Estate taxes. It's not enough to simply know they exist, and to know strategies to minimize them. When it comes down to it, you need to plan how you and your family will eventually pay them.The Estate Tax DilemmaEstate taxes are generally due nine months after the date of death.... Read More
The electronic transaction ordinance defines the certificated copies in which are to be presented for adjudication. Where any law requires or permits the production of certified copies of any records, such requirement or permission shall extend to print outs or other forms of display of electronic documents where, in addition... Read More
Hit a big one? With more and more gambling establishments, keep in mind the IRS requires people to report all gambling winnings as income on their tax return.Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse and dog races and casinos. Unfortunately, gambling income also includes... Read More
If you are a Small Business Owner or Self-Employed Person, there's one especially lucrative tax break that not only puts money in your pocket, it also makes the filing of your business tax return much simpler.What am I talking about? It's called the Section 179 deduction, and if there's one... Read More
An early distribution from an Individual Retirement Arrangement (IRA) or a qualified retirement plan need not be a "taxing" experience. Fortunately, there are exceptions to early distributions.Any payment that you receive from your IRA or qualified retirement plan before you reach age 59½ is normally called an "early" or "premature"... Read More
Six Urban Myths ? Taxation"I am proud to be paying taxes? I could be just as proud for half the money." ? Arthur Godfrey Temporary Taxation in Canada In 1917, the Income War Tax Act (7-8 George V, Chap. 28) introduced Canadians to a 'temporary' tax on corporate and personal... Read More
QUESTION: I have been contacted by my local city government to say that my business is scheduled to be audited to determine if I owe any sales tax from items purchased on the Internet. Can they really make me pay this tax? I thought you could buy things online... Read More
"What we've got here is a failure to communicate." --Strother Martin in Cool Hand Luke Statutory Law Governments pass laws, it's what they do. It is the job of others to interpret the laws that Parliament has made. Statutory Construction It is "presume[d] that the legislature avoids superfluous... Read More
A Federal Tax Lien (FTL) is a legal instrument that secures the claim of the United States in the right, title, and interest of a debtor taxpayer's assets. It is a public document and is recorded at the County Clerk's office or the Secretary of State, depending on local law.... Read More
If you have recently started an Internet or home business, your probably a little intimidated by having to submit a tax return and the possibilities of being audited. Simply follow these guidelines and rest assured that filing your next tax return will go smoothly.Get yourself an accounting ledger bookletThe first... Read More
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Someone once said, 'the best way to calculate your taxes... Read More
Why a Corporation Helps Save You TaxesThe Tax Rates (Notice... Read More
The federal tax code is complex. This complexity generally arises... Read More
Just image, you are a small manufacturing company, business has... Read More
Tilting the Tax Laws in Your Favor.In order to accelerate... Read More
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Excerpted from the new book, "How to Do Space Age... Read More
Most people trying to make a crust online (or offline... Read More
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Six Urban Myths ? Taxation"I am proud to be paying... Read More
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Does this scene sound familiar? It's April 7. You haven't... Read More
How Home-Based Businesses Can Avoid Giving Uncle Sam... Read More
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Should I take wages or dividends from my privately owned... Read More
Anyone who is closely related to an accountant knows that... Read More
If your identity is stolen, your finances can quickly become... Read More
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Taxpayers have two easy and convenient options for getting copies... Read More
The knock on the door from a Tax Inspector is... Read More
So, you were pleasantly surprised to learn that you are... Read More
You've been feeling uneasy (perhaps even guilty) because you've failed... Read More
We all love to criticize the IRS, don't we? And... Read More
As a small business owner or self-employed person, one of... Read More
Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing... Read More
Assume a buyer in Pakistan downloads software from the Internet... Read More
Whether helping the kids with a down payment on their... Read More
"What we've got here is a failure to communicate." ... Read More
Newlyweds and the recently divorced should make sure that names... Read More
Estate taxes. It's not enough to simply know they exist,... Read More
Haven't done your taxes yet? No problem. Now there is... Read More
OverviewIn the Pre-Budget Report of December 2003 the Chancellor Gordon... Read More
The federal tax code is complex. This complexity generally arises... Read More
Small Businesses Filing Amended Federal Tax Returns to... Read More
On June 3, 2005, the IRS released guidance on charitable... Read More
The end of tax filing extensions is quickly approaching. What... Read More
Most people look forward to getting their tax return, but... Read More
"Deducting Meals and Entertainment"O.K. You've been working really hard on... Read More
"Settle for Pennies on the Dollar! IRS debts settled for... Read More
In the latest Star Wars episode, the evil empire executes... Read More
Over 50% of marriages end in divorce in the United... Read More
Newlyweds and the recently divorced should make sure that names... Read More
Tilting the Tax Laws in Your Favor.In order to accelerate... Read More
Choosing the right tax preparer for your business is a... Read More
Six Urban Myths ? Taxation"I am proud to be paying... Read More
Recently, I stumbled across a concept that could change your... Read More
The electronic transaction ordinance defines the certificated copies in which... Read More
Many taxpayers are confused about how long they should keep... Read More
A Federal Tax Lien (FTL) is a legal instrument that... Read More
If your business has employees, you must pay employment taxes.... Read More
Anyone who is closely related to an accountant knows that... Read More
Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax... Read More
According to the IRS, taxpayers underpay their taxes by some... Read More
Donating your used car to charity is a win-win situation;... Read More
Ever wish that, as a business owner, you knew exactly... Read More
The powers of Congress, and the limitations set upon those... Read More
It's a moment every person dreads. You pick up the... Read More
Do you realize that some tax forms ask you to... Read More
Media reporting of a new EU savings tax directive has... Read More
With the massive losses caused by Katrina, the economy of... Read More
Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing... Read More
The 100 year old investment-banking firm of... Read More
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