If you’re like me, the thought of organizing your tax receipts probably doesn’t sound like much fun. Ideally, staying organized throughout the year is the best advice for tax preparation, but sometimes that just doesn’t happen. If you have trouble even getting your receipts into a shoebox, this article is for you. Part one is …
It’s Tax Time. That time of the year when you begin receiving interest statements, tax forms, and W-2s in your mail box. It is time to start thinking about doing your taxes. Before you can actually sit down at your desk or computer and fill out your 2010 federal income tax return, there is specific …
Independent contractors are people who own their own businesses and rely on that business for income. An independent contractor can also be known as a consultant or freelance worker. People in this industry typically work for many companies or clients in the same field, providing their skill or expertise for a specified period of time. …
One of the realities of life is the requirement to pay taxes. As citizens, we pay taxes to the government, and the government is supposed to provide us with various services. (What, exactly, taxes are used for, as well as how much we should pay in taxes, are debates for another day.) We pay taxes on …
One of the many benefits of working from home is all of the cost savings that come along with ditching the commute. Part of the way you can save money by working at home is by deducting certain job-related expenses from your taxable income. If you work from home, here’s what you need to know …
Working From Home – What You Need to Know About Taxes Read More »
Raise your hand if you love the IRS. Hand not raised? It’s not surprising that many people loath and fear the IRS. Tax laws are so complicated and preparing income tax returns, paying taxes, and understanding everything involved can be very confusing. Being audited by the IRS is an individual or companies biggest fear when …
Free Tax Filing, Efile Taxes, Income Tax Returns – TurboTax.com
Are you hoping for a big tax return this year? About half of all Americans get a tax return and the average amount is a whopping $3000! That sure sounds good, but what it really means is that those people have been overpaying the IRS about $250 a month. Here’s how it works: Taxes Owed …
Filing an unfiled tax return or even multiple years of unfiled tax returns may not be as big of an issue as you may believe. It may not be that big of a deal even if you cannot pay the taxes that you owe. The longer you wait the bigger issue it becomes. The consequences may get …
What happens If you Don’t File A Tax Return – Unfiled Tax Returns Read More »
Could we see a National Sales Tax or maybe a Value Added Tax What are the chances of Americans paying a national sales tax? Will a Value Added Tax (VAT) become reality? What is a VAT tax? Who pays it? What is the affect on our economy? Is it good or Is it bad? What …
More Taxes – Are We Gonna See a Value Added Tax (VAT)? Read More »