The article looks at corporate taxation in Canada as of 2014, focusing on tax policies pertaining to Canada-based multinational companies. It cites profitable Canada-based firms that paid little in corporate income taxes over several years including uranium producer Cameco, Canadian Pacific railroad, ...
I've been studying up on tax laws since 1999. You might not be able to pay no taxes. However, this post should help you pay less taxes. For most of us, taxes are our largest ongoing liability. Therefore, it behooves us to get as smart as possible about taxes. Ever since I was 2...
When a loan is secured by property, such as a mortgage where the home and land stand as collateral, and the lender takes the property as full or partial settlement of the debt, it is considered a sale for tax purposes, not a forgiven debt. In that case, you may need to report...
You can use IRS Direct Pay to pay taxes due on your annual return,tax extensionpayments,estimated quarterly payments, and more. And there is no fee to use the service. Another big benefit of Direct Pay is that your bank account information is not stored – rather, it is only used to pr...
If you do not have a payroll service, as an employer, you are responsible with filing and paying all of the taxes associated with having employees. Here's what you need to do.
We'll make it easy for you to figure out if you have to pay estimated taxes and if so, how much.
The Internal Revenue Service offers a free service that accepts regular payroll tax deposits electronically or by phone. The Electronic Federal Tax Payment System also allows businesses to schedule payments in advance. Once enrolled in EFTPS, businesses
Filing for an extension does not give you extra time to pay your taxes. You’ll still need to pay the estimated amount owing before the deadline. Otherwise, you could be liable for penalties and interest. To file for a tax extension, use the form that corresponds with your business type...
Once you know the total you’ll owe in federal taxes, the next step is figuring out how much you need to have withheld per pay period to reach—but not exceed—that target by Dec. 31. Divide the total by the number of pay periods you expect to have. This will depend on whether you...
You must pay this tax if your net earnings from self-employment exceed $400 in a year, or if you earn $108.28 or more from atax-exemptchurch. If your earnings from self-employment fall below these thresholds, you're not required to pay self-employment tax.1 ...