Auto Rebates and Coupon Tax Facts #auto #reviews


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Auto Rebates and Coupon Tax Facts

By Donna L. Montaldo. Coupons/Bargains Expert

Donna Montaldo is a journalist who combines her past experience in the retail industry with her experience and passion for using coupons and finding bargains. Read more

Consumers and automobile manufacturers benefit from the many cash-back coupons and rebates offered on car sales. Another group that benefits greatly are the state tax collectors.

Last year cash rebates totaled more than $28 billion, according to Edmunds.com. Although much of the 28 billion is returned to the consumer, many states collect sales or excise taxes on the pre-rebate sale price.

Continue Reading Below

Consumers are Catching On

Car buyers are launching complaints when they discover that they paid sales tax on the pre-rebated amount of their automobile purchase.

Jack Gillis of Consumer Federation of America told the Washington Post that he finds the policy outrageous and said Sales tax always has to be based on the actual sales price. With a rebate, that s price less the rebate. What s the next step – you go ahead and charge tax on the MSRP (manufacturer s suggested retail price) even though you ve negotiated $5,000 off the price?

In many states, car sales taxes are handled much the same way as grocery store coupons. If an in-store coupon or frequent shopper card results in the consumer paying a lower amount for an item, then the savings is subtracted from the total before the tax is computed.

However, if the consumer uses a coupon supplied by a manufacturer, then the tax is figured on the total sale first then the coupon amount is deducted. If the consumer savings comes by mailing in a rebate, the sales tax is based on what the consumer pays at the time of purchase.

Continue Reading Below

In car sales, consumers who purchase a car using the popular employee discount method would pay taxes based on what they paid at the time of sale. However, if the consumer receives a manufacturers coupon that reduces the price, the tax is calculated at the full sale price and then the coupon amount is deducted from the sale.

How Much is it Costing Consumers?

Example:

Auto Price – 30,000

  • Automatic Manufacturer Discount – 10 percent
  • Adjusted Auto Price – 27,000
  • Sales Tax (Based on 6 percent) – $810
  • Total Price Paid by Consumer – $27,810

Auto Price – 30,000

  • Manufacturer Rebate Coupon – 10 Percent
  • Sales Tax (Based on 3 percent) – $900
  • Adjusted Auto Price – $30,900
  • Coupon Deduction – $3,000
  • Total Price Paid by Consumer – $27,900

Difference – $90

Because of consumer confusion about coupons, rebates and sales tax, some manufacturers are considering reducing the prices of the automobiles on a permanent bases which would mean consumers are taxed based on how much they actually pay for the car.

Not all states tax car sales the same way. In Delaware, consumers pay 2.75 percent of the price consumers pay at the time of sale. If a rebate or coupon is subtracted from the total at the time of sale, then the consumer pays tax based on the adjusted amount. If a rebate is paid to the consumer at a later time then at the point of sale, then they have the option to complete a state form requesting a refund on the rebate amount.

The debate over the future of rebates in the auto industry continues with some analysts who believe they are here to stay.

George Hoffer, professor of economics at Virginia Commonwealth University, told the Washington Post, Lower list prices and cutting dealer margins forces the dealer into narrow band of prices. It guarantees factories will have to come back with rebates.

Tax and National Insurance when you – re self-employed – Money Advice Service #self #employed #tax #deductions


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Tax and National Insurance when you’re self-employed

When you’re self-employed, you are responsible for paying tax and National Insurance on your income. It’s important to stay on top of all your records in order to calculate and work out how much you need to pay.

Work out your employment status

HMRC’s Employment Status Indicator will tell you whether you’re self-employed, or employed. Scroll down for information on using it.

To work out how much tax and National Insurance you should pay, first you need to work out whether you’re employed or self-employed.

This is usually straightforward, but sometimes it’s a bit more complex – for example you could be employed in one job and at the same time self-employed in a different job.

The HM Revenue Customs (HMRC) website has a tool called the Employment Status Indicator that will work out your employment status for you based on your answers to a series of questions.

It’s completely anonymous and won’t ask for your name or any other personal details.

Using the Employment Status Indicator

There are two pages to read before you get to the tool.

  1. On the first page, read the information and click “Access the ESI tool and further guidance”.
  2. On the second page, read the ‘Conditions of use’ section and if you agree, click “I accept the conditions of use – go to the ESI tool”.
  3. Answer the questions.

The tool uses some technical language, so when you answer the questions remember:

  • You are ‘the worker’
  • The person or company you work for is ‘the engager’

Register with HMRC as self-employed

To make sure you don’t miss any payments, it’s best to pay your National Insurance contributions by Direct Debit.

As soon as you become self-employed you must tell HMRC.

The very latest you can register with HMRC is by 5 October after the end of the tax year for which you need to file a tax return.

The tax year runs from 6 April one year to 5 April the next. If you register too late you might be liable to penalties.

You can register online to pay taxes on the HMRC website. or by calling the HMRC Newly Self Employed Hotline on 0300 200 3504.

How much tax and National Insurance do I pay as self-employed?

If you’re self-employed, you will probably need to pay National Insurance contributions (NICs) as well as income tax.

This currently includes Class 2 NICs (a flat rate charge on the self-employed) and Class 4 NICs (contributions based on profits made).

These contributions pay for benefits such as the:

  • Basic State Pension,
  • Maternity Allowance
  • Bereavement Benefit

If you don’t keep your contributions up to date, or your payments are late, it could make it more difficult to claim these benefits.

The government has announced Class 2 NICs will be abolished from April 2018.

Proposed increases to Class 4 NICs, which were announced during the March 2017 budget, will no longer go ahead during this parliament.

Check whether you need to register for VAT

Some self-employed people also need to register for VAT. Others might benefit from registering voluntarily.

Find out if you need to register for VAT in this interactive guide from HMRC.

Keep good records

To work your tax out correctly you’ll need good records of the money that comes into and goes out of your business.

It will be much easier to fill in your tax return if you keep good records as you go along rather than trying to find all your invoices and receipts at the end of the year.

You can be fined for failing to keep records.

Your basic records must include:

  • All your sales and takings
  • All your purchases and expenses

To work these out you should keep any paperwork or electronic documents relevant to your business, including:

  • Cashbooks
  • Invoices
  • Mileage records
  • Bank statements
  • Receipts for purchases
  • Your P60s if you are also employed

Fill in a tax return every year and pay your tax on time

HMRC is offering guides, videos and live webinars to help people complete a Self Assessment tax return. Please visit this site opens in new window to access the information and for webinar dates and times.

In April each year, HMRC will send you a letter telling you to complete a tax return online, or a paper tax return to fill in, for the tax year that has just ended.

There are different deadlines for completing your tax return and paying the tax you owe.

Tax return deadlines

  • Online tax return: 31 January after the end of the tax year.
  • Paper tax return: 31 October after the end of the tax year .

The tax year begins on 6 April and ends on the following 5 April.

Payment deadlines

  • 31 January is the payment deadline for the balance of what you owe for the previous tax year. Normally you will already have made two payments on account for that year. This is also the deadline for making your first payment on account for the current tax year.
  • 31 July is the deadline for your second payment on account for the current tax year. The nature of Self Assessment means that it can be several months before your tax is due. It’s good practice to make provision for any tax owed on an ongoing basis.

Not sure how much you’ll have to pay? Budget for your Self Assessment tax bill with HMRC’s Self-employed ready reckoner tool.

To speak to an advisor and access webinars about your self-assessment tax return visit HMRC Support.

Did you find this guide helpful?

State taxes: Wisconsin #wisconsin #state #income #tax


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State taxes: Wisconsin

Overview of Wisconsin Taxes

The Wisconsin state income tax rate is currently 4% on the low end and 7.65% on the high end. The income tax rate varies over 4 income brackets. More on Wisconsin taxes can be found in the tabbed pages below.

Personal income tax

Wisconsin reduced both its tax rates and the number of income tax brackets beginning with the 2013 tax year. The income that falls into these brackets is shown below.

For single taxpayers, the rates are:

  • 4% on the first $11,090 of taxable income.
  • 5.84% on taxable income between $11,091 and $22,190.
  • 6.27% on taxable income between $22,191 and $244,270.
  • 7.65% on taxable income of $244,271 and above.

For married taxpayers filing joint returns, taxes are assessed at:

  • 4% on the first $14,790 of taxable income.
  • 5.84% on taxable income between $14,791 and $29,580.
  • 6.27% on taxable income between $29,581 and $325,700.
  • 7.65% on taxable income of $325,701 and above.

Wisconsin’s tax returns are due April 15 or the next business day if that date falls on a weekend or holiday.

Wisconsin offers an earned income tax credit to its residents. This credit provides a direct benefit to working families with qualifying children. The benefit amount depends on the total household income and the number of children.

Sales taxes

Wisconsin has a sales tax of 5%.

Further, 62 counties have an additional sales tax of 0.5%. Retailers who make sales subject to applicable county taxes must collect 5.5% sales tax on their retail sales.

Sales of motor vehicles, boats, recreational vehicles and aircrafts are subject to the county use tax of 0.5% rather than county sales tax based on the county in which the item is customarily kept.

Personal and real property taxes

The most common property tax assessed on Wisconsin residents is the real property tax, or their residential property tax. Wisconsin does not impose a property tax on vehicles, but does levy an annual registration fee.

The Division of State and Local Finance. or SLF, is responsible for establishing the state’s equalized values; assessing all manufacturing and telecommunication company property for property tax purposes; assessing and collecting taxes on utilities, railroads, airlines, mining and other special properties; and providing financial management and technical assistance to municipal and county governments. It also administers the state shared revenue, property tax relief payments for municipal services and the lottery credit program, and the tax incremental financing programs, along with providing property assessment administration and certification of assessment personnel.

Equalized values are based on the full market value of all taxable property in the state, except for agricultural land. In order to provide property tax relief for farmers, the value of agricultural land is determined by its value for agriculture uses, rather than for its possible development value.

Equalized values are used to distribute state aid payments to counties, municipalities and technical colleges. Assessments prepared by local assessors are used to distribute the property tax burden within individual municipalities. You can find your county’s or municipality’s equalized value on the Department of Revenue’s website.

Details on Wisconsin’s property tax system can be found in the Department of Revenue’s Guide for Property Owners .

Wisconsin has 2 programs to help people with their property taxes: the homestead credit and the Property Tax Deferral Loan Program.

  • The credit is income-based and available to renters as well as homeowners. Further information about the homestead tax credit is available by calling the Department of Revenue at (608) 266-8641.
  • The loan program is operated by the Wisconsin Housing and Economic Development Authority. or WHEDA, and provides loans to qualifying elderly homeowners to help pay for property taxes. Details can be obtained by calling WHEDA toll-free at (800) 562-5546.

Inheritance and estate taxes

Wisconsin does not collect inheritance taxes.

Wisconsin does not collect an estate tax. It will not impose an estate tax unless the federal estate tax law is modified to provide a federal estate tax credit for state death taxes.

Other Wisconsin tax facts

Wisconsin maintains an online listing of delinquent taxpayers .

Wisconsin taxpayers can use several online options, such as filing returns and checking their refund status online .

The Wisconsin Department of Revenue also administers unclaimed property. Unclaimed property is any financial asset that hasn’t had owner activity for a year or more and the holder of the asset is not able to contact the owner. In addition to traditional financial assets — such as savings and checking accounts, stock, and mutual funds — unclaimed property includes utility deposits, unclaimed wages and property resulting from a business closure. The law does not include real estate.

For more information, contact the Wisconsin Department of Revenue at (608) 266-2772, or visit its website .

To download tax forms on this site, you will need to install a free copy of Adobe Acrobat Reader. Click here for instructions.

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Photocopier Lease Guide – Advice and Benefits of Leasing a Copier #leasing #tax #benefits


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Photocopier Lease Guide for London

Photocopier Leasing

Leasing a photocopier is one way for you to avoid the initial capital outlay required for outright purchase. Whilst the overall outlay is slightly more with a photocopier lease as opposed to a straightforward purchase there are sound reasons to consider it as a method of finance for office equipment such as an office printer or copier machine.

Leasing is a well-established and tax efficient form of finance, enabling cost-effective trade-up access to the very latest technology at the right time. An example of a leasing company that specialises in business equipment such as office photocopiers is ING Lease. one of the top five leasing companies in Europe. Their site may help further in familiarising with the various finance options and how leasing can be adapted to suit each business’ preference.

We hope this guide helps with understanding the key benefits of lease finance as well as offering useful advice if you are looking to lease a photocopier. Of course, if you have any questions please do not hesitate to contact us.

Photocopier Lease Guide – Contents

What are the benefits of photocopier leasing?

For many businesses the purchase of an important office utility such as a photocopier or printer may be a daunting investment, mainly due to the associated large up front sum but also the prospect of it becoming obsolete in five years time. Leasing a photocopier is the smart alternative with numerous good business-sense advantages:

Budgeting

Many businesses earn revenue over time – to pay as you use makes sense: Why pay out in one lump sum when with leasing you can make small fixed manageable payments? It equates to pay as you use. Payments made throughout a lease arrangement are unaffected by changes in interest rates; you can therefore accurately plan for lease payments in advance. And as cash flow can be forecast, cost of use can be compared with projected revenue and profits generated by the use of the photocopier / printer.

Tax efficiency

Leasing can reduce your overall tax bill, as the cost is deductible as a business expense reducing the net cost of leasing the equipment. This factor will help determine whether to rent or lease, rather than buy. If you buy you will be able to claim 40% of the photocopier / printer purchase price against tax in the first year and thereafter claim 25% of the outstanding balance. If you lease you do not have to pay the cost of the photocopier or printer immediately and you may reclaim everything you pay out on a ‘by payment’ basis – monthly, quaterly or annually.

Upgrading Technology

It is well accepted that a photocopier or printer is not a business asset that appreciates: IT depreciates faster than the vast majority of purchased assets. So save purchases for assets that either appreciate or depreciate less. Leasing gives more freedom for up to date office equipment, important with printers and copiers, to be installed as required, less affected by budget restraints. Photocopier and printer leasing improves cash flow and creates a hedge against inflation, depreciation and obsolescence. Importantly, it allows you to take advantage of technology improvement at a time of your choosing and at a reasonable cost. By contrast, a business that owns its office equipment can only upgrade by reinvesting and disposing of the existing asset. A photocopier lease with Club Copying will include provisions to trade up to a newer model or, when necessary, to one that accommodates the higher volume, speed and features your business requires at the right time, giving you freedom to upgrade without buying new.

Multifunctional

Because the latest photocopier and printer machines are multifunctional i.e. they combine all the functions of a scanner, fax machine, printer, colour printer (if applicable), pdf writer, document manager (send files to email and mailbox), and photocopier, it makes sense to be able to upgrade all these products and facilities at the same time rather than having to deal with multiple outdated machinery. This is one of the newer benefits of leasing combined with the latest multifunctional technology.

Capital

It makes sense to use capital for expansion or appreciating business purchases. Leasing for office technology preserves precious resources for these purposes and other business opportunities. Furthermore, you are able to preserve your existing bank lines and optimise your use of commercial credit sources.

Flexible Payment

You can choose the option that makes for the most comfortable leasing arrangement, normally up to 5 years, giving immediate access to the photocopier / printer equipment you need, the necessary speed, and the right multifunctional technology, via payments your business can handle and without the large deposit normally associated with outright purchase.

Return on Investment

Let the new equipment provide you with a return. The reason for a new photocopier or printer is to increase productivity; with leasing you are in the position to use the cost saving and increased production ROI to make the periodic payments.

Buying Tips for a Photocopier Lease

  • Test drive it: When deciding between two or three copier models, please feel free to ask us for a demonstration of how the machines work. Or if it is more a case of colour print quality ask a Club sales representative to forward you copies or prints of your own document files ensuring satisfaction in advance.
  • When not to: If you expect to make fewer than 700 copies a month, you probably do not need to lease a business copier. You would be better off purchasing a smaller desktop copier or multifunctional laser printer that would cost much less overall – unless you want the advanced features of a business photocopier or printer.

Who retains the equipment at the end of the photocopier lease?

Title to the goods remains with the finance provider, which means the equipment does not show on your company balance sheets and therefore not applicable to the expected value depreciation over a fixed period. This of course gives you the advantage of staying in touch with the latest technology by changing your equipment towards the end of your lease.

Can we upgrade before the photocopier lease agreement expires?

Yes. A Photocopier Leasing facility allows businesses to keep up with changes in technology as your original installation can be altered either during or at the end of your lease period. The normal reason for this is due to a customer’s expansion of business and their changing needs.

Why should I choose photocopier leasing?

All sectors of the British economy take advantage of Photocopier Leasing; it is the most popular choice for small businesses that need a mid-to-high volume photocopier or printer just as a large multi-national organizations prefers to keep a tighter control on their finances and enjoy the tax efficiency and upgrade opportunities of a lease agreement over purchasing.

How does photocopier leasing work in practise?

Leasing is a contract between a finance company and a customer, giving the customer use of the equipment on payments of rentals over a period. When you lease equipment you make a series of regular (usually tri-monthly) payments, instead of a large capital outlay.

Why lease a photocopier rather than purchase?

The cash flow and tax relief benefits of leasing provide a very strong case against cash purchase. If you buy equipment outright the capital invested becomes, in effect, tied up in a depreciating asset. Photocopier Leasing on the other hand allows you to save resources for other purposes or opportunities. To be sure of the right decision for your business specifically, speak to your accountant who can advise upon what is best for your company financially.

Enquiries

For specific enquiries regarding leasing agreements with Club Copying feel free to call and speak with one of our staff who have many years of dealing with the various lease finance options available.

Photocopier Buyer’s Guide – If you would like any advice for choosing a copier or printer for your office feel free to consult our guide.

Club Copying – 30 years of Service to London Business – 020 7635-5252

For any enquiry regarding photocopier machine prices, to discuss leasing or if you would like to arrange a demonstration please complete the form below then click the ‘Send enquiry’ button. Alternatively you can contact the sales team on 020 7635 5252 .

Accounting & Tax Planning in Sioux City, IA #resolve #tax


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Kramer & Associates, LLC

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At a recent hearing before the Subcommittee on Oversight of the Committee on Ways and Means, I was asked a seemingly simple question about what types of guidance taxpayers can rely on. Unfortunatel.

amp;nbsp; amp;nbsp; The Taxpayer Advocate Service (TAS) will conduct Problem Solving Day events in communities throughout the country in the coming months and year. During these events, TAS empl.

In an earlier blog I discussed my concern about how the IRS amp;rsquo;s private debt collection (PDC) program affects taxpayers who are likely experiencing economic hardship. amp;nbsp;In this blog.

Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details ar.

I have always had concerns about outsourcing tax debts to private collection agencies (PCAs). amp;nbsp;First, I believe tax collection is an amp;ldquo;inherently governmental function amp;rdquo; w.

Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details ar.

Since 2004, when Internal Revenue Code (IRC) amp;sect; 6306 was enacted as part of the American Jobs Creation Act, the IRS has had the statutory authority to outsource the collection of tax debt.

Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details ar.

Each year the IRS sponsors the Nationwide Tax Forums, a three-day series of tax education and networking conferences for tax professionals in cities around the country.These events feature the late.

Today the National Taxpayer Advocate released her Fiscal Year (FY) 2018 Objectives Report to Congress, identifying the priority issues she and TAS will address during FY 2018. In her preface to the.

SJD Accountancy – Accountants for Contractors, Freelancers and Consultants #accountancy,limited #company,contractor #accountants,contractor #limited #company,accountants,freelancer #accountants,consultants,london,tax,inland #revenue,contracting,tax #help,tax #planning,ir35,vat #registration,it #contractor,umbrella #company,contractor #expenses,contractor #guides,case #studies,take #home #pay #calculator,company #formations


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SJD Accountancy – Specialist Contractor Accountants

Tax is complicated and sometimes only a meeting will do. That’s why we don’t just provide a ‘telephone only’ service like many other companies; we also offer unlimited face to face meetings from our many offices across the UK.

With over 15,000 Limited company clients, SJD is the UK’s largest contractor accountants. We also have more qualified staff than any other firm in our market, boasting qualifications from major tax and accountancy bodies such as ATT, AAT, CTA, ACCA, CA, ACA, FCCA.

No call centres, no outsourcing, no automated call handling – just your own friendly dedicated accountant.

SJD Accountancy has won more awards for accounting excellence and customer service than any other contractor accountant specialist, so you know you’re in good hands.

