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Use Tax Credits To Help Finance Your College Education
Students are always on the lookout for ways to help pay or offset the cost of their tuition. There are various government grants and scholarships available to you if you qualify. But what if you dont...
Who's on Your Tax Lien Investing Team?
Are you feeling overwhelmed? Have you been wanting to start investing in tax lien certificates or tax deeds but dont know where to start. Every successful endeavor requires a support team. Tax lien investing...
Tax Preparation and Electronic Tax Preparation Options
Just in time for tax season you will find yourself presented with this years editions of popular tax preparation programs that promise to make tax filing a breeze for the average person. Which one is right...
Tax Invoice
A tax invoice is a legal document that offers a look at what the GST is for a transaction. Read on to learn about your obligations for issuing, holding, and supplying the different types of tax invoices.You...
Avoid Annuity Tax Problems
Millions of investors own retirement annuity accounts but few are aware of the tax implications when the annuity is passed to an heir or beneficiary. A little known tax fact is that income tax on an individually...
What is a Tax Lien and How Can You Profit From It? Frequently Asked Questions About Tax Liens
1. What is a Tax Lien Certificate? A tax lien is the name of the claim that a taxing authority, such as the local or federal government, makes when an individual has not paid taxes for a lengthy amount...
Truly Bizarre Taxes: The Tax on Illegal Drugs
One can never underestimate the enthusiasm that politicians have for trying to hunt up tax revenues. The creativity of some politicians can lead to bizarre taxes and unfortunate results.Taxes on Illegal...
What Happens If You Give More Than $12,000 To Someone in 2006?
In an earlier article, we discussed the annual gift tax exclusion and how it works. In summary, we said that you could give up to $12,000 in cash or property to any one person during 2006 and not have...
Four Critical Things You Should Demand From A Tax Professional
1.COMPETENCE AND CREDIBILITYIt is very important that you research the credentials ofthe person you have preparing your taxes. Look forcredentials such as enrolled agent or CPA, which will giveyou some...
Getting The Biggest Benefit From Tax Help
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...
Corporate Profits Are Moving Offshore
Corporate Profits Are Moving OffshoreByWilliam CatePublished September 2004[http://home.earthlink.net/~beowulfinvestments/][http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]According...
Estate Tax: What It Is And How It Is Filed
According to the Internal Revenue Service (IRS), an Estate Tax is a tax that is imposed on your right to transfer your property and belongings after your death. The individual who is in charge of handing...
The Role Of A Tax Collector
The County Tax Collector is as independent government agency and is elected for a four-year term in the Presidential election year. It is essential that a County Tax Collector is independent to ensure...
Child Tax Credit
Now, heres a real savings to the individual taxpayer with children. The child tax credit is a direct tax credit that is available to provide credit to taxpayers with income below certain established levels....
Is Tax Lien Investing Still Profitable?
Tax Lien Investing is not the secret of the wealthy anymore. Do to late night infomercials and high priced investment seminars that tout buying tax lien certificates as a high yielding investment, more...
Income Tax Season
The tax season for most all individual tax payers falls during January, February, and March each year. Its the time of year that most citizens look forward to receiving a refund or they dread because...
YEAR END TAX PLANNING AND PREPARATION FOR INDIVIDUALS - Tax Tips for 2004 including new tax relief due to the Working Families Tax Relief Act of 2004
Now is the best time to start thinking about your year end tax planning. These tax strategies can be put into effect by the end of the year and some as late as when the tax return is due. Planning now...
Tax Credits for Retirement Savings
It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering tax credits to change this for some of us.Tax Credits for Retirement...
Income Tax Software - The Best Ones On The Market
There are several income tax software programs available on the market to help you complete your yearly taxes. These programs offer tax tips, checklists, and error checking messages to ensure that required...
Tax Credit for Going Solar
As we sit in the middle of winter, most people cant believe how high their utility bills are. Going with solar energy can lower your bills and you get a hefty tax creditSolar Tax CreditSolar energy is...
