Donating Cars To Charity - New Tax Rules
On June 3, 2005, the IRS released guidance on charitable deductions for donated vehicles. The American Jobs Creation Act (AJCA) radically changed the amount of the deduction taxpayers can claim for their donated car.Fair Market Value v. Actual Sales PriceWhen donating a car to charity, a taxpayer traditionally was allowed... 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
Navigating The Internet Sales Tax Laws
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
Tax Secrets - How Drew Miles Helped Me
How about a Tax Tip?As we all know Taxes are a necessary evil. While none of us like paying taxes there are many strategists out there that can make your life a lot easier when that dreaded day arrives.Recently I received a "Tax Tip" that saved me a ton of... Read More
What to Do If You Can?t Pay Your Taxes
The end of tax filing extensions is quickly approaching. What do you do if you can't pay the amounts you owe? You should still file your return by the due date and pay as much as you can. There are, however, additional steps that might help.Credit CardsYou can charge your... Read More
Tips and Simple Guidelines on How to Calculate Payroll Taxes
Managing a business small, medium or big requires you to pay your taxes, as well as your employees taxes. Managing a payroll can be an arduous and taxing job, no pun intended. There are laws that require us to pay taxes and everyone have to comply with that. But keeping... Read More
Surprising Truths About Tax Preparers
Choosing the right tax preparer for your business is a decision best not left until April. A former tax preparer and small business mastermind offers insights into the secret world of tax preparers.1. All tax preparers are not created equal.It stands to reason, somewhere in the country is the Worst... Read More
How to Reduce the Estate Tax Using the A-B Revocable Living Trust
In a past article I relayed the plight of the widow who stated:"I didn't realize what an A-B Revocable Living Trust meant and that it had to be divided between the survivor and the deceased spouse and that I am limited as to what I can use from his share."She... Read More
Small Businesses Filing Amended Federal Tax Returns to Recover Money
Small Businesses Filing Amended Federal Tax Returns to Recover Money By Darren Oliver April 15th may be gone but, but certainly not forgotten ? especially if you, like millions of small businesses, unknowingly overpaid your federal taxes and can recover money... 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 one of the downsides to filing taxes is that you may find yourself owing the taxman come April 15. What do you do when you realize that you not only owe money, but you owe more than you can pay... Read More
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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
10 Tax Tips to Reduce Costs and Increase Income
No one likes paying tax. Everyone understands that tax is... Read More
Surprising Truths About Tax Preparers
Choosing the right tax preparer for your business is a... Read More
Small Business Tax Issues for Self-Employed Individuals
The United States is a nation of entrepreneurs. There are... Read More
Taxation of Forgiven Debt: The 1099C & You
Often people fall on hard times and stop paying on... 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 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
Euro Tax Haven Threat
Media reporting of a new EU savings tax directive has... Read More
Understanding Marketing Tax Deductions
Marketing is a necessary expense in running practically any business... Read More
Insider Guides to IRS Audits!
Ever wish that, as a business owner, you knew exactly... Read More
Tax Trap #3 -- IRS Penalties, Interest and Love Letters
As a small business owner or self-employed person, one of... Read More
IRS Reports Tax Gap of $300 Billion
The Internal Revenue Service is reporting that the difference between... Read More
E-commerce Taxation
The means and types of businesses have transformed with advent... Read More
Taxation of Isle of Man Companies from April 2006
At the present time a company incorporated in the Isle... Read More
Another Tax Loophole
Just image, you are a small manufacturing company, business has... Read More
Rental Property Tax Deductions
Own residential rental properties? This article discusses how income from... Read More
Gambling Income and Expenses - Tax Requirements
Hit a big one? With more and more gambling establishments,... Read More
Alas! In E-Commerce Taxland
In trying to comply with tax laws for your e-business,... Read More
Tax Secrets - How Drew Miles Helped Me
How about a Tax Tip?As we all know Taxes are... Read More
The Internet Tax Man Cometh
Q: I was contacted by the city tax collector to... Read More
Are You An Innocent Victim of These Popular Myths?
