For more than 10 million Americans, tax day comes up to four times a year. Many small business owners, as well as people earning income from investments, rental property or alimony, are often required to pay quarterly estimated taxes every April, June, September and January.
Pay Someone Else’s Taxes
Did you know that you could make money by paying someone else’s property taxes? Thirty-one states provide a little-known investment opportunity that might be perfect for you.
Standard Mileage Deduction Rates 2005 and 2006
If youre in business, youre interested in the IRS mileage deduction rates. The 2005 rates fluctuated because of high gas prices and now the 2006 rates have been released.
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 credit
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 for you and what are some of the most popular electronic tax filing solutions? Read on as we discuss your tax preparation options and explore the popularity of electronic tax filing.
Tax Tips for Real Estate Investors Using IRA Funds
People are starting to use their IRAs for direct real estate investment… Does this make sense? What are the tax traps? CPA and tax professor Stephen L. Nelson explains the basics.
The Ultimate Tax Planning Strategy
Every dollar that you can rescue from taxes can be put to use to grow your wealth; here is a concept to create the most beneficial deductions.
Using Mortgage Interest as an Itemized Deduction
What is mortgage interest? It is any interest you pay on a secured loan when you bought your first or second home. The loans include the mortgage to buy your home, a second mortgage, a line of credit or a home equity loan. The loan must be secured debt or it will be considered a personal loan and the interest is not deductible.
Which 1099 Tax Forms concern you?
Its tax time again and you must be sure to receive all the necessary forms. What is a 1099 tax form and who gets one? A Tax Form 1099 is used to report income other than wages, salaries and tips. Here of late, this term is used more and more frequently as many employers are opting to use contract labor versus hiring employees, who can turn out to be quite expensive when you factor in the insurance, payroll taxes, and other possible liability.
Per Diem Rates and Business Taxes
The tax code for the United States is over 50,000 pages. Buried in this code is the subject of per diem rates, a topic that can save businesses money on their taxes.
Strategies For Limiting Taxes If You Are Your Own Boss
Self-employed individuals always cringe at the amount of taxes the pay to the IRS and state. Here are tax strategies for self-employed individuals that reduce those tax amounts.
Tax Debt Help: Where to Find It
If you are in debt and owe the taxing authorities money, you must tackle the problem head on to avoid interest charges, penalties, even jail time.