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
Own residential rental properties? This article discusses how income from those properties impacts your taxes.What Constitutes Revenue?Generally, rental income is defined as any revenue you receive from the occupancy or use of residential property. Rent, obviously, is included in that revenue. Many owners are surprised to learn revenue also includes... Read More
Emerging Legal issues of Tax compliance of e-business Self-assessment system relies on taxpayers voluntarily meeting their tax obligations by tax payee. This concept is recognised in all tax statutes, which sets out taxpayers' primary obligations to fill tax return on self-assessment, and clearly spells out that taxpayers are required to... Read More
Each year, the IRS lists various scams taxpayers get caught up in. The top 2005 scams include several that manipulate laws governing charitable groups, abuse credit counseling services or rely on refuted arguments to claim tax exemptions. The agency is warning taxpayers about the growth of identity theft schemes with... Read More
If you have recently started an Internet or home business, your probably a little intimidated by having to submit a tax return and the possibilities of being audited. Simply follow these guidelines and rest assured that filing your next tax return will go smoothly.Get yourself an accounting ledger bookletThe first... 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
In trying to comply with tax laws for your e-business, you may find yourself falling down the rabbit-hole, going through the looking glass, and attending a Mad Tea-Party.Common sense, logic, and fairness never did apply fully to the field of taxation but this is especially true of e-commerce transactions.1. Canada... Read More
It may not be high on the list of wedding planning activities, but there are a few simple steps that can help keep tax issues from interrupting your newly wedded bliss. If you recently married, check out your new tax situation. You might save money or even prevent the problem... Read More
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
As a gentleman was leaving my class recently, he wanted me to clarify something I had said. He was making sure that he should take his four or five thousand dollar tax refund and pay off debt.I was stunned. This money represented $400-$500 that could have been in his pocket... Read More
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Tilting the Tax Laws in Your Favor.In order to accelerate... Read More
Does your incorporated business pay alternative minimum tax ["AMT]? If... Read More
If you have recently started an Internet or home business,... Read More
It's a moment every person dreads. You pick up the... Read More
The federal tax code is complex. This complexity generally arises... Read More
QUESTION: I have been contacted by my local city... Read More
The Internal Revenue Service has certified the 2006 Toyota Highlander... Read More
Q: I was contacted by the city tax collector to... Read More
In the largest criminal tax case ever filed, KMPG has... Read More
Small Businesses Filing Amended Federal Tax Returns to... Read More
You've been feeling uneasy (perhaps even guilty) because you've failed... Read More
Deduction of Refinance PointsAny points that you pay in the... Read More
Newlyweds and the recently divorced should make sure that names... Read More
Estate taxes. It's not enough to simply know they exist,... Read More
The powers of Congress, and the limitations set upon those... Read More
As tax time approaches, many home-based business owners begin completing... Read More
The means and types of businesses have transformed with advent... Read More
Are you in the middle of a disagreement with the... Read More
Do you realize that some tax forms ask you to... Read More
We need real tax reform and we need it now.... Read More
The knock on the door from a Tax Inspector is... Read More
As a gentleman was leaving my class recently, he wanted... Read More
So, you were pleasantly surprised to learn that you are... Read More
Misconceptions, misinterpretations and just plain "untruths" are floating about income... Read More
Many small businesses complain when confronted with the expense of... Read More
In the rush to get tax returns prepared and filed... Read More
Let's assume that you would like to begin saving for... Read More
Background issues of access to recordsTo assess the records at... Read More
On June 3, 2005, the IRS released guidance on charitable... Read More
As teachers and students head back to school following a... Read More
Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax... Read More
If your like many, you don't always understand what people... Read More
As your business grows, you are going to need help.... Read More
If your identity is stolen, your finances can quickly become... Read More
Millions of people file tax return extensions every year. The... Read More
Does your incorporated business pay alternative minimum tax ["AMT]? If... Read More
Newlyweds and the recently divorced should make sure that names... Read More
Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing... Read More
Taxpayers have two easy and convenient options for getting copies... Read More
"What we've got here is a failure to communicate." ... Read More
Following is a reproduction of the IRS's rules and requirements... Read More
Beware of advertisements that claim to settle tax debts for... Read More
The means and types of businesses have transformed with advent... Read More
With the massive losses caused by Katrina, the economy of... Read More
Many Americans believe that an IRS debt is a debt... Read More
Strategic planning throughout the year results in a minimal tax... Read More
If your like many, you don't always understand what people... Read More
The Sarbanes-Oxley Act, also called the Public Company Accounting Reform... Read More
Should I take wages or dividends from my privately owned... Read More
The electronic transaction ordinance defines the certificated copies in which... Read More
All states also have their own tax system. Typically there... Read More
One way to maximize your business profits is by reducing... Read More
In the rush to get tax returns prepared and filed... Read More
Q: I was contacted by the city tax collector to... Read More
Anyone who is closely related to an accountant knows that... Read More
Choosing the right tax preparer for your business is a... Read More
Each year, the IRS lists various scams taxpayers get caught... Read More
It's a major fear for most Americans: A notice from... Read More
Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This... Read More
April 15 - The most dreaded day of the year... Read More
Marketing is a necessary expense in running practically any business... Read More
Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax... Read More
In a past article I relayed the plight of the... Read More
If your business has employees, you must pay employment taxes.... Read More
In the largest criminal tax case ever filed, KMPG has... Read More
Have you been thinking about incorporating your small business or... Read More
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