Tax Deductions Info

1 . 3 Easy Steps To Donate a Car and Get a Deduction At one time or another it will happen to just about everyone. You will get your W-2's from your employer, and sure enough you made some money! [ Read Full Article ]

2 . 4 Simple Steps to Reduce Your Taxes Now! Does Tax Season get you down? [ Read Full Article ]

3 . 5 Reasons Why You Should NOT Get A Big Tax Refund I will never forget the day one of my tax clients came to pick up his personal income tax return. [ Read Full Article ]

4 . 5 Simple Steps: Earn an EASY ROTH IRA MILLION!!! So, you wanna earn a million dollars, super-duper easy? How would you like the federal government to give you a big, huge tax break? Wouldn't it feel deliciously good to earn a Million Dollars of income, completely tax free? How would you like to earn a million dollars of income passively, quietly, without lifting a finger? Well, put your seatbelts on, folks, because... [ Read Full Article ]

5 . 5 Strategies That Will Boost Your Business Productivity Today! - Part 2 Growing your own small business can be one of the most exciting journeys you could ever embark upon! [ Read Full Article ]

6 . 5 Tax Myths That Are Costing You A Bundle This article is based on the following 2 assumptions: [ Read Full Article ]

7 . 6 REALLY COOL THINGS : BE the King of your Castle!!! 6 REALLY COOL THINGS About Becoming the King of your Castle! If you want to be a millionaire, if you want to be smart with your money, if you want to get ahead in life, build security, establish equity, and retire in confidence, then you must, simply MUST become the King of your Castle! [ Read Full Article ]

8 . 7 Advantages to Incorporating There's no question that hard work and a little luck is what it takes to BE successful. But a little knowledge, especially when it comes to setting up your business, will help you STAY successful. [ Read Full Article ]

9 . 8 Tips for Keeping More of Your Hard Earned Money Masters degree not required...just a little common sense, a $5.00 calculator and a realistic plan is all you'll need. [ Read Full Article ]

10 . 101 Billion emails sent a day... and you want yours READ? According to a new survey carried out by Alliance & where ID_NUM=9270; Leicester, one in five small business owners view tax as their greatest concern. The Chancellor has announced in his last budget that companies with profits below ?10,000 will not have to pay any corporation tax with effect from 1 April 2002. The question to be asked is: does that announcement make incorporation a more a... [ Read Full Article ]

11 . 101 Tax Savings Ideas, 7th Edition There's no doubt about it, tax laws are complicated and IRS pamphlets are confusing. Without a proper understanding of current tax laws, Americans are subject to tax scams and overpayment of their taxes. But where can they turn for help? Who can they trust? [ Read Full Article ]

12 . A Big Tax Loophole Just Got Bigger: How To Turn Taxable Income Into Non-Taxable Income Believe it or not, there are ways to convert taxable income into non-taxable income, without any fear of an IRS audit. [ Read Full Article ]

13 . A Future So Bright - Learn From Their Mistakes! According to a new survey carried out by Alliance & where ID_NUM=9270; Leicester, one in five small business owners view tax as their greatest concern. The Chancellor has announced in his last budget that companies with profits below ?10,000 will not have to pay any corporation tax with effect from 1 April 2002. The question to be asked is: does that announcement ma... [ Read Full Article ]

14 . Are You An Innocent Victim of These Popular Myths? Misconceptions, misinterpretations and just plain "untruths" are floating about income taxes. Believing them could be costing thousands of tax dollars! [ Read Full Article ]

15 . Are You Eligible For Any Of These Tax Credits? Taxpayers should consider claiming tax credits for which they might be eligible when completing their federal income tax returns. A tax credit is a dollar-for-dollar reduction of taxes owed. Some credits are refundable - taxes could be reduced to the point that a taxpayer would receive a refund rather than owing any taxes. Below are some of the credits taxpayers could be elig... [ Read Full Article ]

16 . Are YOU Leaving Money on the Table? For those of us in the U.S., tax time is here again. For those of you elsewhere, tax time is always around the corner. Oh joy, I hear you say. Well, if you're contemplating an online home-based business, it may be just that. Really. Here's how. [ Read Full Article ]

17 . Asset Location - Increase Investing Returns & Reduce Your Taxes Location - Once the holy grail only for real estate investors is fast becoming the mantra for every stock, bond, and mutual fund investor. Experts and studies now recognize managing asset location is second only to asset allocation in determining the success of your investment returns. [ Read Full Article ]

