IRS Lock-In Letters ? What?s An Employer To Do?
Employers often ask employees to designate the amount of tax withholdings for paychecks. Occasionally, employees will fail to withhold a sufficient amount in the eyes of the IRS. The IRS will then send a "lock-in" letter on the amount to be withheld. What's an employer to do?WithholdingsFour taxes must be... Read More
Understanding Marketing Tax Deductions
Marketing is a necessary expense in running practically any business and the IRS acknowledges as much. You may run advertisements on or in the Internet, radio, television, magazines, newspapers and other media to sell your products or services. You should be deducting all of the associated costs on your tax... Read More
Business Tax Loophole: Leasing Assets To Your Corporation
While there are many equally valid reasons to incorporate, saving money on taxes is a consideration that can yield relatively immediate results. Leasing assets to your corporation is a tax strategy you should absolutely consider if you already have a corporation or are thinking about forming one. Here's how it... Read More
Tax Deductions - Mr. C.P.A. Can I Deduct a Pizza? You Too Can Deduct Your Fun By Using Tax Tips
Recently, I stumbled across a concept that could change your financial life. You can call it a paradigm shift or a new perspective or just a different way to look at things.This single concept can save you tens of thousands of dollars each year. Its soooo powerful and yet its... Read More
Tax Audits: What Signs Make You More Likely to be Audited by the IRS?
It's a major fear for most Americans: A notice from the Internal Revenue Service (IRS) summoning you for an audit.What is it about these three letters that strikes a cord of fear in Americans' hearts? Learning the signs that could put your tax return at the top of the list... Read More
Tax Reform, My Way
We need real tax reform and we need it now. Previous attempts have been made at tax reform, but they have only provided band-aid solutions that have still left us with too many quirks, complication, and read tape. There are several things Congress could do to simply the tax system... Read More
Fiscal Deity: Tax Consultant
Strategic planning throughout the year results in a minimal tax balance. The objective of planning your tax payables is not to prevent paying taxes, it is to pay no more than your fair share of taxes, and keep your money where it earns you the most.If you aren't aware of... Read More
Income Tax Returns Your Accountant Should Not File
You've been feeling uneasy (perhaps even guilty) because you've failed to report your under the table business income. Perhaps you've never filed a tax return, even though you know you owe money. Finally, you contact an accountant to resolve the situation.Although it is commendable that you are trying to correct... Read More
Save Money on Taxes - Double Your Income Now With Tax Saving Tips on Deductions
Adding Your First Additional Stream of IncomeMost new wealth builders currently have a full-time job. After realizing that means "Just ----Over Broke" they commit to quitting their job and starting their own business.Tax Secrets of the Rich Found HereThe concept is good, but let's turn it around some.... Read More
How to Cut Duty Cost and Increase Profit as an Importer
Import duties continue to be significant elements in the cost of international trade. Yet many companies and businesses still pay more duties than the law requires ? which impacts adversely on landed cost and ultimately on business profitability. A planned approach to managing customs duty costs would look to eliminate,... Read More
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Highlights of IRS List of 2005 Tax Scams
Each year, the IRS lists various scams taxpayers get caught... Read More
I Havent Filed a Tax Return with IRS in Years, What Do I Do?
In elementary school, kids come up with creative excuses why... Read More
What Is Tax Law?
The federal tax code is complex. This complexity generally arises... Read More
Tax Tips to Save Money on Taxes - Get the Corporate Kick and Save Loads of Money
Why a Corporation Helps Save You TaxesThe Tax Rates (Notice... Read More
2005 Ford Escape Hybrid Certified For Clean-Fuel Deduction
If you are environmentally conscious and purchase a 2005 Ford... Read More
Access to E-records by Taxing Authorities: A Case for Pakistan (Part I)
Background issues of access to recordsTo assess the records at... Read More
Need an Offshore Sales Office in a Tax Free Environment?
The 100 year old investment-banking firm of... Read More
What You Need To Know About Taxes If You?re Getting Married
It may not be high on the list of wedding... Read More
Early Distributions From Retirement Plans
An early distribution from an Individual Retirement Arrangement (IRA) or... Read More
How to Cut Duty Cost and Increase Profit as an Importer
Import duties continue to be significant elements in the cost... Read More
Save Money on Taxes - Let Uncle Sam Pay for Your Fun!
