Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Taxes : Business & Finance
7 Tax Planning Tips for Families
Tax planning certainly does not get any easier as your family grows. However, as long as you are fully aware of your financial situation and the steps that need to be taken, you should be ahead of the
Beware of the Medical Expenses Trap!
A Medical Expense Reimbursement Plan (MERP), also known as a Health Reimbursement Account (HRA) can save a self-employed person several thousands of tax dollars each year, but if it's not documented properly can result in reclassification of the deducted expenses as wages (subject to 15.3% FICA
How to Deduct New Windows on a Home
If your new windows are energy-efficient and you installed them in your primary home, you are able to claim the energy efficiency tax credit. In order to qualify, the window must have a U-factor and Solar Heat Gain Coefficient (SHGC) of 0.30 or less. To claim the credit, you must file a form 5695 an
IRS Offer-in-Compromise - Instant Tax Relief?
What is the OIC program? With this article, you'll get an overview explained in everyday language. It will inform you of some things you should know about the offer-in-compromise. Dealing with the government isn't fun!
Tips To Reduce Your Chances Of An Irs Audit
The IRS audits more than 50,000 businesses and 1,250,000 individual taxpayers each year, mainly via correspondence exams. Although no one can guarantee you will never be audited, you can lower your ch
What If There Is a Tax Lien on My Business?
Taxpayers who owe the IRS a business or individual debt are subject to the IRS's placing a lien on their assets. A lien is one of many tools used by the IRS collections department to enforce payment of taxes owed.
Common Tax Credits You Might Be Eligible to Claim
The trick to minimizing your tax pain is to reduce your gross income as much as possible. Tax credits are one of the more powerful tools for doing this.
Professional Woodstock Tax Preparation Services
Tax preparation is an important entity in any business today; there are serious implications if the documents are not well prepared each year. The IRS commonly announces changes to the tax preparation of individuals and ...
IRS Tax Settlement Help: Five Negotiation Mistakes to Avoid
Let's face the truth: The Internal Revenue Service is a scary federal agency that could easily ruin the life of any U.S. citizen. Nobody wants to be contacted by the IRS or receive those terrifying IRS letters in the mail, but when it does happen, the first thing that people often think of is t
How Much Income Tax Is Paid on Social Security?
Social Security is a vital program for many senior citizens and for younger workers who are disabled. The Social Security program is funded through a payroll tax levied on employers and employees, with the employee paying half of the tax and the employer picking up the rest.
RV Deduction Information
Recreational vehicles can be substantial investments for their owners. With such a large investment, many people look for ways to save money on the purchase or the financing. It is also important that you know of any tax benefits or penalties for owning an RV. The IRS tends to treat RVs favorably c
Your Unopened Gift From the IRS
Sure many of us have made tax deductible donations throughout the year that have helped our favorite charities and lowered our taxable income, but only a few of us have harvested losses. Tax loss harvesting, if executed properly, is a powerful technique used to significantly lower one's taxable
Green Energy Tax Breaks For Your Home
On April 15th, many will be rushing to file their taxes. Unknown to them are the many incentives the government is offering to people who go green.
Document Check List for Filing Taxes
W-2 forms help you accurately file taxes.tax forms image by Chad McDermott from Fotolia.comTax returns record income earned in a given year. Filing your own yearly tax returns is an arduous process. Not only do you have to itemize assets and write off expenses, but you need to know where...
Discovering Legal Representation From Connecticut Tax Lawyers
One factor of life that we all ultimately have to deal with is paying taxes. However, if you are not practiced with filing taxes or you are having some difficulties after submitting your annual payments, it might be time to think about consulting with Connecticut tax lawyers. If you have not yet tho
California Tax Services That Businesses Can Use To Minimize Tax Expenses And Prevent Troubles
California is strict when it comes to taxes especially for business establishments. Lots of sole proprietorship and corporations are being audited every year. If you will start a business or have been running one for years, you may want to consider availing California tax services.
How Homeowners Can Enjoy Tax Breaks
Homeowners in the U.S. have something to rejoice now. The reason is that they can take advantage of tax breaks to lessen their expenses. And this is not limited to certain types of homes as it applies any type.
How To Set Up Electronic Tax Filing Systems
The Internal Revenue Service prefers electronically filed tax returns. The faster process produces fewer errors. Refunds deposited electronically to your bank account usually arrive within 10 days. Control payments by setting a date on or before April 15. The filing software assists taxpayers with
Income Tax Liability for Use of a Company Vehicle
If your employer provides a company vehicle for you to use when conducting company business, you may be wondering what tax consequences the arrangement will have. The right time to ask this question is during the year while you are using the vehicle, so you can prepare for what will happen at tax ti