Low Cost all inclusive Accountancy packages

We’ll take care of all your business and personal taxation needs. This includes:

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Our Essential business package covers all your company accounting needs and personal tax affairs.

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Yearly Federal Tax Calculator 2017 #yearly #tax #calculator #2017,yearly #tax #calculator #2018, #yearly #tax #calculator, #yearly #medicare #calculator, #yearly #social #security #calculator, #yearly #fica #calculator


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Tax Form Calculator

Yearly Tax Calculator

How to use the advanced tax calculator

  1. Enter your Yearly income.
  2. Check the box – Advanced Federal Tax Calculator
  3. Confirm Tax Year for Tax Calculation
  4. Choose Standard or Itimized Tax Return Calculation
  5. Confirm Number of Dependants
  6. Confirm Number of Children you claim Tax Credits for
  7. Enter Tax Withholdings for Tax Rebate Calculation
  8. Select other relevant tax factors (Age related tax allowances, head of household tax allowance, tax-deferred retirement plan, cafeteria etc)
  9. Click Calculate to see your tax, medicare and take home breakdown – Federal Tax made Simple

Recent Updates to the Tax Form Calculator

[23 rd May 2016]: Additional Medicare Tax added for those who exceed the annual earning threshold. This feature is integrated with all of our tax calculators. We have also provided a dedicated FICA calculator for those who just wish to calculate / audit this specific tax element.

[09 th May 2016]: New Comment Feature. We have added a new comment feature to certain pages to allow you to provide direct feedback. This is for those who prefer not to contact us directly or if you want to leave any comments about the site or the tax and finance tools we provide. Be nice please..

[04 th May 2016]: New site design. As a final push to maintain this site as a free resource we have redesigned the layout and added some new tools. Our aim is to increase your user experience and encourage those who use ad-blocking software to turn it off or add us to the white list in your ad-blocking software. The increasing use of ad-blocking software by our users has meant that we are struggling to sustain the tax Form Calculator as a free resource and are currently considering either charging for the service or scrapping the site completely. If you care about the web and like free tools, please don’t block the ads. We know ads can be annoying but this site is free to use, help us keep it that way.

[29 th March 2016]: IRA and 401k calculators integrated into the Tax Calculator. Select advanced, use settings ‘I am between 50 and 65 years of age’ as relevant and ‘IRA and 401K Calculator’ inputs to calculate 401K and IRA as part of your tax return calculation. More info on using the IRA / 401K Calculator here .

[02 th March 2016]: For our Canadian users: We are working on a comprehensive Canadian Federal, Province and Non-resident Tax Calculator. we expect to have all elements fully integrated by the end of April (print, save, etc.). Take a look and let us know your thoughts, as always we tweak our calculators design, look and outputs to suit our communities needs. We will be providing a similar interface for the US Tax Calculator this year pending further community feedback .

[10 th October 2015]: 2016 Tax tables integrated into the Tax Calculator.

The Federal Tax calculator is updated to include the latest Federal tax rates for 2015-16 tax year as published by the IRS .

2016 Tax Refund Calculator

Calculate your total tax due using the tax calculator (updated to include the 2016 tax brackets). Deduct the amount of tax paid from the tax calculation to provide an illustration of your 2016 tax refund.

Tax Illustrations

Looking for a quick snapshot tax illustration and example of how to calculate your tax return? Go to our Salary Tax Illustrations and select an annual salary assessment for an instant tax illustration with tax breakdown and Medicare example.

Updates to the 2016 Tax Calculator

The following updates have been applied to the Tax calculator:

  • Selectable Tax year.
  • Tax calculations allow for Tax-Deferred Retirement Plan.
  • Tax calculations allow for Cafeteria or other Pre-Tax Plans.
  • Selectable Tax year.
  • Updated to include 2016 Federal tax rates.
  • Updated to apply Medicare and Social Security deductions as Pre-Federal Tax calculation Thank you Justin Duel .
  • Calculate Child Tax Credit Refunds.
  • Apply Local Tax rate deductions.
  • Apply Earned Income Tax Credits (Currently works with Child Tax Credits only, further suggestions welcome).
  • Personal Exemptions Phaseout added.

Note:Deaf, Blind or Disabled and Qualified Disabled Veterans are currently active for Michigan only. If you would like these activated for your state, please leave a message on our tax forums. ideally you should also confirm the allowance amount for your State as well.

This federal tax calculator is as good as the feedback, your support, requests and bug catches help to improve the accuracy of the tax calculator for all.

This tax calculator aims to balance ease of use with transparency of tax calculation but is provided for illustration only. Remember that you should always seek professional advice and audit your tax return

If you would like us to add anything information to the Tax Calculator or have a comment (always good to have positive feedback! also good to have ‘this could be better if. ‘ type feedback too.), please contact us, thank you. .

12 Free Samples of Donation Receipt Template #receipt #for #tax #deductible #donation


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12 Samples of Donation Receipt Template to Create Instant Receipts

12 Samples of Donation Receipt Template to Create Instant Receipts

During the year, numerous individuals like to make generous donations to their favorite charity. Often, they might make several donations to a charity through the year. In some circumstances, the charitable donation is made in cash to the charity. Of course, most are made by check. Therefore, the person donating does have proof that they indeed made a donation to the charity. However, a donation receipt would come in handy around tax time. The donation receipt acts as proof that the individual gave a donation to the charity. Every organization should make sure that they have a donation receipt to give to those that make donations for their records and the recipient s records. The donation receipt template here is professional quality and contains all the information that is required to fill it out accurately and precisely.

Using A Donation Receipt Template

The donation receipt template is very easy to use. Simply select the template desired. The templates were designed with Word and Excel, which makes the templates easy to customize with your own organizational details, logo, and more. The best part is that there is no need for expensive graphic programs or expensive software. Word and Excel are programs that are included on most computers already. Simply download the template to your computer. Take a look at the template. Decide on the areas that you would like to change. For example, add a logo, change the fonts, change the color of the fonts, add a picture, add signature lines.

Print out one donation receipt as needed or print out several hundred at a time. The template should be stored on the computer for future use. At a later time, it is easy to update the template with new information as required. Download the donation receipt template now and start printing out professional quality donation receipts.

Printable and Editable Donation Receipt Templates

Contribution Receipt Template

Sample of Tax Deductible Donation Receipt Template

Donation Receipt Template for Church

Church Donation Receipt Example

Equipment Donation Receipt Example

Donation Receipt Template for Excel

Tax Audit Insurance #us #tax #shield #cost


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There is a good reason that more than 95% of our clients say that they would recommend Audit Shield to other accounting firms*. Audit Shield has proven to provide relief, both to accountants and their clients. In fact, for those who utilise Audit Shield, currently more than $1 million in claims is paid per month to cover the professional fees associated with audit activity. This is evidence that audit activity is prevalent and Audit Shield is an effective mechanism in alleviating the financial effects.

The tax audit insurance offering covers the professional fees that help you, as an accountant, assist your client to respond to an official audit, enquiry, investigation or review of returns lodged with the Australian Taxation Office (ATO) or other federal, state or territory government revenue agency. Audit Shield avails you the confidence to help your clients, while our team deliver customised and comprehensive solutions that meet your needs. More than 2800 accounting firms across Australia, New Zealand and Canada have implemented Audit Shield.

Audit Shield provides cost effective protection and assistance against the substantial cost that may be incurred should the ATO or other government revenue agency conduct an audit, enquiry, investigation or review. Our offering will cover the costs of processes that are being made to ensure a business or taxpayer is in compliance with various tax and legislative requirements such as:

  • Income, Land and Payroll Tax
  • BAS/GST Compliance
  • Workers Compensation / WorkCover
  • Superannuation Guarantee and Compliance
  • Self-Managed Superannuation Funds
  • FBT
  • Record Keeping
  • Any query of any lodged return where the client is compelled to respond or act**

* Based on Accountancy Insurance’s Client Perceptions Survey 2014.

* Subject to the terms and conditions of the policy. Information about our tax audit insurance policy cover is provided on the Policy Cover page.

Contact Accountancy Insurance to learn more about how accountants insurance can help you to implement Audit Shield (tax audit insurance) into your Australian practice. One of our team members will be in touch promptly to discuss your needs and tailor a tax audit insurance solution for you.

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Audit Shield is underwritten by AAI Limited (ABN 48 005 297 807) trading as Vero Insurance (AFS Licence 230859). Accountancy Insurance Underwriting Pty Ltd (AFS Licence 340731) issues the product under a binder and AI provides financial product advice about and distributes the product. AIU and AI are related companies. AI is remunerated [by commission] from [AIU] when you enter into an Audit Shield [or Accountants PI] insurance contract that we arrange. Insurance will not cover every event or loss. Limits apply to cover. Cover provided by an insurance policy is subject to the terms, conditions and exclusions described in the relevant policy. Contact us for a copy.

Accountancy Insurance Level 9, 60 Albert Road, South Melbourne, VIC 3205 Australia (03) 9257 3000.

Florida Tax Solvers #oregon #tax #attorney


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Resolving Your IRS Problems

We re on your side Top Florida Tax Attorney

Thank you for visiting our web site. My name is Steven Klitzner and I am an Attorney at Law who limits my practice to tax law and helping people get rid of their IRS tax problems throughout the Miami Metro area and surrounding communities.

By now you probably have realized that the IRS can be very intimidating and aggressive to the tax payer. However, we eliminate that stress for you by dealing directly with the IRS on your behalf. You no longer have to deal with the harassing phone calls and letters from the IRS. Your tax problems can be solved for good.

Experience dealing with the IRS

As an experienced tax attorney, my associates and I deal with the IRS on a regular basis, and we have the knowledge and experience to advise you of options for resolving your IRS problems. The IRS officers actions and advice are in the governments best interest.

You need someone working on your behalf to protect your interests. IRS problems do not go away unless they are dealt with. In fact, they only get worse the longer you wait to have them taken care of, with penalties and interest being added daily.

Don t delay, get started today

As you may already know, the IRS can garnish your wages, put liens and levies on your bank accounts and homes, and much more.

Don t wait any longer to have this taken care of and get the peace of mind you have been wanting. By contacting a tax attorney such as myself, you can reduce your tax debt, potentially remove a lien, stop a garnishment and put an end to your headaches.

Please click on Our Services to learn some of the many services we offer, or:

Tax Attorney Florida Residents We re Local!

We re happy to meet with you in-person to discuss your tax problems.

Law Offices of Steven N. Klitzner, P.A.
2627 N.E. 203rd Street, Suite 213
North Miami Beach, FL 33180

Miami Area and Communities Served

Tax Attorneys in San Jose, San Francisco and San Mateo #tax #attorneys #san #francisco, #tax #attorney


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Resolving IRS and California Tax Problems Since 1997.

Get Help with TaxHelpers

Services

Results Testimonials

When I got my first letter from the Internal Revenue Service, I was in complete shock. The letter stated that I had a 166,000 tax liability. I found Alex through an internet search and we had a short conversation but at that time I was too scared to act on anything and it took an IRS field agent coming to my house to force me into action. Alex was upfront from the beginning about the process. He is worth every penny as my case was settled for $720.00. Thank You Alex, you saved my marriage, my home, and have given me a chance to rebuild my life.

I just wanted to take a moment to thank you for your help in resolving my tax problems. You were always up-front and honest with me, and I feel you led me in exactly the direction that was best for me.

Your fees were very reasonable, and only a fraction of the 65K you saved me; I’m glad I chose you to represent me.

What Caused Your Tax Problem?

Our tax attorneys defend your rights and design innovative and personalized tax relief strategies at reasonable rates. Whether you need assistance with applying for an Offer in Compromise. the IRS Fresh Start Program. penalty abatements, or resolving tax liens and wage garnishments. we are here to help! If you are searching for a tax attorney in San Jose or the entire Bay Area, remember that TaxHelpers has nearly two decades of experience providing ethical representation for our clients. Our tax attorneys are proud to have helped many San Francisco Bay Area Taxpayers get their financial future back on track. Let us do the same for you!

Back Taxes Caused By Divorce : Stressed-out spouses that are struggling to pay for lawyers and child support may forget about filing or paying taxes. Although a personal hardship does not excuse tax debt. a resolution to your
situation is possible! We can advise you on various relief programs that can help you get your personal and financial future back on track.

Tax Penalties Forgiven Due To Illness: Good health is a priceless possession. However, when you are facing a serious illness, the consequential costs seem to pile up extremely quickly. Major health concerns are a common cause of IRS tax delinquencies, and there
are several tax relief programs available. Let an accomplished tax lawyer help you determine the next steps in rebuilding your financial health with personalized consultation services.

Tax Debt Resulting From Financial Hardship : Losing your job is not an excuse for neglecting to file taxes, and once the IRS labels you as a tax debtor things can get worse quickly. Dealing with unforeseen financial struggles is a part of life, but IRS issues don’t have to be! Contact us today to see how a TaxHelpers tax attorney can help you handle your tax penalties and effectively deal with the IRS.

Back Taxes From A Tax Audit : Although an IRS audit is not an uncommon occurrence, it can be an overwhelming and intimidating process. IRS agents may even come to your home or business to investigate your tax situation and/or attempt to resolve possible tax debts. An expert tax lawyer can help you be prepared at each stage of the audit process with personalized strategies designed to save you money and defend your rights.

Business Decline Caused Payroll Tax Problems : Virtually every small business owner we’ve met has been stressed with cash flow issues at some point. However, complying with employment tax obligations is non-negotiable, and failure to do so will compound your debt and may destroy your business. If your business is struggling with 940, 941 payroll taxes, TaxHelpers can help you resolve your IRS tax debt so you can keep your doors open. We also help with EDD and State Board of Equalization.

Unfiled Tax Returns Caused By Addiction : Substance abuse can cause a host of serious problems, and as the illness progresses financial obligations usually take a back seat or get ignored completely. Let one of our compassionate tax attorneys help you resolve your tax problems through various IRS relief programs before your debt spins completely out of control.

Our tax attorneys are experts in Offer in Compromise. Penalty Abatements, Wage Garnishments, Tax Lien Issues, Filing Back Taxes and IRS Fresh Start Program. TaxHelpers proudly represents taxpayers all over California, including Alameda, San Mateo, Santa Clara, Contra Costa, San Francisco and Sacramento.

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Online Services – Board of Equalization #tax #relief #california


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Register for a Permit, License, or Account

You can register online for most sales and use tax accounts and special tax and fee programs, including, but not limited to:

  • Seller’s Permit
  • International Fuel Tax Agreement (IFTA)
  • Timber Yield Tax
  • California Fuel Trip Permit
  • Annual Flat Rate Decals
  • Prepaid Mobile Telephony Services Surcharge

You can also use the registration system to:

  • Pay Use Tax
  • Claim an exemption on a purchase of a vehicle, vessel, aircraft or mobile home
  • Pay taxes on internet purchases of cigarette/tobacco products

You will answer questions regarding your business activities and the registration system will identify the permits and licenses required.

The registration process will automatically save the information at each step, allow you to quit at any time and continue at a later date.

Note: Partially completed applications will be deleted after 30 days.

Renew a License and/or Request Additional Decals

You can also use our online registration system to renew your license for Cigarette and Tobacco Products, International Fuel Tax Agreement (IFTA) and/or request additional decals.

File a Return

Depending on your type of business, the BOE offers convenient online filing services for eligible accounts to file tax returns, prepayments, reports, and claims for refund (Motor Fuels Tax accounts only). The following programs are available for online filing:

Make a Payment

We offer a number of convenient payment methods for our tax and fee payers to apply toward current and past due liabilities. Usually, customers who are filing a return also make payment at the same time. You can also make payments directly from your bank account, credit card, check, or money order. In addition, some of our customers are required to make payment through an Electronic Funds Transfer (EFT). Select your payment method now.

Relief Requests

With relief requests, you can submit a request for relief from penalty and/or interest charges or fee. You can also submit a request for an extension if additional time is needed to file your tax or fee return or prepayment. Requests can be submitted for the following:

  • Declaration of Timely Mailing
  • Extension of Time to File a Tax/Fee Return
  • Relief from Penalty or Interest
  • Relief from Penalty and Interest Due to Disaster
  • Relief of the Collection Cost Recovery Fee

Note: Relief requests cannot be submitted for Timber Yield Tax, Insurance Tax, and Surplus Line Broker Tax accounts.

Cigarette Tax Stamp Program

Licensed cigarette distributors can order and check on the status of their orders online. To use the system, you must be a registered stamp purchaser and have a valid e-mail account, user ID, and password.

Permit, License, or Account Verification

The Permit, License, or Account Verification system is available to help you determine if a:

  • Seller’s permit number included on a resale certificate is valid
  • Prepaid Mobile Telephony Services Surcharge account is valid
  • Cigarette/tobacco license is valid
  • Vendor of covered electronic devices (CED’s) is registered to collect and remit the electronic waste fee.
  • Underground Storage Tank Maintenance Fee Account is valid

BOE Mobile Services

BOE has created web applications for your mobile devices to easily and conveniently obtain useful information.

Services

Other Online Services

What is online registration? (Espa ol | | | Ti ng Vi t )

Online registration is a convenient, fast, and free way to register online for a permit, license, or account with the BOE.

Who can register?

Anyone with a computer and internet access can use the quick and convenient system.

What are the benefits?

  • One click starts the process for the permits, licenses, and accounts
  • You can easily apply for new licenses or add business locations
  • The system is free to use but some permits, licenses, or accounts may require a fee or deposit
  • View the status of your application(s) online
  • Get emails with updates on the status of your application(s)
  • Online help and live assistance during business hours
  • Get links to reference materials related to your business activities

Click Here to
Get Started

What can I do?

  • Get a seller’s permit
  • Add a new business location to an existing BOE account
  • Register as a qualified purchaser
  • Pay use tax for one-time purchases
  • Pay use tax or claim an exemption for vehicles, vessels, aircraft, and manufactured or mobile homes
  • Register for a Timber Yield Tax account
  • Register as a cigarette retailer and pay the licensing fee
  • Register to pay taxes on internet purchases of cigarette or tobacco products
  • Register for an International Fuel Tax Agreement (IFTA) account and purchase IFTA decals
  • Renew a license for cigarette and tobacco products, International Fuel Tax Agreement (IFTA) and/or request additional decals
  • Apply for and purchase a California Fuel Trip permit
  • Apply for and purchase Annual Flat Rate Decals for private passenger vehicles
  • Register for other Special Tax and Fee Programs

How can I learn more?

The Board of Equalization has developed a number of informational and marketing materials to help you or your organization learn more.

The California Board of Equalization Electronic Registration application won a 2013
Digital Government Achievement Award in the Government-to-business category

File a Return

IRS Offers New Penalty Relief and Expanded Installment Agreements to Taxpayers under Expanded Fresh Start Initiative #tax #relief #programs


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IRS Offers New Penalty Relief and Expanded Installment Agreements to Taxpayers under Expanded Fresh Start Initiative

IR-2012-31, March 7, 2012

WASHINGTON — The Internal Revenue Service today announced a major expansion of its “Fresh Start” initiative to help struggling taxpayers by taking steps to provide new penalty relief to the unemployed and making Installment Agreements available to more people.

Under the new Fresh Start provisions, part of a broader effort started at the IRS in 2008, certain taxpayers who have been unemployed for 30 days or longer will be able to avoid failure-to-pay penalties. In addition, the IRS is doubling the dollar threshold for taxpayers eligible for Installment Agreements to help more people qualify for the program.

“We have an obligation to work with taxpayers who are struggling to make ends meet,” said IRS Commissioner Doug Shulman. ”This new approach makes sense for taxpayers and for the nation’s tax system, and it’s part of a wider effort we have underway to help struggling taxpayers.”

The IRS announced plans for new penalty relief for the unemployed on failure-to-pay penalties, which are one of the biggest factors a financially distressed taxpayer faces on a tax bill.

To assist those most in need, a six-month grace period on failure-to-pay penalties will be made available to certain wage earners and self-employed individuals. The request for an extension of time to pay will result in relief from the failure to pay penalty for tax year 2011 only if the tax, interest and any other penalties are fully paid by Oct. 15, 2012.

The penalty relief will be available to two categories of taxpayers:

  • Wage earners who have been unemployed at least 30 consecutive days during 2011 or in 2012 up to the April 17 deadline for filing a federal tax return this year.
  • Self-employed individuals who experienced a 25 percent or greater reduction in business income in 2011 due to the economy.

