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The Past and Present of Income Tax
By :
Richard A. Chapo
They say death and taxes are the only two certain things in life. Alas, this wasn’t always the case. Well, at least for the income tax.
IIRP - Industry Tax Issue Resolution Program
By :
Richard A. Chapo
For roughly the last ten years, the internal revenue service has made a fairly major effort to be more taxpayer friendly. The Industry Tax Issue Resolution Program is one such step.
Alternative Minimum Tax – Online Tool
By :
Richard A. Chapo
Hell hath no fury like a person who just found out the alternative minimum tax applies to them. The IRS has set up an online tool to figure out if you do.
Small Employers Rejoice – IRS Simplifies Filings
By :
Richard A. Chapo
One of the largest burdens on very small employers is dealing with taxes. Fortunately, the IRS has taken a major step to reduce this burden.
Tax Quotes and Jokes
By :
Richard A. Chapo
Like death, paying taxes is inevitable. In the case of most Americans, tax season is just around the corner. If only paying taxes was so easy.
2006 List of Tax Scams Released by IRS
By :
Richard A. Chapo
Every year, the IRS issues a list of tax scams. The goal is to alert taxpayers to the lack of merit of certain strategies as well as letting everyone know the IRS will not accept them.
Hybrid Vehicles and Tax Benefits
By :
Richard A. Chapo
You have to love car dealers. With the passage of the Energy Policy Act of 2005, car dealers are screaming about the tax benefits of buying these vehicles. Here’s the scoop.
The Taxpayer Advocate Can Help With The IRS
By :
Richard A. Chapo
Every business has a department that deals with complaints from customers. At the IRS, this department is known as the taxpayer advocate office.
Tax Returns for the Deceased
By :
Richard A. Chapo
Two things in life are certain – death and taxes. Here’s what to do if the two are combined as far as filing a tax return.
Tax Returns - Should You Itemize?
By :
Richard A. Chapo
When you finally decide it is time to prepare your taxes, the first question is whether you should itemize your deductions or take the standard deduction provided by the IRS.
Getting Help With Your Tax Preparation
By :
Richard A. Chapo
Nothing leads to more gnashing of teeth than the thought of preparing your own taxes. Fortunately, there are people out there that do it for a living.
Capital Assets – Gains and Losses for Taxes
By :
Richard A. Chapo
Capital is a unique term when it comes to taxes. If it gains value, you pay a tax. If it loses it, you can write at least some of the loss off.
The Advantage of Tax Software and How to Get It
By :
Khieng Chho
Tax is most often the bane of all profits.
Home Appreciation and Capital Gains
By :
Richard A. Chapo
The last seven years has seen tremendous appreciation in home prices. This brings up the issue of home capital gains tax issues for people when they sell.
Moving To A New Location – Tax Information
By :
Richard A. Chapo
In modern America, it is rare to find a person or family living in the same place for thirty years. Most of us move five or ten times, which means taxes become an issue.
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