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Excise tax is the fourth form of taxation and is charged on motor vehicles, alcohol, tobacco, gasoline, and certain other forms of movable property; most of the proceeds are used to fund state and local roads and health programs. The Indiana Department of Revenue collects all taxes and pays them out to the appropriate agencies and municipalities.
Ken and Klee give an easy and quick explanation of Indiana Form IT-40 to help newbies understand some of the basics of Indiana Income taxes.
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. These tax rates vary by state and by entity type. Taxable income conforms closely to federal taxable income in most states with limited modifications. [2] States are prohibited from taxing income from federal bonds or other federal obligations. Most states do ...
The government of Indiana is established and regulated by the Constitution of Indiana. The state-level government consists of three branches: the judicial branch, the legislative branch, and the executive branch. The three branches share power and jointly govern the state of Indiana. County and local governments are also constitutional bodies with limited authority to levy taxes, pass ...
The Indiana Department of Revenue recommends waiting a minimum of three weeks before checking the status of your electronically filed tax refund and 12 weeks for paper-filed returns.
Monday is tax day. If you haven't already submitted your documents to the IRS and the Indiana Department of Revenue, here's what you need to know.
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