This penalty relief is subject to income limits. A taxpayer’s income must not exceed $200,000 if he or she files as married filing jointly or not exceed $100,000 if he or she files as single or head of household. This penalty relief is also restricted to taxpayers whose calendar year 2011 balance due does not exceed $50,000.

Taxpayers meeting the eligibility criteria will need to complete a new Form 1127A to seek the 2011 penalty relief. The new form is available on IRS.gov.

The failure-to-pay penalty is generally half of 1 percent per month with an upper limit of 25 percent. Under this new relief, taxpayers can avoid that penalty until Oct. 15, 2012, which is six months beyond this year’s filing deadline. However, the IRS is still legally required to charge interest on unpaid back taxes and does not have the authority to waive this charge, which is currently 3 percent on an annual basis.

Even with the new penalty relief becoming available, the IRS strongly encourages taxpayers to file their returns on time by April 17 or file for an extension. Failure-to-file penalties applied to unpaid taxes remain in effect and are generally 5 percent per month, also with a 25 percent cap.

The Fresh Start provisions also mean that more taxpayers will have the ability to use streamlined installment agreements to catch up on back taxes.

The IRS announced today that, effective immediately, the threshold for using an installment agreement without having to supply the IRS with a financial statement has been raised from $25,000 to $50,000. This is a significant reduction in taxpayer burden.

Taxpayers who owe up to $50,000 in back taxes will now be able to enter into a streamlined agreement with the IRS that stretches the payment out over a series of months or years. The maximum term for streamlined installment agreements has also been raised to 72 months from the current 60-month maximum.

Taxpayers seeking installment agreements exceeding $50,000 will still need to supply the IRS with a Collection Information Statement (Form 433-A or Form 433-F ). Taxpayers may also pay down their balance due to $50,000 or less to take advantage of this payment option.

An installment agreement is an option for those who cannot pay their entire tax bills by the due date. Penalties are reduced, although interest continues to accrue on the outstanding balance. In order to qualify for the new expanded streamlined installment agreement, a taxpayer must agree to monthly direct debit payments.

Taxpayers can set up an installment agreement with the IRS by going to the On-line Payment Agreement (OPA) page on IRS.gov and following the instructions.

These changes supplement a number of efforts to help struggling taxpayers, including the “Fresh Start” program announced last year. The initiative includes a variety of changes to help individuals and businesses pay back taxes more easily and with less burden, including the issuance of fewer tax liens.

“Our goal is to help people meet their obligations and get back on their feet financially,” Shulman said.

Input from the Internal Revenue Service Advisory Council and the IRS National Taxpayer Advocate’s office contributed to the formulation of Fresh Start.

Offers in Compromise

Under the first round of Fresh Start, the IRS expanded a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers. An offer-in-compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.

The IRS recognizes that many taxpayers are still struggling to pay their bills so the agency has been working to put in place more common-sense changes to the OIC program to more closely reflect real-world situations.

For example, the IRS has more flexibility with financial analysis for determining reasonable collection potential for distressed taxpayers.

Generally, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement. The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.

Details on IRS Collection and Other Information

A series of eight short videos are available to familiarize taxpayers and practitioners with the IRS collection process. The series “Owe Taxes? Understanding IRS Collection Efforts”, is available on the IRS website, www.irs.gov.

The IRS website has a variety of other online resources available to help taxpayers meet their payment obligations:

Page Last Reviewed or Updated: 06-Mar-2014

Tax Relief in Disaster Situations #tax #relief #assistance


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Tax Relief in Disaster Situations

Recent Tax Relief

  • Victims of the severe storms, tornadoes, straight-line winds, and flooding that took place beginning on April 28, 2017 in parts of Missouri, may qualify for tax relief from the Internal Revenue Service, see news release .
  • Victims of the severe storms, tornadoes, and straight-line winds that took place beginning on February 7, 2017 in parts of Louisiana, may qualify for tax relief from the Internal Revenue Service, see news release .
  • Victims of the severe storms, tornadoes, and straight-line winds that took place beginning on January 21, 2017 in parts of Georgia, may qualify for tax relief from the Internal Revenue Service, see news release .
  • Victims of the severe storms, tornadoes, and straight-line winds that took place beginning on January 20, 2017, in parts of Mississippi, may qualify for tax relief from the Internal Revenue Service, see news release .
  • Victims of the severe storms, tornadoes, and straight-line winds that took place beginning on January 2, 2017 in parts of Georgia, may qualify for tax relief from the Internal Revenue Service, see news release .
  • Victims of the wildfires that took place beginning on November 28, 2016 in parts of Tennessee, may qualify for tax relief from the Internal Revenue Service, see news release .
  • Victims of the severe storms, flooding, that took place beginning on September 21, 2016 in parts of Minnesota may qualify for tax relief from the Internal Revenue Service, see news release .
  • IRS Provides Special Relief to Encourage Leave-Based Donation Programs for Victims of Hurricane Matthew, see news release .
  • Victims of Hurricane Matthew that took place beginning on October 7, 2016 in parts of Virginia may qualify for tax relief from the Internal Revenue Service, see news release .
  • Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Matthew, see news release .
  • Victims of Hurricane Matthew that took place beginning on October 4, 2016 in parts of Georgia may qualify for tax relief from the Internal Revenue Service, see news release .
  • Victims of Hurricane Matthew that took place beginning on October 3, 2016 in parts of Florida may qualify for tax relief from the Internal Revenue Service, see news release .
  • IRS Gives Expanded Tax Relief to Victims of Hurricane Matthew; Parts of Four States Eligible; Extension Filers Have Until March 15 to File, see news release .
  • Tax Relief for Victims of Hurricane Matthew in South Carolina, see news release .
  • Many Victims of Hurricane Matthew Qualify for Late-Filing Penalty Relief ; IRS Continues to Closely Monitor As Oct. 17 Deadline Approaches. NOTE. This tax relief is not due to a Presidentially Declared Disaster.
  • Tax Relief for Victims of Hurricane Matthew in North Carolina, see news release .
  • Victims of Hurricane Hermine that took place beginning on August 31, 2016 in parts of Florida may qualify for tax relief from the Internal Revenue Service. See news release .
  • IRS Provides Special Relief to Encourage Leave-Based Donation Programs for Victims of Louisiana Flooding, see news release .
  • Retirement Plans Can Make Loans, Hardship Distributions to Louisiana Flood Victims, see news release .
  • Tax Relief for Victims of Severe Storms, Flooding in Louisiana, see news release .
  • Tax Relief for Victims of Severe Storms, Flooding, Landslides and Mudslides in West Virginia, see news release .

For prior tax relief provided by the IRS in disaster situations based on FEMA’s declarations of individual assistance, please visit Around the Nation .

Relief for Victims of Hurricane Matthew

Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Matthew, see news release .

IRS Gives Expanded Tax Relief to Victims of Hurricane Matthew; Parts of Four States Eligible; Extension Filers Have Until March 15 to File, see news release .

The IRS has provided tax relief to victims of Hurricane Matthew. Relief for taxpayers in various locations, including postponement of filing and payment deadlines, is listed here.

Relief for Victims of Lousiana Flooding

  • IRS Provides Special Relief to Encourage Leave-Based Donation Programs for Victims of Louisiana Flooding. The Internal Revenue Service announced special relief intended to support leave-based donation programs to aid victims who have suffered from the extraordinary destruction caused by last month’s severe storms and flooding in Louisiana.
  • Retirement Plans Can Make Loans, Hardship Distributions to Louisiana Flood Victims, see news release .
  • Tax Relief for Victims of Severe Storms, Flooding in Louisiana, see news release .

Don’t See What You’re Looking For?

Page Last Reviewed or Updated: 07-Jun-2017

Tax Rates – Fairfax County, Virginia #virginia #tax #return


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Tax Rates

The base real estate tax rate is $1.130 per $100 of assessed value.

See our Real Estate – Tax Rates and Fees page for more information about additional rates and fees that may apply.

The tax rate for most vehicles is $4.57 per $100 of assessed value.

For properties included in a special subclass for personal property taxation, the tax rate is $0.01 per $100 of assessed value. Property types included in this special subclass are as follows:

  • privately-owned vans used for van pools
  • vehicles belonging to volunteer fire and rescue squad members
  • vehicles specifically equipped for the handicapped
  • automobiles and pick-up trucks owned by certain qualifying elderly and disabled individuals
  • vehicles owned by qualified disabled veterans
  • vehicles owned by auxiliary police officers
  • vehicles owned by auxiliary deputy sheriffs
  • aircraft and flight simulators
  • antique motor vehicles
  • boats
  • certain property owned by homeowners’ associations

A vehicle registration fee is assessed on all motor vehicles, including but not limited to automobiles, trucks, and motorcycles, regularly garaged, stored, or parked in the County, as follows:

  • $18 for motorcycles.
  • $23 for any taxi or other vehicle that is kept for rent or hire operated by a chauffeur for the transportation of passengers. An additional fee of $5 is charged if the weight of the vehicle is more than 4,000 pounds.
  • $23 for a bus used exclusively for transportation to and from church school, for the purpose of religious instruction, or church, for the purpose of divine worship. If the empty weight of the vehicle exceeds 4,000 pounds, the fee is $28.
  • $33 for all other vehicles with a weight of 4,000 pounds or less.
  • $38 for all other vehicles with a weight of more than 4,000 pounds.

Special Town Rules apply to vehicles registered in the towns of Clifton, Herndon, and Vienna.

The rate for Business Personal Property is $4.57 per $100 of assessed value.

Examples of business personal property include desks and chairs, computer hardware, specialized tools, machinery, and equipment.

Company-owned vehicles are subject to the filing requirements for Motor Vehicles .

Businesses whose gross receipts are $10,000 or less pay no tax.

Businesses whose gross receipts are between $10,001 and $100,000 pay a flat fee:

  • Between $10,001 and $50,000 pay $30 (non-proratable)
  • Between $50,001 and $100,000 pay $50 (non-proratable)

Businesses with gross receipts of $100,001 or higher pay based on specific tax rates per each $100 of gross receipts.

$10 – required for all dogs four months of age or older.

Statewide 5% on telephone services (land line, post-paid wireless, internet, and long-distance calling) and cable/satellite television and radio services.

Statewide E-911 fee 75 cents per land line or cell phone. Statewide E-911 fee 50 cents per pre-paid retail wireless calling service purchase.

Cable public rights-of-way fee 83 cents per subscriber per month.

Consumer Utilities Taxes

Consumer utility tax on consumers of natural gas and electricity is calculated based on usage. Usage is measured in kilowatt hours (kWh) for electricity and 100 cubic feet (CCF) for gas. Utility tax rates are summarized below:

Gas – Residential: Based on consumption: $0.56 plus the rate of $0.05259 per CCF

  • Minimum tax is $0.56 per bill
  • Maximum tax is $4.00 per bill

Gas – Master Metered Apartments: Based on consumption: $0.56 plus the rate of $0.01192 per CCF

  • Minimum tax is $0.56 per dwelling unit
  • Maximum tax is $4.00 per dwelling unit

Gas – Nonresidential: Based on consumption: $0.845 plus the rate of $0.04794 per CCF

  • Minimum tax is $0.845 per bill
  • Maximum tax is $300 per bill

Gas – Nonresidential Interruptible: Based on consumption: $4.50 plus the rate of $0.00563 per CCF

  • Minimum tax is $4.50 per meter
  • Maximum tax is $300 per meter

Electricity – Residential: Based on consumption: $0.56 plus the rate of $0.00605 per kWh

  • Minimum tax is $0.56 per bill
  • Maximum tax is $4.00 per bill

Electricity – Master Metered Apartments: Based on consumption: $0.56 plus the rate of $0.00323 per kWh

  • Minimum tax is $0.56 per dwelling unit
  • Maximum tax is $4.00 per dwelling unit

Electricity – Commercial: Based on consumption: $1.15 plus the rate of $0.00594 per kWh

  • Minimum tax is $1.15 per bill
  • Maximum tax is $1,000 per bill

Electricity – Industrial: Based on consumption: $1.15 plus the rate of $0.00707 per kWh

  • Minimum tax is $1.15 per bill
  • Maximum tax is $1,000 per bill

General Sales: Virginia – 4.3%; Fairfax County – 1%; plus an additional 0.7% state tax for transportation.

Food purchased for home consumption: Virginia – 1.5%, Fairfax County – 1%.

The Virginia Department of Taxation uses Federal Information Processing Standards (FIPS) codes to identify where a business is located and where their sales take place. FIPS codes are a standardized set of numeric codes to ensure uniform identification of geographic entities such as cities, counties and towns. Use the Virginia Department of Taxation’s FIPS Lookup tool to determine your correct code.

Cigarette tax

Gasoline tax

Virginia – 2.1% on sales price charged by fuel distributors to retail dealers in Northern Virginia Transportation District for commuter mass transit system.

A levy on hotels, motels, boarding houses, travel campgrounds, and other facilities offering guest rooms rented out for continuous occupancy for less than 30 consecutive days.

  • County: 6% (2% for general transient occupancy tax, 2% for tourism, and 2% for regional transportation).
  • Towns: 4%; this 4% comes to the county (2% for tourism and 2% for regional transportation). This is in addition to the taxes already levied by the towns: 6% in Herndon and 3% in Vienna).

Grantor’s Tax

$0.15 per $100 of value on deeds (for transportation).

Recordation: Home Sales

$0.0833 per $100 value on deeds. Refinances: $0.06 per $100 value on deeds.

Daily Rental Tax

Short Term Daily Rental

  • All tangible personal property (except daily rental of passenger vehicles) held for rental and owned by a person engaged in the short-term rental business.
  • Pursuant to Section 58.1-3510.1 of the Code of Virginia, Fairfax County levies and imposes a short-term daily rental tax of one percent (1%) on the total gross proceeds.
  • Businesses must submit a quarterly tax return on or before the 20th day of each of the months of April, July, October, and January indicating for the quarters ending March 31, June 30, September 30, and December 31:
    • The total business gross receipts of the applicant;
    • The gross proceeds derived from the short-term rental business;
    • All rental gross proceeds exempt from the daily rental tax and documentation of each;
    • The total daily rental tax due the County for the previous quarter’s short-term rental business.

Passenger Vehicles Daily Rental

  • All motor vehicles, except a motorcycle or a manufactured home used for rental for the transportation of persons or property, whether on its own structure or by drawing another vehicle or vehicles.
  • Pursuant to Section 58.1-1736 of the Code of Virginia, the amount of the tax is determined by the Tax Commissioner by the application of the following rates against the gross proceeds:
    • 4% of the gross proceeds from the rental in Virginia of any motor vehicle, except those with a gross vehicle weight rating or gross combination weight rating of 26,001 pounds or more.
    • 4% of the gross proceeds shall be levied on the rental in Virginia of any daily rental vehicle, whether or not such vehicle is required to be licensed in the Commonwealth.
    • 2% of the gross proceeds shall be imposed on the rental in Virginia of any daily rental vehicle, whether or not such vehicle is required to be licensed in the Commonwealth.
  • The tax on the rental of a motor vehicle is collected from the person renting the motor vehicle, collected by the rentor, and remitted to the Tax Commissioner on or before the 20th day of the month following the month in which the gross proceeds from such rental were due.
  • 4% collected on the rental of daily rental vehicles is remitted by the Tax Commissioner quarterly to Fairfax County.

There currently is no Meals Tax in Fairfax County.

Tax-Exempt Sector #non #debt #tax #shield #definition


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Tax-Exempt Sector

DEFINITION of ‘Tax-Exempt Sector’

The tax-exempt sector is the market that contains investment vehicles exempt from federal taxes. The majority of investments in this sector are municipal bonds, which cannot be taxed because U.S. regulation forbids the federal government from taxing debt assets offered by local and state government agencies. These tax exemptions offer investors incentives to purchase low-yield government bonds rather than higher-yielding corporate fixed-income securities .

BREAKING DOWN ‘Tax-Exempt Sector’

The tax-exempt sector also refers to nonprofits that do not pay federal taxes. Charitable contributions to nonprofits may be tax-deductible. These organizations are required to file specific documents with the Internal Revenue Service. The tax-exempt sector as defined by the IRS includes over a million corporations in various industries.

Municipal bonds, or munis, are the most widely known tax-exempt investment. Most munis are tax-free. However, the tax status is subject to how the bonds are utilized. In addition, several munis and other tax-exempt investments offer lower returns than taxable investments. The municipal bond market allows local and state governments to issue bonds to raise funds to pay for various projects. Bonds issued in this sector are not subject to federal income taxes. In addition, several municipal bonds, as well as other nontaxable investments such as Treasury bills. notes and bonds, offer lower returns than taxable investments. However, Treasury bills, notes and bonds are subject to federal income tax .

What Are Municipal Bonds?

Municipal bonds are debt assets issued by municipalities, states, airports, school districts and other public entities to fund public projects such as schools, highways, water systems, energy utilities, public housing and hospitals. Munis usually have a lower yield as opposed to taxable bonds because of the tax-exempt status. The interest paid varies by state and purpose. If an investor purchases bonds issued in his state, the interest is free from state income taxes. Munis lower the risk of default and shield the impact of stock market volatility by providing higher returns than most other asset classes .

Types of Tax-Exempt Bonds

There are two types of tax-exempt municipal bonds classified by how the money borrowed is repaid: general obligation bonds and revenue bonds. Government municipal bond issuers offer a guarantee since the taxing authority typically raises funds to repay any bond obligations. Revenues derived from tolls, rents or expenses from infrastructures back revenue bonds and are used solely to repay revenue bond obligations.

Municipal Bond Issuers

Most munis pay no interest until maturity or carry interest at either a fixed or variable interest rate. Repayment periods range from a few months to 30 years or longer. An independent rating agency decides the likelihood of municipal bond repayment. In the United States, the three primary muni bond-rating agencies are Standard Poor’s. Fitch and Moody’s .

Attorney Wanted – Bench and Bar of Minnesota #minnesota #tax #attorney


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Hanft Fride in Duluth (hanftlaw.com) currently seeks candidates with three to five years of transactional and/or real estate development experience to join the firm in a shareholder-track associate attorney position. We are a full service law firm; the successful candidate will have a strong academic record, significant experience M A and/or real estate development [ ]

Ceridian HCM, seeks motivated candidates for a Privacy Attorney with four plus years of experience, including international privacy law and compliance. This is an excellent opportunity to counsel a variety of business unit partners in a fast paced high-tech company that is expanding globally. Office located in Bloomington, MN. Please submit letter of interest and [ ]

Messerli Kramer’s downtown Minneapolis office is seeking an Associate Attorney focusing on banking transactional matters. Successful candidates will have 5 years of substantive experience in commercial lending transactions, including drafting and negotiating loan documentation, title and survey review, and reviewing due diligence materials. Candidates should also have substantive experience with construction and development financing, [ ]

Gislason Hunter LLP seeks an associate attorney to join our Southern Minnesota estate planning and probate group. Qualified candidates should have 0-3 years’ experience, strong academic credentials and legal research and writing skills. Practice areas include estate planning, probate and trust administration, wealth transfer tax, as well as real estate and transactional work intersecting [ ]

Gislason Hunter LLP seeks an associate attorney to join our Southern Minnesota litigation and transactional practice groups. Qualified candidates should have 2+ years’ experience, strong academic credentials and legal research/ writing skills. Practice areas include employment law, family law and general business and banking. This position provides a motivated attorney with the opportunity to [ ]

Wagner, Falconer Judd is seeking a general practice attorney. Applicants must be able to assist clients with their legal needs through telephonic consultations, document review, legal research, and provide feedback to questions in all areas of the law. Applicants must have a minimum of two years of experience and be duly licensed in either [ ]

Anderson, Bottrell, Sanden Thompson law firm seeks an experienced lawyer for its growing business litigation practice. This position requires a highly-motivated candidate with a minimum of five years of relevant experience in commercial litigation. Candidates should be detail-oriented, have outstanding oral and written communication skills, have excellent academic credentials and professional recommendations. Send cover [ ]

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Job Title: Senior Associate, Legal Reports to: General Counsel Job Description Proterra Investment Partners (“Proterra”) is a global alternative investment manager focused on private equity investments in the natural resource sectors of agriculture, food and metals mining. Proterra operates from a head office in Minneapolis (United States) and has field offices in London, Mumbai, [ ]

California gas tax fight to recall Josh Newman includes teachers #recall, #josh #newman, #gas, #tax, #increase, #california, #teachers, #carl #de #maio


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Teachers take on Republicans in gas tax recall fight

Welcome to the AM Alert, your morning rundown on California policy and politics. To receive it regularly, pleasesign up here.

