You may have a less taxing time this April if you let computer software do much of the hard work filing with the IRS.
Your IRS Tax Appeal Rights
Are you in the middle of a disagreement with the IRS? One of the guaranteed rights for all taxpayers is the right to appeal. If you disagree with the IRS about the amount of your tax liability or about proposed collection actions, you have the right to ask the IRS Appeals Office to review your case.
Obtaining a Federal Income Tax Refund
Youre 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 overpayment of tax, or through an overpayment from previous years. Some people really believe that getting a large income tax refund is not the greatest thing.
Small Business Tax Deduction – Write-Off Bad Debts
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.
Tax Credits Available For New Furnace Buyers
Not letting hot air get lost up the chimney has its rewards.
Tax Jokes and Quotes
Do you realize that some tax forms ask you to check a box if you are BLIND?
Tax Time Tips for Mortgage Holders
It’s that time of year again when numbers such as 1040, W-2 and INT-1099 become all too familiar to millions of people. One of the benefits of holding a mortgage on your house is the ability to claim certain deductions that can assist you in offsetting some of your tax burden. As you prepare to file your yearly taxes let’s look at a few areas where you can take advantage of tax deductions and keep a little more green in your pocket this tax season.
The Purpose of Your Accountant
Many people are confused about the purpose of accountants given tax software and so on. To get the biggest benefit for the fees you pay, you need to understand what your accountant can do.
Understanding The Tax Implications Of Life Settlements
Understanding the tax implications of replacing or selling existing life insurance coverage will help shed some light on the options available to financial advisors and policy holders looking to capitalize on the hidden value in their life insurance plans. Policy holders need to know what the tax implications are for coverage payments in advance of death. They need to know whether viatical agreements will be taxed, and they need options when it comes to replacing expensive or…
What Your Tax Dollars Do For You
In this article, we will take a look at the influence the government exerts over our daily lives through our taxation, and the good and bad aspects of that influence.
Through direct spending, the U.S. government controls approximately 43-45% of the economy. Today, government spending accounts for almost as much of the economy as spending in the private sector. After the passage of the New Deal legislation, during the late 1930s, the private sector controlled almost 90% of …
Your Kids Can Reduce Your Taxes And Get Rich
One often-overlooked tax benefit for business owners is putting their kids to work in their business.
Oscars and Taxes
Ratings for the Oscars were down a whopping 10 percent compared to 2005. Well, at least the Internal Revenue Service was watching.