Don't Forget About These Frequently Overlooked Tax Deductions
When an individual files their tax returns each year they are able to claim a number of tax deductions. Many times a tax deduction can reduce the amount of money that is owed to the Internal Revenue Service...
Income Tax Return Filing 101
The month of April rolls around and most of America is getting ready to prepare their income tax returns.Every year everyone who made an income are required to report income to the federal and state governments...
Options For Preparing Your Taxes
When tax season rolls around each year the are a number of individuals who need to decide how their tax returns will be prepared and filed. Each taxpayer has a number of tax preparation options. These...
How to Choose The Right Tax Software For You
If you already use some form of personal financial management software such as Quicken or Microsoft Money then it is worth buying tax software that is compatible with this and can incorporate the figures...
Tax Filing: "Scams That Tax Payers Need to Avoid"
Studies have shown that most of the tax agencies manipulate the tax laws and try to look for the loopholes in them for tax deductions and benefits. Getting involved in tax scams can be avoided if you understand...
How To Prepare Your Income Tax Return
The first step in your income tax preparation is to work out your total income. A persons total income includes many kinds of receipts such as wages, interest, alimony, lottery winnings and many more....
Last-Minute Tax Help
Even if in most cases people dont want to hear about the word "taxes" until March, preparing early and staying organized will give you no headaches later. But, for most of the people, the deadline is...
Unclaimed Tax Refunds: How To Claim Yours
When a taxpayer owes money on their taxes they need to pay the amount owed before the traditional April 15th deadline. If the amount owed on taxes is not paid before the deadline, then federal and state...
Honey, I Eliminated The Mortgage Interest Deduction - Plan 2
A bipartisan committee has made two recommendations to President Bush regarding tax reform. In this article, we take a look at the second option. Tax ReformA year ago or so, President Bush decided to spend...
Tax Preparation Software
Web-based tax preparation services have a few advantages over their desktop counterparts for certain categories of users. So, if you have avoided doing your taxes online until now, you should start considering...
What Is An Inheritance Tax And When Is It Applied?
When an individual passes, on the federal government imposes an estate tax. This estate tax only applies to estate properties that are over one million fifty thousand dollars. The federal government is...
Sales Tax: What It Is And How It Is Imposed?
A sales tax is a tax that is placed on the purchases of goods or services. The federal government does not have a national sales tax. Qualifying products or services are only taxable by a particular state...
Options For Filing And Reporting Small Business Taxes
Large and small businesses all around the United States are required to file and pay taxes. Small business taxes are applied and determined differently than those of larger corporations. To accurately...
Filing An Income Tax Return
When the month of April rolls around most of America is preparing their income tax returns. Each year all individuals who made an income are required to report that income to federal and state governments...
Helpful Tax Tips For Federal And State Tax Returns
Each year there are millions of Americans who prepare their own federal and state tax returns and even more individuals have their taxes professionally prepared. Whatever choice a taxpayer makes there...
Choosing A Business Tax Service
There are a number of ways that you can find tax services companies. The yellow pages is a good place to start for companies in your area but, depending on where you live, the list of names may be extremely...
Tax Deduction Software - Calculate Your Earnings
We all love computers and the fact that it exists to make our jobs simpler. And they have invaded the field of taxation like never before.A multitude of tax deduction software is available in the market...
A Quick Guide To Payroll Tax
The term Payroll tax actually includes the Social Security tax, Medicare tax and Federal income tax. The Social Security tax provides benefits for retired workers, the disabled their dependents and it...
Tax Software Alternatives
There are many different tax programs, which are adequate to different kinds of needs, so the users have various options. For taxpayers with more complex tax situations, TurboTax software would be the...
Increase Restaurant And Bar Profits By Collecting The Right Sales Tax
Smart Tax - The RIGHT Way Of Collecting Sales TaxThe HistoryInclusive sales tax has been around since the creation of the sales tax. It is simply selling the item with tax included in the price. This is...
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,...
Find the Right Service to Prepare Your Taxes
It is possible to save money on your tax preparation fees by doing some advance preparation of your own. Make sure that you organize your paperwork and receipts to save time and ensure nothing is missed....