18 . Business or Hobby...What Would the IRS Call YOUR Business? One thing we know for sure... direct sellers start their businesses for a wide variety of reasons. Some want to build a dynasty, some want the tax benefits, some do it to buy and share a product they believe in, while others are simply looking for a way to have fun and make a little money on the side. [ Read Full Article ]

19 . Business Tax Deductions As we enter mid-March, taxpayers begin to become very interested in deductions. Following are a few that you may be entitled to claim. [ Read Full Article ]

20 . Business Tax Loophole: Leasing Assets To Your Corporation While there are many equally valid reasons to incorporate, saving money on taxes is a consideration that can yield relatively immediate results. Leasing assets to your corporation is a tax strategy you should absolutely consider if you already have a corporation or are thinking about forming one. Here's how it works. [ Read Full Article ]

21 . Buying Your Tax Haven Corporation Your purpose in buying your tax haven corporation determines your incorporation and maintenance costs. You can buy a new car, without an engine. It'll cost less than a new car that works to your satisfaction. [ Read Full Article ]

22 . Cafeteria Plan Employee Benefit Should be Another Feather in Your Benefit Program's Cap IRS code allows for employers to implement a pre-tax Section 125 Cafeteria Plan as an employee benefit. This plan allows for unreimbursed insurance expenses to be paid pre-tax. Examples include insurance premiums, doctors office co-pays, prescription co-pays, eye exams, eye glasses, contact lenses, laser eye surgery, orthodontics, and more... [ Read Full Article ]

23 . Car Donation: An Easy Way to Support Your Favorite Charity and Get a Tax Deduction Most people look forward to getting their tax return, but one of the downsides to filing taxes is that you may find yourself owing the taxman come April 15. What do you do when you realize that you not only owe money, but you owe more than you can pay at the time? [ Read Full Article ]

24 . Confessions of a Recovering MLM Junkie According to a new survey carried out by Alliance & where ID_NUM=9270; Leicester, one in five small business owners view tax as their greatest concern. The Chancellor has announced in his last budget that companies with profits below ?10,000 will not have to pay any corporation tax with effect from 1 April 2002. The question to be asked is: does that announcem... [ Read Full Article ]

25 . Control Health Care Costs and Save Taxes? One of the most prominent issues being discussed in the media is the rising cost of health insurance. Employees are being asked to contribute an ever increasing amount of their pay to group insurance premiums. Employers face double digit increases health insurance premiums while dealing with customers who are not accepting price increases. Self-employed individuals a... [ Read Full Article ]

26 . Correspondence From The IRS - Yikes! It's a moment every person dreads. You pick up the mail and there is an envelope from the IRS. It's not a refund check. What do you do? [ Read Full Article ]

27 . Create Tax Savings And Transfer Wealth To Your Child With A Roth IRA Parents must give serious thought to protecting their family through estate tax planning. While life insurance and trusts should be a part of every plan, Roth IRAs can be a simple tool for passing money to your child on a tax-free basis. [ Read Full Article ]

28 . Creating Estate Tax Savings For Your Child Using A Roth IRA Parents must give serious thought to protecting their family through estate tax planning. While life insurance and trusts should be a part of every plan, Roth IRAs can be a simple tool for passing money to your child on a tax-free basis. [ Read Full Article ]

29 . Deducting your combined biz/vacation travel Time with family is precious. That's why more and more business travelers are adding on vacation to their trips and inviting family to join them. Sometimes it's easy to mix business and pleasure - especially with the trend toward booking business conferences at resort areas like Orlando or Las Vegas. With a little advance planning, you can get Uncle Sam to foot part of... [ Read Full Article ]

30 . Donating Cars To Charity - New Tax Rules On June 3, 2005, the IRS released guidance on charitable deductions for donated vehicles. The American Jobs Creation Act (AJCA) radically changed the amount of the deduction taxpayers can claim for their donated car. [ Read Full Article ]

31 . Early Distributions From Retirement Plans An early distribution from an Individual Retirement Arrangement (IRA) or a qualified retirement plan need not be a "taxing" experience. Fortunately, there are exceptions to early distributions. [ Read Full Article ]

