Tax Refund Calculator
Recently, the National Tax Administration announced increase of the textile, clothing export Tax refundrate is from 11 percent to 13 percent; the export Tax refundrate of some of the bamboo products will be to 11 percent, the new tax refundrate will be implement .
In accordance with the export tax refundpolicy, non-tax-rebate part will be directly included in the cost of production. Theoretically speaking, the profit increasing rate will be up with the increasing rate of the export Tax Refund. Based on 2007 data, the export Tax refundrate increased 2 %, in 2008 textile and apparel industry-wide increase in pre-tax profit of 19.2 billion yuan.
Himfr.com, the leading third generation of online business-to-business (B2B) platforms, consider that the real situation of enterprises are not so optimistic, view from the historical experience of the past few years, the changes of the export Tax refundrate is not entirely born by the exporters. At the circumstances of increasing export Tax refundrate, foreign investors will inevitably reduce product pricing. We estimate that the 50% changes in the Tax refundrate can pass on price adjustments. The export Tax refundrate increased 2%, the pre-tax profits of textile can relatively increased 10.8 %.
Chinese chemical fiber enterprises are big but relatively weak; they can not easily climbed out of a slump. In 2008, China’s chemical fiber industry overall capacity reached 25.72 million tons, the output reached 23.9 million tons, production capacity and output has exceeded more than 50 % of the world. Since the second half of 2007, chemical fiber industry -china.com/manufacturer- sales and marketing margins fell significantly. After Guangzhou Trade Fair 2008, the textile industry saw a decrease in order.
The statistics of Chemical fiber industry sales in June this year show that sales revenue growth rate dropped 2.6 percent compare to the same period last year, reaching 14.03 percent, the lowest for the past five years. Chemical fiber industry, as a whole, benefit a lot from the adjustment of textile Tax refund. Since the second half of 2008, the cold wave of Chinese textile comes, we believe that declining buying demands of Europe and the United States market is the main reason for the economic downturn. And the following factors: accelerate the appreciation of the RMB, the increased cost leaded by rising prices of production factors, the same capacity for rapid expansion, low product differentiation and excessive competition, all are the causes. The export Tax refund rate is not the main factor affecting exports.
The industry experts of Himfr.com said 2009 will be a hard year for textile and garment As an export-oriented industries, textile and garment industry bears heavy pressure, including raw material prices, the appreciation of the RMB, and the rising labor costs. From the industry supply and demand situation, despite the export tax refund rate to stimulate the increase, but the overall situation is still not optimistic, we expect that industry structure adjustment is the substantive profit growth.
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Breathe a sigh of relief. The financial rocky road of 2009 is over. USE, don’t lose, those new gift cards. Most gift cards cannot have expiration dates or fees, unless clearly stated on the card itself.
Free Federal Online Income Tax Refund & Return Calculator 2009, 2010
Filing Separately Or Jointly
Question: Better to file separately or jointly..?
Me and my husband owe taxes for the first time, due to main income coming from pension now. We were wondering if filing separately would help out lowering the number? We’ve always filed jointly in the past.
Answer: Married Filing Joint has lower tax rate so in most cases, filing joint is much better off than filing separate. Some deductions are disallowed if you file as Married Filing Separate.
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Income Tax Filing Online In India
Question: How to file tax returns in india online?
I live in Chicago USA and have an ICICI NRO account. ICICI pays good interest on this account. The only problem is that they deduct tax on whatever interest they pay.
Since I live in US and settled here, I have no income in India except this few thousand Rupees of interest. So, if I file tax returns, I will not be liable to any taxes. Does that mean that I will get back all this tax deducted at source (TDS) if I file tax returns?
How hard is it to file taxes? Can it be done online? I have a PAN number. I never used it though. I have not worked in India ever and so never paid taxes there. So, pardon my ignorance. Can this all be done online? If yes, then what is the effort and cost involved.
Thanks so much
My question was where to file? what is the site?Answer: A non resident is liable to tax in respect of income received or deemed to be received in India by or on his behalf and income that accrues or arises or is deemed to accrue or arise in India during the previous year.
for the year 2006-07, no income tax is payable if it does not exceeds 1.00 lac.
now you can file return on line. you need digital signature to file return. you dont need to spend any money except digital signature. around US 100.
