1). Decoding the IRS Dependent Rules! How Do I Know When to Claim a Dependent? By : Timothy Rea
Taxes can be confusing to anyone, whether you’ve been paying the IRS for years or this is your first time. The IRS doesn’t have to be an "evil" entity, if you know how taxes work and where you can take deductions. This article looks at some of the general questions people have in regards to tax credits and how to deal with personal businesses.
2). Small Business Tax Deductions - Top 5 By : Mike Singh
With tax season just around the corner it is never too early to start thinking about available tax deductions. Which deductions can you claim this year? Find out more ...
3). What Would It Mean To Pass The FairTax Plan? By : John DeJong
How would you like to keep one hundred percent of everything you earn? That is one hundred percent of your paycheck, your savings interest, your inheritance, your winnings and any money given to you from a benefactor. How much would you like never to have to worry about tax laws, deadlines, audits, penalties and punishments?
4). New Laws on Donating a Car By : Jessica Deets
It is advisable for a car donor to discuss with his tax advisor before putting his efforts and acts together to donate a car. Donating a car is no longer treated as a very desirable tax deduction option with the new laws taking effect.
5). Income Tax Software - The Best Ones On The Market By : Mike Singh
There are several income tax software programs available on the market to help you complete your yearly taxes. But, which one is right for you? Find out ...
6). Tax Planning - What Filing Choices Are There? By : Richard Callaby
Taxes is a share of government from the individuals income and in return tax payer gets better community and social services, better infrastructure, security of himself and other nationals and clean environment.
7). A Simple Introduction To Filing Electronic Taxes By : Keisha Seaton
Our current topic of discussion, is electronic tax filing, it makes use of the digital nervous system of the tax department, and in simple terms, it is the World Wide Web’s way of filing your tax returns.
8). Why Our Political Leaders Should Embrace the Fair Tax Plan. By : John DeJong
The Fair Tax Plan (HR.25/S.25) has been out for well over a year now and yet there are still many people who have never even heard of it. One would think that a plan as bold and beneficial as this would be sounded from one coast to the next. Yet that is not the case. As a point of fact there are many liberal political leaders who continually ridicule the Fair Tax Plan whenever it is mentioned.
9). Using This Years Taxes to Save On Next Years Taxes By : Richard A. Chapo
You just got done paying taxes or filing an extension and are grumpy. If you are smart, you will use this miserable event to save some cash for next year.
Using This Years Taxes to Save On Next Years Taxes
For most people, preparing and filing taxes is the equivalent of sticking a pin in a body part. It simply is not fun....
10). What to Do If You Can’t Pay Your Taxes By : Richard A. Chapo
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.
You can charge your taxes on your American Express, MasterCard, Visa ...
11). Adult ADD And Taxes By : John MacKenzie
I know you still have about three months until you have to file your U.S. tax forms, but now is a good time to think about taxes. Many adults with ADD would rather scrub the floor with a toothbrush then work on preparing their taxes. Here are some tips to help make taxes less taxing: (pardon the pun)
1. Set up a folder ( green, black, or red...
12). Create Tax Savings And Transfer Wealth To Your Child With A Roth IRA By : Richard A. Chapo
Parents must give serious thought to protecting their family through estate tax planning. While life insurance and trusts should be a part of every plan, Roth IRAs can be a simple tool for passing money to your child on a tax-free basis.
First, we need a quick summary of the Roth IRA. A Roth IRA is an after-tax re...
13). Help Me Prepare My Taxes By : Richard A. Chapo
Nothing leads to more gnashing of teeth than the thought of preparing your own taxes. Fortunately, there are people out there that do it for a living.
Here Are My Receipts
If the thought of preparing your own taxes makes you queasy, don’t worry. Preparing your taxes is a job that can be shipped out to others. These indivi...
14). Identity Theft – Impacting Your Taxes? By : Richard A. Chapo
If your identity is stolen, your finances can quickly become a nightmare. A less obvious problem is the effect identity theft can have on your taxes.
Generally, thieves steal your personal data for the purpose of running up credit card charges or opening and abusing new accounts. A developing trend in the id...
15). The Skinny on 1031 Exchange: Maximizing Profits by Minimizing your Tax Liability By : Dan Johnson
A 1031 exchange refers to Section 1.1031 of the Internal Revenue Code which was passed in 1990. Normally, when you sell all real and personal property, the tax code requires the payment of the Capital Gains Tax. That is to say, when you sell your office for $100,000 more than you bought it for, you must pay the gains upon those earnings. However, a...
