Tax and Tax Information

The Western Union Company is a financial services and communications company based in the United States. Its North American headquarters is in Greenwood Village, Colorado, and its international marketing and commercial services headquarters are in Montvale, New Jersey. Until it discontinued the service, Western Union was the best known US company in the business of exchanging telegrams.

Western Union has a number of divisions, with products such as person-to-person money transfer, money orders, and commercial services. As of September 9, 2000, the company has 350,000 Western Union agent locations in over 240 countries and territories.

CPA Moms will transfer your tax refund to a Western Union Office near you. Pick your Tax Refund in Cash.

     

Tax and Tax Information - Tax Invoice

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Tax and Tax Information * Tax Invoice

Tax Invoice   
Max Plata

A tax invoice is a legal document that offers a look at what the GST is for a transaction.

Read on to learn about your obligations for issuing, holding, and supplying the different types of tax invoices.

Article to continue below----------------------------------------------

Rally To Push For Hike To Georgia Cigarette Tax (AP Via Yahoo! Finance)
Anti-smoking advocates say they know a way to help fill Georgia's $1 billion budget shortfall: hike the tax on cigarettes by $1.

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You can easily learn what the general requirements are for keeping tax invoices and what you can do if you receive a tax invoice too late to claim a GST credit, as well as what the requirements are for issuing tax invoices that are specific to the value of the supplies, and how you can issue duplicate tax invoices.


It is generally true that in order to claim a GST credit for a supply of more than $50, including GST, you must hold a tax invoice.

Article to continue below----------------------------------------------

N.Y.âs Paterson Shuns Wall Street Stock Transfer Tax (Update2) (BusinessWeek)
New York Governor David Paterson, facing at least a $9 billion budget deficit, rejected a call for a stock transfer tax on Wall Street.
Tax Season Brings Out The Fraud Artists (ABC News)
Tax season is a popular time for identity-theft scams. Identity theft - Theft - Crime - Fraud - Law

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When you supply goods and/or services to another person who is registered, you must be able to provide a tax invoice within 28 days when the purchaser asks you for one. You could be charged with penalties if you do not supply the purchaser with a tax invoice after such a request is made.


For claims on supplies that are worth $50 or more, you must hold a tax invoice in order to claim a credit. You cannot claim your credit if you do not hold a tax invoice.


This means that you cannot claim a credit for a purchase when your return is due if you do not hold a tax invoice. If this should happen, there is something you can do. You can claim a credit for the purchase in a later return when you actually do receive and hold the tax invoice.


For supplies of $50 or less, including GST, a tax invoice is not needed. It is suggested, however, that you do keep a record of such things as invoices, vouchers, and/or receipts for these purchases. Minimally, you should at least keep a record of the date, description of the supply, the cost, and also the name of the supplier.


When dealing with supplies with a worth of $1,000 or more, including GST, the tax invoice must clearly display several facts. These include the words 'tax invoice' in a prominent place, the name, or trade name, and GST number of the supplier, the name and address of the supply's recipient, the date it was issued, a description of the goods and/or services that was supplied, and also the quantity, or volume, of the goods and/or services that was supplied.


The tax invoice must also include the amount, excluding tax, that was charged for the supply, the GST content, and also the total amount that was payable for the supply. If you don't have this information, it must include a statement that the GST, if it has been, is included in the final price.


If the tax invoice covers multiple supplies that add up to a total over $1,000, then all the details listed above are required.


For supplies that are valued between $50 and $1,000, including GST, a simplified tax invoice is acceptable.


This type of tax invoice must clearly show the words 'tax invoice' in a prominent place, the name and GST number of the supplier, the date that it was issue, as description of the goods and/or services that were supplied, and the total amount that is payable for the supply, as well as a statement that the GST is included.


A tax invoiced is not required for supplies that total $50 or less, including GST.


There cannot be duplicate tax invoices. A registered person is only allowed to issue one original tax invoice for each taxable supply. However, if a purchaser loses an invoice, then the supplier may issue a copy that must clearly be marked 'copy only' right on it.


Invoices: Resources and Information about it

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Index of Articles about Taxes

What Other Authors say about Taxes

Tax Preparation and Electronic Tax Preparation Options by Amber Lowery

Just in time for tax season you will find yourself presented with this years editions of popular tax preparation programs that promise to make tax filing a breeze for the average person. Which one is right...

Where Can You Get Answers To Your Tax Questions? by Carl LaFresnaye

Taxes are an unfortunate part of our lives. But our tax money finances so many parts of our government, taxes are here to stay. It would be nice if taxes were cut and dried, easy to understand and easy...

Preparing Ahead For A Pleasant Tax Day by Carl LaFresnaye

How did you spend your last tax day? In line at a post office at almost midnight, dropping off your taxes? Dreading going on an extension again – knowing if you owe and don't pay it on time, there will...

Income Taxes: What Do They Go? by Carl LaFresnaye

Remember the Boston Tea Party? In 1773, the king in England and his Parliment had just initiated the Tea Tax – and the settlers didn't accept it. Many of them dressed up as Indians, boarded a trade ship...

Where To Find Tax Help by Carl LaFresnaye

Once upon a time, doing your taxes was a job for professionals only, like brain surgery or nuclear science. Nowadays software is available that allows you to file your taxes yourself, giving all sorts...

YEAR END TAX PLANNING AND PREPARATION FOR INDIVIDUALS - Tax Tips for 2004 including new tax relief due to the Working Families Tax Relief Act of 2004 by Dianne Goodman, CPA

Now is the best time to start thinking about your year end tax planning. These tax strategies can be put into effect by the end of the year and some as late as when the tax return is due. Planning now...

Utilizing Tax Tips by Carl LaFresnaye

Tax tips can be found from a variety of different sources, but individuals must be careful to determine whether those sources are professional and legitimate or if they are from average people who are...

Advice on Internal Revenue Service Audits by Roni Deutch

It is important to keep in mind that the IRS computer system selects the returns that are audited, not human employees. The computer system selects returns that are likely to yield the most money to the...

Understanding Basic Tax Terms by Ryan Fyfe

If your like many, you don't always understand what people are talking about when it comes to Taxes. It's important to know the main tax terminology, especially when tax season comes around. Knowing the...

Doing Your Taxes by Carl LaFresnaye

When an individual is younger, it is much easier to do taxes at the end of the year since there usually is not anyone to claim other than the individual him or herself, as well as the fact that not many...

Delinquent Taxes - What Happens if I Don't Pay the IRS? by Neil Lemons

Depending on how much time has past, an individual will see hundreds; even of thousands of dollars owed in back taxes that were not originally assessed when first receiving a letter from IRS. Similar to...

Tips For Preparing Your Taxes from the Internet by Cal Golden

When it comes to preparing our taxes, many of us could use some help. The following websites offer guidance and information that may assist you in learning about how to get the most out of filing your...