Alternative Motor Vehicle Credit
Source: S S A / I R S R e p o r t e r, s u m m e r 2 0 1 0, Page 4 The Alternative Fuel Motor Vehicle Credit was enacted by the Energy P olicy Act of 2005 and includes separate credits for four [...]
House approves tax-relief measures for small businesses
The House passed the Small Business Jobs Tax Relief Act of 2010 on Tuesday. The bill would eliminate certain tax penalties for small businesses, allow the exclusion of 100% of capital gains on investments in qualifying small-business stock, and allow the deduction of up to $20,000 in startup costs unrelated [...]
Florida’s Late Fees Remain at 7 Percent
Floating Rate of Interest for Most Taxes and Fees Will Remain 7 Percent For the Period July 1, 2010, Through December 31, 2010 Florida law provides a floating rate of interest on payments of taxes and fees due on or after January 1, 2000. This floating rate of interest applies [...]
IRS Issues Regulations on 10-Percent Tax on Tanning Services Effective July 1
WASHINGTON — The Internal Revenue Service today issued regulations outlining the administration of a 10-percent excise tax on indoor tanning services that goes into effect on July 1. The regulations were published today in the Federal Register. In general, providers of indoor tanning services will collect the tax at the [...]
Full Asset Depreciation Increase Extended
Depreciation and Section 179 Expense HIRE and Section 179 DeductionA qualifying taxpayer can choose to treat the cost of certain property as an expense and deduct it in the year the property is placed in service instead of depreciating it over several years. This property is frequently referred to as [...]
2010 Tax Benefits to Expire at Year End
If your business is a C corporation, it may be a good time to arrange for dividend payments, stock redemptions and stock sales. Though the federal income tax rate structure is currently favorable, it's scheduled to change dramatically after this year. Here are some strategies to consider before the end [...]
FLORIDA CORPORATE INCOME TAX “PIGGYBACKS” 2010 INTERNAL REVENUE CODE
Every year the Florida Legislature must consider the adoption of the current Internal Revenue Code (Chapter 26, United States Code), so that certain tax definitions and the calculation of adjusted federal income are consistent between the Internal Revenue Code and the Florida Income Tax Code (Chapter 220, Florida Statutes). The [...]
EFTPS: The Electronic Federal Tax Payment System
EFTPS: The Electronic Federal Tax Payment System A Secure Way to Pay All Your Federal Taxes EFTPS, the Electronic Federal Tax Payment System, is a tax payment system provided free by the U.S. Department of Treasury. Pay federal taxes electronically via the Internet or phone 24/7. Visit EFTPS to enroll. [...]
Pay Your Federal Tax Electronically, or Track Your Refund
Source: www.IRS.gov Click the buttons to follow the links. Where's My Refund allows you to enter your Social, Filing Status, and amount of Refund and the IRS will let you know the exact date of your direct deposit or when your check will be mailed. IRS e-file Options are For: [...]