32 . Employment Taxes - What Are They? If you have employees, you are responsible for paying a variety of taxes at the federal, state, and local levels. You must also withhold certain taxes from the paychecks of your employees. So, what are employment taxes? [ Read Full Article ]

33 . Gambling Income and Expenses - Taxes Hit a big one? With more and more gambling establishments, keep in mind the IRS requires people to report all gambling winnings as income on their tax return. [ Read Full Article ]

34 . Glide into Tax Season with Solid Financial Planning (ARA) - With good planning, you can start the year off right by making sure you and your family are financially fit and ready for the new year, and possibly reduce your tax bill. Here is a financial checklist to consider: [ Read Full Article ]

35 . Going Offshore For Asset Protection There are a number of key reasons why individuals and businesses consider going offshore for asset protection purposes. [ Read Full Article ]

36 . Home Based Business: Your Ultimate Tax Shelter Starting and operating your own home based business is the ultimate tax shelter. [ Read Full Article ]

37 . Home Biz Publicity With 100% Auto Tax Deduction! When it comes time to do your taxes, isn't it nice that you can write off a portion of your auto expenses for your home business! [ Read Full Article ]

38 . Home Business Legalities And Tax Advantages Even if you work out of your home, most cities and/or counties require you to have a business license and/or permit. Check with your local government municipalities to find out what the requirements are for where you live. Depending on where you live, you should be able to get this information from your local courthouse or townhall. [ Read Full Article ]

39 . Home Business Tax Tips If you have recently started an Internet or home business, your probably a little intimidated by having to submit a tax return and the possibilities of being audited. Simply follow these guidelines and rest assured that filing your next tax return will go smoothly. [ Read Full Article ]

40 . Home Equity Loan - Not Just For Home Repairs, And Tax Deductible, Too! Thanks to the combination of low interest rates and skyrocketing property values, home equity loans are more popular than ever. The value of home equity loans taken out by Americans has doubled in the last two years, and the market for them shows no signs of slowing down. Obtaining a home equity loan is usually a fairly simple process involving some paperwork, a credit check, and a home apprais... [ Read Full Article ]

41 . Home Loans and Mortgages - The Myth of Tax Deductible Interest Home ownership has risen sharply in recent years, and the percentage of Americans who own their own homes is approaching a record seventy percent. That's a good thing; we'd all rather live in our own home than consider the alternatives. The most common method of purchasing a home is by taking out a mortgage. Mortgage types vary, but most loans consist of some variation of a thirty-year... [ Read Full Article ]

42 . Home-Based Business Owners Save Thousands on Their Taxes Do You Qualify For Home-Based Tax Deductions? [ Read Full Article ]

43 . How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share With the rush to file your taxes by April 15th, you probably did not consider the possibility that you overpaid. According to the General Accounting Office, in 1998 alone, there was $311 million paid unnecessarily to the IRS. Do not count on the IRS to tell you if you have overpaid because they are not required to but you can file an amended return for up to three years. [ Read Full Article ]

44 . How much of your home equity loan interest is tax deductible? To find out how much of your home equity loan is tax deductible, you must look the amount of money that you borrowed and the purpose for borrowing it. [ Read Full Article ]

45 . How To Audit-Proof Your Tax Return Forever! Congress recently passed legislation that is supposed to result in a more "sensitive" Internal Revenue Service. You know, not such a lean, mean, tax-collecting machine. I DON'T THINK SO! Here's why. [ Read Full Article ]

46 . How To Avoid Paying Too Much Estimated Tax Many self-employed people and small business owners make quarterly estimated tax payments at both the federal and state level. (Sigh!) [ Read Full Article ]

47 . How To Get An Extension To File Your Business Tax Returns Yes, the tax season is upon with the first filing date for some businesses being March 15, 2005. If you can't imagine getting your tax returns together by that date, you need not worry. The IRS automatically gives you an extension if your file the appropriate form. As you might expect, there are different forms for different businesses. [ Read Full Article ]

48 . I Love That Big Tax Refund A Disclaimer of Sorts: No matter whether you file your own taxes or have a tax professional prepare and submit your taxes, You The Taxpayer are responsible for the completeness and accuracy of the return. Any questions, comments, extra taxes or penalities will be directed to you. Please consider any and all tax advice with this in mind, including t... [ Read Full Article ]

