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Taxes and Tax Preparation

Levies imposed by the government on individuals or organizations such as income taxes, sales taxes, property taxes, and capital gains taxes

16,048 Questions

What does Electronic Federal Tax payment System is?

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Asked by Wiki User

EFTPS Online Tax Payment

The Electronic Federal Tax Payment System® (EFTPS) is a secure, free service provided by the U.S. Department of the Treasury, allowing businesses to pay federal taxes, including HVUT via Form 2290. Available 24/7, EFTPS enables advanced scheduling of payments, up to 120 days for businesses and 365 days for individuals. Using EFTPS with eForm2290 ensures secure, timely payments with robust protection for your financial information.

For more details, visit EFTPS Payment Instructions for eForm2290

What is the biggest tax refund ever?

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Asked by Wiki User

Any refund over 2 million dollars must be approved by the joint committee of taxation of the congress.

There are thousands of those alone each year.

The amount of the largest refund will never be known as ll IRS info regarding a taxpayer is strictly confidential. Certainly many refunds of 100s of millions have been made over the years (most likely all to corporations who may also pay many times that on any given year).

How will the carbon tax affect us?

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Asked by Wiki User

A carbon tax aims to reduce emissions by making companies pay for the carbon they release into the atmosphere. This can lead to higher costs for businesses that heavily rely on fossil fuels, potentially increasing prices for consumers. However, it can also drive investment in cleaner technologies and encourage companies to find ways to reduce their emissions.

Do you have a Citi Trends clothing store in taxes?

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Asked by Wiki User

Citi Trends sells clothing, accessories and homewares at affordable prices. Find trendy clothing on [babareplica].

What countries have a carbon tax?

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Asked by Wiki User

Some countries that have implemented a carbon tax include Sweden, Finland, Norway, Denmark, France, and Canada. These taxes are aimed at reducing greenhouse gas emissions by placing a price on carbon dioxide emissions.

What is a exempt human specimen?

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Asked by Wiki User

An exempt human specimen refers to a sample taken from a human participant in a research study that is exempt from certain regulations because it does not contain any identifiable information. This exemption is typically granted to protect the privacy and confidentiality of research participants while still allowing for valuable data collection.

What biopsy may be performed to excise a disc of tissue?

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Asked by Wiki User

A punch biopsy may be performed to excise a disc of tissue. It involves using a circular blade to remove a small, cylindrical core of tissue for examination under a microscope. This procedure is commonly used to diagnose skin lesions or abnormalities.

The gas company charges 0.26645 for each hundred cubic feet Ccf of gas If Jerome used 163 Ccf and is charged a 7 percent sales tax how much will he owe the gas company?

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Asked by Wiki User

Jerome used 163 Ccf of gas, so the cost before tax would be $0.26645 * 163 = $42.03. With a 7% sales tax, he would owe $42.03 * 1.07 = $44.98 to the gas company.

How much Valerie will pay for the electricity she used if the rate is 0.12 per kilowatt hour plus a 68 franchise fee and 91 sales tax?

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Asked by Wiki User

Valerie will pay $0.12 per kilowatt-hour for the electricity she used, plus a $68 franchise fee, and a 9% sales tax on her total bill which includes the electricity cost and franchise fee. The exact amount she will pay will depend on her electricity usage in kilowatt-hours.

How do you separate iron filings from lead filings?

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Asked by Wiki User

You can use a magnet to separate iron filings from lead filings. Since iron is magnetic, the iron filings will be attracted to the magnet while the lead filings will not be affected. Simply pass the magnet over the mixture to separate the two types of filings.

How many kilos in 50 pounds?

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Asked by Wiki User

There are approximately 22.68 kilograms in 50 pounds.

What is the purpose of the 16th amendment?

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Asked by Wiki User

The 16th Amendment to the United States Constitution, ratified in 1913, allows Congress to levy an income tax without apportioning it among the states based on population. This amendment established the modern income tax system in the United States, providing the federal government with a direct way to collect revenue based on individuals' income levels.

Find federal withholding table?

