enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. The Augusta Rule: How to earn tax-free rental income - AOL

    www.aol.com/finance/augusta-rule-earn-tax-free...

    The Augusta Rule is an IRS provision that allows homeowners to rent their home for up to 14 days each year without having to report the rental income received on their individual tax returns. The ...

  3. Rich Americans are using the Augusta Rule to generate tax ...

    www.aol.com/finance/rich-americans-using-augusta...

    The Augusta Rule refers to Internal Revenue Code Section 280(A), which allows owners to rent out their property for 14 days or less in a year without reporting the income they earn. Since the ...

  4. Sales taxes in the United States - Wikipedia

    en.wikipedia.org/wiki/Sales_taxes_in_the_United...

    (Non-prepared food, including bottled water and pet food, is not subject to the sales tax; however, soda and sports drinks are subject to the sales tax.) A 10% tax is imposed on liquor sold for off premises consumption, 10% on restaurant meals (including carry-out) and rental cars, 18% on parking, and 14.5% on hotel accommodations.

  5. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Tax rates vary widely by jurisdiction from less than 1% to over 10%. Sales tax is collected by the seller at the time of sale. Use tax is self assessed by a buyer who has not paid sales tax on a taxable purchase. Unlike value added tax, sales tax is imposed only once, at the retail level, on any particular goods. Nearly all jurisdictions ...

  6. Tax accounting in the United States - Wikipedia

    en.wikipedia.org/wiki/Tax_accounting_in_the...

    The Internal Revenue Code governs the application of tax accounting. Section 446 sets the basic rules for tax accounting. Tax accounting under section 446(a) emphasizes consistency for a tax accounting method with references to the applied financial accounting to determine the proper method. The taxpayer must choose a tax accounting method ...

  7. ‘A victory for common-sense’: The IRS has stalled a new tax ...

    www.aol.com/finance/victory-common-sense-irs...

    For the second year in a row, Uncle Sam delayed a new tax rule that will lower the income threshold for Form 1099-K, which is used to report third-party business payments to the IRS. Don’t miss

  8. Transaction privilege tax - Wikipedia

    en.wikipedia.org/wiki/Transaction_privilege_tax

    Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee. The seller/lessor may pass ...

  9. Doctrine of cash equivalence - Wikipedia

    en.wikipedia.org/wiki/Doctrine_of_Cash_Equivalence

    The Doctrine of Cash Equivalence states that the U.S. Federal income tax law treats certain non-cash payment transactions like cash payment transactions for federal income tax purposes. [1] The doctrine is used most often for deciding when cash method (as opposed to accrual method ) taxpayers are to include certain non-cash income items.