49 . Identity Theft - Impacting Your Taxes? If your identity is stolen, your finances can quickly become a nightmare. A less obvious problem is the effect identity theft can have on your taxes. [ Read Full Article ]

50 . I'm being audited by the IRS-Now what? How does the IRS decide who gets audited? The IRS uses a recently updated formula and scoring system to evaluate tax returns. If something seems out of whack- -like low income accompanied by extremely generous charitable contributions--the return is flagged for a more in-depth look. Simple math errors do not warrant audits. What does warrant an audit are things lik... [ Read Full Article ]

51 . Investment Capital Gains Have you bought any mutual funds this year or late last year while the market was doing its skyrocket thing? Last year it was hard to lose money. This year it has been easy. [ Read Full Article ]

52 . IRS Certifies 2006 Toyota Hybrid for Clean Fuel Deduction The Internal Revenue Service has certified the 2006 Toyota Highlander Hybrid as being eligible for the clean-burning fuel deduction. This certification means that taxpayers who purchase one of these hybrid vehicles new during calendar year 2005 may claim a tax deduction of up to $2000 on Form 1040. [ Read Full Article ]

53 . IRS Lock-In Letters - What's An Employer To Do? Employers often ask employees to designate the amount of tax withholdings for paychecks. Occasionally, employees will fail to withhold a sufficient amount in the eyes of the IRS. The IRS will then send a "lock-in" letter on the amount to be withheld. What's an employer to do? [ Read Full Article ]

54 . IRS Obtains More Than 100 Injunctions Against Tax Scheme Promoters The IRS announced today that it has obtained civil injunctions against more than 100 promoters of illegal tax avoidance schemes and fraudulent return preparers in an ongoing crackdown that began in 2001. Many of the injunctions, obtained in cooperation with the Department of Justice, also order the promoters to turn over client lists and to cease preparing federal income tax returns for others.... [ Read Full Article ]

55 . Is Education Tax Deductible? Families with children already in college may qualify for tax deductions for educational expenses. The maximum Hope credit is available for the first two years of undergraduate school. It allows for $1500 of credit. The credit is based upon the first $1000 in qualified tuition and related expenses, and 50 percent of the next $1000 in expenses.... [ Read Full Article ]

56 . Is Selling On eBay Just A Hobby Or A Real Business? Small Business Q&A with Tim Knox Q: I made extra money selling things on eBay last year. These were items I picked up at yardsales mostly. My husband says I am responsible for paying income tax on the money I made, but I disagree. This is just my hobby, not a business. What do you think? -- Gladys A. [ Read Full Article ]

57 . Keep More of What You Make - Start A Home-based Business The best advantages of owning a home-based business are you can turn non-deductible expenses into tax deductions. The deductions you create for your Schedule C have a more significant impact on the total taxes you pay than do deductions on Schedule A. Schedule C deductions not only reduce federal income tax, they also reduce self-employment tax, Medicare tax, and state and loca... [ Read Full Article ]

58 . Keeping Track of Your At-Home Business Expenses If you are new to working at home, then you might not be aware that you can legally deduct many types of valid business expenses, such as paper supplies or the second phone line you install for your business, on your self-employment income tax return (and thereby reduce your taxable self-employment income). This article concerns only general expenses and will not dea... [ Read Full Article ]

59 . Knock-Knock-Knock Who's there? The IRS! The next quarterly payment of estimated income tax for the self-employed is not far off. Network marketers who receive a form 1099 at the end of the year, and/or who are expected to owe $1,000 or more in taxes, must file a form 1040-ES Payment Voucher quarterly to avoid paying a penalty. [ Read Full Article ]

60 . Legalities & Tax Advantages In A Home Business Every year, several thousand people develop an interest in "going into business." Many of these people have an idea, a product or a service they hope to promote into an income producing business which they can operate from their homes. [ Read Full Article ]

61 . Little Known Tax Deductions That Can Save You Big When you say "end of the year", most small business owners think of two things immediately. The *second* is the holidays. The *first* is taxes! While almost all of us pay taxes quarterly, we still have to file in January. That means November and December are spent getting ready. When you're gathering all your information together for your accountant, don't forget about... [ Read Full Article ]

