Article Today tax lawyers, income tax, irs tax, tax deduction, business tax, property tax, tax return Statistics Unique Visitors: Total Unique Visitors: Outgoing: Total Outgoing: 2 0 185 1288

Articles from Article Today

Corporations Failing To Claim AMT Exemption Overpay Taxes By $11,000 2008-01-02 11:50:00 Does your incorporated business pay alternative minimum tax [“AMT]? If so, there is a 93% chance you have been overpaying your taxes by an average of $11,000 a year according to the Treasury Inspector General.The Office of the Treasury Inspector General for Tax Administration was created in 1999 to oversee the IRS. One of the duties of the Treasury Inspector General is to study and report the ...

10 Thoughts on Tax Offer in Compromise 2008-01-02 11:48:00 Beware of advertisements that claim to settle tax debts for "pennies on the dollar". Check the Offer In Compromise requirements to see if it is right for you.1. If you are unable to pay a tax debt in full, if the taxpayer establishes to the satisfaction of the IRS that he either: has no means of paying the tax, or does not actually owe the tax--and an installment agreement cannot be worked out-- ...

Tax Secrets - How Drew Miles Helped Me 2008-01-02 11:47:00 How about a Tax Tip?As we all know Taxes are a necessary evil. While none of us like paying taxes there are many strategists out there that can make your life a lot easier when that dreaded day arrives.Recently I received a "Tax Tip" that saved me a ton of money and allowed me to reinvest some of that money back into my business.I met a man names Drew Miles. Drew is a tax and asset protection ...

Understanding Basic Tax Terms 2008-01-02 11:46:00 If your like many, you don’t always understand what people are talking about when it comes to Taxes. It’s important to know the main tax terminology, especially when tax season comes around. Knowing the basics will make tax season less of a hassle for you, and maybe even save you some money. There are hundreds of terms; Below are some of the most important:Tax Form A Tax Form is the form that is ...

Take Control of Your Taxes 2008-01-02 11:44:00 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.By "address," what I really mean is take control. This is true whether you live in the U.S. or just about any other country. Agree or disagree with the "fairness ...

E-commerce Taxation 2008-01-02 11:43:00 The means and types of businesses have transformed with advent of era of e-commerce, resulting in global seller and buyer. The Internet offers consumer choice, business efficiency and recreation.As a means of global communication it is so powerful in operation, yet so simple to use. Coupled by these benefit, there have emerged legal issues e.g. conflict of laws, consumer protection, securities ...

To Tax or Not to Tax - This is the Question 2008-01-02 11:41:00 To tax or not to tax - this question could have never been asked twenty years ago.Historically, income tax is a novel invention. Still, it became so widespread and so socially accepted that no one dared challenge it seriously. In the lunatic fringes there were those who refused to pay taxes and served prison sentences as a result. Some of them tried to translate their platforms into political ...

Small Business Tax Deductions for Year End 2004 2008-01-02 11:40:00 As a small business owner, it's wise to familiarize yourself with some key deductions that may reduce your tax bill for 2004.Employee Benefit Plans - You may deduct contributions to employee benefit plans (such as health insurance plans and retirement plans). Depending on your circumstances the maximum contribution that you may deduct per employee in a qualified retirement plan can go up to: ...

Uncle Sam is Ready...Are You? Organizing Tips for Tax Time 2008-01-02 09:57:00 Anyone who is closely related to an accountant knows that there are not four, but five seasons in a year: Spring, Summer, Fall, Winter, and 'Tax Season.' During the other seasons, we accumulate leaves, snow, and mosquito bites. During 'Tax Season' we accumulate paper. And more paper. And if you have a small business or investments--even more paper.Whether you hire someone to prepare your taxes or ...

IRS Offer-in-Compromise, Don't Get Ripped Off! 2008-01-02 09:56:00 "Settle for Pennies on the Dollar! IRS debts settled for $20 Wipe out the Penalties with an Offer"-such is the language of Offer-in-Compromise promoters. What they fail to tell you is that one has to qualify for an Offer and few taxpayers will be able to meet the tough standards for an OIC.The Offer-in-Compromise (OIC) has been around for a long time, but it wasn't until 1992 that IRS started ...

Car Donation: An Easy Way to Support Your Favorite Charity and Get a Tax Deduction 2008-01-02 09:55:00 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?The answer is: charitable deductions.Did you know that charitable contributions are deductible from your taxes? Most people only think ...

Home Business Tax Tips 2008-01-02 09:54:00 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.Get yourself an accounting ledger bookletThe first thing that you need to do at the beginning of every year is purchase yourself a ...

How to Maximize Your Home Business Tax Deductions for 2005 2008-01-02 09:53:00 Someone once said, ‘the best way to calculate your taxes is…Honestly’. For 2005, add ‘Smartly’ to that and you’ll get to keep more than you make. This April 15th is going to be the day of reckoning for every taxpayer. If you are smart enough with your accounting and keep your eyes and ears open, this could be your favorite day of the year. Take full advantage of tax deductions due you and you can ...

Business Tax Loophole: Leasing Assets To Your Corporation 2008-01-02 09:51:00 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.Just because you incorporate doesn't mean that the corporation must own all of ...

How To Get An Instant Pay Raise 2008-01-02 09:50:00 As a gentleman was leaving my class recently, he wanted me to clarify something I had said. He was making sure that he should take his four or five thousand dollar tax refund and pay off debt.I was stunned. This money represented $400-$500 that could have been in his pocket every month. A survey of my friends this week revealed one who was getting back $2800 and one getting $3300 back this ...