The tax code in the United States contains many provisions to promote certain behavior. One area of behavior is the promotion of giving to qualified charities.
Giving To Charities Tax Deductions and Such
In the rush to get tax returns prepared and filed, many people...
Taxes are a way of American life. They are own duty to pay and file. Many people go in search of someone to help them when tax time rolls around. Tax help seems to be in abundance from January 1st to April 15th. Unfortunately, some tax help is best avoided. Other times the tax help is something...
Homeowners looking to cut their tax bills may want to rethink their water heaters. A recently signed law allows people to take as much as a $300 tax credit if they install a tankless water heater in their house.
The new tax credit is meant to encourage U.S. residents to better manage...
There is nothing escaping payroll tax. It is something that you will need to deal with from the day that you get your first job until the day you retire. Payroll tax is the amount of money that comes out of your paycheck each and every time for the various services that you need to pay for. And,...
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 article, we are going to focus on living people, to...
As you know, raising a family is a full time job and can put stress on your finances. Fortunately, you can claim a tax credit to help cut your IRS bill if you have kids.
Getting a Tax Credit for Your Kids
With a tax deduction, you are reducing the total amount of adjusted gross...
Making energy-efficient home improvements and purchasing fuel-efficient hybrid electric vehicles is no longer just an environmentally friendly move -making these purchases could save you money at tax time.
That’s because the Energy Policy Act of 2005 will offer consumers federal...
Buying a hybrid car gives the phrase go green a whole new meaning. Not only is it good for the environment, its also good for your pocket book. Check out the tax benefits of hybrid vehicles for yourself.
The government has decided that encouraging drivers to do their part to protect the...
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.
Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse and dog races and casinos. Unfortunately,...
In the largest criminal tax case ever filed, KMPG has copped a plea to using fraudulent tax shelters to bilk the government out of 2.5 billion dollars. KMPG has agreed to pay a fine of $456 million dollars, but nine of its executives still are under indictment.
Son of Boss Tax...
Accelerated depreciation in the fourth quarter of 2004 can provide significant tax shelter to many parts production job shops or tool and die shops, according to capitol equipment financing specialists at Makino, a global provider of advanced machining technology.
Operations that invest...
If youve done much web research about setting up a limited liability company, or llc, youve seen the advertisements that tout Nevada. The pitch is pretty simple. Because Nevada doesnt levy an income tax on individuals or corporations, you should form your llc in Nevada. The implied promise is...