Find Legal Information

State Sales Tax Defined:•    Sales tax in the United States is a government-enforced and issued levy that is typically viewed as an added cost, placed onto the price of goods or services.•    The sales tax in the United States is a form of consumption tax, which is delivered as a percentage and placed on the purchase of goods, such as clothing. • ..

What is a Tax Calculator?A Tax Calculator is a tool that can is typically accessed through online taxation resource websites, which provides an estimation of any or all applicable withholdings, taxes, and refunds with regard to the initial taxation undertaken by an individual, entity, or company. Tax Calculators are fashioned in order to allow individuals to input appropri..

South Dakota’s tax burden, at 7.6% of income is well below the national average of 9.8%.  There is no individual state income tax.  There are however, excise and sales taxes.  There are also property taxes that must be given consideration.  South Dakota state sales – 4%, prescription drugs exempt, local sales tax can add 2.75%.  This is lower than m..

Applying for a Tax ExtensionAny taxpayers who may need additional time to file the IRS federal income tax returns can file Form 4868 which is a request for an automatic extension. This can be done through the IRS Free File system. Using Form 4868 will give a tax extension that lasts for an additional six months or until October 15 to completely file the federal income tax retur..

How to Become a Tax Professional:A certified public accountant is not the only form of tax professional in the United States. In fact, it is quite easy to become a tax professional. If you want to facilitate other people’s tax filings, simply follow these steps to secure your Tax Preparation Certificate:Steps to Becoming a Tax Professional1. The first step to becoming a tax p..

It is difficult to pinpoint just exactly how must a refund you can expect from the IRS without the aid of a tax professional.  Luckily, there are free tax refund calculators available to help individuals such as yourself estimate your refund.  All you will need to do is input some important information on your income, dependents and deductions into the tax refund calc..

The Texas tax burden, at 7.9% of income is well below the national average of 9.8%.  there is no state income tax, which leads to higher sales and property taxes.  There are also property taxes that must be given consideration.  Tax returns are due on April 15.Texas state sales/use tax – 6.25%, prescription and non-prescription drugs and non-prepared food exemp..

Tax EvasionTax evasion is a criminal offense that takes place when an individual knowingly avoids tax payments to the Internal Revenue Service. Evading taxes is a serious offense because the funds obtained through the tax levy are used to fund public services and expenditures necessary for the betterment of society. Tax evasion typically involves a deliberate action that concea..

Auditing is done to understand a company or an individual’s tax return. Auditing can provide information of a company’s internal management as well as the truthfulness of the company. Auditing allows for a company or an individual to clearly justify their tax returns and state their opinion about the situation.Often, auditing is done to help determine where money has been s..

What are Tax Laws?Tax Laws are required rules and regulations that exist in the legal realm of tax and taxation. Tax Laws address the wide range of financial withholdings, requirements, and procedures latent within the gross amount of cost, earnings, or applied value with regard to tax payments required by a taxpayer. Tax Laws address a variety of taxes and taxation procedures;..

In the United Kingdom, income tax exemption is granted by the local Council of Tax. A Council of Tax exemption is generally due to one of twenty three reasons. While a Council of Tax exemption may be an income tax exemption, in most cases the exemptions granted by the Council of Tax apply to dwellings. Unless the Council of Tax exemption is specified to last a certain period ..

Federal tax forms for 2008 can be obtained at the Internal Revenue Service's official website. To provide public services and to fund current expenditures the federal government of the United States must impose taxes on income, capital gains, and the majority of assets. The predominant income tax forms imposed by the Internal Revenue Service are the 1040, the 1040A, and th..

Every year a tax table is created and can be completed by individuals who are filing for taxes. The 2008 tax table, for example, allowed people to enter their information to determine how much money they would receive, or owe from their taxes. This information is determined by filling out the specified information in correspondence to previously completed forms. A 2008 tax..

Turbo Tax BackgroundTurbo Tax software is a tax preparation software company that creates annual software to aid in the preparing, filing, and submitting of taxes. Individuals can purchase Turbo Tax online by downloading the software directly to their computers or by purchasing the software on a disc to be put onto their computer. There are different software options available ..

Income tax in Utah is a flat rate, leading the state to depend much more heavily on sales taxes, such as taxing food and food ingredients.  Property taxes, although being a local arrangement only, will contribute to the overall tax burden for Utah residents.  Tax returns are due on April 15.Utah state sales/use tax – 4.7%, prescription drugs exempt, uniform local sa..