Over 50% of marriages end in divorce in the United States. Many divorce decrees include provisions for the payment of alimony. The IRS takes the position that such payments constitute a form of income and create an alimony tax deduction for the person making payments.According to the IRS, alimony payments... 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
As your business grows, you are going to need help. This help comes in the form of employees and independent contractors. What you can write-off is dependent upon how your helper is classified ? as an employee or independent contractor.Independent ContractorWhenever possible, you want to use independent contractors to assist... Read More
No one likes paying tax. Everyone understands that tax is a necessary evil and that without it our government would not be able to afford our roads, health services, education, welfare system etc. However you are not obliged to pay more tax than that for which you are legally liable.Here... 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
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
So, you were pleasantly surprised to learn that you are getting a refund on your taxes. Congratulations! The question for most taxpayers expecting a return is, "Where is my refund?"Check Your Refund Status OnlineThe easiest way to check on your refund is to ask the IRS through IRS.gov. On the... Read More
Excerpted from the new book, "How to Do Space Age Work with a Stone Age Brain" TMThe complete article with pictures and sample Auto Log is available at www.organize.comEvery year American companies lose millions of dollars in productivity to employees who end up taking their own personal time off to... Read More
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
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
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Deduction of Refinance PointsAny points that you pay in the... Read More
Misconceptions, misinterpretations and just plain "untruths" are floating about income... Read More
If you have recently started an Internet or home business,... Read More
In a past article I relayed the plight of the... Read More
Emerging Legal issues of Tax compliance of e-business Self-assessment system... Read More
The means and types of businesses have transformed with advent... Read More
As a gentleman was leaving my class recently, he wanted... Read More
Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing... Read More
Whether helping the kids with a down payment on their... Read More
QUESTION: I have been contacted by my local city... Read More
Someone once remarked, "Next to being shot at and missed,... Read More
While accountants are reaching for aspirin, millions of Americans are... Read More
Often people fall on hard times and stop paying on... Read More
Running a home based business reaps many wonderful tax deductions... Read More
One way to maximize your business profits is by reducing... Read More
Marketing is a necessary expense in running practically any business... Read More
Choosing the right tax preparer for your business is a... Read More
Hit a big one? With more and more gambling establishments,... Read More
Most people trying to make a crust online (or offline... Read More
One of the most important, but least understood or appreciated... Read More
Should I take wages or dividends from my privately owned... Read More
If you paid someone to care for a child so... Read More
As we enter mid-March, taxpayers begin to become very interested... Read More
No one likes paying tax. Everyone understands that tax is... Read More
The United States is a nation of entrepreneurs. There are... Read More
Millions of people file tax return extensions every year. The... Read More
Many small businesses complain when confronted with the expense of... Read More
All states also have their own tax system. Typically there... Read More
Background issues of access to recordsTo assess the records at... Read More
So, you were pleasantly surprised to learn that you are... Read More
Reservists called to active duty and enlistees in the armed... Read More
Many taxpayers are confused about how long they should keep... Read More
One can never underestimate the enthusiasm that politicians have for... Read More
As a small business owner or self-employed person, one of... Read More
Millions of people file tax return extensions every year. The... Read More
You're at your office, or home, and the doorbell rings... Read More
Background issues of access to recordsTo assess the records at... Read More
All states also have their own tax system. Typically there... Read More
In trying to comply with tax laws for your e-business,... Read More
If you are environmentally conscious and purchase a 2005 Ford... Read More
Managing a business small, medium or big requires you to... Read More
Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing... Read More
Adding Your First Additional Stream of IncomeMost new wealth builders... Read More
An early distribution from an Individual Retirement Arrangement (IRA) or... Read More
To tax or not to tax - this question could... Read More
Many Americans believe that an IRS debt is a debt... Read More
If your identity is stolen, your finances can quickly become... Read More
As tax time approaches, many home-based business owners begin completing... Read More
Anyone who is closely related to an accountant knows that... Read More
Q: I was contacted by the city tax collector to... Read More
You've been feeling uneasy (perhaps even guilty) because you've failed... Read More
Many taxpayers are confused about how long they should keep... Read More
In the rush to get tax returns prepared and filed... Read More
As a sole proprietor, it's wise to familiarize yourself with... Read More
Own residential rental properties? This article discusses how income from... Read More
Let's assume that you would like to begin saving for... Read More
Your days as an entrepreneur and businessperson are consumed with... Read More
Does this scene sound familiar? It's April 7. You haven't... Read More
At the present time a company incorporated in the Isle... Read More
Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This... Read More
"Depreciation." For business owners, this word is the one most... Read More
"Settle for Pennies on the Dollar! IRS debts settled for... Read More
With gas prices at an all time high before Hurricane... Read More
IRS Tax forms can be confusing.Am I a 1099 or... Read More
Have you been thinking about incorporating your small business or... Read More
One of the most important, but least understood or appreciated... Read More
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