Income Tax Help
There are many websites on the Internet today that gives much needed income tax help for those who have no idea of whats going on during tax time. Income tax is a tax paid on income, unfortunately no...
Small Business Tax Credit - Americans with Disabilities Act
Many small businesses complain when confronted with the expense of complying with the Americans with Disabilities Act. Most do not realize that there are a number of tax incentives available to offset...
Getting a Tax Credit for Your Kids
As you know, raising a family is a full time job and can put stress on your finances. Fortunately, you can claim a tax credit to help cut your IRS bill if you have kids.Getting a Tax Credit for Your KidsWith...
Tips For Preparing Your Taxes from the Internet
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...
Advantages And Disadvantages Of Using Tax Software
Each year millions of Americans have their taxes prepared by a professional tax preparer. Having tax returned professionally prepared reduces the likelihood of errors being reported on a tax return; however,...
How And Where To Find Valuable Tax Information
Taxpayers have two options when filing a federal or state income tax return. Taxpayers can have their tax returns professionally prepared or they can prepare their own taxes. Whatever tax preparation option...
Phone Tax Refunds to Range from $30 to $60
Phone Tax Refunds to Range from $30 to $60 Washington (Sept. 1, 2006) The Internal Revenue Service announced that long-distance telephone customers will be able to seek refunds ranging from $30 to $60...
IRS wants its cut of celebrity freebies
Outreach program reminds the beautiful people that nothing -- not even awards show swag bags filled with watches, electronics and trips -- is truly free. Movie stars who took home those lavish gift...
Is Selling On eBay Just A Hobby Or A Real Business?
Small Business Q&A with Tim KnoxQ: I made extra money selling things on eBay last year. These were items I picked up at yardsales mostly. My husband says I am responsible for paying income tax on the money...
What To Do If You Didn't Get a Form 1099
If you earned revenues as an independent contractor in 2005, you should have received a 1099 Form for the work. So, what if you havent received one? What To Do If You Didnt Get a Form 1099If you earned...
Get Help From A Tax Attorney
All the people have to handle tax problems, which can be very difficult if you have to manage these troubles by yourself. And things can get worse if one day the IRS comes knocking on your door. You dont...
Tax Lawyers: Why You Should Hire One And How To Do It
The services of lawyers are obtained daily throughout the United States. There are a wide variety of different lawyers including divorce lawyers, criminal lawyers, real estate lawyers, and even tax lawyers....
S Corporations - Filing The Election
Getting a corporation designated as an "S" can be a bit confusing. If you are committed to getting an "S" corporation, here is how you do it. "S" CorporationThe "S" in S corporation refers primarily to...
Who's Afraid Of The Big Bad IRS?
Whos afraid of the IRS?Lets face it: We All Are!And with good reason . . . IRS horror storiesabound, and we all know someone whos beenthrough an IRS audit and lived to tell about it.So the purpose of...
IRS Gives Employees and Employers Unique Way To Help Katrina Victims
The IRS has never been known as a creative beaurocracy. To promote donations to Katrina victims, however, it is being very creative. The IRS has come up with Hurricane Katrina Leave Donation Program to...
Do not let IRS make you Wait for the Wrong answer.
Its widely known that, if you hit a snag while doing your taxes you can call IRS for answers and you if you wait long enough you will get an answer, but is it the right answer?Quote: "Two years ago it...
IRS Fails as a Tax Adviser
The Internal Revenue Service conducted a study of the quality of telephone advice it provides to taxpayers. It found that only 27% of callers actually received complete answers to their questions. Almost...
Automatic Extension Requests For Businesses
The internal revenue service has recently been taking steps to cut down on clutter and streamline the tax filing process. Now theyve simplified business tax return extensions. Automatic Extension Requests...
Can Victims of Hurricane Katrina Claim their Disaster Tax Benefits from the IRS?
Federal tax refunds, currently part of the Internal Revenue Code, should be made available to qualified victims of hurricane Katrina as rapidly as possible. This requires streamlining the claim process...