The state’s largest union representing teachers is wading into the political fight to recall state Sen. Josh Newman. D-Fullerton, over his vote earlier this year to raise California gas taxes and vehicle fees to pay for road repairs.

The 325,000-member California Teachers Association contributed $250,000 to the campaign committee formed to oppose the recall of Newman, according to campaign finance records filed Monday with the Secretary of State’s office.

Those behind the recall, including Carl DeMaio. a radio talk show host and former San Diego councilman, have reported $44,000 in contributions to the pro-recall campaign committee. The Howard Jarvis Taxpayers Association is also supporting the effort.

It is circulating the recall petition online at “fireJoshNewman.com” calling on voters to help break Democrats’ supermajority in the Legislature.

Republicans have long held control of the Southern California district represented by Newman. They see his vote in favor of the Democratic-backed $52-billion road repair package as their chance to take back the seat next year. Though a lone Republican helped the Democrat-dominated Legislature and Gov. Jerry Brown pass the tax increase, organizers targeting Newman are casting him as “the deciding vote” according to the recall petition.

Meanwhile, Assemblyman Travis Allen. R-Huntington Beach, is seeking to repeal the widely unpopular gas tax increase. Allen reports he and other recall proponents are awaiting approval of the ballot initiative language by the state Attorney General’s office. The California Republican Party has raised tens of thousands of dollars for the 2018 ballot measure, according to state filings.

The California Teachers Association did not respond to a request for comment. Newman voted in line with the union’s positions in some cases, and voted against them in others, according to its legislative scorecard. For example, Newman supported a state bill from Sen. Anthony Portantino. D-La Cañada Flintridge, that would require middle and high schools to begin no later than 8:30 a.m. – which the union opposed. But he voted in favor of the bid from state Sens. Ricardo Lara, D-Bell Gardens, and Toni Atkins. D-San Diego, to create a publicly funded, government-run health care system for the entire state that teachers endorse.

WORTH REPEATING: “The bureaucracy is at the core of the swamp.” — House Republican Leader Kevin McCarthy, on where ‘draining the swamp’ needs to begin.

CLIMATE CHANGE: Brown is hosting the prime minister of Fiji, Voreqe Bainimarama. in Sacramento today, where he is expected to join the “Under2 Coalition” – a commitment by cities, states and countries to reduce heat-trapping emissions. It’s named for the 2-degree global temperature benchmark at which the consequences of rising Earth temperatures are considered potentially “catastrophic,” as the governor’s office puts it.

The signing ceremony is set for noon. Oregon Governor Kate Brown and Washington Governor Jay Inslee are expected, as well as state Senate President Pro Tem Kevin de León and Assembly Speaker Anthony Rendon.

After the Republican chairman of the Senate intelligence committee told Harris to be more “courteous” during her questioning of Deputy Attorney General Rod Rosenstein involving the Trump-Russia investigation, the former California attorney general’s political operation sent an email blast to supporters saying, “no really, that happened.”

“We believe we need courage, not courtesy, especially with the integrity of our democracy and our government at stake,” she said in the email.

DOGS IN HOT CARS: With the hottest summer days ahead, the California Highway Patrol at 10:30 today will demonstrate on the East Lawn of the Capitol how to free an animal trapped in a hot car.

A bill from Assemblyman Marc Steinorth. R-Rancho Cucamonga, signed by Brown last year. made it legal for people to smash the windows of vehicles that are too hot or too cold, as long as there’s no other way to rescue the animal. People are required to first contact law enforcement.

In this promotional video produced by California Assembly Republicans on May 16, 2016, lawmakers advocate for Assembly Bill 797, which would allow people to break dogs out of hot cars. From left, they are Assemblymembers Kristin Olsen of Riverbank, Ling Ling Chang of Diamond Bar and Marc Steinorth of Rancho Cucamonga.

CALIFORNIA’S TOP COP: Attorney General Xavier Becerra is expected to discuss how he views his role as California’s chief law enforcement officer when it comes to issues like public safety and immigration at an afternoon forum hosted by the Public Policy Institute of California .

Becerra, appointed by Brown after Harris was elected to the U.S. Senate last year, has been in office just six months. He has promised to fight the Trump administration on immigration, health care and the environment. The conversation with Becerra begins at 12:15 p.m. It’s available for viewing online .

GOVERNOR’S RACE: The only declared Republican running for governor next year, John Cox, is expected to lay out his political platform at a Sacramento Republican Assembly meeting tonight in Carmichael.

Cox, who has called for the creation of a “Neighborhood Legislature,” is considered a long-shot in the 2018 race. His popularity fell 9 percentage points in the latest survey from UC Berkeley’s Institute of Governmental Studies. The poll ranked Lt. Gov. Gavin Newsom and former Los Angeles Mayor Antonio Villaraigosa as the two leading candidates.

The meeting begins at 6 p.m. at the Church on Cypress in Carmichael.

RALLY FOR MEDI-CAL: Disability rights advocates will lobby for the preservation of Medi-Cal and other proposed laws to help disabled people at a rally set for 9 a.m. at Cesar Chavez Plaza in Sacramento.

Sens. Mike McGuire. D-Healdsburg, and Portantino are scheduled to speak beginning at 10:30 a.m. along with Assemblymen Ash Kalra. D-San Jose, and Rudy Salas. D-Bakersfield.

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Capitol Alert staff

Editor s Choice Videos

Foreclosure and deficiency judgments #foreclosure #tax #forgiveness


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Law News

Foreclosure and deficiency judgments

One sign of a terrible economy, to me, is how many times per week I discuss with a client how foreclosure works. Clients are worried about foreclosure, but they are especially fearful that the foreclosing lender will obtaining a deficiency judgment against them. If you check any real estate advice website like Trulia. there are many, many people asking about the effects of foreclosure and how deficiency judgments work. (Update: Illinois courts are now entering deficiency judgments routinely on first mortgages. This post discusses the increase in deficiency judgments.) Here’s how deficiency judgments work in Illinois:

Are deficiency judgments allowed in Illinois?

What is a deficiency judgment?

If a property is foreclosed, it is sold at a sheriff’s sale. If the property owner owed $100,000 on his mortgage when he was foreclosed, and the property is sold at the sheriff’s sale for $80,000, then the lender can get a deficiency judgment for $20,000.00. This means a court order is entered saying that the owner owes the lender $20,000.00. (As discussed below, obtaining a judgment and actually collecting the judgment are two different things.)

When is a deficiency judgment entered?

Usually, the deficiency judgment is requested in the foreclosure complaint. The judgment is entered at the foreclosure sale confirmation hearing after the sheriff’s sale at the end of the foreclosure.

Can the lender get a deficiency judgment if I was served by publication in the foreclosure?

No. You have to be personally served by the sheriff or process server. The lender cannot get a deficiency judgment if you were served by publication (as many homeowners are). Another way to get a deficiency judgment entered against you is if you file an “appearance” in the foreclosure case.

What are the chances of the lender coming after me for a deficiency judgment?

If the property was your primary residence, the chances are slim (my estimate, totally unsupported by facts or statistics, is 5%) that a deficiency judgment will be entered. Very few deficiency judgments are being entered in Cook County according to attorneys I know who practice in the foreclosure area. If the foreclosed property was investment property ,or the mortgage was held by a small local lender, then the chances of a deficiency judgment increase greatly.

What can the lender take from me if they get a deficiency judgment?

A deficiency judgment is like any other judgment that is entered for an unpaid medical bill or unpaid credit card. After the judgment is entered, the judgment holder serves you with a “citation to discover assets” and you have to go to court and produce a copy of your tax return and a list of your assets. They use this information to garnish your wages or to take any non-exempt assets from you to pay the judgment.

What assets are exempt from collection after a deficiency judgment?

These items are exempt from judgment: Life insurance, 401ks, IRAs, $15,000 in equity in a house ($30,000 for a married couple). If your house is titled as Tenancy by the Entirety (married couples and primary residence only) and provided the judgment is only against one, not both, of a married couple, then the entire house would be exempt. Since we are talking about a foreclosure, it is unlikely that the judgment debtor will even have a house to worry about. 85% of wages are exempt from garnishment too.

How can I get rid of a deficiency judgment?

The only way to get rid of a deficiency judgment is to file a chapter 7 or chapter 13 bankruptcy. A chapter 7 wipes it out altogether. In a chapter 13, it is partially repaid.

Can’t I just give my other assets to my relative to hold for me?

You can gift assets to a relative. But any transfer to a relative or anyone else that is not “for value” can be undone as a fraudulent transfer. Transfers to relatives are especially suspect. In addition, there is the risk that your relative will not repay you or may get divorced or file his or her own bankruptcy.

If my lender does not ask for a deficiency judgment in the foreclosure, can my lender file suit against me for a deficiency judgment after the foreclosure?

Yes, Illinois law specifically allows a lender to file suit against a borrower after a foreclosure as a separate collection lawsuit. With first mortgages, this is very rare and most likely will not happen, unless the lender is a small bank or the property was not your primary residence. Some lenders holding foreclosed second mortgages (especially Citibank and Wells Fargo) now hand over the loans to collection agencies to file a separate lawsuit against the homeowner for breach of contract. Read more about that here .

Can my lender file suit against me for a deficiency judgment after I sell my house in a short sale?

Yes. The best practice is to negotiate a “no deficiency” provision in your short sale. If you can’t get that from the lender, then you will have to wait it out and hope that the lender does not ask for a deficiency judgment in the future. Most likely they will not pursue the borrower, but you never know for sure.

If I deed my property back to my lender in a “deed in lieu of foreclosure” can my lender get a deficiency judgment against me later?

No. The lender cannot get a deficiency judgment. Unfortunately, a deed in lieu of foreclosure is kind of the equivalent of a unicorn; one doesn’t exactly show up in your back yard every day.

How long is a deficiency judgment last?

A judgment in Illinois is valid for 7 years from the date it is entered.

I’ve heard that in a foreclosure my lender can 1099 me for “forgiveness of debt.” Can they 1099 me and get a deficiencyjudgment against me too?

Usually, if a lender 1099s you, the lender will not seek a deficiency judgment. This is just how lenders operate, not the law. By law, the lender must issue a 1099 after a foreclosure or short sale. The issuance of the 1099 does not mean that the debt is erased by the lender. It just means that the forgiven debt is taxable to you.

If the lender 1099s you and later seeks a deficiency judgment, the lender would have to issue a revised 1099, that s all. So the issuance of a 1099 does not bar a deficiency judgment. Technically, the lender can 1099 you AND file for a deficiency judgment. You have to keep in mind that the lender could still get a deficiency judgment after a 1099 is issued. The only sure elimination of both the 1099 and deficiency judgment is to file bankruptcy before the 1099 is issued.

There are several cases that deal with this topic: In re Zaika, a PA bankruptcy court case and AmTrust v. Fossett in AZ are a couple that summarize the law.

If the foreclosed property was your primary residence,then you have no income from the 1099 by law under the Mortgage Debt Forgiveness Act. If the property was not your primary residence, then you will have phantom income from the 1099 to deal with.

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My home is currently in foreclosure in IL. We are planning to move to our 2nd home in Tn (we ve own for the last 8 years, alot more affordable), and file bankruptcy 90 days there after. Would we still be able to claim the mortgage forgiveness act on the foreclosed home, and claim a homestead exemption on the one that we would be living in?

Tracey, Sorry to hear about the foreclosure. If the IL home is your primary residence you would qualify under the Mortgage Debt Foregiveness Act and the 1099 that s issued can be neutralized by filing form 982, and you will be fine. As far as filing bankruptcy in another state, and claiming an exemption on that home, the requirements for residency and the housing exemption vary from state to state an depend on several factors. Tom

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Los Angeles Tax Services

Mike Habib is an IRS licensed enrolled agent providing Los Angeles tax services can help you Get Tax Relief IRS Debt Relief by solving your IRS problems. Mike Habib will personally handle represent your tax problems and negotiate your tax settlements unpaid back taxes with the IRS. Mike Habib, EA has an excellent A+ Better Business Bureau (BBB) rating which is very rare in this industry and which speaks of the quality of his tax relief services by itself.

Tax Relief and IRS problem resolution is Mike’s specialty. Mike Habib is an IRS licensed Tax Power of Attorney and helps taxpayers Nationwide as a tax representative to negotiate with the IRS and State Tax Agencies on your behalf. Providing IRS Tax Relief and state tax relief for individuals and businesses in need is Mike’s mission

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Professional Tax Representation is a very powerful tool you should use to “even the odds” when you need to Resolve your IRS problem. As you may have experienced, IRS agents can be very intimidating, even bullying, when they are making demands on you, the taxpayer. They tend to be less forceful and more reasonable when they must address themselves to a Licensed Representative, such as an Enrolled Agent (EA) Certified Public Accountant (CPA) or a Tax Attorney/Lawyer.

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Employment Rights of Nannies – International Nanny Association #nanny #tax #laws


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Employment Rights of Nannies

Labor law, tax law, and the penal code, both at a Federal and state level, provide basic workplace protections and rights to all nannies and domestic workers. It does not matter if you are a US citizen, an alien with a work permit, or an alien who does not have the legal right to work in the United States these laws cover everyone. Nannies, housekeepers, and maids are typically the employee of the family retaining their services.

1. Pay for all hours worked.

The nanny or domestic is protected by the Federal Fair Labor Standards Act (FLSA). Nannies and domestics are to be paid on an hourly basis and must be paid for all hours worked.

2.Minimum Wage.

The Federal government establishes a national minimum wage ($7.25 per hour as of 7/24/2009). Many states have established minimum wages that exceed the Federal minimum. The nanny or other domestic is entitled to be paid no less than the greater of the state or Federal minimum, with some narrow exemptions for companionship services for the elderly.

3. Overtime Pay.

A nanny or domestic who does not live with the employer is entitled to be paid an overtime differential for hours worked in excess of 40 in a week. The overtime differential is calculated as 1.5 times the regular hourly rate. California, Hawaii, Maryland and New York extend the overtime differential to nannies and domestics who live with the employer.

4. Annual Wage and Tax Statements (Form W-2).

The nanny or domestic employer has obligations for wage and payroll tax reporting established by Federal Law. IRS Publication 926 details these requirements. A nanny is NOT an independent contractor, and is NOT to be provided a Form 1099 unless wages do not meet $1900 (2014) in the year.

5. Proper Payroll Deductions.

Your employer may make certain tax deductions from your regular pay check. You can (and should) ask them to provide you the tax deduction breakdown. If you are paid the same amount each week, they only need to give this too you once.

Proper Payroll Deductions

7.65% for Social Security Medicare

Income Tax (by agreement)

Employer State Authorized Miscellaneous Taxes (CA, NJ, NY, PA, RI)

Other deductions such as health insurance premiums or retirement contributions that both benefit you and that you agree to inwriting.

Improper Payroll Deductions

Employer may not deduct the Employer share of Social Security Medicare

Unemployment Insurance Tax

Deductions for Breakage or Damages to Household Items

Travel Expenses for Work Related Travel

6. Regular Payroll Payments.

State law determines the maximum number of days between payroll dates and the maximum delay an employer may place on your periodic payroll. A best practice is to agree to a payroll frequency (weekly, bi-weekly typically) and a pay date in writing. Employers may not place additional delays (lag periods) on your payroll due to employer s business travel, vacation, etc.

The employer is responsible to maintain accurate and contemporaneous payroll records that include the dates and hours you worked for a period of 3 years. It is advised that the nanny or domestic also maintain similar work records that are kept in a safe place.

7. Payment of medical bills and lost wages due to a work related injury.

This is known as Workers Compensation, and the rules surrounding who must have a policy of insurance and the covered items is established by individual state insurance commissions. In most cases, you must file a claim with your state s Workers Compensation Board to qualify for payments for medical expenses and compensation for lost wages. If you are injured at work, and your employer (or the employer s insurance company) will not pay these expenses, you should seek legal advice.

8. A Workplace Free From Physical and/or Sexual Abuse.

It is illegal for an employer to physically abuse (slapping, beating, etc) a worker. It is illegal for the employer to demand physical contact or demand sex from the nanny or domestic worker. There are both Federal and state laws that protect workers from this type of abuse. TIP! Consult a lawyer or legal aid society if you have been physically orsexually abused by your employer .

9. Document Retention.

Your employer may not keep identity documents such as your passport, Social Security Card, Driver s License, or Work Permit from you. You have a right to a copy of any work agreement or contract that you sign with your employer. The employer is responsible to maintain accurate and contemporaneous payroll records that include the dates and hours you worked for a period of 3 years. It is advised that the nanny or domestic also maintain similar work records and keep these records and your signed work agreement in a safe place.

10. Non-retaliation.

Your employer may not turn you in for immigration violation as retaliation for a workplace grievance such as a formal claim for unpaid wages, a complaint of criminal misconduct such as physical abuse, or a claim for workers compensation benefits. The Department of Homeland Security s Immigration Customs Enforcement Agency (ICE) has written rules that prohibit their interference in these matters. See ICE s Policy for Labor Disputes courtesy of the National Employment Law Project (NELP) publication Rights Begin At Home .”

Taking the time at the beginning of the employment relationship to define all aspects of the employment relationship in a written work agreement benefits both the employer and employee, and serves as a blue print that helps document the employer s specific requirements and expectations as well as the financial agreements made with the nanny or domestic. Additionally, by addressing all issues up front, the employer avoids misunderstandings, assumptions, disappointment and conflict in the future. Experts agree a good nanny/family work agreement is an important foundation for the good relationship you hope to have with this person.

Nannies

Estate Planning Council of Birmingham, Inc #estate #planning #birmingham, #estate #planners #birmingham, #estate #planning #attorney #birmingham, #al, #accredited #estate #planner, #certified #estate #planner, #personal #financial #planning, #charitable #planning, #corporate #tax #planning, #wealth #transfer #planning, #financial #planning, #retirement #planning, #executive #compensation, #deferred #compensation, #probate #administration, #trust #and #estate #administration, #business #succession, #estate #and #gift #taxation, #estate #income #tax, #securities #law, #investment #management, #will #contests, #fiduciary #income #taxation, #sale #and #tax #issues, #executive #benefits, #elder #law, #insurance, #equities, #mergers, #acquisitions, #litigation #support, #tax #defense, #attorney


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Welcome to the website of The Estate Planning Council of Birmingham!

The Estate Planning Council of Birmingham is a multi-disciplinary professional association organized to provide educational programs and networking opportunities for estate planning professionals in the community. Established in 1960, the Council s membership is currently comprised of more than 200 attorneys, accountants, bank trust officers, life insurance professionals, and financial planners. Others who work in the field of estate planning participate as associate members.

If you are seeking guidance regarding your estate planning, please use our membership list to assemble a team of professionals who are dedicated to their estate planning practice.

Meetings: 1st Thursday of each month

September through May

The Harbert Center

2019 4th Avenue North

Guests are welcome!

Continuing Education Credit: Up to 12 hours a year if all meetings are attended.

Membership application on left side of this page (Document Library).

Initiation Fee: $100.00

Annual Dues: $275.00

UPCOMING EVENTS

September 7, 2017

TOPIC: The Generous Business: How Families Use their Business as an Engine of Generosity

Michael King – National Christian Foundation

TOPIC: Advising Clients through the Toughest Times of Life

Amy Florian – Corgenius

San Diego Tax Attorneys – Business Legal #law #firm, #law #office, #legal #advice, #lawyer, #attorney, #orange #county, #irs #audit, #san #diego, #tax


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San Diego Tax Attorneys And Business Law

California Tax and IRS Attorneys

Allen Barron, Inc. provides holistic tax, accounting, business, financial and management advisory services to individuals and businesses located throughout Southern California and around the world. Janathan L. Allen, APC provides legal advice and representation to a varied domestic and international clientele. Our San Diego based tax attorneys advise on all issues related to offshore accounts and investments. FBAR and FATCA compliance. as well as collections issues with the IRS and California s taxation agencies. We support US taxpayers on all issues with the Internal Revenue Service including IRS audits. audit appeals. tax controversies, IRS levies. garnishments and liens.

We represent taxpayers before all California state agencies including the California Franchise Tax Board or FTB, the Employment Development Department or EDD, and the Board of Equalization or BOE.

