SFR Substitute for Returns: IRS Action on Non-Filers
In the latest Star Wars episode, the evil empire executes a brutal revenge on the Jedi. While the IRS is not an evil empire (and due to the Revenue Reform Act of 1998 not very brutal anymore); it too is executing revenge on those who do not comply with filing... Read More
Tax Trap #5 -- Ignoring The IRS (and the 5 best ways to contact them!)
We all love to criticize the IRS, don't we? And I'm just as guilty as anyone. It's easy to ridicule a huge organization of government bureaucrats who often seem to be Public Enemy #1.Our negative attitude toward the IRS can lead to a strong desire to just ignore it altogether.... Read More
Seven Key Tax Deductions for the Self Employed
As a sole proprietor, it's wise to familiarize yourself with the some key deductions that may reduce your tax bill for 2004.Small-business consultants generally recommend that you hire an accountant to prepare your tax returns, payroll and financial statements. But you should also meet with your accountant well before the... Read More
Fraudulent Tax Shelters ? KMPG Goes Down Hard
In the largest criminal tax case ever filed, KMPG has copped a plea to using fraudulent tax shelters to bilk the government out of 2.5 billion dollars. KMPG has agreed to pay a fine of $456 million dollars, but nine of its executives still are under indictment.Son of Boss Tax... 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
Tax Trap #2 -- Double Taxation: Isnt Once Enough?
Have you been thinking about incorporating your small business or self-employment activity? The advantages are many!For starters, you'll be protecting yourself and your family from the possible of a business ending lawsuit. Forming a corporation is Step One on the path known as "Asset Protection" -- you are moving from... 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, nothing is quite so satisfying as an income tax refund." There's no question that saving money in taxes is high on everybody's list of financial priorities, especially small-business owners.Taxes are an inevitable - and painful - part of every business... 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
Anticipating Your IRS Refund Can Cost You Plenty
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
History Of The Federal Income Tax
The powers of Congress, and the limitations set upon those powers, are set forth in Article I of the United States Constitution. Section 8 specifies both the power to collect, "Taxes, Duties, Imposts and Excises," and the requirement that, "Duties, Imposts and Excises shall be uniform throughout the United States."One... Read More
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|||
Knock-Knock-Knock
Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax... Read More
Slash Tax when Buying a Business
When buying a business, how the "purchase price" is made... 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
Identity Theft ? Impacting Your Taxes?
If your identity is stolen, your finances can quickly become... Read More
Another Tax Loophole
Just image, you are a small manufacturing company, business has... 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
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
How to Donate Your Car to Charity and Get Tax Deduction
Donating your used car to charity is a win-win situation;... Read More
How To Claim CHILD TAX CREDIT The Right Way And Add An Extra $2,000 To Your Refund
The U.S. Department of Agriculture estimates that it costs nearly... Read More
Take Control of Your Taxes
As everyone in the U.S. knows, we have just passed... 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
Where to Find Tax Breaks for Your Home Based Business
April 15th looms in front of most people every year... Read More
Electronic Commerce Taxation and Pakistan
Assume a buyer in Pakistan downloads software from the Internet... Read More
The Seven Deadly Tax Sins: Commonly Missed Deductions
It's that time again, the April 15 tax deadline is... Read More
Home Business Tax Tips
If you have recently started an Internet or home business,... Read More
Understanding Marketing Tax Deductions
Marketing is a necessary expense in running practically any business... Read More
Tax Jokes and Quotes
Do you realize that some tax forms ask you to... Read More
Hurricane Katrina ? How To Use Your Business Loss To Get A Refund on 2004 Taxes
With the massive losses caused by Katrina, the economy of... Read More
Tax Strategy - Let Washington Pay for Your Corvette, Porsche, or Air Plane
Deducting Your Auto ExpensesAuto deductions are a very complex topic.... Read More
How to Maximize Your Home Business Tax Deductions for 2005
Someone once said, 'the best way to calculate your taxes... Read More
SFR Substitute for Returns: IRS Action on Non-Filers
In the latest Star Wars episode, the evil empire executes... Read More
Donating Cars To Charity - New Tax Rules
On June 3, 2005, the IRS released guidance on charitable... 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
Surprising Truths About Tax Preparers
Choosing the right tax preparer for your business is a... Read More
About Income Taxes; Tidbits
1812The first attempt to impose an income tax on America... Read More
Getting A Second Extension to File 2004 Taxes
Millions of people file tax return extensions every year. The... Read More
Gambling Income and Expenses - Tax Requirements
Hit a big one? With more and more gambling establishments,... Read More
IRS Reports Tax Gap of $300 Billion
The Internal Revenue Service is reporting that the difference between... Read More
IRS Certifies 2006 Toyota Hybrid for Clean Fuel Deduction
The Internal Revenue Service has certified the 2006 Toyota Highlander... Read More
Requirements To Produce Tax Information (Whats Up With That?)