Misconceptions, misinterpretations and just plain "untruths" are floating about income... 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
Taxing Overseas Firms for SOX Compliance
The Sarbanes-Oxley Act, also called the Public Company Accounting Reform... Read More
The Tax Man Cometh... To Search
You're at your office, or home, and the doorbell rings... Read More
Uncle Sam is Ready...Are You? Organizing Tips for Tax Time
Anyone who is closely related to an accountant knows that... Read More
Access to E-records by Taxing Authorities: A Case for Pakistan (Part II)
All tax authorities to e-commerce transactions should investigate the record... Read More
How to Donate Your Car to Charity and Get Tax Deduction
Donating your used car to charity is a win-win situation;... 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
Get Uncle Sam To Pay $36,000 For Your Childs Education!
Let's assume that you would like to begin saving for... Read More
Anticipating Your IRS Refund Can Cost You Plenty
While accountants are reaching for aspirin, millions of Americans are... 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
How Likely Are You To Be Audited?
Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing... Read More
Are You An Innocent Victim of These Popular Myths?
Misconceptions, misinterpretations and just plain "untruths" are floating about income... Read More
Complaince of Tax Return in Electronic Commerce Taxation
Emerging Legal issues of Tax compliance of e-business Self-assessment system... Read More
The Seven Deadly Tax Sins: Commonly Missed Deductions
It's that time again, the April 15 tax deadline is... Read More
Income Tax Returns Your Accountant Should Not File
You've been feeling uneasy (perhaps even guilty) because you've failed... Read More
Tax Trap #1 -- Waiting to Incorporate: What A Difference A Date Can Make
NOTE: This is the first in a series of 5... Read More
Donating Cars To Charity - New Tax Rules
On June 3, 2005, the IRS released guidance on charitable... Read More
IRS Obtains More Than 100 Injunctions Against Tax Scheme Promoters
The IRS has obtained civil injunctions against more than 100... Read More
Military Reservists, Enlistees May Get Deferral of Back Taxes
Reservists called to active duty and enlistees in the armed... Read More
Back To School ? Educators Deduct School Expenses
As teachers and students head back to school following a... Read More
Corporations Failing To Claim AMT Exemption Overpay Taxes By $11,000
Does your incorporated business pay alternative minimum tax ["AMT]? If... 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
Some Folks Pay A Lot Less Tax Than Others On Very Same Income?Did You Pay Too Much Tax In 2004?
Someone once remarked, "Next to being shot at and missed,... Read More
How To Get An Instant Pay Raise
As a gentleman was leaving my class recently, he wanted... Read More
Small Business Tax Deductions for Year End 2004
As a small business owner, it's wise to familiarize yourself... Read More
IRS Offer-in-Compromise, Hype or Hope?
"Settle for Pennies on the Dollar! IRS debts settled for... Read More
How to Donate Your Car to Charity and Get Tax Deduction
Donating your used car to charity is a win-win situation;... Read More
Estate Taxes - It Pays to Plan Ahead
Estate taxes. It's not enough to simply know they exist,... Read More
Small Business Tax Deduction - Write-Off Bad Debts
Practically every small business has receivables that it cannot obtain... Read More
Tax Reduction Tips
In the rush to get tax returns prepared and filed... Read More
Take Control of Your Taxes
As everyone in the U.S. knows, we have just passed... Read More
Business Tax Deductions
As we enter mid-March, taxpayers begin to become very interested... 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
IRS Statute of Limitations: Do Taxes Ever Expire?
Many Americans believe that an IRS debt is a debt... Read More
What the Tax Software Companies Dont Want You to Know
Haven't done your taxes yet? No problem. Now there is... Read More
Marriage or Divorce ? Check Your Social Security Number
Newlyweds and the recently divorced should make sure that names... Read More
Tax Tips - Which Tax Form Is Right For Me?
IRS Tax forms can be confusing.Am I a 1099 or... Read More
Tax Deduction for Alimony Payments? - Yes!
Over 50% of marriages end in divorce in the United... Read More
IRS Lock-In Letters ? What?s An Employer To Do?
Employers often ask employees to designate the amount of tax... Read More
Getting A Second Extension to File 2004 Taxes
Millions of people file tax return extensions every year. The... 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
Tax Trap #3 -- IRS Penalties, Interest and Love Letters
As a small business owner or self-employed person, one of... Read More
How To Get An Extension To File Your Business Tax Returns
Yes, the tax season is upon with the first filing... Read More
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