Business Attorneys, Counselors and Advisory Services

Our business and legal services cover every aspect of a business life cycle from formation, through employment contracts and agreements, business contracts. mergers and acquisitions, business succession planning. disputes and ultimately the sale of a company or business interest.

Our estate planning attorneys work with simple to complex trusts. and provide legal strategies to protect assets and wealth, while minimizing exposure to taxation. We ensure that you have access to the assets you need, while planning and structuring trusts to ensure preservation of some assets upon the passing of a spouse, while providing for the surviving spouse. Ultimately, most trusts are designed to ensure that assets are protected and passed to your beneficiaries and heirs.

Allen Barron, Inc. and Janathan L. Allen, APC form a single trusted source of direction for our clients. Together, we offer practical guidance to entrepreneurs, corporations, families and individuals. Our services include:

  • Comprehensive tax planning that keeps the future in the forefront
  • Resolution of tax problems. such as IRS audits and tax controversies, through deliberate, decisive legal representation
  • Business advisory services that can redefine, redirect and revitalize what you are building
  • Full-service accounting that helps clients understand and learn from numbers

We are known for being pragmatic, intelligent and thorough. We engender new thinking. We are here to help you protect your interests and pursue the outcomes you want.

Our business and legal services cover every aspect of a business life cycle from formation, through employment contracts and agreements, business contracts, mergers and acquisitions, business succession planning. disputes and ultimately the sale of a company or business interest.

Our estate planning attorneys work with simple to complex trusts. and provide legal strategies to protect assets and wealth, while minimizing exposure to taxation. We ensure that you have access to the assets you need, while planning and structuring trusts to ensure preservation of some assets upon the passing of a spouse, while providing for the surviving spouse. Ultimately, most trusts are designed to ensure that assets are protected and passed to your beneficiaries and heirs.

Read Our Client Reviews or Leave a Review for Allen Barron

Allen Barron Selected as Best of North Inland 2017 Accounting and Tax Preparation

Allen Barron has been selected as a Best of North Inland 2017 for Accounting and Tax Preparation by the 2017 Pomerado News readers poll.

Janathan Allen Named to Chamber Board of Directors

Congratulations to Janathan Allen, who has been named to the North San Diego Business Chamber s Board of Directors for 2017-2018.

We Offer A Free Initial Consultation Contact San Diego Tax Attorneys, Business and Accounting Experts

Seeking a tax lawyer or business adviser in San Diego, Orange County, Los Angeles or elsewhere in Southern California? Contact us for a free consultation or call 866-631-3470. Our clients value insight and informed answers on a variety of issues from several perspectives that help their business to grow and succeed. Each aspect of your business affects other operations or financial performances throughout the organization. With Allen Barron, you no longer have to seek the advice of 3 or 4 separate professionals. We simplify the process and provide expert counsel and services while offering greater efficiency and cost-effectiveness.

Visit our News and Events page for information about and to RSVP for our upcoming seminars

The content of this website has been prepared by Janathan L. Allen, APC for informational purposes only and should not be construed as legal advice or tax advice. The content on this website does not create or constitute an attorney-client relationship, and readers should not act upon it without the advice of an attorney, tax attorney or legal counsel. Do not rely on published legal and tax law information as a substitute for consultation with an attorney, tax attorney, CPA and/or other professional advisors. Information contained in this website may be considered advertising. Links to websites or web pages operated by third parties are provided solely as a convenience to you. Such linked sites are not under our control and we are not responsible for the contents of any linked site or any link contained in a linked site. We make no representation or warranty and assume no liability or responsibility for other websites or web pages and/or their content.

  • Download our Complimentary Guide to IRS Audits

  • Illinois House adopts resolution to oppose Senate’s internet streaming tax #tax #resolution #company


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    Illinois House adopts resolution to oppose Senate’s internet streaming tax

    With bipartisan support, members of the Illinois House adopted a resolution opposing the internet streaming tax proposal – which might not even be legal — in the Senate’s “grand bargain.”

    The Illinois House passed a resolution April 5 opposing the Senate’s proposed internet streaming tax, which is one of the proposals in the Senate’s “grand bargain.”

    House Resolution 192. introduced by state Rep. David McSweeney, R-Barrington Hills, opposes the expansion of the state sales tax to include video and streaming services. The resolution even had bipartisan support, with 14 Democrats and three Republicans co-sponsoring.

    The legislation responds to a proposal from state Sen. Toi Hutchinson, D-Chicago Heights, that would apply a 6.25 percent sales tax to cable and satellite TV, as well as internet streaming services such as Netflix, Spotify and Xbox Live. Hutchinson brought forward that proposal in an amendment to Senate Bill 9, part of the package of bills that make up the Senate’s “grand bargain.” SB 9 would expand the 6.25 percent statewide sales tax to an array of other services, including repairs, landscaping, laundry, tattoos, body piercings, tanning and much more.

    In response, HR 192 explicitly states. “Illinois should not increase taxes on citizens who depend on cable TV and satellite services for news and entertainment … we oppose expanding the State sales tax to cover the delivery of audio and video services, by cable TV, satellite dish, or other infrastructure, to Illinois homes and households.”

    A statewide tax on internet streaming would particularly hit Chicagoans hard, as city residents with subscriptions to internet-streaming services already pay a 9 percent citywide “amusement tax” on them. That citywide tax has been met with a legal challenge from the Liberty Justice Center, which filed a lawsuit on behalf of customers against the city, arguing that the tax is illegal and unconstitutional under state and federal law. A Cook County Circuit Court judge denied the city’s request to dismiss the lawsuit in July 2016 . allowing it to proceed.

    Likewise, the Senate’s statewide tax on streaming services could be legally dubious. The Senate’s tax would be imposed on “the privilege of using [the taxable service] in this State,” according to the proposed legislation. But that ill defines what using a streaming service in Illinois means. Does it apply to a person with a layover at O’Hare International Airport who is passing the time watching Netflix on her tablet? Or does it apply to any resident of Illinois regardless of whether she is within state lines when she uses Spotify or Netflix? The bill doesn’t say.

    The Senate’s bill would also require any company in the world that offers streaming services on the internet to become an Illinois tax collector simply for having a customer in Illinois – a likely illegal requirement. In 2013, the Illinois Supreme Court ruled the state’s “Amazon tax” unconstitutional. Like the Senate’s bill, the “Amazon tax” forced online retailers to collect Illinois taxes regardless of whether they had a storefront or other physical presence in the state.

    The House’s move to adopt a resolution opposing this harmful, and possibly illegal, tax is a positive step. The internet streaming tax proposal – which also applies to an array of other services – is regressive in nature and only adds to the burden created by the income tax and corporate income tax hike proposals in the Senate. Any pressure from dissenting lawmakers is needed to ensure the proposal never becomes law.

    Calling out the Senate’s damaging tax hike proposals should also lead lawmakers to conversations on economic reforms the state truly needs, instead of a laundry list of tax hikes.

    Sales Tax – Best Buy #nc #car #sales #tax, #best #buy #sales #tax


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    Tax Information

    Does sales tax apply to my BestBuy.com purchase?

    Best Buy is required by law to charge applicable sales taxes for online orders. Where sales tax applies, the order total during your checkout reflects estimated sales tax. The final sales tax charged on your order will be displayed in your order confirmation sent via e-mail. Shipping charges may also be subject to tax in certain states.

    How is the tax calculated?

    Generally, the tax rate is based on the type of product or service purchased and where your purchase is shipped, delivered or picked up.

    Cell Phone and Activated Tablet Purchases

    The sales tax collected on purchases of cell phones and certain similar devices depends in part on the method of purchase. Common scenarios include:

    • Sales tax on devices financed through a monthly payment plan will be due at the time of purchase. The sales tax due will be charged on the full price of the device.
    • In certain states, devices sold at a discount are taxed based on the discounted price. In other states, however, applicable regulations require that devices sold at a discount are taxed at the full, undiscounted price of the device (which may vary from the displayed price) or at the wholesale cost of the device to the retailer.
    • The estimated tax due at the time of purchase will be displayed in your cart. The final sales tax charged on your order will be displayed in your order confirmation sent via e-mail.

    Are There Any Other Fees and Taxes?

    Some products have state and local fees or taxes imposed on them, based on the type of product and where you live. Some fees are subject to sales tax; others are not. Common fees and taxes include:

    Public Improvement Fee (PIF) Retail Sales Fee (RSF)

    Apply to certain retail purchases in designated districts of Colorado. Designated districts impose these fees as a means to finance the district s cost for a new development or public improvement (i.e. curbs, sidewalks, public street lighting, etc.).

    California Electronic Waste Recycling Fee

    Applies to certain video display products such as computer monitors and TVs sold in California. California imposes this fee to offset the cost of properly recycling these items.

    White Goods Disposal Tax

    Applies to the purchase of large household appliances, or white goods, in certain states. These states impose this tax for the disposal of refrigerators, washers, dryers, ranges, dishwashers and other large appliances.

    E911 Fee

    Applies to the purchase of prepaid wireless telecommunication services in certain states. These states require the fee to help pay for emergency response services such as fire and rescue.

    For more information about a particular fee or tax, please contact your state s department of revenue.

    I m tax exempt but was charged tax on my BestBuy.com order. What do I do?

    If you make a tax exempt purchase on BestBuy.com but do not use one of the cards listed above, you have 30 days to give us your tax exemption information and receive a refund for the tax.

    There are two ways to get a refund:

    1. Send us a fax.

    Within 30 days of your purchase, fax a copy of your tax exemption certificate, resale certificate or other required documentation to 1-866-964-1842. Follow these steps:

    1. Write your order number and email address on your tax-exemption documentation.
    2. Label your fax cover sheet Attention: Tax Exempt.

    For your security, if you re faxing us a copy of a government purchase card, be sure to blackout the 16-digit number on the card.

    We will notify you via email if your request has been approved or denied. If denied, we ll tell you why, and may request more information.

    Once your order is fulfilled, a credit for the applicable tax amount will be applied to the form of payment used to make the purchase. If you used a credit card, please allow up to three billing cycles for the credit to appear on your statement.​

    2. Visit a Best Buy store.

    Within 30 days of your purchase, you can get a refund at your local Best Buy store. Bring a copy of your order confirmation, along with an exemption certificate, resale certificate or other required documentation, to the customer service counter.

    Who may qualify for tax-exempt purchases?

    Nonprofit organizations— Schools, public charities, churches and other religious entities, and other nonprofit organizations generally qualify under federal law. A tax exemption certificate is required.

    Individuals— Foreign diplomats, agents of foreign governments, and other individuals may be exempt from paying state and state-collected sales tax. A sales tax exemption card, such as a federal government purchase card or foreign diplomat card, is required.

    Federal and state governments— The U.S. government, its agencies, and its instrumentalities may make exempt purchases of goods and services. An exemption certificate or copy of government purchase card is required.

    Are there payment method restrictions for tax exempt purchases?

    Many states require organizations, schools, churches and hospitals to use organizational funds. This means that the credit card used must be issued by the organization to receive tax exempt status. The personal credit card of an employee working for a tax exempt organization cannot be used.

    How do I receive an updated receipt?

    If you need a receipt for your records that reflects the tax exempt refund you received, sign in to your BestBuy.com account and print a receipt. The receipt will show the credit as an adjustment to your order.

    Tax policy news – 23 March 2017 – Closely held companies tax bill passes #tax #relief #companies


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    Tax Policy

    Closely held companies tax bill passes

    The Taxation (Annual Rates for 2016 17, Closely Held Companies, and Remedial Matters) Bill passed its third reading in Parliament today. The Bill contains measures to improve, strengthen and update the rules for closely held companies, non-resident withholding tax and the approved issuer levy, and the GST rules. It also proposes a large number of technical changes to ensure the tax rules work as intended. The Bill now awaits Royal assent. For more information see the media statement .

    Special reports on changes to the NRWT rules, closely held companies, and GST services connected with land, will be published here soon, while full coverage of the new legislation will be published in an upcoming Tax Information Bulletin .

    Hon Judith Collins
    Minister of Revenue

    Bill to improve and strengthen tax rules passes

    A Bill to improve and strengthen the tax rules passed its third reading today, Revenue Minister Judith Collins says.

    Building a more competitive and productive economy for New Zealanders is a priority for this Government.

    Making sure that the tax rules keep up with social and economic changes, as well as current business practices, is a vital part of a well-functioning economy.

    Improvements to the tax rules following enactment of the Taxation (Annual Rates for 2016 17, Closely Held Companies, and Remedial Matters) Bill will give taxpayers more certainty over their tax affairs by dealing with inefficiencies and complexities that have occurred over time.

    That in turn, should result in lower compliance costs for business, Ms Collins says.

    • simplifying the look-through company rules and the dividend rules as they apply to closely held companies, to ensure that the decision to convert a small business to a company is not driven by tax considerations;
    • bolstering the rules around the tax treatment of interest earned in New Zealand by non-residents to ensure greater fairness;
    • taxpayer-friendly changes to the GST rules, such as enabling businesses to deduct GST associated with the costs of raising capital;
    • depreciation rollover relief for businesses in the upper South Island and Greater Wellington areas hit by last year s earthquakes and aftershocks, and
    • adding 14 new charities to the list of donee organisations in schedule 32 of the Income Tax Act 2007, making donors to those charities eligible for tax benefits on their donations.

    Tax on second-hand cars. #low #auto #insurance


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    Tax on second-hand cars

    Christian Pullicino wrote:

    I was reading with interest the article on The Times regarding the car registration tax ruling in Poland. I would like to enquire if pressure is being made on the Maltese authorities to review the tax system in Malta. In my opinion the government taxes heavily these products and should make a creative exercise to lower such a tax. On the other hand, I understand the revenue implications the government would face. However, investigating new sources of income, such as taxing vacant property, would level out the losses incurred.

    Claire Bonnici also asks:

    Can you tell me more on what is happening on the EU’s car tax ruling with regard to second-hand cars? Also, what position have the Maltese authorities taken on this issue?

    These are just two of several queries that I received on car registration tax on second-hand cars.

    Barely two weeks ago, the European Commission opened infringement proceedings against Malta because of the manner in which it imposes car registration tax on second-hand cars imported from the EU.

    It appears the Commission is claiming that Malta is in breach of EU law because the way it imposes tax on second-hand cars discriminates between second-hand cars imported from the EU and similar cars already registered in Malta.

    Note that the proceedings were started with respect to second-hand cars imported from the EU. We are therefore not talking about new cars and not about second-hand cars imported from outside the EU.

    The move tallies with at least two recent rulings by the European Court of Justice on this issue. It therefore came as no surprise and it was only a question of time until one of the many complaints that Maltese and other EU citizens have been filing in Brussels contesting car registration tax in Malta surfaced at the top of the Commission’s in-tray.

    More specifically, the Commission appears to be claiming that the discrimination lies in the charging of a minimum amount of tax on second-hand cars imported from the EU regardless of its real value. Charging a minimum amount of tax often means that no matter what the value of the car is, an established amount of tax would be payable. All the while, similar cars of roughly the same age and value already registered in Malta would have a residual tax incorporated in their value which is likely to be markedly lower than that slapped on a newly-imported second-hand vehicle. Hence the discrimination.

    According to reports, the Commission also appears to be contesting the manner in which the Maltese authorities value second-cars imported from the EU, in that this does not seem to be sufficiently transparent and does not give sufficient guarantees for consumers to object to valuations made by the authorities.

    The infringement proceedings involve three stages, the first of which was triggered with this first move on this issue by the Commission. The matter is not yet in court and one must now await the official reply of the Maltese authorities on the matter.

    Without pre-empting this reply, it stands to reason that once the European Court of Justice has already ruled on very similar cases, there is little chance that the prevailing Maltese situation can be justified under EU law. This means that an exercise must be undertaken to establish how the current regime can be reviewed to bring it in line with EU law.

    The question is how this shall be done and whether this exercise will necessarily lead to a reduction in tax on second-hand cars.

    On this score it must be clear that the EU can only intervene in these matters to the extent that the tax in question is applied in a discriminatory manner. It is not able to intervene simply to state that a tax is too high or too low. This must be clear. It is therefore up to the Maltese authorities to determine how this revision will be done and the ultimate rate of tax that they will apply – and they are free to do so provided they remove the inherent discrimination that exists.

    This means that the revised car registration tax or any other different tax that replaces it may not necessarily be lower. As the reader rightly points out, one has to appreciate that the Treasury nets a great deal of revenue from car registration tax – some Lm25 million a year, it appears – and it must therefore recover most of this revenue from somewhere. Having said that, it is also clear that the current tax levels on cars are inordinately high by any measure and if a way could be found of revising them downwards this would indeed be welcome.

    One way of eliminating the discrimination is by bringing down the tax on second-hand cars to the level of similar cars already registered in Malta. However, this is likely to imply a hefty loss of revenue and may therefore need to be accompanied with a corresponding rise in other taxes on second-hand cars, such as on the annual car licence fee.

    Moreover, any move on second-hand cars is tricky because it can trigger a greater shift in sales from new to second-hand cars. To prevent this, a review of the system applied on second-hand vehicles may need to be accompanied with a simultaneous review of the regime imposed on new cars as well.

    Either way, the current system will need to be reviewed. And given that the authorities may face claims for the reimbursement of taxes collected in breach of EU law, the revision is also urgent.

    Readers who would like to ask questions to be answered in this column can send an e-mail, identifying themselves, to [email protected] or through www.simonbusuttil.eu .

    Tax – Tags Calculator for New – Used Cars #volo #auto #museum


    #auto loan calculator free
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    Tax and Tags Calculator

    Find Your State’s Vehicle Tax Tag Fees

    When purchasing a vehicle, the tax and tag fees are calculated based on a number of factors, including:

    • The county the vehicle is registered in.
    • The vehicle weight.
    • The type of license plates requested.
    • Whether or not you have a trade-in.
    • The state in which you live.
    • New car sales tax OR used car sales tax.

    Calculating Sales Tax Summary:

    Auto sales tax and the cost of a new car tag are major factors in any tax, title, and license calculator. Some states provide official vehicle registration fee calculators, while others provide lists of their tax, tag, and title fees. Find your state below to determine the total cost of your new car, including the car tax.

    NOTE : Not ALL STATES offer a tax and tags calculator. (See below for states that do and don’t offer these services.)

    In addition, CarMax offers a free tax and tag calculator for some states only. This calculator can help you estimate the taxes required when purchasing a new or used vehicle.

    Anytime you are shopping around for a new vehicle and are beginning to make a budget, it’s important to factor in state taxes, titling and registration fees, vehicle inspection/smog test costs, and car insurance into your total cost. After calculating sales tax (depending on the new car sales tax rate), you may find your total fess have increased significantly.

    A major part of the final cost of a new vehicle purchase can be the taxes you’ll need to pay and the registration/titling fees you’ll owe to your state’s Department of Motor Vehicles (DMV), Motor Vehicle Division (MVD), Motor Vehicle Administration (MVA), Department of Revenue (DOR), Secretary of State (SOS), or local county clerk’s office.

    States with Online Tax Tag Calculators

    The following states offer FREE calculators to help you determine sales and/or registration taxes:

    To use the calculators above including the car payments calculator NJ, you’ll usually need to enter some basic information about the vehicle you plan to purchase. The information you may need to enter into the tax and tag calculators may include:

    • The vehicle identification number (VIN).
    • The make, model, and year of your vehicle.
    • The date that you purchased (or plan to purchase) the vehicle.
    • The date the vehicle entered (or will enter) the state you plan to register it in.
    • The type of license plates/registration you need for the vehicle.

    If you experience any issues with any of the free tax and tag calculators above, please contact your state’s DMV. MVD, MVA, DOR, SOS, or county clerk’s office directly.

    States with Tax Tag Charts Only

    The following states provide TAX CHARTS INFORMATION (no calculators) to help you determine sales and/or registration taxes:

    Generally, these lists/charts will be organized and broken down by:

    • Vehicle model years and weight classes.
    • Sales tax percentages.
    • Vehicle types and classification.
    • Titling procedures.
    • Duration of the registration.

    If you need help interpreting your state’s chart or have questions about which category your vehicle will fall under, please contact your state’s DMV. MVD, MVA, DOR, SOS, or county clerk’s office directly.