"What we've got here is a failure to communicate." ... Read More
Employment Taxes ? What Are They?
If you have employees, you are responsible for paying a... Read More
Alas! In E-Commerce Taxland
In trying to comply with tax laws for your e-business,... Read More
About Income Taxes; Tidbits
1812The first attempt to impose an income tax on America... Read More
Deducting Points On Home Refinances
Deduction of Refinance PointsAny points that you pay in the... Read More
Employment Taxes ? Depositing With The IRS
If your business has employees, you must pay employment taxes.... Read More
Knock-Knock-Knock
Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax... 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
Getting A Second Extension to File 2004 Taxes
Millions of people file tax return extensions every year. The... Read More
IRS Statute of Limitations: Do Taxes Ever Expire?
Many Americans believe that an IRS debt is a debt... Read More
Small Business Tax Deductions for Year End 2004
As a small business owner, it's wise to familiarize yourself... Read More
Fiscal Deity: Tax Consultant
Strategic planning throughout the year results in a minimal tax... Read More
Tax Records - What You Should Keep And For How Long
Many taxpayers are confused about how long they should keep... Read More
Know A Tax Cheat? Get Paid To Tell The IRS
According to the IRS, taxpayers underpay their taxes by some... Read More
How To Claim CHILD TAX CREDIT The Right Way And Add An Extra $2,000 To Your Refund
The U.S. Department of Agriculture estimates that it costs nearly... Read More
The Tax Man Cometh... To Search
You're at your office, or home, and the doorbell rings... Read More
Back To School ? Educators Deduct School Expenses
As teachers and students head back to school following a... Read More
Surprising Truths About Tax Preparers
Choosing the right tax preparer for your business is a... Read More
Tax Secrets - How Drew Miles Helped Me
How about a Tax Tip?As we all know Taxes are... Read More
Need a Copy of Your Tax Return Information?
Taxpayers have two easy and convenient options for getting copies... Read More
Your IRS Tax Appeal Rights
Are you in the middle of a disagreement with the... Read More
Tax Tips for Home-Based Business Owners
As tax time approaches, many home-based business owners begin completing... Read More
Donating Cars To Charity - New Tax Rules
On June 3, 2005, the IRS released guidance on charitable... 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
What the Tax Software Companies Dont Want You to Know
Haven't done your taxes yet? No problem. Now there is... Read More
Organizing Your Taxes
Does this scene sound familiar? It's April 7. You haven't... Read More
What to Do If You Can?t Pay Your Taxes
The end of tax filing extensions is quickly approaching. What... Read More
Complaince of Tax Return in Electronic Commerce Taxation
Emerging Legal issues of Tax compliance of e-business Self-assessment system... Read More
Tax Reduction Tips
In the rush to get tax returns prepared and filed... Read More
Are You An Innocent Victim of These Popular Myths?
Misconceptions, misinterpretations and just plain "untruths" are floating about income... 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
Another Tax Loophole
Just image, you are a small manufacturing company, business has... 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
Early Distributions From Retirement Plans
An early distribution from an Individual Retirement Arrangement (IRA) or... Read More
How to Maximize Your Home Business Tax Deductions for 2005
Someone once said, 'the best way to calculate your taxes... Read More
Are You Overpaying Taxes If You Use Tax Preparation Software?
For many business owners the answer to this quandary is... Read More
Tax |