
The IRS and State taxing agencies have the power to collect back taxes by levying on taxpayers’ property as a result of a Tax Liens. When a person owes back taxes, the IRS and state agencies gain a tax lien on all that person’s assets after meeting certain statutory requirements. The tax lien attaches to [...]
Posted: June 2nd, 2007 under Money, Real Estate, Tax Liens.
Tags: Assets, Back Taxes, County Recorders, Federal Tax Lien, Interest Penalties, Irs Liens, Money, Real Estate, State Tax Agency, Statutory Requirements, Tax Liens, Taxes Irs, Taxpayers
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