    Other Costs to Consider When Purchasing a Vehicle

    In addition to your state’s sales, use and property taxes, and any DMV, MVD, MVA, DOR, SOS, or county clerk titling and registration fees, you’ll need to consider the cost and fees for the following aspects of a vehicle purchase:

    • Ordering a VIN check or vehicle history report.
    • Getting a vehicle inspection, smog check, or emissions test.
    • Buying car insurance.
    • Performing any maintenance or upgrades.

    For more information about some of those topics, please visit our pages on:

    Tax Benefits of Donating a Vehicle #car #donation #tax #benefit


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    Tax Benefits of Donating a Vehicle

    Continue Reading Below

    But some people who give away an old auto might find their tax break smaller than they expected. And a few donors, thanks to the intricacies of vehicle gift guidelines, might be able to boost their deduction amounts.

    Giving away a clunker to a charity was once straightforward. You could claim the old car’s fair market value, that is, the amount a willing buyer would pay a willing seller for the product. Typically, you’d refer to auto valuation services, such as the Kelley Blue Book, to get an idea of the donated car’s value, give it to your favorite nonprofit and then drive off with a tax break equal to that valuation amount. No more.

    Because some taxpayers got greedy, claiming much more than their old autos were worth, lawmakers tightened the rules on how much you can write off for a vehicle donation. Now the precise tax break depends on the donor’s claimed value of the gift and how the charity uses the vehicle.

    This puts taxpayers in the unusual situation of not knowing the size of their deduction when they make the donation, says Bob D. Scharin, senior tax analyst from the Tax Accounting business of Thomson Reuters.
    $500 limit

    More On This.

    In most instances, a taxpayer must take into account a $500 threshold on vehicular gifts. This value amount applies to autos, boats and even airplanes. When the donated vehicle’s value (based on credible fair market value analyses) exceeds that amount, claiming the deduction gets more complicated.

    Continue Reading Below

    This valuation ceiling comes into play when a charity sells a donated vehicle. In this case, just how much a taxpayer can deduct depends on the amount the sale nets.

    For example, you donate your old station wagon that’s worth $1,000. Under the old rules, that would be the amount you could deduct. But now, if the charity turns around and sells your donation for $800, your deduction is limited to the lower sales price.

    The charity must give you substantiation of the Internal Revenue Service-allowed donation amount within 30 days of when you turn your car over to the charity or, if the group sells the auto, within 30 days of the vehicle’s sale.

    If you haven’t heard from the charity, give it a call and ask that it send, or resend, you the donation specifics. Plus, you now must include a copy of the acknowledgment, IRS Form 1098-C or an IRS acceptable substitute form that is sent to you and copied to the agency, with your tax return. Previously, such documentation was generally only kept by the taxpayer in case the IRS questioned a claimed deduction.

    The vehicle donation law, however, does provide a few exceptions that will allow a giver to claim the auto’s fair market value.

    Say you donated your $1,000 station wagon to a food bank. Instead of immediately selling it, the group used the auto for several months to deliver meals and other food items to needy families. Eventually, the organization decided to sell the vehicle for $800. In this case, you could still claim the full $1,000 fair market value of the auto as long as you received documentation from the food bank on not only the sales price, but also how the auto was used for nonprofit works before the sale. Under the IRS regulations, this is classified as significant intervening use of the vehicle that allows the taxpayer to claim the higher deduction.

    Other examples of IRS-accepted intervening use are a donated auto used by a charity to transport clients to doctor appointments or a car given to a vocational school that used it in its automotive repair classes.

    The IRS says a donor also can claim a fair market value deduction if the charity makes a material improvement to the vehicle. This, according to the tax agency, means major repairs that significantly increase the auto’s value. Material improvements do not include finish work (such as painting, waxing or rust proofing), dent or scratch removal, installation of theft-deterrent devices, or the cleaning or repair of upholstery.

    Break for bargain-basement sales

    What if the charity immediately sells your donated station wagon, but for a mere $300?

    Scharin says don’t shortchange yourself. Under the new auto-donation rules, you might be able to claim a $500 deduction even though the charity sold your auto for $200 less.

    The IRS says this larger deduction allowance is OK in cases where a charity sells a donated vehicle at a price significantly below market value, or even gives it away to a needy person, as long as it’s done to further the charity’s mission of helping a poor person who needs transportation.

    Be careful here. Make sure the vehicle did indeed go to a needy individual. Shortly after the vehicle donation rules changed, the IRS discovered that some charities sold autos at auction but reported that the sales — at prices well below market value — were to disadvantaged buyers, to trigger the exception that allows the donor a higher deduction amount. If the IRS discovers such false reporting, it could totally disallow your donation and deduction.

    Also keep in mind that regardless of how a charity disposes of your donated vehicle, your deduction cannot exceed the value of your donation. So if you donate a clunker worth $150, says Scharin, that is the amount you can deduct even if the charity gives the auto away.

    Other donation rules still apply

    Of course, the general tax laws regarding all charitable gifts still apply to automotive gifts.

    First, the timing of your donation is critical. All charitable gifts must be made in the tax year for which you are filing the return. To claim a donated auto on your current tax return, you must have given the vehicle to a charity by Dec. 31 of the tax year for which it is claimed.

    Be sure to check out the charity before dropping off your auto. Thousands of philanthropic groups accept gifts of vehicles. The important thing is to make sure that the one you select is a reputable and tax-qualified organization. Unfortunately, some con artists take advantage of people’s good intentions and accept cars that never go to philanthropic causes.

    Other groups may well do valuable community work, but they are not approved charitable organizations under IRS rules. Ask for copies of the group’s federal tax-exempt status documents. You also can check out the IRS’ website directory to see if the charity is on the approved list or peruse GuideStar’s registry at GuideStar.org, which provides information on millions of U.S. nonprofit organizations. Finally, you can use IRS’ online search tool, Exempt Organizations Select Check, to determine if the charity meets IRS rules.

    Charitable gifts require itemization

    Next, to write off your auto gift, you must itemize instead of claiming the standard deduction. That means you have to keep track of what you give and file the long Form 1040 and Schedule A on which you list itemized deductions.

    If your old car is the only deduction you can claim on Schedule A, giving it to a charity may not be worth it from a tax standpoint. But if your itemized expenses are close to your standard deduction amount, adding the value of a donated car could be just what you need to make itemizing the right tax choice this year.

    Also keep in mind that as a tax deduction, the value of your car does not directly cut your tax bill. Deductions are used to reduce your taxable income, which usually does mean you’ll owe less taxes. But a deduction’s actual worth depends on your tax bracket. That means a donation of a $300 auto translates to a tax cut of only $75 for a filer in the 25% tax range.

    So if you would rather have the cash instead of a comparatively small tax break, sell your old auto. If, on the other hand, you’re feeling generous — or don’t want to spend what it would take to get the clunker in sellable shape — giving it to a charity might be the better route.

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    #

    The IRS will file OVER 3 MILLION Liens, Levies and Seizures this Year

    Are You Sitting Around Waiting to Lose your Paycheck, Home, Bank Account, Personal Property or Business? Why are you waiting?

    It’s so simple for you to get help. Just call us now and let our Experienced Tax Attorneys Settle Your Tax Problems. Whether you have already been contacted by the IRS, or if you’re just waiting for them to show up (which they will), all you have to do is make a FREE CALL to stop them from ruining your life. The call is free, confidential and may save your life from devastation. Call Us Now at 1-888-776-7770.

    – Do you have unfiled or unpaid back taxes? – Has the IRS garnished your wages, seized your property or bank account? – Are you afraid to put money in the bank, get a job, start a business or buy a home because you know the IRS will get you? – Have you already made an agreement with the IRS without talking to a lawyer?

    Do you have any tax issue and haven’t talked to an Experienced Tax Attorney?

    If so, take action right now! Priority Tax Relief will stop the IRS in their tracks! Our professional staff of Tax Attorneys, IRS Licensed Enrolled Agents, and Tax Analysts will provide you with the representation that you need and deserve. With over 40 years of combined experience, our tax professionals will find the solution that is right for you.

    Once you become a client, Priority Tax Relief will communicate and correspond directly with the IRS and the State on your behalf. You will no longer have to speak to or communicate with any tax agency regarding your tax debt.

    The Tax Attorneys at Priority Tax Relief will find the best solution to your IRS or State Tax Problem. All you have to do is decide that you are sick and tired of tax problems and want to get back to living a normal life.

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    NOTE: There are many companies that offer Tax Resolution and Tax Relief services, although many are less than reputable. We urge you to view our A+ BBB Rating by clicking the link below:

    Better Business Bureau.com

    Tax Credit Car Donation #tax #credit #car #donation


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    Tax Credit Car Donation

    on October 11, 2016

    For professional advice, please consult your tax advisor. And although we often accept car donations, boat donations, or other vehicle donations in any

    Donate Vehicle To Charity Tax Write Off To claim a tax deduction for a donated vehicle, you must give it to a qualified charitable organization. If you give your vehicle to a non-qualified organization or Why Choose Action Donation Services to Process Your Donation We Do Everything Reasonable to Maximize Your Legal Tax Deduction! We are different from our … Donating

    Cardriveby.Com All About Car Donation – “Cardriveby.Com” Is A Blog Developed To People, Who Are Looking For Useful Information To Donate Their Cars. Learn The Right Procedure To Donate Your Vehicle …

    Please refer to our Post with subject line “Important Service Tax Amendments through Budget, 2016” in point no. 4 of attachment, we explained the changes in

    You can donate any car, truck, RV or boat in any condition and from any location to help us save animals and get a tax deduction at the same time! It s quick

    Energy Efficient Tax Credit. If the new car you purchased is an energy efficient vehicle (hybrid or alternative fuel) you may be eligible for a tax credit.

    Tips for Choosing the Best Car Donation Program There are hundreds of car donation programs on the internet making heartfelt appeals for vehicles, but only a …

    The Home Reno Tax Credit will only help the Government and contractors… Why? Because the renovation business has always been a black market – mostly everyone …

    – Donate a Car | Fundraising | Ways To Help | Make-A-Wish IdahoSupport Make-A-Wish Idaho with a Car Donation Yes, there is an Idaho State tax credit for donating to a youth organization, and Idaho Youth Ranch is a

    Dec 8, 2009 Have you thought of making a car donation to get tax relief? you get from the donation (since this is a deduction, rather than a credit). $750 for

    Under the Arizona Charitable Tax Credit Law (ARS43-1088), you can receive a Donate it today to RMHC Phoenix the average car donated will help RMHC

    How To donate vehicle to charity educational ReadThe focal thing you would esteem to do is a choose a charity that you would like to accept your motorcar donation.

    Nov 14, 2013 Host Peter Sagal and Panelist Paula Poundstone, along with Car have joined forces with Car Talk s Vehicle Donation Program, to tow Donations are tax deductible and benefit the public radio station of your choosing.

    2016 Amended Tax Return Refund Schedule, Rules, Form 1040X and Deadlines #amend,tax #return


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    So you have submitted your tax return and at some stage down the road you notice that you forgot to claim one of the many stimulus credits or qualified deductions. You may think that this money is gone now that your return has been submitted but you would be wrong; since you can actually send an amended tax return and claim this extra cash. The IRS will process free of charge your amended return and then pay you back what you are due. On the flip side if you owe more than you paid with your original filing, then you should still file an amended return with the extra tax payments. Most likely you will also have to pay a fine or penalty as well which will be lower the sooner you pay the extra taxes. Also it is better to fess up an pay early rather than face an IRS audit which will pick up these overdue tax payments

    Amended Tax Return Refund Schedule Cycle

    While the IRS promises to have regular return refunds processed within 21 days for nine out of ten tax payers, it does take quite a bit longer to receive a refund if you amended your tax return. Generally you will have to wait 8 to 12 weeks for the IRS to process amended returns since they prioritize regular returns. Also note that the standard Where s my refund service from the IRS does not track amended tax return status . You need to use the IRS tool, Where s My Amended Return instead. You can also access the tool via phone by calling 1-866-464-2050. Only call the IRS to follow up on delayed amended return refunds after 12 weeks. The number to call is 1-800-829-1040

    Here are other key factors to keep in mind with amended tax return filings :

    What you can and cannot file an amended return for. You should file an amended return if you discover any of the following items were reported incorrectly: filing status, dependents, total income, deductions or credits. You usually do not need to file an amended return because you forgot to include tax forms such as W-2s or schedules. The IRS normally will send a separate request asking for those documents.

    Once you have submitted your federal income tax return, you can no longer change that return. (One exception: If your e-filed tax return is rejected, you can make changes before sending it in again) If you want to make changes after the original tax return has been filed, you must file an amended tax return using a special form called the 1040X Amended U.S. Individual Income Tax Return, entering the changes and explaining why you need to amend your original tax return. You don t have to redo your entire return, either. Just show the necessary changes and adjust your tax liability accordingly

    Deadlines to File the Amended return. You generally must file an amended return within three years of the date you filed the original return or within two years after the date you paid the tax, whichever is later. Be sure to enter the year of the return you are amending at the top of Form 1040X

    You can use e-tax preparation software to amend your return. In fact, TurboTax walks you step-by-step through amending your federal income tax return. However you still need to file and mail the amended return using Form 1040X manually. The IRS isn t set up to accept an amended returns electronically.

    If you are amending more than one tax return, prepare a 1040X for each return and mail them in separate envelopes to the IRS office for the area in which you live. The 1040X instructions list the addresses for the campuses. If the changes involve another schedule or form, you must attach it to the 1040X.

    Amending your state tax return. First, fill out an amended federal income tax return, Form 1040X. Then, get the proper form from your state and fill it out. Like the IRS, your state uses a special form for an amended return. Many states also use the X suffix for the form number. For example, California uses Form 540X and Hawaii uses Form N-188X. Don t forget to attach a copy of your amended federal return (Form 1040X) to your amended state return.

    If you owe additional taxes for a past tax year, you should still file. Form 1040X and pay the tax as soon as possible to limit interest and penalty charges. Interest is charged on any tax not paid by the due date of the original return, without regard to extensions .

    Share this:

    Online Services – Board of Equalization #tax #relief #agencies


    #

    Register for a Permit, License, or Account

    You can register online for most sales and use tax accounts and special tax and fee programs, including, but not limited to:

    • Seller’s Permit
    • International Fuel Tax Agreement (IFTA)
    • Timber Yield Tax
    • California Fuel Trip Permit
    • Annual Flat Rate Decals
    • Prepaid Mobile Telephony Services Surcharge

    You can also use the registration system to:

    • Pay Use Tax
    • Claim an exemption on a purchase of a vehicle, vessel, aircraft or mobile home
    • Pay taxes on internet purchases of cigarette/tobacco products

    You will answer questions regarding your business activities and the registration system will identify the permits and licenses required.

    The registration process will automatically save the information at each step, allow you to quit at any time and continue at a later date.

    Note: Partially completed applications will be deleted after 30 days.

    Renew a License and/or Request Additional Decals

    You can also use our online registration system to renew your license for Cigarette and Tobacco Products, International Fuel Tax Agreement (IFTA) and/or request additional decals.

    File a Return

    Depending on your type of business, the BOE offers convenient online filing services for eligible accounts to file tax returns, prepayments, reports, and claims for refund (Motor Fuels Tax accounts only). The following programs are available for online filing:

    Make a Payment

    We offer a number of convenient payment methods for our tax and fee payers to apply toward current and past due liabilities. Usually, customers who are filing a return also make payment at the same time. You can also make payments directly from your bank account, credit card, check, or money order. In addition, some of our customers are required to make payment through an Electronic Funds Transfer (EFT). Select your payment method now.

    Relief Requests

    With relief requests, you can submit a request for relief from penalty and/or interest charges or fee. You can also submit a request for an extension if additional time is needed to file your tax or fee return or prepayment. Requests can be submitted for the following:

    • Declaration of Timely Mailing
    • Extension of Time to File a Tax/Fee Return
    • Relief from Penalty or Interest
    • Relief from Penalty and Interest Due to Disaster
    • Relief of the Collection Cost Recovery Fee

    Note: Relief requests cannot be submitted for Timber Yield Tax, Insurance Tax, and Surplus Line Broker Tax accounts.

    Cigarette Tax Stamp Program

    Licensed cigarette distributors can order and check on the status of their orders online. To use the system, you must be a registered stamp purchaser and have a valid e-mail account, user ID, and password.

    Permit, License, or Account Verification

    The Permit, License, or Account Verification system is available to help you determine if a:

    • Seller’s permit number included on a resale certificate is valid
    • Prepaid Mobile Telephony Services Surcharge account is valid
    • Cigarette/tobacco license is valid
    • Vendor of covered electronic devices (CED’s) is registered to collect and remit the electronic waste fee.
    • Underground Storage Tank Maintenance Fee Account is valid

    BOE Mobile Services

    BOE has created web applications for your mobile devices to easily and conveniently obtain useful information.

    Services

    Other Online Services

    What is online registration? (Espa ol | | | Ti ng Vi t )

    Online registration is a convenient, fast, and free way to register online for a permit, license, or account with the BOE.

    Who can register?

    Anyone with a computer and internet access can use the quick and convenient system.

    What are the benefits?

    • One click starts the process for the permits, licenses, and accounts
    • You can easily apply for new licenses or add business locations
    • The system is free to use but some permits, licenses, or accounts may require a fee or deposit
    • View the status of your application(s) online
    • Get emails with updates on the status of your application(s)
    • Online help and live assistance during business hours
    • Get links to reference materials related to your business activities

    Click Here to
    Get Started

    What can I do?

    • Get a seller’s permit
    • Add a new business location to an existing BOE account
    • Register as a qualified purchaser
    • Pay use tax for one-time purchases
    • Pay use tax or claim an exemption for vehicles, vessels, aircraft, and manufactured or mobile homes
    • Register for a Timber Yield Tax account
    • Register as a cigarette retailer and pay the licensing fee
    • Register to pay taxes on internet purchases of cigarette or tobacco products
    • Register for an International Fuel Tax Agreement (IFTA) account and purchase IFTA decals
    • Renew a license for cigarette and tobacco products, International Fuel Tax Agreement (IFTA) and/or request additional decals
    • Apply for and purchase a California Fuel Trip permit
    • Apply for and purchase Annual Flat Rate Decals for private passenger vehicles
    • Register for other Special Tax and Fee Programs

    How can I learn more?

    The Board of Equalization has developed a number of informational and marketing materials to help you or your organization learn more.

    The California Board of Equalization Electronic Registration application won a 2013
    Digital Government Achievement Award in the Government-to-business category

    File a Return

    Property tax reduction, Property tax consultant in Texas, USA #tax #lawyer #houston


    #

    Texas Fairness Checker
    Find Out If You Are Being Over-taxed

    Property Tax Tip of the day

    Importance of timely paying property taxes

    The penalties for late payment of property taxes are massive. Being one day late causes a 7% penalty. Being one month and a day late causes a 9% penalty. If taxes are not paid by June 30th, the penalties total 15% plus another 20% for collection costs. In other words, being 5 months late causes a penalty of 35%, or 84% on an annual basis.

    Property Tax Reduction

    Texas’ Largest Property Tax Consultant

    We have a better record than most firms when it comes to results. We consistently strive to decrease the assessed value of your property regardless of market value fluctuations.

    We represent property owners in more than 70 Texas appraisal districts including the Harris County Appraisal District, Fort Bend Appraisal District, Brazoria Appraisal District, Galveston Appraisal District, Montgomery Appraisal District, Dallas Appraisal District, Tarrant Appraisal District, Collin Appraisal District, Denton Appraisal District, Travis Appraisal District, Williamson Appraisal District and Bexar Appraisal District. We also offer property tax protest services in other counties states.

    Choose O’Connor & Associates today to lower your property taxes!

    Commercial Owners

    O’Connor is an established statewide leader in uniform and equal property tax relief. We have the expertise and manpower to help you lower your taxes by helping analyze your property’s appropriate value using one or more of the accepted approaches to establishing value. We use a proven system to maneuver smoothly through all steps in the Texas tax appeal process, achieving tax cuts through administrative appeals- informal hearings or appraisal review board (ARB) hearings.

    Home Owners

    We provide a property tax reduction service to residential homeowners in exchange for a contingency fee of 50% of all property taxes saved by O’Connor & Associates through administrative hearings or through a judicial appeal, for that tax year. We will..

    • analyze existing assessments
    • research, prepare and present appeals on your behalf at informal hearings
    • coordinate a mutually agreed lawsuit if appropriate

    You are not billed for court costs, appraisals, expert witness fees or legal fees.

    What We Do?

