Vital Online Tax Resources for Small Businesses
by Kristi Stangeland & Carl Weiner © 2006 Simple questions are often the most difficult to answer. Or so it seems when dealing with the government. Small businesses have enough to worry about around tax time without having to struggle to find the information they desperately... More...
10 ways to cut your property taxes
Property taxes are decided collectively by school boards, town boards, legislators, and councils. The tax rate is set by collating the amount of funds an area needs. This is then divided that by the “total taxable” assessed value of the area. The tax an individual pays is computed by multiplying... More...
IRS Holding $2 Billion In Unclaimed Tax Refunds
Every year, the IRS announces that it is holding unclaimed tax refunds. Taxpayers have a limited time to claim the $2 billion dollars the IRS is currently holding. Three years is a magical number when it comes to tax returns. It refers to the statute of limitations on... More...
turbo tax
Turbo Tax,Turbo Tax Last year's tax preparation was a breeze, thanks to Quicken's Turbo Tax. I may have even developed an addiction, but a continuing dependence on Turbo Tax is understandable. The thoughts of returning to the stressful pen and paper filing days of the past is terrifying.... More...
Stupidest Tax Mistakes To Avoid This Time Around
As the season to fill tax returns and forms approaches people get confused and nervy. The IRS dons the role of a huge brooding monster that is all set to devour you. Unfortunately most of us keep postponing filing of papers and putting our affairs in order until the very last minute and then... More...
The Truth About Exemptions on Interstate Use of Aircraft, Vehicles and Vessels
There is a tremendous amount of rumor swirling around the State of California since the regulations pertaining to vehicles, vessels and aircraft were drastically altered effective October 1, 2004. Some people now believe there are NO legal ways to obtain an exemption. Others still advise their... More...
Get up to $500 in Tax Credits for Energy-saving Home Improvements
By now you’ve felt the impact of rising energy costs. With soaring energy prices, you can’t help but wonder how much of that high-priced heat is escaping during the cold, winter months through your non-thermal windows or drafty front door. And, during the summer, you get the feeling your air... More...
10 Things Every Taxpayer Needs to Know About the Pension Law
The Pension Protection Act, signed into law on August 17, 2006, is designed to address the nation-wide problem of under-funded pension plans. The law penalizes noncompliant companies and encourages employee contributions, but many of the changes directly impact taxpayers of all ages, regardless... More...
Learn to Audit-Proof Your Tax Records
Begin by building your documentation system. There are more than 300 tax deductions available to small business owners. By converting many of your personal expenses into legitimate business deductions, you can have a HUGE impact on you financial well being. For example, lowering your expenses... More...
Tax Return Forms
According to federal laws governing taxation, any person, receiving an income in one form or the other, need to pay income taxes to the government annually. But, the job of preparing tax returns, the calculations and the many tax forms involved, constitute one of the harrowing experiences being... More...
Year End Investment Ideas and Tax Strategies
First thing Monday morning I'm going to march into my boss's office and demand a pay cut so that I'll be in a lower tax bracket next year. Of course that's ridiculous, but isn't it about the same as the financial community's "Conventional Wisdom" (CW) for year-end tax planning? What... More...
Monaco Ladies Less Taxing
The residency mix of Europe's favourite tax haven is changing, according to Monaco travel guide YourMonaco.com Best known of Europe's tax havens, Monaco has also been seen as a social gathering and vacation place for the rich - and home to successful businessmen enjoying the zero per cent... More...
Ten Golden Tax Deduction Secrets
One of the key secrets to tilting the tax laws in your favor is to own your own business and shift the taxing structure to your advantage. In this article, we are going to cover just a small fraction of the 300 deductions that are available to you as a business owner. But first, I’d like... More...
Avoid Common Business Growth Mistakes
Business Growth Mistake #1 - Not Understanding the Importance of Creating Multiple Business Entities to Reach Your Financial Goals and Protect Your Assets From Lawsuits and Claims. Some business people I know keep their personal assets separate from their business. But a surprising... More...
Getting Assistance on your Tax Forms
If you are interested in getting assistance on your tax forms you are not alone. The fact of the matter is that filling out tax forms is not always a walk in the park. This is especially true when you are dealing with complicated returns, or your... More...