Will You Make The 39 Cent Mistake This Tax Season?
When it comes to filing your tax return, spending 39 centscould be the biggest mistake you ever make. Millions of taxpayers make the mistake of putting theirincome tax return in a regular letter-sized...
Highlights of IRS List of 2005 Tax Scams
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...
How Likely Are You To Be Audited?
Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing individuals in 2003 when compared to 2002. The increase was approximately 14%, but still constituted only 6.5 audits for...
Alternative Minimum Tax - Online Tool
Hell hath no fury like a person who just found out the alternative minimum tax applies to them. The IRS has set up an online tool to figure out if you do. Alternative Minimum TaxThe alternative minimum...
Taxes and Bankruptcy: The Nuts and Bolts
Taxes and Bankruptcy: The Nuts and BoltsThe filing and subsequent discharge of either a Chapter 7 or a Chapter 13 bankruptcy may eliminate some types of personal income tax liability. There are, however,...
Tax fraud and Internal Revenue Service (IRS) Tools
What is tax fraud, and how does our government control it? Thats a really big question to answer, so lets break it apart and answer it in two different paragraphs. Tax fraud is the intentional avoidance...
A Big Tax Loophole Just Got Bigger
Believe it or not, there are ways to convert taxable incomeinto non-taxable income, without any fear of an IRS audit.Heres one of my favorites. Its been part of our belovedtax code for over 30 years,...
Small Employers Rejoice - IRS Simplifies Filings
On of the largest burden on very small employers is dealing with taxes. Fortunately, the IRS has taken a major step to reduce this burden.Quarterly Federal Tax Returns - Not!There are millions of small...
Refund Anticipation Loans -- More Harm than Help
If someone offered to give you a loan for $2100 at interest rates of up to 222 percent youd probably laugh at them and walk away; but, this spring, 1 in 10 Americans will do just that: for the privilege...



Disclamer: On the pages of this web site you will find articles and news items about tm808.  This information was collected from many independent sources.  The opinions expressed by each source is their opinion and is not necessarily the opinion of the CPA Moms.  Each article or news item offers a different point of view and the source of each.   This information is for general information only.  If you want a specific opinion, please contact Carl.

 

Featured Articles

 

Use Tax Credits To Help Finance Your College Education
Students are always on the lookout for ways to help pay or offset the cost of their tuition. There are various government grants and scholarships available to you if you qualify. But what if you dont...
Who's on Your Tax Lien Investing Team?
Are you feeling overwhelmed? Have you been wanting to start investing in tax lien certificates or tax deeds but dont know where to start. Every successful endeavor requires a support team. Tax lien investing...
Tax Preparation and Electronic Tax Preparation Options
Just in time for tax season you will find yourself presented with this years editions of popular tax preparation programs that promise to make tax filing a breeze for the average person. Which one is right...
Tax Invoice
A tax invoice is a legal document that offers a look at what the GST is for a transaction. Read on to learn about your obligations for issuing, holding, and supplying the different types of tax invoices.You...
Avoid Annuity Tax Problems
Millions of investors own retirement annuity accounts but few are aware of the tax implications when the annuity is passed to an heir or beneficiary. A little known tax fact is that income tax on an individually...
What is a Tax Lien and How Can You Profit From It? Frequently Asked Questions About Tax Liens
1. What is a Tax Lien Certificate? A tax lien is the name of the claim that a taxing authority, such as the local or federal government, makes when an individual has not paid taxes for a lengthy amount...
Truly Bizarre Taxes: The Tax on Illegal Drugs
One can never underestimate the enthusiasm that politicians have for trying to hunt up tax revenues. The creativity of some politicians can lead to bizarre taxes and unfortunate results.Taxes on Illegal...
What Happens If You Give More Than $12,000 To Someone in 2006?
In an earlier article, we discussed the annual gift tax exclusion and how it works. In summary, we said that you could give up to $12,000 in cash or property to any one person during 2006 and not have...
Four Critical Things You Should Demand From A Tax Professional
1.COMPETENCE AND CREDIBILITYIt is very important that you research the credentials ofthe person you have preparing your taxes. Look forcredentials such as enrolled agent or CPA, which will giveyou some...