    We have the expertise and the manpower to help you lower your property taxes. In 2015, O’Connor & Associates filed more than 175,000 protests, cutting our clients’ taxes by over $43 million. We will aggressively pursue every legal avenue to protest and lower your taxes:
    • Informal hearings
    • Appraisal Review Board (ARB) hearings
    • Judicial appeals
    Even if your property is taxed for less than its market value, you could still be eligible for a property tax cut based on inequitable assessment compared to neighboring or competing properties. Our staff generated property tax savings for 74% of Harris County residential properties that we represented and 69% of Harris County commercial properties that we represented in 2009!

    How to Protest?

    You have a right to lower property taxes! State law prescribes a procedure for protesting the assessed value of your property, upon which you are taxed by multiple taxing jurisdictions. The process is sometimes laborious and can be painstaking. But it is possible to achieve results if you can present evidence to support your case. You may represent yourself, or you may engage an agent to represent you by signing an Appointment of Agent form. Any agent who presents an appeal on your behalf must be a Licensed Tax Consultant in the State of Texas or possess another related real estate license.

    Appraisals

    Commercial real estate appraisals are used for heap purposes including land loaning, due tirelessness, domain charge arranging, judgment, prosecution, salary charges (cost isolation) and an assortment of different purposes. O’Connor and Associates is the biggest autonomous land evaluation firm in the Southwest. Our group of valuation and business sector study experts have a gigantic expansiveness and profundity of business land experience which incorporates a wide range of business land.

    Research & Consulting

    Market research and consulting services are the major milestone and initial basis of O’Connor & Associates services. Since, then clients and the media have been relying upon O’Connor & Associates as a credible source of market insights, market data and consulting.

    CNG Utah – CNG Frequently Asked Questions #cng #tax #credit


    #

    CNG Frequently Asked Questions

    By driving a CNG powered vehicle in the state of Utah you are eligible for these great benefits:

    • Much cheaper than gasoline:
      $1.69-$2.03 per GGE (gasoline gallon equivalent)
    • Drive solo in the carpool lane.*
    • Park free in downtown SLC.*
      * With a C Decal

    Benefits of buying from CNG Utah:

    • The vehicles are already here. Come drive them yourself and don’t pay hefty shipping fees.
    • The vehicles have already passed safety and emissions inspections.
    • Family owned and operated.
    • CNG Utah is a licensed and bonded dealership.
    • No extra dealer document fees.
    • All of our vehicles are EPA certified.

    How does the tax credit work?

    As of January 1st, 2015, the Utah state tax credit no longer applies to used vehicle purchases. The following information applies to vehicles purchased prior to 2015.

    Please email us if you have incremental cost documentation that you would be willing to share.

    Where can you buy CNG fuel?

    CNG is easily purchased at many stations along the Wasatch Front. Most stations are located near I-15 and just require a normal credit card.

    There are six state owned stations in Utah. They are open to the public but only accept Visa credit cards.
    More Information

    Most southern California stations use credit cards, while most Northern California stations require a PG E card. Apply Here

    US Department of Energy Fuel Station Locator
    (Just select Compressed Natural Gas as the fuel and then enter your zip code or address.)

    Can you drive in the carpool lane?

    The Clean Fuel (C) Decal allows you to drive in the HOV lane with only one person in the vehicle.

    The state of Utah will issue a C Decal to qualifying vehicles. Bi-fuel vehicles which run on gasoline or CNG do not qualify.

    Most dedicated CNG vehicles and electric vehicles (including plug in hybrids) qualify. Be sure to visit the state website for the full list of qualifying vehicles.

    Can you park for free in Salt Lake City?

    Free parking is available for many dedicated CNG and electric vehicles in Salt Lake City using the Green Vehicle sticker.

    Please visit the official website for a full list of qualifying vehicles.

    Can you convert any car to CNG?

    There are many kits available to convert nearly any vehicle to CNG. Various government agencies are still debating the legality of these conversions. For now, CNG Utah sells primarily OEM vehicles which came from the factory running on CNG. We do not currently perform conversions.
    Email us for a list of conversion shops.

    How safe are CNG vehicles?

    How safe is Natural Gas stored at 3600 psi in my trunk?

    This is a question that we’ve asked ourselves and our customers have asked us. We are convinced that you are much less likely of being injured by an exploding CNG tank than you are of being burned by an exploding gasoline tank.

    CNG is generally over 90% methane. Here are the facts about Methane and CNG:

    • Methane has a higher flash point than gasoline. 1300 vs 450-900
    • Methane has a narrower range of combustion than gasoline (ratio of fuel to air)
    • Methane is lighter than air – it vents upwards – gasoline forms puddles and ignites from adjacent sparks.

    CNG tanks have safety devices built into them to vent gas as pressure builds to prevent explosion.

    CNG tanks are exponentially stronger than gasoline tanks.

    This video shows some of the tests done on CNG cylinders:

    Owner’s manuals and more information.

    Ford Bi-Fuel Supplement (.pdf)
    (This manual applies to most Ford Bi-Fuel cars and trucks.)

    www.cngchat.com is a very helpful resource for CNG vehicle owners.

    Picture taken at Flying J truck stop in Springville, Utah on August 14, 2008.

    Copyright � CNG Utah LLC

    Connecticut Natural Gas #cng #tax #credit


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    Introducing our Interactive Voice Response (IVR) telephone communication system!

    Customers who now dial in to 860-524-8361 in Greater Hartford or 203-869-6900 in Greenwich will reach our new interactive voice response system. The IVR adds round the clock functionality and will allow CNG customers to interact with our customer service system in either English or Spanish.

    The IVR provides customers with instant access to up-to-date billing and account information without the need to speak with a representative. Customers also can sign up for paperless billing, request a duplicate bill, make payment arrangements, learn about energy assitance programs, locate no-fee bill payment sites and more!

    If there is a need to speak with a customer representative, that option is available during normal business hours.

    If your issue requires immediate attention – please call us at 860-524-8361.

    Click here to review our FAQs or to send an email inquiry to our Customer Care Center.

    Please note emails will receive a response within three (3) business days from receipt of message.

    Additional Contact Numbers:

    Service or Billing Information:

    Credit Collections:

    Meter Reading Phone Line:

    (This address is for payments ONLY.)

    Connecticut Natural Gas

    Chelsea, MA 02150-9245

    *Please use the Gas Leak Only telephone number for emergency purposes only.

    Private Party Vehicle Use Tax #auto #scratch #repair


    #private car sales
    #

    Private Party Vehicle Use Tax

    Definition

    The tax is imposed on motor vehicles purchased (or acquired by gift or transfer) from another individual or private party. (Sales of motor vehicles from registered Illinois dealers are taxed under the Retailers Occupation Tax Act.)

    Tax Rate

    Use the Use Tax Rate Table in the Tax Rate Database to determine your tax liability.

    Form/Filing and Payment Requirements

    • Form RUT-50, Private Party Vehicle Use Tax Transaction Return

    Form RUT-50 is generally obtained when you license and title your vehicle at the local driver’s license facility or currency exchange. If you need to obtain the forms prior to registering the vehicle, send us an email request or call our 24-hour Forms Order Line at 1 800 356-6302. Include in your request your name and mailing address and the type of form you are requesting. Note that we cannot email or fax you the requested form. Instead, we will complete your request via the U.S. Postal Service. Do not make copies of the forms prior to completing. These forms have unique transaction numbers that should not be duplicated. Doing so could delay processing.

    The RUT-50 is due within 30 days of the date the item is purchased (or acquired by gift or transfer).

    NOTE: Form RUT-50 and any tax due is submitted to the Office of the Secretary of State when the purchaser applies for title to the motor vehicle.

    • STS-76 – Illinois Aircraft/Watercraft and Vehicle Tax Information Guide

    Municipal or County Private Party Vehicle Use Tax

    The Department also administers local private party vehicle use taxes for certain units of local government. See RUT-6, Form RUT-50 Reference Guide. to determine whether you must report and pay an additional amount for local private party vehicle use tax when you file Form RUT-50.

    Exemptions

    See the Private Vehicle Use Tax Chart for a list of exemptions and exceptions.

    Private Party Vehicle Use Tax #auto #india


    #private car sales
    #

    Private Party Vehicle Use Tax

    Definition

    The tax is imposed on motor vehicles purchased (or acquired by gift or transfer) from another individual or private party. (Sales of motor vehicles from registered Illinois dealers are taxed under the Retailers Occupation Tax Act.)

    Tax Rate

    Use the Use Tax Rate Table in the Tax Rate Database to determine your tax liability.

    Form/Filing and Payment Requirements

    • Form RUT-50, Private Party Vehicle Use Tax Transaction Return

    Form RUT-50 is generally obtained when you license and title your vehicle at the local driver’s license facility or currency exchange. If you need to obtain the forms prior to registering the vehicle, send us an email request or call our 24-hour Forms Order Line at 1 800 356-6302. Include in your request your name and mailing address and the type of form you are requesting. Note that we cannot email or fax you the requested form. Instead, we will complete your request via the U.S. Postal Service. Do not make copies of the forms prior to completing. These forms have unique transaction numbers that should not be duplicated. Doing so could delay processing.

    The RUT-50 is due within 30 days of the date the item is purchased (or acquired by gift or transfer).

    NOTE: Form RUT-50 and any tax due is submitted to the Office of the Secretary of State when the purchaser applies for title to the motor vehicle.

    • STS-76 – Illinois Aircraft/Watercraft and Vehicle Tax Information Guide

    Municipal or County Private Party Vehicle Use Tax

    The Department also administers local private party vehicle use taxes for certain units of local government. See RUT-6, Form RUT-50 Reference Guide. to determine whether you must report and pay an additional amount for local private party vehicle use tax when you file Form RUT-50.

    Exemptions

    See the Private Vehicle Use Tax Chart for a list of exemptions and exceptions.

    Auto Rebates and Coupon Tax Facts #buy #a #used #car


    #auto rebates
    #

    Auto Rebates and Coupon Tax Facts

    By Donna L. Montaldo. Coupons/Bargains Expert

    Donna Montaldo is a journalist who combines her past experience in the retail industry with her experience and passion for using coupons and finding bargains. Read more

    Consumers and automobile manufacturers benefit from the many cash-back coupons and rebates offered on car sales. Another group that benefits greatly are the state tax collectors.

    Last year cash rebates totaled more than $28 billion, according to Edmunds.com. Although much of the 28 billion is returned to the consumer, many states collect sales or excise taxes on the pre-rebate sale price.

    Continue Reading Below

    Consumers are Catching On

    Car buyers are launching complaints when they discover that they paid sales tax on the pre-rebated amount of their automobile purchase.

    Jack Gillis of Consumer Federation of America told the Washington Post that he finds the policy outrageous and said Sales tax always has to be based on the actual sales price. With a rebate, that s price less the rebate. What s the next step – you go ahead and charge tax on the MSRP (manufacturer s suggested retail price) even though you ve negotiated $5,000 off the price?

    In many states, car sales taxes are handled much the same way as grocery store coupons. If an in-store coupon or frequent shopper card results in the consumer paying a lower amount for an item, then the savings is subtracted from the total before the tax is computed.

    However, if the consumer uses a coupon supplied by a manufacturer, then the tax is figured on the total sale first then the coupon amount is deducted. If the consumer savings comes by mailing in a rebate, the sales tax is based on what the consumer pays at the time of purchase.

    Continue Reading Below

    In car sales, consumers who purchase a car using the popular employee discount method would pay taxes based on what they paid at the time of sale. However, if the consumer receives a manufacturers coupon that reduces the price, the tax is calculated at the full sale price and then the coupon amount is deducted from the sale.

    How Much is it Costing Consumers?

    Example:

    Auto Price – 30,000

    • Automatic Manufacturer Discount – 10 percent
    • Adjusted Auto Price – 27,000
    • Sales Tax (Based on 6 percent) – $810
    • Total Price Paid by Consumer – $27,810

    Auto Price – 30,000

    • Manufacturer Rebate Coupon – 10 Percent
    • Sales Tax (Based on 3 percent) – $900
    • Adjusted Auto Price – $30,900
    • Coupon Deduction – $3,000
    • Total Price Paid by Consumer – $27,900

    Difference – $90

    Because of consumer confusion about coupons, rebates and sales tax, some manufacturers are considering reducing the prices of the automobiles on a permanent bases which would mean consumers are taxed based on how much they actually pay for the car.

    Not all states tax car sales the same way. In Delaware, consumers pay 2.75 percent of the price consumers pay at the time of sale. If a rebate or coupon is subtracted from the total at the time of sale, then the consumer pays tax based on the adjusted amount. If a rebate is paid to the consumer at a later time then at the point of sale, then they have the option to complete a state form requesting a refund on the rebate amount.

    The debate over the future of rebates in the auto industry continues with some analysts who believe they are here to stay.

    George Hoffer, professor of economics at Virginia Commonwealth University, told the Washington Post, Lower list prices and cutting dealer margins forces the dealer into narrow band of prices. It guarantees factories will have to come back with rebates.

    Auto Rebates Don t Help Tax Bite #auto #movers


    #auto rebates
    #

    Auto Rebates Don’t Help Tax Bite

    By Albert B. Crenshaw

    Washington Post Staff Writer

    Friday, August 26, 2005

    The recent explosion of cash-back coupons and rebates on the sale of cars and trucks has done great things for automobile manufacturers, for consumers, and — largely unnoticed — for many state tax collectors.

    Edmunds.com, which tracks the automobile industry, put total cash rebates last year at more than $28 billion nationwide. And lots of states are collecting sales or excise taxes on that amount, even though it is ultimately returned to customers.

    As a result, state tax collectors benefit two ways — both from the rise in sales, which of course creates more revenue to be taxed, and from the tax on the higher, pre-rebate sales price.

    The state’s hand is hidden in this, but it’s in your pocket, said John B. Townsend II of AAA Mid-Atlantic.

    Under the laws of the District and most states, including Maryland and Virginia, a rebate is treated as a form of cash payment [to the seller] so it doesn’t affect the transaction price, said George E. Hoffer, professor of economics at Virginia Commonwealth University.

    Jack Gillis of the Consumer Federation of America, said his group has had several complaints recently from car buyers who noticed that they had been taxed on a higher amount than they had paid. That’s outrageous, Gillis said. Sales tax always has to be based on the actual sales price. With a rebate, that’s price less the rebate. What’s the next step — you go ahead and charge tax on the MSRP [manufacturer’s suggested retail price] even though you’ve negotiated $5,000 off the price?

    In the wake of the success of other forms of price reductions such as employee discounts that U.S. manufacturers offered this summer, some have been talking about moving permanently to lower prices rather than spasmodic rebate campaigns. Such a shift, if it were to take place and stick, might reduce revenue in some states, though in today’s strong economy that prospect is not as worrisome as it might have been a few years ago.

    Since not all states tax rebates, and those that do charge widely varying rates, figuring an overall revenue loss is difficult. But some states have calculated the possible consequences of a loss to rebate taxes. In Virginia, for example, early estimates put the figure in the $20 million to $30 million range.

    Since the state’s 3 percent auto excise tax brings in more than $600 million a year, such a loss would be noticeable but hardly devastating.

    The states’ sales tax base is a big sucker, [and] although motor vehicles are a nontrivial component of the base, I’m not sure that would provide a really major shock, said John L. Mikesell, an Indiana University professor who studies sales and related taxes. You’re not zeroing out autos from the base, just diddling with a piece of it. I’m guessing it’s not going to create a particular catastrophe.

    Most states’ taxes on car sales adopt a principle similar to the one that states often employ with grocery store coupons: If the store cuts the price, either directly or as a result of a lower price from the manufacturer, the sales tax is computed on the price the customer pays. Similarly, if the store cuts the price via an in-store coupon or a frequent-shopper card, the coupon value is subtracted at the cash register before the tax is computed.

    On the other hand, if a coupon is supplied and paid by a third party, such as a toothbrush manufacturer, then the tax is based on the store’s shelf price for the toothbrush before the coupon is applied.

    Manufacturers’ coupons on groceries and other items amounted to $2.8 billion in redemptions last year, according to NCH Marketing Services Inc. a consulting and research firm based in Deerfield, Ill. However, that sum is small in comparison with automotive rebates.

    In many states, taxes on cars work the same way. If the price of a car is simply lowered by the manufacturer — for instance by giving shoppers the equivalent of an employee discount, or if the customer negotiates a lower price with the dealer, the tax is computed on that price. But if the customer is given a coupon by the manufacturer that further lowers the price, the value of that coupon is subtracted after the tax is calculated.

    In other words, if the sticker price of a car is $30,000, and the carmaker cuts the price to $28,000, or if the buyer simply talks the dealer down to $28,000, the tax is based on $28,000. But if the dealer holds fast at $30,000, but the manufacturer supplies a $2,000 coupon so the price to the customer is again $28,000, the tax is computed on $30,000.

    For Maryland, with a 5 percent tax, and the District with a tax of 6, 7 or 8 percent, depending on the weight of the car, this difference means $100 or more in revenue gained or lost on a sale that looks to the buyer like the same price.

    I don’t think people really realize how all this discount stuff works, said Pat Pelino, a tax consultant with Vertex Inc. a tax consulting and software firm based in Berwyn, Pa. and specializing in state taxes.

    States want to protect their tax base, she said. They love to get you coming and going.

    But not all states tax rebates, said Jeffrey Pretsfelder, senior tax analyst with RIA Group, a tax research and publishing firm. Quite a number either categorically allow the rebates [before tax is figured] or allow them under certain circumstances, he said.

    Some don’t tax them if they are identified and stated separately on the sale documents, he said. Others don’t tax them if they are used as part of the down payment.

    Delaware, which has a tax of about 2.75 percent on car sales despite having no general sales tax, doesn’t tax rebates that are figured into the price at the time of the sales transaction. And if the rebate doesn’t show on the original transaction but is paid later by the manufacturer to the buyer, the state allows the buyer to fill out a form and claim a refund of tax paid on the rebate amount.

    And some analysts don’t think rebates are going away, no matter what carmakers say.

    VCU’s Hoffer said that over the years, manufacturers, seeking to mask price increases, have sharply reduced the difference between wholesale prices and suggested retail prices, leaving dealers less room to wheel and deal. Thus, when the carmakers want to move the metal, rebates remain the most effective way to do that.

    Lower list prices and cutting dealer margins forces the dealer into narrow band of prices, Hoffer said. It guarantees factories will have to come back with rebates.

    SALES TAX AND MANUFACTURER – S REBATES #antique #auto #insurance


    #auto rebates
    #

    By: Judith Lohman, Chief Analyst

    You asked for a comparison of how Connecticut and selected other states assess sales tax when a purchase involves use of a manufacturer ‘ s rebate.

    A survey of the tax department websites of seven surrounding states found that all but one have the same policy as Connecticut for assessing sales tax on purchases involving manufacturer ‘ s rebates. States that have policies like Connecticut ‘ s are: Maine, Maryland, New Jersey, New York, Pennsylvania, and Rhode Island. Only Massachusetts has a different policy for figuring taxes when the sale includes a manufacturer ‘ s rebate on the purchase of a motor vehicle.

    Connecticut and six of the states require retailers to collect sales tax on the full price when they sell any item of taxable property or services that includes a manufacturer ‘ s coupon or rebate, even if the customer receives the value of the rebate at the time of the sale. For example, when a manufacturer offers a cash rebate to purchasers of a particular car, the customer frequently assigns the rebate to the dealer to reduce his downpayment. But the dealer nevertheless receives the full price for the car. Thus, in Connecticut and six of the other states we surveyed, he must use that full price to figure the sales tax on the transaction.

    Only Massachusetts departs from this policy in that situation. Like all the states surveyed, Massachusetts requires vendors to collect sales tax on the full price of any taxable item for which the customer receives a manufacturer ‘ s rebate after the sale, such as through a mail-in rebate program. But when the customer receives the value of the manufacturer ‘ s rebate at the time of the sale, Massachusetts treats the rebate as a discount and excludes it from the taxable price.

    For example, a dealer sells a car for $18,000 to a customer who will receive a $2,000 rebate from the manufacturer. The customer assigns his right to the rebate to the dealer as part of his downpayment. In Connecticut and six of the other states, the state sales tax is assessed on the full $18,000 price of the car. But, in Massachusetts, the dealer could deduct the $2,000 rebate before figuring the sales tax. Under Connecticut ‘ s current policy the sales tax would be $1,080 (6% of $18,000). If the Massachusetts policy applied in Connecticut, the tax would be $960 (6% of $16,000).

