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Getting Help With Your Taxes
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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 ...
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By Richard A. Chapo Hits: 27104
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How To Avoid Double Taxation Of Your Small Business Profits
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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 ending lawsuit. Forming ...
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By Wayne M. Davies Hits: 20121
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Accounting Methods ?每 Cash and Accrual
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When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and the accrual method.
Cash Method
If you are looking for simplicity, ...
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By Richard A. Chapo Hits: 2377
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Are You Overpaying Taxes If You Use Tax Preparation Software?
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For many business owners the answer to this quandary is tax preparation software. Fill out a fairly simple interview, click ?※print?§ and out comes a completed return that will pass muster with the IRS. The answer to all your problems?＃or is it?
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By Richard A. Chapo Hits: 14783
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Corporations Failing To Claim AMT Exemption Overpay Taxes By $11,000
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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 Treasu ...
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By Richard A. Chapo Hits: 23207
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Correspondence From The IRS ?每 Yikes!
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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?
Don?＊t Panic
Each year, the IRS sends out millions of ?※correspondence audits?§ to ...
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By Richard A. Chapo Hits: 15997
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Deducting Points On Home Refinances
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Any points that you pay in the refinancing of your residence are tax deductible over the length of the loan in question. The deduction is allowable only if the residence is your primary home and the new mortgage replaces a previous one and/or is used ...
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By Richard A. Chapo Hits: 22429
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Doh! IRS Loses Taxes In San Francisco Bay
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On September 23, 2005, the Internal Revenue Service began sending notices to tax payers in thirteen states that there may be a problem with their tax payments. Here is the scoop.
Traffic School?
It seems one of the truck ...
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By Richard A. Chapo Hits: 20000
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Donating Cars To Charity - New Tax Rules
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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.
Fair Market Value ...
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By Richard A. Chapo Hits: 20110
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Early Distributions From Retirement Plans
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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.
Any payment that you receive from your ...
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By Richard A. Chapo Hits: 26550
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Employment Taxes ?每 Depositing With The IRS
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If your business has employees, you must pay employment taxes. The payment system can be a bit confusing, so this article discusses how to go about depositing employment taxes with the IRS.
Depositing Employment Taxes
To ...
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By Richard A. Chapo Hits: 1438
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Employment Taxes ?每 What Are They?
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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?
Employment taxe ...
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By Richard A. Chapo Hits: 871
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Failure To Pay Employment Taxes ?每 Penalties
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As an employer, you must pay employment taxes if you have employees. Fail to pay and the IRS will rain all over your parade.
Penalties
If you have employees, you absolutely must deduct and withhold various taxes from the ...
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By Richard A. Chapo Hits: 1217
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Fraudulent Tax Shelters ?每 KMPG Goes Down Hard
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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 ...
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By Richard A. Chapo Hits: 2497
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