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IRS Gives Victims of Hurricane Katrina More Relief
By :
Richard A. Chapo
The IRS has announced further tax relief for victims of Hurricane Katrina due to slow clean up efforts and obviously devastated areas.
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.
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 Lock-In Letters – What’s An Employer To Do?
By :
Richard A. Chapo
Employers often ask employees to designate the amount of tax withholdings for paychecks. Occasionally, employees will fail to withhold a sufficient amount in the eyes of the IRS. The IRS will then send a “lock-in” letter on the amount to be withheld. What’s an employer to do?
IRS Owes You Money If You Paid Long Distance Phone Taxes
By :
Richard A. Chapo
The IRS has decided to give up the fight on an ongoing legal issue regarding taxes it has collected on long distance telephone services. Here is the scoop.
IRS Simplifies Reporting Requirements for Corps
By :
Richard A. Chapo
The IRS is heavily promoting electronic filing options. This promotion has run into problems with corporations because of complex regulations. The IRS is now moving to correct this problem.
IRS Wants to Know About Fake Emails Using IRS Name
By :
Richard A. Chapo
Obviously, you use the Internet or you wouldn’t be reading this article. Since you use the web, you know about phishing scams or should. Some scams are now using fake IRS identification.
IRS Warning Taxpayers About New Email Scams
By :
Richard A. Chapo
If you have an email account, you know about all the scam emails you get. Scammers are getting braver and using the IRS name in their new tactics.
Is Your EBay Activity a Business or a Hobby?
By :
Kristine McKinley
Many eBay sellers start out as a hobby, or just to clean out their closets. Many times, this hobby can lead to a profitable business.
A hobby is an activity that you do simply because you love doing it, but it may also earn you some income. That income must be reported on your tax return, even if it is just a hobby.
Keeping Records Of Your Work From Home Business
By :
Obinna Heche
When you are working from home, there are several things that you should always be doing. One of these things is to make sure you are keeping the right records for your business.
Legalities & Tax Advantages In A Home Business
By :
M Paglia
tax advantages of a home business.
Make Your Accountant Your Best Friend
By :
Richard A. Chapo
Many people just assume their accountant will cut their taxes as much as possible. To get the biggest benefit from them, you need to be a bit more proactive.
Make your business proficient with outsourced accounting
By :
Michelle Barkley
Outsourced accounting has become the order of the day for many business enterprises due to its proficiency and accuracy that lead to churn out more profits day by day.
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.
McCain's tax cuts won't help you but these tax strategies will
By :
Drew Miles
No one wants to pay more taxes than they are lawfully required to. But sometimes in their quest for lower taxes, many people will fall prey to many scams that promise a lower tax bill. In the end, these scams are always more trouble than they are worth.
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