    Tax Free Forces Cars – Military Car Sales, No. 1 for Forces Cars #auto #insurance #calculator


    #car sales uk
    #

    Welcome to Griffin Tax Free

    Europe s  No.1  Military   Diplomatic Car Sales Specialists

    Since 2002, Griffin has grown to become officially the largest  Military Diplomatic new car dealer in Europe. No other dealer offers more, both here in the UK or overseas.

    We currently sell just over 1,600 new tax free and tax paid forces cars every year. We supply British and Foreign Military, both here in the UK and overseas, as well as the Diplomatic Corps Worldwide. We work with the Defence Discount Service ensuring savings for all serving members of the British Armed Forces as well as Reservists, Veterans, and MOD Staff. We are able to supply members of the European Police Agency’s, EUROPOL, and INTERPOL, as well as serving Blue Light Card members with various manufacturers products. We also have the widest selection of manufacturers anywhere, meaning more choice and an unbiased approach to car sales.

    Our philosophy is simple, ‘ what we quote is what you pay! No gimmicks, No misleading adverts or prices, No hidden admin fees . and definitely No middlemen. You deal with us from initial enquiry right through to delivery.

    Plus, unlike some main franchised dealers who sell forces cars we re not restricted in our advice by the need to hit big manufacturer targets, so you ll get the best advice for you, not us. And, while some of our competitors lose manufacturer support, we actually have manufacturers approaching us to sell their products. We d say that was a pretty good endorsement of our professionalism and expertise within our industry. We also only advertise manufacturers we actually sell, unlike some of our competitors, meaning what you see advertised, is what you can actually buy. It also means if we don t sell it, it s probably not worth buying.

    We are the Official Military Diplomatic Specialist s for Skoda, SEAT, Audi, LOTUS, Mazda, Peugeot, Hyundai, KIA, Honda, Renault, Alfa Romeo, Fiat, Chrysler, Jeep, Citroen, Subaru, Toyota, Lexus, DS, Nissan, and Isuzu. We are also Europe’s largest Mercedes-Benz tax free Military specialists.

    We take great pride in being officially Ford’s largest tax free Military specialists, as well as supplying Volkswagen. Because of many long term special associations with manufacturers we are able to beat any other tax free dealer on price, as well as on service. We are also  BFG s largest independent dealer. officially selling more cars than any other dealer in BFG for 2012, 2013 2014*. Quite simply, no other Military Diplomatic car sales specialist brings you a wider selection, a better service, or a better deal!

    We have a simple and straight forward approach with no hard sell. We like to look after our customers, giving them the right advice on what is good to buy and what is not. Our customers in return look after us by coming back time and time again, as well as referring their friends and colleagues.

    On our uncomplicated site you will find special offers, finance specials, and outstanding exclusive guaranteed buybacks, as well as specific manufacturers pages with our favorite videos. We hope you enjoy your visit. If you have any suggestions or comments about our website you can leave your views on our feedback form at About Us .

    Private Party Vehicle Use Tax #murray #auto #parts


    #private car sales
    #

    Private Party Vehicle Use Tax

    Definition

    The tax is imposed on motor vehicles purchased (or acquired by gift or transfer) from another individual or private party. (Sales of motor vehicles from registered Illinois dealers are taxed under the Retailers Occupation Tax Act.)

    Tax Rate

    Use the Use Tax Rate Table in the Tax Rate Database to determine your tax liability.

    Form/Filing and Payment Requirements

    • Form RUT-50, Private Party Vehicle Use Tax Transaction Return

    Form RUT-50 is generally obtained when you license and title your vehicle at the local driver’s license facility or currency exchange. If you need to obtain the forms prior to registering the vehicle, send us an email request or call our 24-hour Forms Order Line at 1 800 356-6302. Include in your request your name and mailing address and the type of form you are requesting. Note that we cannot email or fax you the requested form. Instead, we will complete your request via the U.S. Postal Service. Do not make copies of the forms prior to completing. These forms have unique transaction numbers that should not be duplicated. Doing so could delay processing.

    The RUT-50 is due within 30 days of the date the item is purchased (or acquired by gift or transfer).

    NOTE: Form RUT-50 and any tax due is submitted to the Office of the Secretary of State when the purchaser applies for title to the motor vehicle.

    • STS-76 – Illinois Aircraft/Watercraft and Vehicle Tax Information Guide

    Municipal or County Private Party Vehicle Use Tax

    The Department also administers local private party vehicle use taxes for certain units of local government. See RUT-6, Form RUT-50 Reference Guide. to determine whether you must report and pay an additional amount for local private party vehicle use tax when you file Form RUT-50.

    Exemptions

    See the Private Vehicle Use Tax Chart for a list of exemptions and exceptions.

    Tax Free Forces Cars in BFG Germany – UK Forces Car Sales. Army, Navy, Royal Marines and RAF Car Sales #nissan #auto


    #car sales uk
    #

    Officially UK s Biggest Best Forces Dealer!

    Multiple award winners of  Business of the Year Professional Excellence  we are best placed to serve our Armed Forces and your families.

    EMC Forces Cars sell more cars to Military personnel than any other UK broker or dealer no matter what they claim!

    Customers who have visited our huge multi franchise main dealer premises will not be surprised by this. Join them and call us now!

    EMC Forces Cars has been specialising in Tax Free BFG Cars and Tax Paid car sales for Military personnel since 1996 to H.M. Forces including the Regular Army, Territorial Army, Royal Navy Marines, Royal Air Force and on the Personal Export Scheme. Whether stationed abroad or in the UK as part of the Military or attached to the British Forces United Kingdom (BFUK) or Foreign Visiting Forces you will qualify under the Military Sales Programme, saving you £1000’s. We specialise in supplying tax free tax paid forces cars direct to the British Forces United Kingdom (BFUK) and British Forces Germany (BFG) and also to personnel based in Cyprus, Italy, Holland, Belgium and the UK. We also supply Left Hand Drive Ford Left Hand Drive Vauxhall (OPEL).

    Tax on second-hand cars. #used #cars #dealerships


    #second hand car
    #

    Tax on second-hand cars

    Christian Pullicino wrote:

    I was reading with interest the article on The Times regarding the car registration tax ruling in Poland. I would like to enquire if pressure is being made on the Maltese authorities to review the tax system in Malta. In my opinion the government taxes heavily these products and should make a creative exercise to lower such a tax. On the other hand, I understand the revenue implications the government would face. However, investigating new sources of income, such as taxing vacant property, would level out the losses incurred.

    Claire Bonnici also asks:

    Can you tell me more on what is happening on the EU’s car tax ruling with regard to second-hand cars? Also, what position have the Maltese authorities taken on this issue?

    These are just two of several queries that I received on car registration tax on second-hand cars.

    Barely two weeks ago, the European Commission opened infringement proceedings against Malta because of the manner in which it imposes car registration tax on second-hand cars imported from the EU.

    It appears the Commission is claiming that Malta is in breach of EU law because the way it imposes tax on second-hand cars discriminates between second-hand cars imported from the EU and similar cars already registered in Malta.

    Note that the proceedings were started with respect to second-hand cars imported from the EU. We are therefore not talking about new cars and not about second-hand cars imported from outside the EU.

    The move tallies with at least two recent rulings by the European Court of Justice on this issue. It therefore came as no surprise and it was only a question of time until one of the many complaints that Maltese and other EU citizens have been filing in Brussels contesting car registration tax in Malta surfaced at the top of the Commission’s in-tray.

    More specifically, the Commission appears to be claiming that the discrimination lies in the charging of a minimum amount of tax on second-hand cars imported from the EU regardless of its real value. Charging a minimum amount of tax often means that no matter what the value of the car is, an established amount of tax would be payable. All the while, similar cars of roughly the same age and value already registered in Malta would have a residual tax incorporated in their value which is likely to be markedly lower than that slapped on a newly-imported second-hand vehicle. Hence the discrimination.

    According to reports, the Commission also appears to be contesting the manner in which the Maltese authorities value second-cars imported from the EU, in that this does not seem to be sufficiently transparent and does not give sufficient guarantees for consumers to object to valuations made by the authorities.

    The infringement proceedings involve three stages, the first of which was triggered with this first move on this issue by the Commission. The matter is not yet in court and one must now await the official reply of the Maltese authorities on the matter.

    Without pre-empting this reply, it stands to reason that once the European Court of Justice has already ruled on very similar cases, there is little chance that the prevailing Maltese situation can be justified under EU law. This means that an exercise must be undertaken to establish how the current regime can be reviewed to bring it in line with EU law.

    The question is how this shall be done and whether this exercise will necessarily lead to a reduction in tax on second-hand cars.

    On this score it must be clear that the EU can only intervene in these matters to the extent that the tax in question is applied in a discriminatory manner. It is not able to intervene simply to state that a tax is too high or too low. This must be clear. It is therefore up to the Maltese authorities to determine how this revision will be done and the ultimate rate of tax that they will apply – and they are free to do so provided they remove the inherent discrimination that exists.

    This means that the revised car registration tax or any other different tax that replaces it may not necessarily be lower. As the reader rightly points out, one has to appreciate that the Treasury nets a great deal of revenue from car registration tax – some Lm25 million a year, it appears – and it must therefore recover most of this revenue from somewhere. Having said that, it is also clear that the current tax levels on cars are inordinately high by any measure and if a way could be found of revising them downwards this would indeed be welcome.

    One way of eliminating the discrimination is by bringing down the tax on second-hand cars to the level of similar cars already registered in Malta. However, this is likely to imply a hefty loss of revenue and may therefore need to be accompanied with a corresponding rise in other taxes on second-hand cars, such as on the annual car licence fee.

    Moreover, any move on second-hand cars is tricky because it can trigger a greater shift in sales from new to second-hand cars. To prevent this, a review of the system applied on second-hand vehicles may need to be accompanied with a simultaneous review of the regime imposed on new cars as well.

    Either way, the current system will need to be reviewed. And given that the authorities may face claims for the reimbursement of taxes collected in breach of EU law, the revision is also urgent.

    Readers who would like to ask questions to be answered in this column can send an e-mail, identifying themselves, to [email protected] or through www.simonbusuttil.eu .

    WA State Licensing (DOL) Official Site: Tax exemptions – Vehicle and boat registration for military personnel #dependable #auto #shippers


    #military auto sales
    #

    Tax exemptions for military personnel

    Several types of tax exemptions may be available for:

    Nonresidents stationed in Washington

    Excise tax and RTA tax

    You may not have to pay vehicle excise tax or RTA tax when you license your vehicle in Washington if you re:

    • An active-duty member of the United States Armed Forces.
    • A U.S. Public Health Officer.
    • National Oceanographic and Atmospheric Agency personnel.
    • Coast Guard personnel living in Washington but assigned to duty in the Portland, Oregon area.

    To qualify for these tax exemptions when you license your vehicle in Washington, you must:

    1. Certify your home of record is in a state or country other than Washington.
    2. Be the registered owner or co-registered owner of the vehicle or boat for which the excise tax exemption is sought.
    3. Complete an Non-Resident Military Affidavit for Exemption of Excise Tax. This form must be notarized or certified.
    4. Present a Leave and Earnings Statement (LES) showing your home of record.

    Sales and use tax

    If you ll be in Washington for less than 90 days. you may be exempt from paying sales or use tax when you buy a car in Washington. To qualify, you must have a copy of your orders showing:

    • You re temporarily stationed in Washington and will leave within 90 days of the date of purchase. or
    • You re permanently reassigned to a new duty station outside Washington, and will leave within 90 days of the date of purchase.

    Exemptions for spouses

    The spouse of a military member may be exempt from paying RTA tax if:

    • The military member is the owner or co-owner of the vehicle.
    • The military member is on active duty.
    • The spouse has a military ID card.

    Washington residents stationed outside the state

    Sales or use tax

    If you purchase a vehicle while you re stationed out of state and license it in Washington, you may not have to pay Washington State sales tax if:

    • You re a resident of Washington serving outside the state as:
      • An active-duty member of the United States Armed Forces.
      • A U.S. Public Health Officer.
      • National Oceanographic and Atmospheric Agency personnel.
    • You re on active duty over 6 months.
    • You got the vehicle at least 90 days before discharge.
    • The vehicle was purchased and delivered outside of Washington.

    You can t get this exemption if you:

    • Are on active duty for training purposes for less than 6 months.
    • Bought the vehicle less than 30 days before being discharged or released from active duty.

    Related laws and rules

    Explanation of abbreviations

    • RCW. Revised Code of Washington (Washington State laws)
    • WAC. Washington Administrative Code (Washington State agency regulations)

    Tax – Tags Calculator for New – Used Cars #prestige #auto


    #auto loan calculator free
    #

    Tax and Tags Calculator

    Find Your State’s Vehicle Tax Tag Fees

    When purchasing a vehicle, the tax and tag fees are calculated based on a number of factors, including:

    • The county the vehicle is registered in.
    • The vehicle weight.
    • The type of license plates requested.
    • Whether or not you have a trade-in.
    • The state in which you live.
    • New car sales tax OR used car sales tax.

    Calculating Sales Tax Summary:

    Auto sales tax and the cost of a new car tag are major factors in any tax, title, and license calculator. Some states provide official vehicle registration fee calculators, while others provide lists of their tax, tag, and title fees. Find your state below to determine the total cost of your new car, including the car tax.

    NOTE : Not ALL STATES offer a tax and tags calculator. (See below for states that do and don’t offer these services.)

    In addition, CarMax offers a free tax and tag calculator for some states only. This calculator can help you estimate the taxes required when purchasing a new or used vehicle.

    Anytime you are shopping around for a new vehicle and are beginning to make a budget, it’s important to factor in state taxes, titling and registration fees, vehicle inspection/smog test costs, and car insurance into your total cost. After calculating sales tax (depending on the new car sales tax rate), you may find your total fess have increased significantly.

    A major part of the final cost of a new vehicle purchase can be the taxes you’ll need to pay and the registration/titling fees you’ll owe to your state’s Department of Motor Vehicles (DMV), Motor Vehicle Division (MVD), Motor Vehicle Administration (MVA), Department of Revenue (DOR), Secretary of State (SOS), or local county clerk’s office.

    States with Online Tax Tag Calculators

    The following states offer FREE calculators to help you determine sales and/or registration taxes:

    To use the calculators above including the car payments calculator NJ, you’ll usually need to enter some basic information about the vehicle you plan to purchase. The information you may need to enter into the tax and tag calculators may include:

    • The vehicle identification number (VIN).
    • The make, model, and year of your vehicle.
    • The date that you purchased (or plan to purchase) the vehicle.
    • The date the vehicle entered (or will enter) the state you plan to register it in.
    • The type of license plates/registration you need for the vehicle.

    If you experience any issues with any of the free tax and tag calculators above, please contact your state’s DMV. MVD, MVA, DOR, SOS, or county clerk’s office directly.

    States with Tax Tag Charts Only

    The following states provide TAX CHARTS INFORMATION (no calculators) to help you determine sales and/or registration taxes:

    Generally, these lists/charts will be organized and broken down by:

    • Vehicle model years and weight classes.
    • Sales tax percentages.
    • Vehicle types and classification.
    • Titling procedures.
    • Duration of the registration.

    If you need help interpreting your state’s chart or have questions about which category your vehicle will fall under, please contact your state’s DMV. MVD, MVA, DOR, SOS, or county clerk’s office directly.

    Other Costs to Consider When Purchasing a Vehicle

    In addition to your state’s sales, use and property taxes, and any DMV, MVD, MVA, DOR, SOS, or county clerk titling and registration fees, you’ll need to consider the cost and fees for the following aspects of a vehicle purchase:

    • Ordering a VIN check or vehicle history report.
    • Getting a vehicle inspection, smog check, or emissions test.
    • Buying car insurance.
    • Performing any maintenance or upgrades.

    For more information about some of those topics, please visit our pages on:

    Tax Free Forces Cars – Military Car Sales, No. 1 for Forces Cars #auto #ins


    #car sales uk
    #

    Welcome to Griffin Tax Free

    Europe s  No.1  Military   Diplomatic Car Sales Specialists

    Since 2002, Griffin has grown to become officially the largest  Military Diplomatic new car dealer in Europe. No other dealer offers more, both here in the UK or overseas.

    We currently sell just over 1,600 new tax free and tax paid forces cars every year. We supply British and Foreign Military, both here in the UK and overseas, as well as the Diplomatic Corps Worldwide. We work with the Defence Discount Service ensuring savings for all serving members of the British Armed Forces as well as Reservists, Veterans, and MOD Staff. We are able to supply members of the European Police Agency’s, EUROPOL, and INTERPOL, as well as serving Blue Light Card members with various manufacturers products. We also have the widest selection of manufacturers anywhere, meaning more choice and an unbiased approach to car sales.

    Our philosophy is simple, ‘ what we quote is what you pay! No gimmicks, No misleading adverts or prices, No hidden admin fees . and definitely No middlemen. You deal with us from initial enquiry right through to delivery.

    Plus, unlike some main franchised dealers who sell forces cars we re not restricted in our advice by the need to hit big manufacturer targets, so you ll get the best advice for you, not us. And, while some of our competitors lose manufacturer support, we actually have manufacturers approaching us to sell their products. We d say that was a pretty good endorsement of our professionalism and expertise within our industry. We also only advertise manufacturers we actually sell, unlike some of our competitors, meaning what you see advertised, is what you can actually buy. It also means if we don t sell it, it s probably not worth buying.

    We are the Official Military Diplomatic Specialist s for Skoda, SEAT, Audi, LOTUS, Mazda, Peugeot, Hyundai, KIA, Honda, Renault, Alfa Romeo, Fiat, Chrysler, Jeep, Citroen, Subaru, Toyota, Lexus, DS, Nissan, and Isuzu. We are also Europe’s largest Mercedes-Benz tax free Military specialists.

    We take great pride in being officially Ford’s largest tax free Military specialists, as well as supplying Volkswagen. Because of many long term special associations with manufacturers we are able to beat any other tax free dealer on price, as well as on service. We are also  BFG s largest independent dealer. officially selling more cars than any other dealer in BFG for 2012, 2013 2014*. Quite simply, no other Military Diplomatic car sales specialist brings you a wider selection, a better service, or a better deal!

    We have a simple and straight forward approach with no hard sell. We like to look after our customers, giving them the right advice on what is good to buy and what is not. Our customers in return look after us by coming back time and time again, as well as referring their friends and colleagues.

    On our uncomplicated site you will find special offers, finance specials, and outstanding exclusive guaranteed buybacks, as well as specific manufacturers pages with our favorite videos. We hope you enjoy your visit. If you have any suggestions or comments about our website you can leave your views on our feedback form at About Us .

    Private Party Vehicle Use Tax #used #autos


    #private car sales
    #

    Private Party Vehicle Use Tax

    Definition

    The tax is imposed on motor vehicles purchased (or acquired by gift or transfer) from another individual or private party. (Sales of motor vehicles from registered Illinois dealers are taxed under the Retailers Occupation Tax Act.)

    Tax Rate

    Use the Use Tax Rate Table in the Tax Rate Database to determine your tax liability.

    Form/Filing and Payment Requirements

    • Form RUT-50, Private Party Vehicle Use Tax Transaction Return

    Form RUT-50 is generally obtained when you license and title your vehicle at the local driver’s license facility or currency exchange. If you need to obtain the forms prior to registering the vehicle, send us an email request or call our 24-hour Forms Order Line at 1 800 356-6302. Include in your request your name and mailing address and the type of form you are requesting. Note that we cannot email or fax you the requested form. Instead, we will complete your request via the U.S. Postal Service. Do not make copies of the forms prior to completing. These forms have unique transaction numbers that should not be duplicated. Doing so could delay processing.

    The RUT-50 is due within 30 days of the date the item is purchased (or acquired by gift or transfer).

    NOTE: Form RUT-50 and any tax due is submitted to the Office of the Secretary of State when the purchaser applies for title to the motor vehicle.

    • STS-76 – Illinois Aircraft/Watercraft and Vehicle Tax Information Guide

    Municipal or County Private Party Vehicle Use Tax

    The Department also administers local private party vehicle use taxes for certain units of local government. See RUT-6, Form RUT-50 Reference Guide. to determine whether you must report and pay an additional amount for local private party vehicle use tax when you file Form RUT-50.

    Exemptions

    See the Private Vehicle Use Tax Chart for a list of exemptions and exceptions.