Getting The Biggest Benefit From Tax Help
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...
Corporate Profits Are Moving Offshore
Corporate Profits Are Moving OffshoreByWilliam CatePublished September 2004[http://home.earthlink.net/~beowulfinvestments/][http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]According...
Estate Tax: What It Is And How It Is Filed
According to the Internal Revenue Service (IRS), an Estate Tax is a tax that is imposed on your right to transfer your property and belongings after your death. The individual who is in charge of handing...
The Role Of A Tax Collector
The County Tax Collector is as independent government agency and is elected for a four-year term in the Presidential election year. It is essential that a County Tax Collector is independent to ensure...
Child Tax Credit
Now, heres a real savings to the individual taxpayer with children. The child tax credit is a direct tax credit that is available to provide credit to taxpayers with income below certain established levels....
Is Tax Lien Investing Still Profitable?
Tax Lien Investing is not the secret of the wealthy anymore. Do to late night infomercials and high priced investment seminars that tout buying tax lien certificates as a high yielding investment, more...
Income Tax Season
The tax season for most all individual tax payers falls during January, February, and March each year. Its the time of year that most citizens look forward to receiving a refund or they dread because...
YEAR END TAX PLANNING AND PREPARATION FOR INDIVIDUALS - Tax Tips for 2004 including new tax relief due to the Working Families Tax Relief Act of 2004
Now is the best time to start thinking about your year end tax planning. These tax strategies can be put into effect by the end of the year and some as late as when the tax return is due. Planning now...
Tax Credits for Retirement Savings
It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering tax credits to change this for some of us.Tax Credits for Retirement...
Income Tax Software - The Best Ones On The Market
There are several income tax software programs available on the market to help you complete your yearly taxes. These programs offer tax tips, checklists, and error checking messages to ensure that required...
Tax Credit for Going Solar
As we sit in the middle of winter, most people cant believe how high their utility bills are. Going with solar energy can lower your bills and you get a hefty tax creditSolar Tax CreditSolar energy is...
Don't Forget About These Frequently Overlooked Tax Deductions
When an individual files their tax returns each year they are able to claim a number of tax deductions. Many times a tax deduction can reduce the amount of money that is owed to the Internal Revenue Service...
Income Tax Return Filing 101
The month of April rolls around and most of America is getting ready to prepare their income tax returns.Every year everyone who made an income are required to report income to the federal and state governments...
Options For Preparing Your Taxes
When tax season rolls around each year the are a number of individuals who need to decide how their tax returns will be prepared and filed. Each taxpayer has a number of tax preparation options. These...
How to Choose The Right Tax Software For You
If you already use some form of personal financial management software such as Quicken or Microsoft Money then it is worth buying tax software that is compatible with this and can incorporate the figures...
Tax Filing: "Scams That Tax Payers Need to Avoid"
Studies have shown that most of the tax agencies manipulate the tax laws and try to look for the loopholes in them for tax deductions and benefits. Getting involved in tax scams can be avoided if you understand...
How To Prepare Your Income Tax Return
The first step in your income tax preparation is to work out your total income. A persons total income includes many kinds of receipts such as wages, interest, alimony, lottery winnings and many more....
Last-Minute Tax Help
Even if in most cases people dont want to hear about the word "taxes" until March, preparing early and staying organized will give you no headaches later. But, for most of the people, the deadline is...
Unclaimed Tax Refunds: How To Claim Yours
When a taxpayer owes money on their taxes they need to pay the amount owed before the traditional April 15th deadline. If the amount owed on taxes is not paid before the deadline, then federal and state...
Honey, I Eliminated The Mortgage Interest Deduction - Plan 2
A bipartisan committee has made two recommendations to President Bush regarding tax reform. In this article, we take a look at the second option. Tax ReformA year ago or so, President Bush decided to spend...
Tax Preparation Software
Web-based tax preparation services have a few advantages over their desktop counterparts for certain categories of users. So, if you have avoided doing your taxes online until now, you should start considering...
