As tax time approaches, many home-based business owners begin completing their forms or paying their accountants with trepidation. This nervousness comes from two sources: a fear of being audited and a fear of having to pay a lot. For the most part, both of these fears are unfounded.For one, audits... Read More
Haven't done your taxes yet? No problem. Now there is a new way you can use top tax software programs, like TurboTax and H&R Block, to get your taxes done quickly and easily. And the best part is it won't cost you a thing.The secret is an IRS program called... Read More
Misconceptions, misinterpretations and just plain "untruths" are floating about income taxes. Believing them could be costing thousands of tax dollars!Myth: A Professional Tax Preparer knows all there is to know about taxes so you don't have to know anything them.Truth: Tax Preparer's/CPA's/Accountants are not uniformly informed about ALL tax laws.... Read More
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
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
If you have employees, you are responsible for paying a variety of taxes at the federal, state, and local levels. You must also withhold certain taxes from the paychecks of your employees. So, what are employment taxes?Employment taxes include the following.1. Federal income tax withholding2. Social Security and Medicare taxes3.... Read More
Taxpayers have two easy and convenient options for getting copies of their federal tax return information - tax return transcripts and tax account transcripts - by phone or by mail.A tax return transcript shows most line items from the tax return (Form 1040, 1040A or 1040EZ) as it was originally... Read More
Do you realize that some tax forms ask you to check a box if you are BLIND?Quote: "Two years ago it was impossible to get through on the phone to the IRS. Now it's just hard to get through. That's progress." -Charles Rossotti, former IRS CommissionerDisappointed that you never had... Read More
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
In elementary school, kids come up with creative excuses why they did not bring in their homework. "My dog ate it" or "It was stolen by invisible space aliens" might be given as a reason why something was not turned in on time. Don't try those excuses with the IRS!... Read More
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It's a moment every person dreads. You pick up the... Read More
As a small business owner or self-employed person, one of... Read More
No one likes paying tax. Everyone understands that tax is... Read More
Yes, the tax season is upon with the first filing... Read More
Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing... Read More
Media reporting of a new EU savings tax directive has... Read More
In trying to comply with tax laws for your e-business,... Read More
If your identity is stolen, your finances can quickly become... Read More
Many Americans believe that an IRS debt is a debt... Read More
It's a major fear for most Americans: A notice from... Read More
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How Home-Based Businesses Can Avoid Giving Uncle Sam... Read More
At the present time a company incorporated in the Isle... Read More
To tax or not to tax - this question could... Read More
In elementary school, kids come up with creative excuses why... Read More
As a gentleman was leaving my class recently, he wanted... Read More
How about a Tax Tip?As we all know Taxes are... Read More
All states also have their own tax system. Typically there... Read More
Does this scene sound familiar? It's April 7. You haven't... Read More
The Internal Revenue Service is reporting that the difference between... Read More
The U.S. Department of Agriculture estimates that it costs nearly... Read More
If you have employees, you are responsible for paying a... Read More
If you paid someone to care for a child so... Read More
The federal tax code is complex. This complexity generally arises... Read More
Own residential rental properties? This article discusses how income from... Read More
Millions of people file tax return extensions every year. The... Read More
As a sole proprietor, it's wise to familiarize yourself with... Read More
The Internal Revenue Service has certified the 2006 Toyota Highlander... Read More
Your days as an entrepreneur and businessperson are consumed with... Read More
We all love to criticize the IRS, don't we? And... Read More
"What we've got here is a failure to communicate." ... Read More
As tax time approaches, many home-based business owners begin completing... Read More
If your business has employees, you must pay employment taxes.... Read More
Running a home based business reaps many wonderful tax deductions... Read More
Managing a business small, medium or big requires you to... Read More
Many small businesses complain when confronted with the expense of... Read More
Following is a reproduction of the IRS's rules and requirements... Read More
In trying to comply with tax laws for your e-business,... Read More
Newlyweds and the recently divorced should make sure that names... Read More
In elementary school, kids come up with creative excuses why... Read More
As a small business owner or self-employed person, one of... Read More
Most people look forward to getting their tax return, but... Read More
As a small business owner, it's wise to familiarize yourself... Read More
Import duties continue to be significant elements in the cost... Read More
With gas prices at an all time high before Hurricane... Read More
Millions of people file tax return extensions every year. The... Read More
An early distribution from an Individual Retirement Arrangement (IRA) or... Read More
"Deducting Meals and Entertainment"O.K. You've been working really hard on... Read More
Deducting Your Auto ExpensesAuto deductions are a very complex topic.... Read More
In the largest criminal tax case ever filed, KMPG has... Read More
Often people fall on hard times and stop paying on... Read More
The 100 year old investment-banking firm of... Read More
As tax time approaches, many home-based business owners begin completing... Read More
Deduction of Refinance PointsAny points that you pay in the... Read More
Own residential rental properties? This article discusses how income from... Read More
If you are a Small Business Owner or Self-Employed Person,... Read More
The U.S. Department of Agriculture estimates that it costs nearly... Read More
Why a Corporation Helps Save You TaxesThe Tax Rates (Notice... Read More
Does your incorporated business pay alternative minimum tax ["AMT]? If... Read More
The powers of Congress, and the limitations set upon those... Read More
You've been feeling uneasy (perhaps even guilty) because you've failed... Read More
The Sarbanes-Oxley Act, also called the Public Company Accounting Reform... Read More
Beware of advertisements that claim to settle tax debts for... Read More
Let's assume that you would like to begin saving for... Read More
You're at your office, or home, and the doorbell rings... Read More
While there are many equally valid reasons to incorporate, saving... Read More
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