Small Business Tax Deduction - Write-Off Bad Debts
Practically every small business has receivables that it cannot obtain from clients. If your small business doesn't have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can be taken from the fact you can claim a tax deduction.Bad Debt Tax DeductionA small... Read More
Amending Procedural Laws for Collection of E-taxation
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
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
Get Uncle Sam To Pay $36,000 For Your Childs Education!
Let's assume that you would like to begin saving for your children's education fund. At the end of each year, for the next 8 years, you will contribute $2,000 into a Coverdell Education Savings Account (Education IRA), using your after-tax dollars. The money grows tax-free, and neither the contribution nor... 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
Early Distributions From Retirement Plans
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
Taxation of Forgiven Debt: The 1099C & You
Often people fall on hard times and stop paying on credit cards. After a while the account may go to an outside debt collector who might offer a settlement of the debt for 30-40% of theoriginal sum. Once this is paid, the debtor often thinks the matter is closed, but... 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
To Tax or Not to Tax - This is the Question
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
Tax Investigation - What You Need To Do
The knock on the door from a Tax Inspector is something that every taxpayer fears. Your immediate thoughts will be "Have I been honest with my tax returns or not". So what do you do? First, don't panic. Second, sit down and work out your next steps so you can... Read More
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Tax Help Secret: Avoiding the Entreprenuers Curse
Your days as an entrepreneur and businessperson are consumed with... Read More
Amending Procedural Laws for Collection of E-taxation
The electronic transaction ordinance defines the certificated copies in which... Read More
IRS Lock-In Letters ? What?s An Employer To Do?
Employers often ask employees to designate the amount of tax... 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
Rental Property Tax Deductions
Own residential rental properties? This article discusses how income from... 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
How to Maximize Your Home Business Tax Deductions for 2005
Someone once said, 'the best way to calculate your taxes... Read More
Donating Cars To Charity - New Tax Rules
On June 3, 2005, the IRS released guidance on charitable... Read More
Tips and Simple Guidelines on How to Calculate Payroll Taxes
Managing a business small, medium or big requires you to... Read More
Take Control of Your Taxes
As everyone in the U.S. knows, we have just passed... Read More
Understanding Marketing Tax Deductions
Marketing is a necessary expense in running practically any business... Read More
Furnishing Evidence in E-Tax Compliance
Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This... Read More
Taxation of Isle of Man Companies from April 2006
At the present time a company incorporated in the Isle... Read More
Understanding Basic Tax Terms
If your like many, you don't always understand what people... Read More
Navigating The Internet Sales Tax Laws
QUESTION: I have been contacted by my local city... Read More
Small Businesses Filing Amended Federal Tax Returns to Recover Money
Small Businesses Filing Amended Federal Tax Returns to... Read More
Euro Tax Haven Threat
Media reporting of a new EU savings tax directive has... Read More
Rearrange Your Affairs For Maximum Tax Savings
One way to maximize your business profits is by reducing... Read More
Save Money on Taxes - Is the Only Way to Get Your Tax Savings is to Sleep With an IRS Agent?
Tilting the Tax Laws in Your Favor.In order to accelerate... Read More
Organizing Your Taxes
Does this scene sound familiar? It's April 7. You haven't... 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
Highlights of IRS List of 2005 Tax Scams
Each year, the IRS lists various scams taxpayers get caught... Read More
Taxation of Forgiven Debt: The 1099C & You
Often people fall on hard times and stop paying on... Read More
Knock-Knock-Knock
Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax... Read More
Business Tax Loophole: Leasing Assets To Your Corporation
While there are many equally valid reasons to incorporate, saving... Read More
1031 Exchange Rules and Requirements
Following is a reproduction of the IRS's rules and requirements... 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
Small Businesses: Company Car Vs. Personal Mileage Reimbursement In Hurricane Katrinas Wake
With gas prices at an all time high before Hurricane... Read More
Early Distributions From Retirement Plans
An early distribution from an Individual Retirement Arrangement (IRA) or... Read More
Small Business Tax Issues for Self-Employed Individuals
The United States is a nation of entrepreneurs. There are... Read More
What Is Tax Law?
The federal tax code is complex. This complexity generally arises... Read More
Identity Theft ? Impacting Your Taxes?
If your identity is stolen, your finances can quickly become... Read More
Tax Secrets - How Drew Miles Helped Me
How about a Tax Tip?As we all know Taxes are... Read More
Tax Trap #4 -- The Quagmire of Depreciation
If you are a Small Business Owner or Self-Employed Person,... Read More
Fraudulent Tax Shelters ? KMPG Goes Down Hard
In the largest criminal tax case ever filed, KMPG has... Read More
How To Get An Instant Pay Raise
As a gentleman was leaving my class recently, he wanted... Read More
Send Your Kids To Summer Camp and Write It Off
If you paid someone to care for a child so... Read More
Small Business Tax Deductions for Year End 2004
As a small business owner, it's wise to familiarize yourself... Read More
The Annual Gift Tax Exclusion: Getting The Edge
Whether helping the kids with a down payment on their... Read More
Surprising Truths About Tax Preparers
Choosing the right tax preparer for your business is a... Read More
10 Thoughts on Tax Offer in Compromise
Beware of advertisements that claim to settle tax debts for... Read More
IRS Offer-in-Compromise, Hype or Hope?
"Settle for Pennies on the Dollar! IRS debts settled for... Read More
Are You An Innocent Victim of These Popular Myths?
Misconceptions, misinterpretations and just plain "untruths" are floating about income... 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
Get Uncle Sam To Pay $36,000 For Your Childs Education!
Let's assume that you would like to begin saving for... Read More
The Internet Tax Man Cometh
Q: I was contacted by the city tax collector to... 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
The Tax Man Cometh... To Search
You're at your office, or home, and the doorbell rings... Read More
Navigating The Internet Sales Tax Laws
QUESTION: I have been contacted by my local city... Read More
History Of The Federal Income Tax
The powers of Congress, and the limitations set upon those... Read More
2005 Ford Escape Hybrid Certified For Clean-Fuel Deduction
If you are environmentally conscious and purchase a 2005 Ford... Read More
IRS Certifies 2006 Toyota Hybrid for Clean Fuel Deduction
The Internal Revenue Service has certified the 2006 Toyota Highlander... Read More
Failure To Pay Employment Taxes ? Penalties
As an employer, you must pay employment taxes if you... Read More
Military Reservists, Enlistees May Get Deferral of Back Taxes
Reservists called to active duty and enlistees in the armed... 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
Furnishing Evidence in E-Tax Compliance
Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This... Read More
Correspondence From The IRS ? Yikes!
It's a moment every person dreads. You pick up the... 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
Fiscal Deity: Tax Consultant
Strategic planning throughout the year results in a minimal tax... 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
Tax Tips for Home-Based Business Owners
As tax time approaches, many home-based business owners begin completing... Read More
Back To School ? Educators Deduct School Expenses
As teachers and students head back to school following a... Read More
Your IRS Tax Appeal Rights
Are you in the middle of a disagreement with the... Read More
Tax Deduction for Alimony Payments? - Yes!
Over 50% of marriages end in divorce in the United... Read More
Rental Property Tax Deductions
Own residential rental properties? This article discusses how income from... 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
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