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Asked by Wiki User

You can find the federal withholding tax tables on the website of the Internal Revenue Service (IRS). These tables provide the amount to withhold from an employee's paycheck based on their filing status, income, and number of allowances claimed.

What tax laws affect a man giving his grandson a car?

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Asked by Wiki User

The man may need to consider gift tax implications when giving his grandson a car. The current annual gift tax exclusion allows gifts up to a certain amount to be given tax-free. Additionally, if the value of the car exceeds the annual exclusion amount, it may impact the man's lifetime gift tax exemption or potentially trigger gift tax liability. Consulting with a tax professional or financial advisor can provide specific guidance based on individual circumstances.

What sort of road tax do i use for my road sweeper?

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Asked by Wiki User

You would need to check with your local government authority or department of motor vehicles to determine the appropriate road tax for your road sweeper. The tax may vary depending on the weight, type, and use of the vehicle.

What are the pros and cons of a flat tax system?

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Asked by Wiki User

Pros of a flat tax system include simplicity and fairness, as everyone pays the same percentage of their income. This can also encourage economic growth by reducing tax complexity. However, a flat tax system may be seen as regressive, as it can disproportionately impact low-income earners compared to high-income earners.

Do you get a tax deduction if you buy carbon offsets?

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Asked by Wiki User

In some countries, purchasing carbon offsets may be eligible for a tax deduction, but it depends on the specific tax laws and regulations in your region. It's advisable to consult with a tax professional or accountant to understand the tax implications of purchasing carbon offsets in your jurisdiction.

Which is the best Tax Accountant near Toronto area?

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Asked by Aura Finance

Personal Tax Accountants near Toronto area

Welcome to Aura Finance, your premier destination for top-tier tax accountants in the Ontario area. Our seasoned professionals are dedicated to navigating the complexities of taxation with unparalleled precision and expertise.

At Aura Finance, we recognize the diverse financial landscapes our clients traverse, and our adept tax accountants in Toronto are poised to deliver tailored solutions for optimal results.

With a wealth of experience, we guarantee accuracy, compliance, and personalized attention to cater to your individual needs. Our committed team is here to guide both individuals and businesses through the intricate world of taxation, ensuring seamless navigation and maximum benefits.

In addition to our exceptional tax accounting services, we also offer comprehensive bookkeeping services in Toronto. Our meticulous approach and attention to detail ensure that your financial records are maintained with precision and clarity, enabling you to make informed decisions with confidence.

Choose Aura Finance for unparalleled expertise and excellence in tax accounting and bookkeeping services. Let our dedicated team empower you to confidently navigate the realm of taxation and achieve your financial goals.

Did all Jews belive that roman taxes were a good idea?

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Asked by Wiki User

No, not all Jews believed that Roman taxes were a good idea. Many Jews resented the heavy taxation imposed by the Romans as it was a reminder of their subjugation and oppression. Some Jews also believed that paying taxes to a foreign, pagan authority was a violation of their religious beliefs.

Why did the French aristocracy object the higher taxes?

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Asked by Wiki User

They had never paid direct taxes in the past.

Why do you think Louis Xvi chose to raise taxes on the nobility?

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Asked by Wiki User

Louis XVI raised taxes on the nobility due to the financial strain of supporting the American Revolution and years of high government spending. The nobility were traditionally exempt from taxes, but the financial crisis forced the king to seek additional revenue from them.

Why did the Quakers refuse to pay taxes?

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Asked by Wiki User

Quakers refused to pay taxes because they believed in nonviolence, and they felt that taxes were often used to fund wars and other violent actions. They viewed paying taxes as being complicit in violence and against their religious beliefs.

Why is the justification of the progressive taxation method?

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Asked by Wiki User

Progressive taxation is justified based on the principle of ability to pay, where those with higher incomes are expected to contribute a larger percentage of their income in taxes to support government services and social welfare programs. This approach is seen as promoting greater income equality and fairness in the distribution of tax burdens. Additionally, it helps to raise revenue needed for public services while reducing income disparities.