Tax Magic: How To Turn Taxable Income Into Tax-Free Income (12 Mar 2006)
Believe it or not, there are ways to convert taxable income
into non-taxable income, without any fear of an IRS audit.
Here's one of my favorites. It's been part of our
tax code for over 30 years, yet many still don't take
advantage of it.
Recover Lost Restaurant And Bar Profits By Collecting The Right Tax With Smart Tax (31 Jan 2006)
The History of Inclusive Sales Tax
Inclusive sales tax has been around since the creation of the sales tax. It is simply selling the item with tax included in the price. This is very popular in European countries and Canada....
How To Contact The IRS Without Breaking Into A Sweat (19 Aug 2005)
We all love to criticize the IRS, don't we? It's easy to
ridicule a huge organization of government bureaucrats who
often seem to be Public Enemy #1.
Our negative attitude toward the IRS can lead to a
strong desire to just ignore it altoget...
1099-MISC Forms For Independent Contractors for 2005 (20 Dec 2005)
As we begin 2006, you're probably not thinking about taxes at all. This is a mistake as deadlines are approaching for issuing and filing 1099s to independent contractors.
What is a 1099 MISC?
Generally speaking, the IRS requires you to...
Tax Credit for Going Solar (01 Mar 2006)
As we sit in the middle of winter, most people can't believe how high their utility bills are. Going with solar energy can lower your bills and you get a hefty tax credit
Solar Tax Credit
Solar energy is a clean, renewable energy sourc...
Stop Throwing Away Your Tax Refund! (04 Nov 2005)
Tax time is just around the corner. Are you getting a big refund this year? Well if you are, you are THROWING AWAY BIG MONEY!
CHANGE YOUR EXEMPTIONS ON YOUR W-4.
This is not the number of your dependents but the number of your exemptio...
How To Avoid Double Taxation Of Your Small Business Profits (09 Mar 2006)
Have you been thinking about incorporating your small
business or self-employment activity? The advantages
are many!
For starters, you'll be protecting yourself and your family
from the possible of a business ending lawsuit. Forming a
corp...
How To Avoid Those Mind-Boggling Depreciation Rules (15 Oct 2005)
Tired of dealing with those complex depreciation rules?
Thanks to recent tax law changes, here's how to avoid them
completely while benefiting from a lucrative small business
tax break that not only puts money in your pocket, but also
makes the fi...
Getting Help With Your Taxes (06 Nov 2005)
Preparing your taxes can be incredibly stressful. In many cases, it just makes sense to get some help with them.
Save Me From This Misery!
When it comes time to file taxes, you can look to software or a real live person. In this articl...
The History of Income Tax (25 Dec 2005)
They say death and taxes are the only two certain things in life. Alas, this wasn't always the case. Well, at least for the income tax.
The History of Income Taxes
Our great nation came into existence in fits and starts. Following the ...
Property Tax Grievances-Can I Win? (14 Feb 2006)
One of the biggest complaints that I hear from homeowner is that their property taxes are too high. In spite of this, most homeowners don't try to get their taxes reduced.
This is a costly mistake. In high tax states, the taxes on the proper...
Dealing with the IRS (24 Jan 2006)
It's funny how three simple letters can create such fear and loathing in your average citizen. But the IRS are people too. Keep this in mind and you'll find that dealing with the IRS will be easy and stress free.
What does the IRS want from ...
In Gratitude (08 Feb 2006)
Dear Taxpayer,
Your none too humble servants all too rarely express their deep appreciation for all you have done to make America all that it is today. We hope this message will correct that oversight.
First and foremost, we thank you ...
How To Keep The IRS Off Your Back And Out Of Your Life In 2006 (03 Nov 2005)
Sorry to crash your party, but as we bring in the New Year,
it's also time to bring in a New Tax Season.
As a small business owner or self-employed person,
one of the easiest ways to keep Uncle Sam off your back
and out of your life is to file you...
Individual Taxpayer Identification Number (ITIN) (06 Apr 2006)
What is an ITIN?
Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service. Individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not ...
10 Items You Need For Your 2005 Tax Return (05 Mar 2006)
The following list includes the 10 items you are likely to need when preparing your tax return. Although you may be required to provide additional information, this list brings you the most common items we have identified based on hundreds of our ...
Scrooge Hasn’t Got It All Yet! (02 Oct 2005)
It's the season of goodwill when ordinary folk tend to give more than they receive and, apparently, the Brits are the most generous of Europeans when it comes to spending on gifts for our friends and family. But it would be nice, wouldn't it, if w...
A Simplified Tax (05 Sep 2005)
Congress wrangles over the simplification of income tax when in fact, it is and has always been an issue for the volunteers who pay it. Who on earth has any right to the personal information provided on income tax returns? No one but the person wh...
Self-Employment - Tax Approaches (12 Sep 2005)
Self-employed individuals always cringe at the amount of taxes the pay to the IRS and state. Here are different approaches for minimizing self-employment taxes.
Minimize Tax
The good news is being self-employed is one of the best tax s...
Innocent Spouses - Help With Ex-Spouse Tax Problems (24 Feb 2006)
Historically, tax issues arising from bad marriages fell into the category of "better or worse" in the marriage vows. The IRS historically considered spouses one person for tax purposes, but has changed its views.
