Latest Taxes articles

Tax benefits from home ownership come in the form of deductions. It's better to put your money into a house that you own than into a rent check you never see again. Financing your home can save money on your next tax return and so can the purchases made using money received from refinancing a mortgage. (Read more)

The pros and cons of using software to complete your tax return. (Read more)

Most people don't really look forward to filing their tax returns and paying their taxes. As it is, there really isn't much to look forward to because it is a tedious process that can take weeks to complete. Some people even have the bad luck to raise the interest of the IRS. The trouble is, most of these people's mistakes are not intentional. They just lack proper tax preparation, and in all prob... (Read more)

Few things threaten your well-being like the harassment and anxiety of persistent tax problems. Most people make 3 mistakes that get them in trouble with the IRS. They procrastinate. They attempt to represent themselves. They hire sub-par representation and now are in MORE need of help than ever before. These are the kind of services a Tax Attorney can provide: Offer in Compromise Cases, Penalty ... (Read more)

First thing Monday morning I'm going to march into my boss's office and demand a pay cut so that I'll be in a lower tax bracket next year. Profits are the holy grail of investing. Few people will admit just how infrequently they have experienced them or, conversely, just how frequently they have watched them disappear beneath the waves of a correction. (Read more)

Debt Resolution, IRS Settlements Offer Help for Serious Tax Problems San Mateo, Calif., - With tax day behind us, consumers and business owners who owe the IRS are not out of the woods. But while death and taxes are the big two inevitabilities, those with serious tax problems should know that it is possible to negotiate with the IRS to reduce past-due tax penalties and payments, according to Brad... (Read more)

Taxes are a way of American life. They are own duty to pay and file. Many people go in search of someone to help them when tax time rolls around. Tax help seems to be in abundance from January 1st to April 15th. Unfortunately, some tax help is best avoided. Other times the tax help is something that many people have no idea how to find. Getting the biggest benefit from tax help depends why you nee... (Read more)

Starting an ecommerce business? Consider these tax tips from bestselling author and CPA Stephen L. Nelson (Read more)

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. (Read more)

People are starting to use their IRAs for direct real estate investment... Does this make sense? What are the tax traps? CPA and tax professor Stephen L. Nelson explains the basics. (Read more)

On September 23, 2005, the Internal Revenue Service began sending notices to tax payers in thirteen states that there may be a problem with their tax payments. Here is the scoop. (Read more)

Just the thought of taxes can scare people out of their minds. You have to keep all your records and documents in order to be able to file easier at the end of the year. Home business owners have their own set of allowable deductions that differ from other businesses. You have a chance to save a lot of money by knowing how to take advantage of you home business situation. Know what your deduction... (Read more)

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 possibility of a business ending lawsuit. Forming a corporation is Step One on the path known as "Asset Protection" -- you are moving from the world of unlimited liability to the world of limited liability. (NOTE... (Read more)

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. (Read more)

“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 Earned Income credit, a real refund of overpay... (Read more)

If you work in a service where you get tips, guess what? The IRS expects you to report them and pay taxes on them. (Read more)

You may have a less taxing time this April if you let computer software do much of the hard work filing with the IRS. (Read more)

Capital is a unique term when it comes to taxes. If it gains value, you pay a tax. If it loses it, you can write at least some of the loss off. (Read more)

Historically, tax issues arising from bad marriages fell into the category of “better or worse” for marriages. The IRS granted no innocent spouse tax relief, but has changed its views. (Read more)

The end of year tax return must be the most stressful part of running your own business. It is even worse if you have earnings abroad and have to fill in tax returns from those countries as well. How can you make life easier? 1. Start an accounts system. This can be in a hardbck ruled ledger that you can buy from any stationery store. 2. Keep receipts for everything. Enter these into your accou... (Read more)