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
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
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 basics will make tax season less of a hassle for you, and maybe even save you... Read More
Most people trying to make a crust online (or offline for that matter) are so focused on doing just that, they ignore taking simple steps to ensure that they hang on to just as much of it as they can. Instead, they hand over large lumps of their hard-earned money... Read More
Are you in the middle of a disagreement with the IRS? One of the guaranteed rights for all taxpayers is the right to appeal. If you disagree with the IRS about the amount of your tax liability or about proposed collection actions, you have the right to ask the IRS... Read More
For many business owners the answer to this quandary is tax preparation software. Fill out a fairly simple interview, click "print" and out comes a completed return that will pass muster with the IRS. The answer to all your problems?or is it?Can One Software Program Cover All Businesses?Take a moment... Read More
It's that time again, the April 15 tax deadline is looming large. If youre like most people, you havent gathered all of your tax records, let alone filled your return.Before you dig in and get started, take this opportunity to first review a list of a few tax deductions to... Read More
While accountants are reaching for aspirin, millions of Americans are reaching for some fast cash this tax season. Unfortunately, those who reach for fast cash in the form of a "refund anticipation loan" are getting hit with interest rates and fees that are out of this world.The tempting ads are... Read More
Many Americans believe that an IRS debt is a debt for life and that the tax collector can hound them to the grave. Thankfully, that is not the case and there are statutory time limits on the ability of the IRS to examine and collect taxes. Taxes do expire at... Read More
To tax or not to tax - this question could have never been asked twenty years ago.Historically, income tax is a novel invention. Still, it became so widespread and so socially accepted that no one dared challenge it seriously. In the lunatic fringes there were those who refused to pay... Read More
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Many taxpayers are confused about how long they should keep... Read More
Yes, the tax season is upon with the first filing... Read More
All states also have their own tax system. Typically there... Read More
Misconceptions, misinterpretations and just plain "untruths" are floating about income... Read More
Most people look forward to getting their tax return, but... Read More
In a past article I relayed the plight of the... Read More
Practically every small business has receivables that it cannot obtain... Read More
NOTE: This is the first in a series of 5... Read More
April 15th looms in front of most people every year... Read More
Six Urban Myths ? Taxation"I am proud to be paying... Read More
Reservists called to active duty and enlistees in the armed... Read More
Over 50% of marriages end in divorce in the United... Read More
As we enter mid-March, taxpayers begin to become very interested... Read More
One can never underestimate the enthusiasm that politicians have for... Read More
Following is a reproduction of the IRS's rules and requirements... Read More
April 15 - The most dreaded day of the year... Read More
Own residential rental properties? This article discusses how income from... Read More
As a small business owner or self-employed person, one of... Read More
Most people trying to make a crust online (or offline... Read More
While there are many equally valid reasons to incorporate, saving... Read More
Beware of advertisements that claim to settle tax debts for... Read More
With gas prices at an all time high before Hurricane... Read More
Running a home based business reaps many wonderful tax deductions... Read More
If you have recently started an Internet or home business,... Read More
If your like many, you don't always understand what people... Read More
The powers of Congress, and the limitations set upon those... Read More
Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This... Read More
If you paid someone to care for a child so... Read More
The IRS has obtained civil injunctions against more than 100... Read More
It's that time again, the April 15 tax deadline is... Read More
If you have employees, you are responsible for paying a... Read More
Assume a buyer in Pakistan downloads software from the Internet... Read More
Your days as an entrepreneur and businessperson are consumed with... Read More
Choosing the right tax preparer for your business is a... Read More
In elementary school, kids come up with creative excuses why... Read More
Whether helping the kids with a down payment on their... Read More
If your identity is stolen, your finances can quickly become... Read More
The United States is a nation of entrepreneurs. There are... Read More
Adding Your First Additional Stream of IncomeMost new wealth builders... Read More
"What we've got here is a failure to communicate." ... Read More
Q: I was contacted by the city tax collector to... Read More
Does this scene sound familiar? It's April 7. You haven't... Read More
Import duties continue to be significant elements in the cost... Read More
Deducting Your Auto ExpensesAuto deductions are a very complex topic.... Read More
Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This... Read More
A Federal Tax Lien (FTL) is a legal instrument that... Read More
The U.S. Department of Agriculture estimates that it costs nearly... Read More
As an employer, you must pay employment taxes if you... Read More
Background issues of access to recordsTo assess the records at... Read More
As a gentleman was leaving my class recently, he wanted... Read More
We all love to criticize the IRS, don't we? And... Read More
In a past article I relayed the plight of the... Read More
As tax time approaches, many home-based business owners begin completing... Read More
Following is a reproduction of the IRS's rules and requirements... Read More
Donating your used car to charity is a win-win situation;... Read More
If you have recently started an Internet or home business,... Read More
In the rush to get tax returns prepared and filed... Read More
For many business owners the answer to this quandary is... Read More
Millions of people file tax return extensions every year. The... Read More
Deduction of Refinance PointsAny points that you pay in the... Read More
An early distribution from an Individual Retirement Arrangement (IRA) or... Read More
As a small business owner, it's wise to familiarize yourself... Read More
Beware of advertisements that claim to settle tax debts for... Read More
Anyone who is closely related to an accountant knows that... Read More
Emerging Legal issues of Tax compliance of e-business Self-assessment system... Read More
It's a moment every person dreads. You pick up the... Read More
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