62 . Maximize Your Tax Deductions Using The IRS's "Two Business Location Rule" If you're like most Americans, your automobile is one of your biggest expenses. Gas, insurance, maintenance, and licensing all add up to a generous portion of the average person's income, not to mention the actual cost of buying or leasing a vehicle. Wouldn't it be wonderful if you could write-off a considerable amount of these expenses on your taxes? Well, if you own a home-based business, you can. All it requires... [ Read Full Article ]

63 . Money smart homeowners use this mortgage strategy every time There are currently more than 50 million home mortgages in the United States today. So why aren't more homeowners taking advantage of the highest yielding lowest risk, tax-free financial strategy available today? [ Read Full Article ]

64 . Need a Copy of Your Tax Return Information? Taxpayers have two easy and convenient options for getting copies of their federal tax return information -- tax return transcripts and tax account transcripts -- by phone or by mail. [ Read Full Article ]

65 . Network Marketing's Best Kept Secret May Be Costing You a Fortune The words, "I quit..." have never been more costly. Network marketers hear "I quit" all too often from distributors they have sponsored. However, if those new distributors only knew the thousands of dollars they were throwing away, they would never quit. Here's Why? [ Read Full Article ]

66 . New Law Changes Highway Use Tax Rules: Installment Payment Option Eliminated The IRS is reminding truckers and other owners of heavy highway vehicles that the installment option for paying the federal highway use tax will no longer be available. This change was included in the American Jobs Creation Act of 2004 and applies to filers of Form 2290, Heavy Highway Vehicle Use Tax Return. [ Read Full Article ]

67 . New Tax Law Turns Small Biz Loophole Into A Crater! In case you were too busy over Memorial Day to notice, our beloved politicians just passed another tax bill designed to put more dollars in your pocket. [ Read Full Article ]

68 . Organizing Your Taxes Does this scene sound familiar? It's April 7. You haven't seen the top of your dining room table in two weeks because of the piles of paid bills, receipts, canceled checks, and unidentified cash register receipts covering it. Your head pounds and your stomach churns as the countdown to April 15 begins. [ Read Full Article ]

69 . Preparing for Tax Preparation Being prepared for your tax appointment can really pay off in terms of maximizing deductions and minimizing tax as well as lowering fees charged by your preparer! Additionally, you should be able to walk away from your tax appointment with peace of mind that your returns are complete and accurate and maybe even with some tax savings advice that you can rea... [ Read Full Article ]

70 . Provide Affordable Health Care To Employees At Little To No Cost To You You can provide affordable health care plans to your employees. If you feel overwhelmed by health care plan costs, you may be able to achieve far more than you believe. Here is how. [ Read Full Article ]

71 . Rearrange Your Affairs For Maximum Tax Savings One way to maximize your business profits is by reducing your taxes. Frequently, income and other taxes could be lowered significantly if only the taxpayer were willing to plan ahead. By taking some simple steps to rearrange your affairs, you could save a fortune! [ Read Full Article ]

72 . Roth IRA Contributions Confused about whether you can contribute to a Roth IRA? Try using these simple rules: [ Read Full Article ]

73 . Roth IRA secrets - 7 reasons why a Roth IRA trumps a Traditional IRA TAX-FREE COMPOUNDING Contributions inside a Roth IRA can grow and compound each year in your investment portfolio on a tax-free basis. This cannot be said for investments within a 401k plan or traditional IRA, which only experience tax-deferred growth compounding. At some point in time the investments held within 401k and IRA plans will have to pay the tax man. [ Read Full Article ]

74 . Say Yes to ISA Mortgages for a Convenient Mortgage Repayment Customers who opt for an interest only mortgage, and feel themselves fortunate at the extraordinarily low monthly installments, wake up. The mortgage may be fast approaching its repayment. [ Read Full Article ]

75 . Secrets the IRS Does Not Want You to Know For average Americans, taxes are the single largest bill they will pay. Almost 40% of every working person's wages go to taxes: that's more than most people pay in utilities, rent, car loans, or education expenses. And while the burden of most bills can be lessened by working harder and earning more money, the tax liability only increases, so earning more money just equals paying more... [ Read Full Article ]

76 . Send Your Child to College FREE! College is one of the largest expenses through the course of your child's life. It is also one of the main causes of debt in America. With today's rates of inflation, it is very hard to save for an event that will occur eighteen years down the road. However, capitalistic America has provided many ways to send your child to college without paying a si... [ Read Full Article ]

