Registration Tax in Utah: Everything You Need to Know

How much is registration tax in Utah? Utah collects a 6.85% state sales tax rate on the purchase of all vehicles. Some dealerships may also charge a dealer documentation fee of 149 dollars. In addition to taxes, car purchases in Utah may be subject to other fees like registration, title, and plate fees. Read more … Read more

Is Schedule M-2 Required on Form 1120S?

Is Schedule m2 required on form 1120s? For S-Corps IRS Form 1120-S Schedule M-2 Accumulated Adjustment Account (AAA) does not necessarily need to match IRS Form 1120-S Schedule L mostly because Schedule M-2 is not a reconciliation of equity. Read more on www.johnrdundon.com S firms use Form 1120S, a tax return form, to disclose their … Read more

Understanding Property Tax in Texas

What is property tax in Texas? 1.80% How Much Are Taxes In Texas? Property taxes in Texas are calculated based on the county you live in. The average property tax rate in Texas is 1.80%. This is currently the seventh-highest rate in the United States. Read more on taxease.com A type of tax known as … Read more

Which US City Has No Sales Tax?

Which US city has no sales tax? Highest and Lowest Sales Taxes in Major Cities. Portland, Oregon, and Anchorage, Alaska have neither a state nor a local sales tax. Honolulu, Hawaii has the third lowest sales tax among major cities with a rate of 4.5 percent. Read more on taxfoundation.org A consumption tax known as … Read more

Do People Over 100 Pay Taxes in New Mexico?

Do people over 100 pay taxes in New Mexico? Persons over 100 years old are exempt from New Mexico state income tax. Read more on www.findlaw.com Many people enquire as to whether residents of New Mexico who are above 100 are subject to taxation. Yes, if they have taxable income, those over 100 years old … Read more

Imputation Tax System: How It Works

How does imputation tax system work? Under an imputation tax system, credit is given to shareholders for the company tax implicitly levied on their dividend receipts, i.e. dividends are paid after company tax has been levied which implies that the dividends have been taxed at the company level. Read more on www.accc.gov.au A tax mechanism … Read more

Filing a FR 500 in Washington DC – Everything You Need to Know

How do I file a FR 500? Taxpayers who wish to register a new business in the District of Columbia can conveniently complete the “”Register a New Business: Form FR-500″” application online via the Office of Tax and Revenue’s (OTR) tax portal, MyTax.DC.gov. Read more on mytaxdc.wordpress.com A FR 500 tax registration form must be … Read more

Understanding Massachusetts Sales Tax: What You Need To Know

What is Massachusetts sales tax? The Massachusetts sales tax is 6.25% of the sales price or rental charge on tangible personal property, including certain telecommunication services sold or rented in Massachusetts. Sales tax is generally collected by the seller. Read more on www.mass.gov The Massachusetts state sales tax is an important consideration when making purchases … Read more