Unclaimed Tax Refunds - How To Claim Yours

We've all heard about the millions of dollars in unclaimed refunds each year, but do you know how to find out if you're owed money? Here's how to find out.

Estate Tax - What It Is And How It Is Filed

Learn about how the estate tax works.

How the Gift Tax Works

Each year millions of Americans give a gift to other individuals that they know. Gifts can be considered anything from a new vehicle to a trip to a piece of land. A gift tax is a tax that is imposed when an individual gives away a certain amount of gifts that are considered valuable.

Income Tax Preparation

Income tax preparation is an important aspect of everybody's life. Each April 15th, United States citizens scramble to get their tax return preparation completed in time for the deadline. In order to make income tax preparation easier, there are many tools available to help make the process smoother. Free income tax preparation and online income tax preparation are methods that are readily available to help make tax season a bit easier.

When Is It Safe To Deep-Six Those Income Tax Records?

You need no reminder to hold on to your tax records in case your returns are questioned by the Internal Revenue Service. But just how long do you need to save those old records that clutter up your closets and desk drawers?

Tax Implications on Personal Injury Settlements

If you have been in an accident, you may require the assistance of Boston personal injury attorneys to help you with your personal injury settlement. These kinds of settlements are good if you need to recover lost wages or need to obtain the right amount of money to pay for the medical bills from your injuries.

Tax Time! Have You Maximized Your Medical Expenses?

Filing your taxes can be complicated and overwhelming, so much so that you and even your accountant may overlook some simple deductions this year that you can take when it comes to your medical expenses. The following article mentions some of these items. You may be surprised at what medical expenses you CAN deduct and what qualifies as a medical expense. Don't miss out!

Early Retirement Distributions and Tax Consequences

If you participate in a retirement plan, you can start distributing money at 59 and half years of age. Ah, but what are the tax consequences if you do so at an earlier age?

How to Value Your eBay Inventory for Tax Purposes

One of the questions I hear most often from eBay sellers is how to value inventory, especially if it was purchased at a garage sale, or if you used the item before you sold it on eBay. For new items that you purchase for inventory, make sure you keep all of your receipts. In addition, you might want to keep a spreadsheet with a description of the item purchased, date, and the purchase price, including shipping costs.

TurboTax Versus Your Accountant: Which is Better?

Trying to choose between a tax accountant and tax software? Bestselling author and CPA Stephen L. Nelson says most taxpayers should go with something like TurboTax or TaxCut. He says only two circumstances warrant hiring a pro...

What is a Tax Attorney

While many business owners recognize the importance of having a secretary and an accountant at their disposal, few realize the equally significant need of having a personal tax attorney

Beware the Part Time Tax Preparer

If there is something people enjoy less than preparing their tax returns, it is hard to imagine. If you look to another to do the job, be very careful who you pick.

Types of Income that are Not Taxable

As you know, the income you earn is taxed by the government. Alas, not all income is treated the same. In fact, some is considered off limits and is not taxed at all.

Structured Sales For CPAs-Attorneys-And Financial Advisors

While Installment Sales of real property, businesses, and collections are long established and understood by most tax professionals, Structured Sales and the concept of utilizing an assignment company and an annuity to guarantee payment may be new to many professional advisors including CPAs, attorneys, financial planners, and other insurance professionals.

Tips On How To Get Your Tax Refund Faster

The tax refund. While taxes may not be all that enjoyable, the tax refund tends to bring a smile when someone finds out they get one. But there is usually some waiting involved. Here's some tips on how to get it faster.