Tax Reduction Tips

In the rush to get tax returns prepared and filed by April 15th, many overpay their taxes. Following are a few tax reduction tips that could help you save a bundle.Tax Credit For Starting A Small Busi...Full Article

Business Tax Deductions

As we enter mid-March, taxpayers begin to become very interested in deductions. Following are a few that you may be entitled to claim.Deductible Expenses Office expenses Rent or lease payments Adverti...Full Article

Anticipating Your IRS Refund Can Cost You Plenty

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 anticipat...Full Article

Tax Audits: What Signs Make You More Likely to be Audited by the IRS?

Its a major fear for most Americans: A notice from the Internal Revenue Service (IRS) summoning you for an audit.What is it about these three letters that strikes a cord of fear in Americans hearts? L...Full Article

Tax Jokes and Quotes

Do you realize that some tax forms ask you to check a box if you are BLIND?Quote: "Two years ago it was impossible to get through on the phone to the IRS. Now its just hard to get through. Thats ...Full Article

The Implications of Income Tax Charge on Estate Planning

OverviewIn the Pre-Budget Report of December 2003 the Chancellor Gordon Brown announced proposals to levy an Income Tax charge from 6th April 2005 in those circumstances where the transferor of an ass...Full Article

Are You An Innocent Victim of These Popular Myths?

Misconceptions, misinterpretations and just plain "untruths" are floating about income taxes. Believing them could be costing thousands of tax dollars!Myth: A Professional Tax Preparer knows...Full Article

How To Claim CHILD TAX CREDIT The Right Way And Add An Extra $2,000 To Your Refund

The U.S. Department of Agriculture estimates that it costs nearly $15,000.00 a year for a middle-class family to raise a child born in 2002 to age 17 (without adjustment for inflation). In recognitio...Full Article

The Seven Deadly Tax Sins: Commonly Missed Deductions

Its that time again, the April 15 tax deadline is looming large. If youre like most people, you havent gathered all of your tax records, let alone filled your return.Before you dig in and get started,...Full Article

Tax Time Tune Up

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 co...Full Article

The Internet Tax Man Cometh

Q: I was contacted by the city tax collector to say that my business is scheduled to be audited to see if I owe sales tax on items purchased on the Internet. Can they really make me pay sales tax on...Full Article

How to Check the Status of Your Tax Refund Online

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 Sta...Full Article

How To Get An Extension To File Your Business Tax Returns

Yes, the tax season is upon with the first filing date for some businesses being March 15, 2005. If you cant imagine getting your tax returns together by that date, you need not worry. The IRS automat...Full Article

Tax Trap #5 -- Ignoring The IRS (and the 5 best ways to contact them!)

We all love to criticize the IRS, dont we? And Imjust as guilty as anyone. Its easy to ridicule a hugeorganization of government bureaucrats who often seemto be Public Enemy #1.Our negative attitude...Full Article

Tax Trap #4 -- The Quagmire of Depreciation

If you are a Small Business Owner or Self-Employed Person,theres one especially lucrative tax break that not onlyputs money in your pocket, it also makes the filing ofyour business tax return much sim...Full Article

Tax Trap #3 -- IRS Penalties, Interest and Love Letters

As a small business owner or self-employed person,one of the easiest ways to keep Uncle Sam off your backand out of your life is to file your forms, payments andother paperwork on time.Over the next f...Full Article

Tax Trap #2 -- Double Taxation: Isnt Once Enough?

Have you been thinking about incorporating your smallbusiness or self-employment activity? The advantagesare many!For starters, youll be protecting yourself and your familyfrom the possible of a busi...Full Article

Tax Trap #1 -- Waiting to Incorporate: What A Difference A Date Can Make

NOTE: This is the first in a series of 5 articles:Small Business Tax Traps and How To Avoid ThemIf youre a sole proprietor, perhaps youve consideredincorporating your small business or self-employment...Full Article

How to Cut Duty Cost and Increase Profit as an Importer

Import duties continue to be significant elements in the cost of international trade. Yet many companies and businesses still pay more duties than the law requires - which impacts adversely on landed ...Full Article

Tax Records - What You Should Keep And For How Long

Many taxpayers are confused about how long they should keep tax records. The term tax records refers to your tax returns and the documents that support the information in the returns. These documents ...Full Article