16). IRS Obtains More Than 100 Injunctions Against Tax Scheme Promoters By : Richard A. Chapo
The IRS has obtained civil injunctions against more than 100 promoters of illegal tax avoidance schemes and fraudulent return preparers in an ongoing crackdown that began in 2001. Many of the injunctions, obtained in cooperation with the Department of Justice, also order the promoters to turn over client lists and to cease preparing federal income ...
17). Small Business Tax Issues for Self-Employed Individuals By : Richard A. Chapo
The United States is a nation of entrepreneurs. There are literally tens of millions of self-employed individuals that enjoy pursuing their dream business. Of course, few of you enjoy the paperwork and confusing tax issues that arise from owning your own business.
Many self-employed individuals are considered "sole proprietors" or "ind...
18). Are You Overpaying Taxes If You Use Tax Preparation Software? By : Richard A. Chapo
For many business owners the answer to this quandary is tax preparation software. Fill out a fairly simple interview, click “print” and out comes a completed return that will pass muster with the IRS. The answer to all your problems…or is it?
Can One Software Program Cover All Businesses?
Take a moment to consider the wide...
19). Appealing your property taxes for apartment/commercial owners By : Patrick OConnor, MAI
Property taxes are one of the largest line item costs incurred by apartment owners. However, many owners do not appeal effectively. Even though owners realize that property taxes can be managed and reduced through an appeal, some view taxes as an arbitrary estimate provided by the government which can't effectively be appealed. It tends to boil dow...
20). Obtaining a Federal Income Tax Refund By : K Hoyng
“You’re getting an income tax refund”! Those are the words that every taxpayer would love to hear. A federal income tax refund occurs if the tax you owe is less than the sum of the total amount of refundable tax credits claimed and the total amount of withholding paid. For many individual taxpayers those federal tax refunds can be obtained through ...
21). Tips For Preparing Your Taxes from the Internet By : Cal Golden
When it comes to preparing our taxes, many of us could use some help. The following websites offer guidance and information that may assist you in learning about how to get the most out of filing your returns.
Recommended by Forbes.com, Fairmark.com sia tax site dedicated to helping inve...
22). Tax Credit Amount for Lexus GS 450 Hybrid Issued By IRS By : Richard A. Chapo
Prior to January 1, 2006, you were restricted to claiming a $2,000 tax deduction if you purchased a hybrid car. Now you can claim a tax credit, which is much more valuable.
Tax Credit Amount for Lexus GS 450 Hybrid Issued By IRS
Conspiracy theorists often offer rather exotic arguments about how the government tries to cont...
23). Education Tax Credits for Higher Education By : K Hoyng
Is higher education costing you a fortune? There may be a way to help pay for those costs with the help of education tax credits. What are education credits, who is eligible, and why should we take them? Well, let’s start with the first part of the question, and work our way to the end. Education credits are tax credits available for qualified educ...
24). Highlights of IRS List of 2005 Tax Scams By : Richard A. Chapo
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 some particularly bold thieves ...
25). Accountants And Accounting Software By : Frank Hague
Accounting is the measuring, and disclosure or provision of assurance about information that helps managers and other decision makers make resource allocation decisions. How to become an Accountant.
Accountants in the US are called Certified Public Accountants and in the UK and Canada are called Chartered Accountants.
26). Tax Returns - Should You Itemize? By : Richard A. Chapo
When you finally decide it is time to prepare your taxes, the first question is whether you should itemize your deductions or take the standard deduction provided by the IRS.
Tax deductions are a very simple part of a theoretically simple tax reporting system. If you’ve ever prepared your own taxes, you ...
27). Employment Taxes – What Are They? By : Richard A. Chapo
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 withholding
2. Social Securit...
28). How To Avoid Those Mind-Boggling Depreciation Rules By : Wayne M. Davies
Tired of dealing with those complex depreciation rules? Thanks to recent tax law changes, here's how to avoid them completely while benefiting from a lucrative small business tax break that not only puts money in your pocket, but also makes the filing of your income tax return much simpler.
What am I talking about? It's called the Sect...
29). Small Business Tax Deduction - Write-Off Bad Debts By : Richard A. Chapo
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 Deduction
30). Stupidest Tax Mistakes To Avoid This Time Around By : paul wilson1
As the season to fill tax returns and forms approaches people get confused and nervy. The IRS dons the role of a huge brooding monster that is all set to devour you. Unfortunately most of us keep postponing filing of papers and putting our affairs in order until the very last minute and then confusion and stress reign supreme.
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