"Deducting Meals and Entertainment"O.K. You've been working really hard on... Read More
Understanding Marketing Tax Deductions
Marketing is a necessary expense in running practically any business... Read More
Taxation of Isle of Man Companies from April 2006
At the present time a company incorporated in the Isle... Read More
10 Tax Tips to Reduce Costs and Increase Income
No one likes paying tax. Everyone understands that tax is... Read More
Small Businesses Filing Amended Federal Tax Returns to Recover Money
Small Businesses Filing Amended Federal Tax Returns to... Read More
Deducting Points On Home Refinances
Deduction of Refinance PointsAny points that you pay in the... Read More
Tax Strategy - Let Washington Pay for Your Corvette, Porsche, or Air Plane
Deducting Your Auto ExpensesAuto deductions are a very complex topic.... Read More
Your IRS Tax Appeal Rights
Are you in the middle of a disagreement with the... Read More
About Income Taxes; Tidbits
1812The first attempt to impose an income tax on America... Read More
Tax Deductions - Mr. C.P.A. Can I Deduct a Pizza? You Too Can Deduct Your Fun By Using Tax Tips
Recently, I stumbled across a concept that could change your... Read More
Tax Investigation - What You Need To Do
The knock on the door from a Tax Inspector is... Read More
How To Set Up A Tax-Saving Bookkeeping System
One of the most important, but least understood or appreciated... Read More
How to Maximize Your Home Business Tax Deductions for 2005
Someone once said, 'the best way to calculate your taxes... Read More
State Tax Information
All states also have their own tax system. Typically there... Read More
Home Based Business Tax Deductions
Running a home based business reaps many wonderful tax deductions... Read More
How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share
How Home-Based Businesses Can Avoid Giving Uncle Sam... Read More
E-commerce Taxation
The means and types of businesses have transformed with advent... Read More
Tax Audits: What Signs Make You More Likely to be Audited by the IRS?
It's a major fear for most Americans: A notice from... Read More
Anticipating Your IRS Refund Can Cost You Plenty
While accountants are reaching for aspirin, millions of Americans are... Read More
Tax Reduction Tips
In the rush to get tax returns prepared and filed... Read More
Six Urban Myths About Taxation
Six Urban Myths ? Taxation"I am proud to be paying... Read More
Slash Tax when Buying a Business
When buying a business, how the "purchase price" is made... Read More
Insider Guides to IRS Audits!
Ever wish that, as a business owner, you knew exactly... Read More
What You Need To Know About Taxes If You?re Getting Married
It may not be high on the list of wedding... Read More
Marriage or Divorce ? Check Your Social Security Number
Newlyweds and the recently divorced should make sure that names... Read More
Save Money on Taxes - Double Your Income Now With Tax Saving Tips on Deductions
Adding Your First Additional Stream of IncomeMost new wealth builders... Read More
The Internet Tax Man Cometh
Q: I was contacted by the city tax collector to... Read More
10 Tax Tips to Reduce Costs and Increase Income
No one likes paying tax. Everyone understands that tax is... Read More
Rental Property Tax Deductions
Own residential rental properties? This article discusses how income from... Read More
Your IRS Tax Appeal Rights
Are you in the middle of a disagreement with the... Read More
Highlights of IRS List of 2005 Tax Scams
Each year, the IRS lists various scams taxpayers get caught... Read More
Identity Theft ? Impacting Your Taxes?
If your identity is stolen, your finances can quickly become... Read More
Another Tax Loophole
Just image, you are a small manufacturing company, business has... Read More
IRS Certifies 2006 Toyota Hybrid for Clean Fuel Deduction
The Internal Revenue Service has certified the 2006 Toyota Highlander... Read More
Seven Key Tax Deductions for the Self Employed
As a sole proprietor, it's wise to familiarize yourself with... Read More
Truly Bizarre Taxes: The Tax on Illegal Drugs
One can never underestimate the enthusiasm that politicians have for... Read More
Tax Secrets - How Drew Miles Helped Me
How about a Tax Tip?As we all know Taxes are... Read More
Tax Strategy - Let Washington Pay for Your Corvette, Porsche, or Air Plane
Deducting Your Auto ExpensesAuto deductions are a very complex topic.... Read More
Home Business Tax Tips
If you have recently started an Internet or home business,... Read More
Reducing Taxes Through Dividend-Salary Mix Calculations
Should I take wages or dividends from my privately owned... Read More
Donating Cars To Charity - New Tax Rules
On June 3, 2005, the IRS released guidance on charitable... Read More
How To Claim CHILD TAX CREDIT The Right Way And Add An Extra $2,000 To Your Refund
The U.S. Department of Agriculture estimates that it costs nearly... Read More
2005 Ford Escape Hybrid Certified For Clean-Fuel Deduction
If you are environmentally conscious and purchase a 2005 Ford... Read More
Correspondence From The IRS ? Yikes!
It's a moment every person dreads. You pick up the... Read More
Failure To Pay Employment Taxes ? Penalties
As an employer, you must pay employment taxes if you... Read More
Knock-Knock-Knock
Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax... Read More
Render Unto Caesar
Once a year Canadian taxpayers are required, by law, to... Read More
Are You An Innocent Victim of These Popular Myths?
Misconceptions, misinterpretations and just plain "untruths" are floating about income... Read More
The Seven Deadly Tax Sins: Commonly Missed Deductions
It's that time again, the April 15 tax deadline is... Read More
Car Donation: An Easy Way to Support Your Favorite Charity and Get a Tax Deduction
Most people look forward to getting their tax return, but... Read More
How To Get An Instant Pay Raise
As a gentleman was leaving my class recently, he wanted... Read More
Tax Deduction for Alimony Payments? - Yes!
Over 50% of marriages end in divorce in the United... Read More
Employment Taxes ? Depositing With The IRS
If your business has employees, you must pay employment taxes.... Read More
Home Based Business Tax Deductions
Running a home based business reaps many wonderful tax deductions... Read More
Tax Tips for Home-Based Business Owners
As tax time approaches, many home-based business owners begin completing... Read More
Need a Copy of Your Tax Return Information?
Taxpayers have two easy and convenient options for getting copies... Read More
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