Little Rock

Tax Attorneys.

HOME

August 24, 2010

Selecting an attorney for legal cases is a very important decision. Please enter your information below to receive a Free Consultation from an attorney in your area:

Zip Code:

Taxation Legal News

2005 Federal Earned Income Tax Credit

Earned Income Credit Amounts Increase

The maximum amount of income you can earn and still get the credit is higher for 2005 than it is for 2004. You may be able to take the credit for 2005 if:

You have more than one qualifying child and you earn less than $35,263 ($37,263 if married filing jointly)

You have one qualifying child and you earn less than $31,030 ($33,030 if married filing jointly)

You do not have a qualifying child and you earn less than $11,750 ($13,750 if married filing jointly)

The maximum amount of adjusted gross income (AGI) you can have and still get the credit has also increased.

You may be able to take the credit if your AGI is less than the amount in the above list that applies to you.

Contact our Little Rock Taxation Lawyer Now!

Did You Know?

Form 5471 is Information Return of U.S. Persons With Respect to Certain Foreign Corporations
Report information with respect to certain foreign corporations. A domestic partnership may have to file Form 5471 if it: Controls a foreign corporation; or Acquires, disposes of, or owns 5% or more in value of the outstanding stock of a foreign corporation; or Owns stock in a corporation that is a controlled foreign corporation for an uninterrupted period of 30 days or more during any tax year of the foreign corporation, and it owned that stock on the last day of that year.

	Newsroom
	News about Taxation cases in Little Rock and nationwide: IRS Announces Standard Amounts for Telephone Tax Refunds WASHINGTON — The Internal Revenue Service today announced the standard amounts that most long-distance customers can use to figure their telephone ... Read more > President Bush Signs Tax Relief Extension Reconciliation Act of 2005 President Bush Signs Tax Relief Extension Reconciliation Act of 2005 Today, President Bush Signed The... Read more > Tax Amnesty Collections Near $10 Million Program on Pace to Hit $48 Million Target Richmond, VA, October 15, 2003 - Virginia's Tax Amnesty program, which seeks to... Read more > More Taxation News >

Taxation Terms

Today's Terms

Acquisition

Definition:
The purchase of one corporation by another, through either the purchase of its shares, or the purchase of its assets.

Subchapter S

Definition:
The S-Corporation must complete and file IRS Form 1120s to report its annual income to the IRS each year.

Earned Income Credit

Definition:
A tax credit for certain people who work, meet certain requirements, and have earned income under a specified limit.

More Taxation Terms >

Tax Legal Resources

Search Taxation legal resources in our resource center:

More Resources >

Taxation Hot Topics

Topics Related to Taxation Law:

Income Tax Cases
Recent Estate & Gift Tax Cases
Recent Income Tax Cases
State Statutes Dealing with Taxation

Little Rock Taxation Attorney

If you live in the following cities and need an taxation attorney you should contact our Taxation Attorney as soon as possible:

Batesville
Benton
Bentonville
Blytheville
Cabot
Camden
Conway
El Dorado
Fayetteville
Forrest City
Fort Smith
Harrison
Hot Springs National P
Jacksonville
Jonesboro

Little Rock
Magnolia
Mountain Home
North Little Rock
Paragould
Pine Bluff
Rogers
Searcy
Sherwood
Springdale
Texarkana
Van Buren
West Memphis
White Hall

Legal Disclaimers
All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Little Rock Tax Attorneys.com is not intended to be legal advice, but merely conveys general information related to legal issues commonly encountered. Your access to and use of this website is subject to additional Terms and Conditions.

Local Professional? Generate new business today
Call 866-227-9356 or contact a sales rep

This site is part of the LawFirms.com Network
©2010 ExpertHub, wholly owned subsidiary of MoxyMedia, Inc.