What Is An Inheritance Tax And When Is It Applied?
When an individual passes, on the federal government imposes an estate tax. This estate tax only applies to estate properties that are over one million fifty thousand dollars. The federal government is...
Sales Tax: What It Is And How It Is Imposed?
A sales tax is a tax that is placed on the purchases of goods or services. The federal government does not have a national sales tax. Qualifying products or services are only taxable by a particular state...
Options For Filing And Reporting Small Business Taxes
Large and small businesses all around the United States are required to file and pay taxes. Small business taxes are applied and determined differently than those of larger corporations. To accurately...
Filing An Income Tax Return
When the month of April rolls around most of America is preparing their income tax returns. Each year all individuals who made an income are required to report that income to federal and state governments...
Helpful Tax Tips For Federal And State Tax Returns
Each year there are millions of Americans who prepare their own federal and state tax returns and even more individuals have their taxes professionally prepared. Whatever choice a taxpayer makes there...
Choosing A Business Tax Service
There are a number of ways that you can find tax services companies. The yellow pages is a good place to start for companies in your area but, depending on where you live, the list of names may be extremely...
Tax Deduction Software - Calculate Your Earnings
We all love computers and the fact that it exists to make our jobs simpler. And they have invaded the field of taxation like never before.A multitude of tax deduction software is available in the market...
A Quick Guide To Payroll Tax
The term Payroll tax actually includes the Social Security tax, Medicare tax and Federal income tax. The Social Security tax provides benefits for retired workers, the disabled their dependents and it...
Tax Software Alternatives
There are many different tax programs, which are adequate to different kinds of needs, so the users have various options. For taxpayers with more complex tax situations, TurboTax software would be the...
Increase Restaurant And Bar Profits By Collecting The Right Sales Tax
Smart Tax - The RIGHT Way Of Collecting Sales TaxThe HistoryInclusive sales tax has been around since the creation of the sales tax. It is simply selling the item with tax included in the price. This is...
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,...
Find the Right Service to Prepare Your Taxes
It is possible to save money on your tax preparation fees by doing some advance preparation of your own. Make sure that you organize your paperwork and receipts to save time and ensure nothing is missed....
Income Tax Help
There are many websites on the Internet today that gives much needed income tax help for those who have no idea of whats going on during tax time. Income tax is a tax paid on income, unfortunately no...
Small Business Tax Credit - Americans with Disabilities Act
Many small businesses complain when confronted with the expense of complying with the Americans with Disabilities Act. Most do not realize that there are a number of tax incentives available to offset...
Getting a Tax Credit for Your Kids
As you know, raising a family is a full time job and can put stress on your finances. Fortunately, you can claim a tax credit to help cut your IRS bill if you have kids.Getting a Tax Credit for Your KidsWith...
Tips For Preparing Your Taxes from the Internet
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...
Advantages And Disadvantages Of Using Tax Software
Each year millions of Americans have their taxes prepared by a professional tax preparer. Having tax returned professionally prepared reduces the likelihood of errors being reported on a tax return; however,...
How And Where To Find Valuable Tax Information
Taxpayers have two options when filing a federal or state income tax return. Taxpayers can have their tax returns professionally prepared or they can prepare their own taxes. Whatever tax preparation option...
Phone Tax Refunds to Range from $30 to $60
Phone Tax Refunds to Range from $30 to $60 Washington (Sept. 1, 2006) The Internal Revenue Service announced that long-distance telephone customers will be able to seek refunds ranging from $30 to $60...
IRS wants its cut of celebrity freebies
Outreach program reminds the beautiful people that nothing -- not even awards show swag bags filled with watches, electronics and trips -- is truly free. Movie stars who took home those lavish gift...
Is Selling On eBay Just A Hobby Or A Real Business?
Small Business Q&A with Tim KnoxQ: I made extra money selling things on eBay last year. These were items I picked up at yardsales mostly. My husband says I am responsible for paying income tax on the money...
