There are many websites on the Internet today that gives much needed income tax help for those who have no idea of what’s going on during tax time. Income tax is a tax paid on income, unfortunately no matter how little it is. It’s paid by employees and people who are self-employed...
Income Tax Return Save Money & Take a Cruise!
What do filing an income tax return, saving money and taking a cruise all have in common? Well, if handled well, you can have your cake and eat it too! Thats right, you can save money and take a cruise by utilizing your tax return...
“In America there are two tax systems, one for the informed and one for the uninformed. Both systems are legal.”
One of America’s most famous jurists, Justice Learned Hand made this statement over forty years ago. When used today, one would certainly have to include the...
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.
Identity Theft
Generally, thieves steal your personal data for the purpose of running up credit card charges or opening and abusing...
I used money from my home equity loan to pay off some of my personal debts. Can I deduct interest?
In some instances, it is possible for individuals to deduct the interest of such home equity loans on their state and federal taxes, which are, or at least should be, filed annually the...
Wealth Tax
Do you want to move money from the wealthy to the poor? Well, tax wealth.
Wealth tax causes far less market distortion, and hence, much fairer than income tax. Wealth tax hurt productivity less. If you live in a capitalistic country, then your income is yours fairly....
Taxes on wealth or simply wealth tax is the tax levied on the value of wealth owned by a person. As the term wealth carries with it a broader meaning, generally capital transfer taxes (which include inheritance tax and gift tax), property tax, and capital gains taxes are some times invariably...
How To Keep The IRS Off Your Back And Out Of Your Life In 2006
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...
How To Contact The IRS Without Breaking Into A Sweat
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...
How to Check the Status of Your Tax Refund Online
So, you were pleasantly surprised to learn that you are getting a refund on your taxes. Congratulations! The question for most taxpayers expecting a return is, “Where is my refund?”
Check Your Refund Status...
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 filing of your income tax return much...
How To Avoid Double Taxation Of Your Small Business Profits
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 possibility of a business...