The Two Most Convenient Option for IRS Tax Debt Relief

Browsing Category

Taxes : Business & Finance

Year-End Tax Planning Strategies

Tax planning boils down to either accelerating or deferring income or deductions. In other words, do you want to report and pay taxes on more money or less this year and do you want more or fewer write-offs? It will be useful to make an appointment with your accountant or business attorney and confi

How to Donate a Car for a Tax Deduction in Connecticut

If you have a car that you do not want to keep or no longer need in Connecticut, you can donate it to a local charitable organization in the state. You can find both national and local charitable organizations throughout the state that accept vehicle donations. When you make your charitable automobi

Oh Salvation - Your Name Is Tax Deduction

Some folks say that death and taxes are the only certainties in life. When it comes to achieving any resemblance of financial independence, tax deductions is what really matters, death is inevitable.

Tax Reporting and Backup Withholding

When it comes to backup withholding, financial institutions like banks and other businesses that pay individuals some forms of income are required to file an information return From 1099 with the Inte

The Difference Between a Tax Lien and a Tax Levy

Many people don't understand the difference between the terms "tax levy" and "tax liens." Oftentimes they confuse a Notice of Intent to Levy with a Notice of Federal Tax Lien. Although these two terms are both related to the Internal Revenue Service's (IRS) collection o

Common Deductions

Understanding tax laws can help you to save a substantial sum of money. For many common expenses, you can choose to opt for a standard deduction (a flat sum), or you can itemize your deductions, claiming the specific amounts you spent on the tax-deductible items. Consult with an...

IRS Mileage & Travel Reimbursement Rules

tax time image by Gale Distler from Fotolia.comBusiness mileage and travel reimbursement rates are used to calculate allowable deductions for federal income tax purposes. There are numerous details you will have to document to calculate deductions from necessary business expenses. These...

Raising Taxes? How About Lowering the Cost of Government?

Across the country, governments at all levels are looking to replace lost tax revenues from lowered property taxes, sales taxes, and income taxes, reductions in fees charged to new businesses for licensing, and reduced collections of delinquent taxes. In another post, I review a proposed Tax Overhau

How to Do Taxes With Your Last Pay Stub

Employers are required by law to send you a W-2 annually depicting all your income taxes paid for the appropriate tax year. Furthermore, the deadline for sending out W-2s is the end of January. If you do not receive your W-2 by the deadline, contact your employer and request it. If this proves unsuc

How Is Alimony Determined in California?

Divorce is a life-changing event that affects couples emotionally and often financially. Alimony, also called spousal support, provides the financially disadvantaged partner with living expenses. Maintaining the same standard of living experienced during the marriage is the intent of an alimony sett

The Benefits Of Using Income Tax Software

Maintaining your privacy is one of our top priorities. We will not share your personal information with any outside parties, and guarantee that you are working on secure systems.

A Great Accountant Can Make Or Break Your Company

If you business is registered in the United Kingdon it may be a necessary course of action to hire a qualifed tax accountant to handle your financial records. Keeping proper, accurate and up to date accounts can mean the difference between a peaceful existence and locking horns with the government o

Know About Automobile Tax Deductions

Learn about automobile tax deduction... it would help you getting hands on how to deal with tax. Under federal laws, automobile tax deductions in the US are available for two chief kinds of automobiles...

How Much Are Taxes for a Small Business?

The amount of tax a small business must pay can vary greatly. It will depend on factors including the structure of the business, the profit levels and the salaries paid to any employees. As well as federal taxes, a business may have to pay additional taxes to the state in which it is based.

5 Things A CPA Firm Can Offer Anyone

First and foremost, understanding what a CPA is can be beneficial for any kind of business. CPA means Certified Public Accounting and can give anyone that hires a firm or a personal business to handle the book keeping service, a leg up on the competition. Not only that, peace of mind is garnered whe

How to Make Sure Your Charity Donation Is Tax-Deductible

Donations of cash and property to qualified non-profits are tax deductible. To be deductible, taxpayers must keep records of their contributions, especially of any gifts over $250. For non-cash contributions, taxpayers must keep records indicating the value and condition of the property given to cha