The IRS has issued regulations regarding the collection of the new excise tax on tanning salons effective July 1, 2010. This particular tax will be collected at the time the purchaser pays for the tanning services, which the provider, in turn, will transmit to the government along with IRS Form 720, Quarterly Federal Excise Tax [...]

A hedge fund is an unregulated aggressively managed private fund using advanced strategies offering higher returns on investments at usually higher risks than normal. Unlike mutual funds, a hedge fund requires a large amount of investment, usually by pooling together sophisticated investors with a taste for higher returns against higher risks.
In most countries, hedge funds [...]

After the hassle and bustle of preparing and filing your tax return, is the eagerly awaited time of year when you are due to get your refunds. Everyone is happy about getting their refunds, be it a large or small amount, because it means extra money for expenses, or for that special item you’ve been [...]

Securing the future of children is every well-meaning parents dream. New York’s 529 plans offer a flexible, salary-deductible ways of starting a college fund for your children that can be availed by even non-residents. A 529 college savings program is a tax-advantaged savings plan that enables you to invest for college free of federal [...]

Hundreds of scams are going on right now, right at this very moment that you are reading this. Favorite among these scams is the impersonation of the IRS; the favorite victim, YOU – the ordinary citizen. Most of these scams occur right after the filing season, but it does occur before and during, in short, [...]

The City of New York taxes business income at both the state and city level. If a business is located in New York City, then an additional city tax is figured on the appropriate city forms. The city tax is different from the state tax and is not dependent on each other.
The two most common [...]

The Internal Revenue service is offering small non-profit organizations and charities on the verge of losing their tax-exempt status a one-time special filing relief to preserve their status until October 15. These organizations failed to file their returns for tax years 2007, 2008 and 2009 and are posted on a special page of IRS.gov with [...]