Find Legal Information

A gift tax can be imposed on a transaction involving some kind of gratuity being given to a recipient, as can come in such various forms as physical items, financial products, or other kinds of assets given as a gift, as may be either tangible or intangible. As such, the person who is giving the gift will most often be faced with the particular gift taxes in effect for a jurisd..

What is Tax Software?Tax software refers to computerized programs that streamline an individual’s (or businesses’) tax return. If you are filing your taxes without the aid of a professional service, obtaining tax software can save yourself considerable amounts of time.Tax software refers to programs that prepare an individual’s tax return. Tax software isinstruments and r..

Tips to Reduce Your Inheritance Tax:Marital Transfer: Arguably the most widely-used means to reduce your inheritance tax, all lifetime gifts at the time of death to your spouse will not be subject to estate taxes. The Internal Revenue Service permits your spouse to transfer an unlimited amount of assets to you as a tax-free gift. That being said, the government has capped the m..

There are a number of taxes applicable to the state of Idaho, which includes a state sales tax, income tax, and other taxes.Idaho state sales taxThe state income tax is 6%, while some localities in Idaho may add on additional local taxes. Idaho personal income taxIdaho uses a graduated tax system, where income for individuals are as follows:Between $0 and $1,237,   &n..

There are a number of taxes applicable to the state of Illinois, which includes a state sales tax, income tax, and other taxes.Illinois state sales taxThe state sales tax is different depending on the locality where the sale takes place.  There is a 5% state sales tax, with a minimum 1% city and .25% county sales tax. Some cities and counties impose higher taxes that can r..

There are a number of taxes applicable to the state of Indiana, which includes one of the highest sales tax rates in the nation.Indiana state sales tax – 7%, food and drugs exempt.  Increased to compensate for capping property taxes.Indiana personal income tax  3.4% of federal adjusted gross income, flat tax Tax returns are due on April 15 There are 92 counties in I..

An internal audit job analyzes business practices to ensure that practices, processes, and procedures are being met to full capacity. Internal audit work strives to highlight any issues and offers suggestions to the head of management to better these issues. Internal audit work measures compliance with the businesses policies and procedures.To perform the job effectively, an in..

Applying for a IRS ExtensionAny taxpayers who may need additional time to file the IRS federal income tax returns can file Form 4868 which is a request for an automatic IRS extension. This can be done through the IRS Free File system. Using Form 4868 will give an IRS extension for the tax return that lasts for an additional six months or until October 15 to completely file the ..

What is an IRS Levy?An IRS levy is a legal seizure by the Internal Revenue Service of a taxpayer’s property to fulfill a tax debt. An IRS levy is different from a lien. A lien, unlike an IRS levy is a claim that is used as a security measure for the debt, while an IRS levy actually takes over the property in order to satisfy a tax debt.If a tax payer does not pay his or her t..

What is an IRS Tax Levy?An IRS tax levy is a legal seizure by the Internal Revenue Service of a taxpayer’s property to fulfill a tax debt. An IRS tax levy is different from a lien. A lien, unlike an IRS tax levy is a claim that is used as a security measure for the debt, while an IRS tax levy actually takes over the property in order to satisfy a tax debt.If a tax payer does ..

What is an ITIN?An ITIN, or an Individual Taxpayer Identification Number, is a number used for tax processing that is issued by the Internal Revenue Service. The number is a nine-digit combination that will always begin with the number 9 and can range between 70-88 for the fourth and fifth number. As of April 12, 2011, the range of these two numbers was further extended to incl..

Kansas State TaxThere are a number of taxes applicable to the state of Kansas, which includes sales tax and three income brackets for personal income taxation.  Kansas state taxation is slightly below the national average and taxpayers pay roughly $3,911 in taxes per capita.Kansas state sales tax – 6.3%, food and drugs exempt. Kansas state personal income tax -..

There are a number of taxes applicable to the state of Kentucky, which includes sales tax and six income brackets for personal income taxation.  Tax returns are due on April 15.Kentucky state sales tax – 6%, (food, prescription drugs, utilities and medical supplies exempt)Kentucky state personal income tax  Six income brackets for single filings 2% - first $3,000 of..

The Lee County tax collector office is empowered to act in fulfilling the duties included under this rubric for the purposes of this county in the state of Florida. To this end, the Lee County Tax Collector position has been in effect since 1885. The legislative foundation, as such, for the functioning of the Lee County Tax Collector derives from the source of the Florida ..

There are a number of taxes applicable to the state of Louisiana, which includes sales tax and three income brackets for personal income taxation.  Tax returns are due on April 15.Louisiana state sales tax – 4%, (3.97% to the state and .03% for tourism promotion)Louisiana state personal income tax Three income brackets for single filings 2% - first $12,500 of taxabl..