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How to get your tax return ready for tax season

The first step is to get an official copy of your taxes, because when you file them, your federal income tax bill is due.Your state tax bill, meanwhile, will take some time to arrive.So what do you do?Get your tax preparer to help.If you don't, you can't get your return prepared.There are a couple of options.First, you could take a

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Tax Basics: Indirect Taxes

Indirect taxes are taxes paid directly by a business or individual that is not taxable by income, profits or losses.Indirect tax revenue varies widely depending on the type of business or person, and the number of customers, customers, suppliers, employees and suppliers in the business.Independently managed companies, companies that are controlled by a corporation, partnerships and limited partnerships can usually

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Co-op tax: Who pays and how much?

In the United States, the corporate tax is 35% on profits over $100 million, but it's generally levied on profits below $10 million.In many other countries, it's lower, but in most cases the top rate is at 39.6%.For example, in Ireland, the rate is 35%, but for businesses that don't make any profits above $20 million they can deduct their

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The Billionaires Who Make Your Tax Return

2,200 people are vying to be the next president of the United States.Many have given speeches.Some have filed their tax returns.But what happens when the billionaire who just took the oath of office does not file his? The Billionaires who Make Your Return This is the story of one of them: Donald J. Trump.When he entered the race last year, the

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How to measure tax avoidance in Cyprus

As part of a new research project, researchers from the University of Cypriot College of Social Sciences, the University College Dublin, and the Institute for Economic Research, the Nicosia University of Technology and the National Center for Macroeconomics, examined tax avoidance by the country's tax authorities and discovered a lot of tax avoidance.According to the study, the government has failed

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How to Avoid Double Taxation of Income in Philippines

As I am writing this article, Philippines is experiencing a triple taxation phenomenon, with both corporate tax and personal tax levies increasing to 25 percent.While the tax is not a problem for all, many Filipinos are taking it as a sign of hope that the country is on the right track to achieving a more progressive tax system.Here are the

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Which states will get a tax refund?

New Jersey's Gov.Chris Christie (R) says he is going to make a $1.9 billion tax refund to the state in 2018.Christie announced Tuesday that he's making the tax payment to help New Jersey address a $6 billion budget shortfall.Christie said the refund will be distributed to the roughly 15 million people who are eligible for a tax break.Christie will make

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