Working as an independent consultant or contractor? Consider these tax tips says CPA and Quicken for Dummies author Stephen L. Nelson.
The Skinny on 1031 Exchange: Maximizing Profits by Minimizing your Tax Liability
A 1031 exchange refers to Section 1.1031 of the Internal Revenue Code which was passed in 1990. Normally, when you sell all real and personal property, the tax code requires the payment of the Capital Gains Tax.
Use Child Tax Credit for Tax Savings
Now, heres a real tax savings to the individual taxpayer with dependents. The child tax credit is a direct federal income tax credit based on the number of dependent children in your family. This federal tax credit is available to provide credit to taxpayers with income below certain established levels. Started in 2003 and going to 2010, the maximum credit per child is $1000 and is first applied to reduce or eliminate the taxpayers federal tax liability.
When Do You File a Tax Return?
Every year, millions of Americans get ready to pay up to Uncle Sam, or get ready to collect from Uncle Sam; when did this become the great day that it is for taxpayers, and when are we actually required to file a tax return? Lets take a look at the beginnings of the tax date of April 15 and why it was chosen?
Your Well Being And Taxes
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.
Payroll Tax Penalties, When the IRS sends a Letter.
Payroll tax penalty letters from the IRS need not be scary. This article tells you how to deal with the IRS with out emptying your bank account.
Smart Yearend Planning – Tax Deductions
There are three main areas we need to keep in mind as the year ends, and remember to revisit the idea of converting your 10 largest expenses
Tax Credit Amount for Lexus GS 450 Hybrid Issued By IRS
Prior to January 1, 2006, you were restricted to claiming a $2,000 tax deduction if you purchased a hybrid car. Now you can claim a tax credit, which is much more valuable.
Tax planning to infinity and beyond…
Another year has come and gone and whats really changed? Are you sitting in roughly the same place you were last year at this time with respect to your taxeswondering what you could have done differently in your business to positively affect your year- end tax bill?
Tax Tips for New Ecommerce Entrepreneurs
Starting an ecommerce business? Consider these tax tips from bestselling author and CPA Stephen L. Nelson
The Tax Payer as Gilligan
This article introduces a correlation between government overspending and how it may encourage inflation. It is a call to action for investors to factor in inflation-adjusted numbers with their retirement projections.
Use The Same Techniques The Rich And Famous To Avoid Taxes!
Everyone has heard about the actor or businessman who lives a jet-set lifestyle and ‘pays no tax’? This article explains how everyone can benefit from the same ‘secrets’.