77 . Send Your Kids To Summer Camp and Write It Off If you paid someone to care for a child so you could work, you may be able claim a tax credit for child and dependent care expenses on your federal income tax return. This credit is available to people who, in order to work or to look for work, have to pay for child care services for dependents under age 13. [ Read Full Article ]

78 . Seven Key Tax Deductions for the Self Employed As a sole proprietor, it's wise to familiarize yourself with the some key deductions that may reduce your tax bill for 2004. [ Read Full Article ]

79 . Take Control of Your Taxes As everyone in the U.S. knows, we have just passed one of our most "favorite" times of the year: income tax season. If you are going to create and sustain wealth, it is inevitable that you will have to address your personal tax situation. [ Read Full Article ]

80 . Tax Advantages In A Home Business Every year, several thousand people develop an interest in "going into business." Many of these people have an idea, a product or a service they hope to promote into an in come producing business which they can operate from their own homes. [ Read Full Article ]

81 . Tax Deferred Exchanges of Investment and Business Real Estate The Primary Residence taxation, the Residential Replacement Rollover, Sec. 1034 exception is gone. Previous capital losses still apply, if the property is held as investment property and sold at a loss and that loss can be carried over for up to 7 years. For those over age 55 the primary residence or residential sale exclusion of taxation is gone. Tax deferred exchanges remain a viab... [ Read Full Article ]

82 . Tax Filing 101: It's Never Too Early To Procrastinate For all you procrastinators out there, here's a nuts 'n bolts guide on how to legally postpone the filing of your Year 2002 income tax returns. [ Read Full Article ]

83 . Tax Jokes and Quotes Do you realize that some tax forms ask you to check a box if you are BLIND? [ Read Full Article ]

84 . Tax Records - What You Should Keep And For How Long Many taxpayers are confused about how long they should keep tax records. The term "tax records" refers to your tax returns and the documents that support the information in the returns. These documents can include receipts, bank statements, 1099s, etc. If you are one of the unlucky few to be audited, these records will be vital to fending off the IRS. [ Read Full Article ]

85 . Tax Reduction Tips Author: In the rush to get tax returns prepared and filed by April 15th, many overpay their taxes. Following are a few tax reduction tips that could help you save a bundle. [ Read Full Article ]

86 . Tax Tidbit #1: How To Turn Non-Deductible Commuting Mileage Into A Legitimate Business Expense Short but sweet nuggets for the Small Biz Owner and/or Self-Employed Person, each morsel serving up a specific tax reduction strategy guaranteed to tickle your monetary taste-buds. [ Read Full Article ]

87 . Tax Tidbit #2: How To Get A $1,000 Refund By Filing An Amended Tax Return Short but sweet tax nuggets for the Small Biz Owner and/or Self-Employed Person, each morsel serving up a specific tax reduction strategy guaranteed to tickle your monetary taste-buds. [ Read Full Article ]

88 . Tax Tips for Home-Based Business Owners As tax time approaches, many home-based business owners begin completing their forms or paying their accountants with trepidation. This nervousness comes from two sources: a fear of being audited and a fear of having to pay a lot. For the most part, both of these fears are unfounded. [ Read Full Article ]

89 . Tax Tips to Save You Time and Money It's nearly that time again. April 15--the income tax deadline--is rapidly approaching. There aren't many taxpayers in this world who can honestly say that they have not needed help completing their tax forms. Since paying taxes is an annual event, you would think that we would get better at the procedure from year to year, but this is certainly not the ca... [ Read Full Article ]

90 . Tax Trap #1 -- Waiting to Incorporate: What A Difference A Date Can Make NOTE: This is the first in a series of 5 articles: "Small Business Tax Traps and How To Avoid Them" [ Read Full Article ]

91 . Tax Trap #2 -- Double Taxation: Isn't Once Enough? Have you been thinking about incorporating your small business or self-employment activity? The advantages are many! [ Read Full Article ]

92 . Tax Trap #3 -- IRS Penalties, Interest and 'Love Letters' 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 your forms, payments and other paperwork on time. [ Read Full Article ]

93 . Tax Trap #4 -- The Quagmire of Depreciation If you are a Small Business Owner or Self-Employed Person, there's one especially lucrative tax break that not only puts money in your pocket, it also makes the filing of your business tax return much simpler. [ Read Full Article ]

