You are currently browsing the IRS Tax Talk weblog archives for July, 2011.
26. July 2011 by admin.
IRC § 61 states all income from whatever source derived is taxable, unless specifically excluded by another Code section.
IRC stands for Internal Revenue Code. If you ever tried to read it, you’ll know why they call it code! § is the symbol for Code section.
Posted in International Taxation, Retirement Accounts, Sub S Corporations, LLC's, Income Tax, General | 1 Comment »
25. July 2011 by admin.
Tennessee and New Hampshire tax only dividend & interest income.
Posted in Retirement Accounts, International Taxation, Income Tax, General | 1 Comment »
1. July 2011 by admin.
|
Purpose |
Rates 1/1 through 6/30/11 |
Rates 7/1 through 12/31/11 |
|
Business |
51 |
55.5 |
|
Medical/Moving |
19 |
23.5 |
|
Charitable |
14 |
14 |
Posted in International Taxation, Sub S Corporations, LLC's, Income Tax, General | 1 Comment »