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What Is An LLC Tax Deduction? By : Michael Williams Limited liabilities companies or LLCs are a tricky bunch to get any kind of LLC tax deduction on. This is because the LLC tax reduction is not actually recognized by the federal government. Find out more... Applying For A Small Business Tax Deduction - First Steps By : Michael Williams Those small business owners, who like to save money, would do well to check out the small business tax deduction. This deduction is a way to lower the amount of tax you would have to pay. Find out more... What Is A Standard Tax Deduction? By : Michael Williams One thing you can always count on is the standard tax deduction. This deduction is one almost everyone can take advantage of it is an amount that is taxable as a flat amount. Find out more... Get Money Back With Vehicle Tax Deduction By : Michael Williams If you decide to be environmentally conscience and buy a car with a gasoline engine and electric motor you should be able to take advantage of the vehicle tax deduction. You can also take advantage of the tax reduction if you have bought a car that runs purely on electricity. Find out more... What Can A Real Estate Tax Deduction Do For You? By : Michael Williams Owning a property can help you benefit from the real estate tax deduction. This tax deduction can actually be broken down in to several separate advantages. Find out more... Selling Your Business- Deal Structure and Taxes By : Dave Kauppi When you sell your business, getting good tax advice before the deal is structured is worth its weight in gold. Income Tax Problems Can Be Solved By : Robert Bibb Many income tax problems start with marriage, divorce and death. Many people who are single file their own return and then don't worry about income tax problems because they are simply filing a W-2. Avoiding the AMT Trap By : Alan L. Olsen, CPA, MBA (tax) More and more taxpayers are finding a hidden tax on their individual tax returns. This tax was originally designed to not allow taxpayer in the higher income brackets take advantage of tax driven policy like deducting a lot of itemized deductions, high local and state tax deductions, child exemptions, or a mortgage deduction. Making Your Medical Deductions Count By : Alan L. Olsen, CPA, MBA (tax) April 15th is almost here and if you are owing tax it may pay to take a second look at that return to see if you claimed all medical deductions you are entitled to. Your diligence in keeping track of expenses will pay off. IRS Publication 502 has a complete listing of all medical costs deductible. Following are some of the commonly overlooked medical deductions. IRS Incentives for Hybrid Owners By : Michael Plante The hybrid car has not come into the world without a shroud of rumors following carefully behind. From rumors of exploding batteries, electrical and digital nightmares, and poorly met expectations letting down consumers, the hybrid has had to struggle to overcome many misconceptions... IRS Approves Saturn Vue Green Line for Tax Credit By : Richard A. Chapo The IRS is working its way through various automobiles that qualify their owners for tax credits. The Saturn model of cars has just been reviewed with one particular model being approved. The IRS vs Mother Nature By : Richard A. Chapo The IRS recently met its match in the form of Mother Nature. Yes, the massive flooding in Washington, D.C., took out the IRS headquarters. New Procedure for Settling Tax Debts with the IRS By : Richard A. Chapo The Tax Increase Prevention and Reconciliation Act of 2005 has ushered in new rules for settling tax debts with the IRS. Here is the scoop on the compromise procedures. Changes to IRS Tax Settlement Rules By : Richard A. Chapo In recent years, the IRS has made a concerted effort to get people back into good status by reaching deals on overdue taxes. The rules affecting this program have just changed dramatically. IRS Helps Employers By Reducing Filings Required For Employees By : Richard A. Chapo If you own a business and have employees, you have an inherent feel for the joy of filing employee related tax documents. Alas, the IRS is cutting back on the burden.
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