Preparing India Income Tax Return – Part 2
Quarterly Tax Filing Dates
Question: If my employer file for bankruptcy and they haven’t paid the taxes they withheld from my…?
…wages do I still owe the taxes?
My wife worked for a company that went bankrupt, they paid everything they owed her for wages, vacation , sick time etc. on her last check. Now we get a letter from their lawyers saying she’s scheduled for money in their bankruptcy filing under priority status. The only thing that makes sense to me given the amounts involved is that they withheld taxes from her wages but hadn’t paid them to the IRS because their quarterly payments weren’t due before the filing date and now they’re a debt to my wife. This is also happening to THOUSANDS of others in this bankruptcy. Is this possible? Is it legal? Is there a way for us to check with the IRS to see if the amounts listed for withholding on her last pay stub are the same as what’s been paid to them?Answer: Short answer: You owe taxes on what you received (as you would expect). THEY owe the payroll taxes.
See article below:
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Declaring bankruptcy is of very limited help when it comes to dealing with unpaid payroll taxes. While it may buy you some time, it doesn’t discharge the debt.
The IRS holds business owners and co-owners personally liable for payroll taxes. This means that unpaid payroll taxes, even when bankruptcy is declared, can result in the IRS taking personal assets such as private accounts, cars, or vacation homes valued up to the amount owed. For this reason, business owners should make it a priority to pay payroll taxes.
If you’ve filed for bankruptcy and have unpaid payroll taxes you don’t have the money to pay, your best option is to negotiate a payment plan with the IRS, or make an “offer in compromise” for less than you owe.
If you owe less than $25,000, you should be able to get an installment plan fairly easily. The downside to a payment plan is that the interest can total up to 8 to 10 percent a year on the amount still owed. The other stipulation is that anyone asking for a payment plan on back taxes must be current on their own yearly taxes.
If, on the other hand, you make an “offer in compromise,” you’re asking the IRS to reduce the amount you owe. Doing so requires that you file IRS Form 656 (PDF) and pay a $150 application fee. The process is neither easy nor fast. Once you submit the forms, you’ll be required to supply the IRS with massive amounts of information — from pay stubs to vehicle registrations. You must be able to show either that it is doubtful the IRS will be able to collect the full amount from you, or that doing so would create an unfair economic hardship. (For more information on this topic, be sure to check out Offers In Compromise.)
There are two primary downsides to making an offer in compromise: First, if the IRS refuses the offer, you’ve already provided them with all the paperwork they need to quickly seize your assets. Additionally, during the lengthy application process, interest is accruing on the money owed. If the offer is ultimately granted, you’ll be expected to pay the amount in full within two years, or have a Notice of Federal Tax Lien imposed.
IRS requirements are often both lengthy and complicated. If you find yourself owing the IRS a large debt in unpaid payroll taxes, you’d be wise to hire legal representation to aid you in your negotiation process.
Be sure to read Alternatives to Declaring Business Bankruptcy for help in avoiding bankruptcy altogether.
U.S. Cellular Reports Second Quarter 2010 Results
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Filing your Quarterly Withholding Tax Return
No Income Verification Car Loans
Question: No income verification car loan with large % downpayment possible?
I want to purchase a 40,000 dollar car, however my employment is self-employed and it is hard to “verify” my income or show tax returns or paystubs or anything. I was wondering if I could put down a large % downpayment on the car and get the rest financed without income verification? A few places I went to said with 50% down they would do this, is this common? Can i do less down like 30-40%?
What kind of APR can i expect on the remaining financing, I have good credit but again its hard to show my “gross monthly income” on paper. Thanks
Answer: Consider this, a down payment exceeding 10k will be reported to the IRS
Being self employed with unverifiable income means that you are not completely reporting your income to the aforementioned federal agency and could wind you up on the wrong side of an auditors desk.
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Tax Refund At Jfk
Question: Tax Refund at JFK Airport?!?!?
I’ve asked a friend who’s visiting NYC to buy me a digital camera.
I’m wondering if it’s possible to claim your tax back at JFK airport?!?
because in Europe (where I live) you’re able to ask for tax refund. is it possible in the states???? if yes where at JFK airport???Answer: The US does not have a tax refund program.
Tax Tips: e-File and Direct Deposit – Jan 2010