What To Do If You Didn't Get a Form 1099
If you earned revenues as an independent contractor in 2005, you should have received a 1099 Form for the work. So, what if you havent received one? What To Do If You Didnt Get a Form 1099If you earned...
Get Help From A Tax Attorney
All the people have to handle tax problems, which can be very difficult if you have to manage these troubles by yourself. And things can get worse if one day the IRS comes knocking on your door. You dont...
Tax Lawyers: Why You Should Hire One And How To Do It
The services of lawyers are obtained daily throughout the United States. There are a wide variety of different lawyers including divorce lawyers, criminal lawyers, real estate lawyers, and even tax lawyers....
S Corporations - Filing The Election
Getting a corporation designated as an "S" can be a bit confusing. If you are committed to getting an "S" corporation, here is how you do it. "S" CorporationThe "S" in S corporation refers primarily to...
Who's Afraid Of The Big Bad IRS?
Whos afraid of the IRS?Lets face it: We All Are!And with good reason . . . IRS horror storiesabound, and we all know someone whos beenthrough an IRS audit and lived to tell about it.So the purpose of...
IRS Gives Employees and Employers Unique Way To Help Katrina Victims
The IRS has never been known as a creative beaurocracy. To promote donations to Katrina victims, however, it is being very creative. The IRS has come up with Hurricane Katrina Leave Donation Program to...
Do not let IRS make you Wait for the Wrong answer.
Its widely known that, if you hit a snag while doing your taxes you can call IRS for answers and you if you wait long enough you will get an answer, but is it the right answer?Quote: "Two years ago it...
IRS Fails as a Tax Adviser
The Internal Revenue Service conducted a study of the quality of telephone advice it provides to taxpayers. It found that only 27% of callers actually received complete answers to their questions. Almost...
Automatic Extension Requests For Businesses
The internal revenue service has recently been taking steps to cut down on clutter and streamline the tax filing process. Now theyve simplified business tax return extensions. Automatic Extension Requests...
Can Victims of Hurricane Katrina Claim their Disaster Tax Benefits from the IRS?
Federal tax refunds, currently part of the Internal Revenue Code, should be made available to qualified victims of hurricane Katrina as rapidly as possible. This requires streamlining the claim process...
Will You Make The 39 Cent Mistake This Tax Season?
When it comes to filing your tax return, spending 39 centscould be the biggest mistake you ever make. Millions of taxpayers make the mistake of putting theirincome tax return in a regular letter-sized...
Highlights of IRS List of 2005 Tax Scams
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...
How Likely Are You To Be Audited?
Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing individuals in 2003 when compared to 2002. The increase was approximately 14%, but still constituted only 6.5 audits for...
Alternative Minimum Tax - Online Tool
Hell hath no fury like a person who just found out the alternative minimum tax applies to them. The IRS has set up an online tool to figure out if you do. Alternative Minimum TaxThe alternative minimum...
Taxes and Bankruptcy: The Nuts and Bolts
Taxes and Bankruptcy: The Nuts and BoltsThe filing and subsequent discharge of either a Chapter 7 or a Chapter 13 bankruptcy may eliminate some types of personal income tax liability. There are, however,...
Tax fraud and Internal Revenue Service (IRS) Tools
What is tax fraud, and how does our government control it? Thats a really big question to answer, so lets break it apart and answer it in two different paragraphs. Tax fraud is the intentional avoidance...
A Big Tax Loophole Just Got Bigger
Believe it or not, there are ways to convert taxable incomeinto non-taxable income, without any fear of an IRS audit.Heres one of my favorites. Its been part of our belovedtax code for over 30 years,...
Small Employers Rejoice - IRS Simplifies Filings
On of the largest burden on very small employers is dealing with taxes. Fortunately, the IRS has taken a major step to reduce this burden.Quarterly Federal Tax Returns - Not!There are millions of small...
Refund Anticipation Loans -- More Harm than Help
If someone offered to give you a loan for $2100 at interest rates of up to 222 percent youd probably laugh at them and walk away; but, this spring, 1 in 10 Americans will do just that: for the privilege...

 

 

 

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