94 . Tax Trap #5 -- Ignoring The IRS (and the 5 best ways to contact them!) We all love to criticize the IRS, don't we? And I'm just as guilty as anyone. It's easy to ridicule a huge organization of government bureaucrats who often seem to be Public Enemy #1. [ Read Full Article ]

95 . Taxability of Social Security Benefits The IRS determines whether your Social Security benefits are taxable by looking at your total income and marital status. Form SSA-1099, which Social Security recipients should receive by January 31, shows your total benefits, but determining your taxable benefits requires putting pencil to paper. [ Read Full Article ]

96 . Taxes as a Competitive Advantage in the Global Economy Building an ownership society in a tax competitive world. [ Read Full Article ]

97 . The 37 Cent Mistake When it comes to filing your tax return, spending 37 cents could be the biggest mistake you ever make. [ Read Full Article ]

98 . The Basics of Business Record Keeping As a business owner, you may rely on an outside accountant to do your taxes and prepare financial statements. However, it's best that you or someone in your organization take on the responsibility of keeping an accurate set of financial records. [ Read Full Article ]

99 . The Benefits of Employing Your Children How many times a week do you hear, "Mom, I need a new pair of shoes!" or "Dad, can I have money to go to a movie?" Not to mention the cost of school supplies, braces, and college tuition that haunt every parent. If you're like the average parent, you probably spend several thousand dollars a year providing for all the needs and wants of your children. But unlike most Americans, if y... [ Read Full Article ]

100 . The Big Four Reasons for Investing in Real Estate The 4 BIG benefits of investing in real estate are: [ Read Full Article ]

101 . The Biggest Tax Mistake You Can Ever Make Ah, April 15 has come and gone. And American taxpayers everywhere breathe a collective sigh of relief. [ Read Full Article ]

102 . The Seven Deadly Tax Sins: Commonly Missed Deductions It's that time again, the April 15 tax deadline is looming large. If youre like most people, you havent gathered all of your tax records, let alone filled your return. [ Read Full Article ]

103 . The Top 5 Reasons to Buy a Home 1. Save on your income tax. Yes, something good can come out of income tax. Due to income tax deductions, the government subsidizes your home purchase. Therefore all of the interest and property tax you pay throughout the year can be deducted from your gross income tax. A nice perk. [ Read Full Article ]

104 . There Is No Such Thing As Tax Simplification! I'm a little upset right now, so please bear with me. I don't get upset very often - you can always tell because smoke starts coming right out of the top of my bald head! - but I'm here to tell ya', this one really has me both laughing and crying at the same time! [ Read Full Article ]

105 . Thinking About Car Donations? Why would anyone put their car in as a donation? Car donations are a great way to help the less fortunate. Providing anything that you no longer need and use to those who can is a great thing to do. But, who in the world has an extra car lying around? How can you benefit from a car donation yourself? [ Read Full Article ]

106 . Top 7 Small Business Tax Tips Here are seven ways for owners of small businesses to save money on their taxes. [ Read Full Article ]

107 . Top 25 Overlooked Tax Deductions You wouldn't believe the number of deductions that are overlooked each year, by taxpayers just like you. That's right; these money-saving deductions are missed by countless income earners every tax season. Read on and arm yourself to take full advantage of these deductions and get back what you deserve: [ Read Full Article ]

108 . What Is The Key To Slashing Your Taxes? One very foggy night the captain of a large ship saw what appeared to be another ship's lights approaching in the distance. [ Read Full Article ]

109 . What You Need To Know About Taxes If You're Getting Married It may not be high on the list of wedding planning activities, but there are a few simple steps that can help keep tax issues from interrupting your newly wedded bliss. If you recently married, check out your new tax situation. You might save money or even prevent the problem of a missing refund check. [ Read Full Article ]

110 . Why buying home is a good idea The Best Investment. As a fairly general rule, homes appreciate about four or five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region. [ Read Full Article ]

111 . 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. [ Read Full Article ]

112 . Your mid-year checkup: Get savvy about lowering your taxes Are you still owing the IRS in taxes every year? Not a great situation to be in, is it? But there is still hope for this year. You have almost six months, in some cases a little longer, to make certain you owe less tax, and possibly no tax, next year. [ Read Full Article ]

113 . Your Wealth Cycle Foundation The four main steps in building a wealth cycle foundation are: [ Read Full Article ]