Tax Facts For Freelancers (Pt 1)

In these tough times, it becomes more important than ever for freelancers to familiarize themselves with steps that can keep their taxes to a minimum - and, of course, keep them out of legal trouble.

Tax Facts For Freelancers (Pt 2)

In these tough times, it becomes more important than ever for freelancers to familiarize themselves with steps that can keep their taxes to a minimum - and, of course, keep them out of legal trouble. If you need additional information or guidance in specific areas, you should contact the IRS or consult your personal tax advisor.

Reducing Tax On Investments: Avoiding Inheritance Tax

Inheritance tax (IHT) is normally payable on death but can be partly payable earlier. It is also sometimes called a voluntary tax because there are so many ways of avoiding it. However, they are not straightforward. Read this article to find out more.

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 Blunders and IRS Frailties - Amended Returns

Forget that extra income you worked hard for last year, and you left it off your taxes - Shame on you! All may not be lost, just file an amended tax return and fix your error before April 15 of the tax year and you'll be okay.

Federal Tax Credit For Hybrid Cars

One of the big incentives to buying a hybrid is the Federal Tax Credit that rewards you for your good environmental efforts. But they had to do this, otherwise not many hybrids would be sold!

What Kind Of IRS Tax Law Attorney Do You Need?

OK, you have come to the conclusion that you need an IRS tax law attorney to help with your current tax problems or for tax advice, but there is still one question that needs answering: what kind of tax law attorney specifically do you need?

Do You Make These 9 Common Income Tax Mistakes?

Its income tax time again. With the April 15th Deadline fast approaching you need to beware of these 9 common income tax mistakes as stated by Intuit the makers of Turbo-Tax.

Should I Use An Income Tax Preparation Service Or Buy Tax Prep Software?

The IRS would like to welcome you to the income tax preparation season of the new year! That's the way the taxes work. While on one hand you are enjoying the beginning of the new year and on the other you are looking back at the previous year while coming to terms with the pending tax bill. Find out how to make the best of tax season-

Your Home Based Business Tax Deductions-Are They Legal?

The Internal Revenue Service determines whether your claimed home based business tax deductions are legal using various criteria...These are some of the questions that must be answered to ensure your home business tax deductions are legal in the sight of the IRS.

Common Mistakes to Avoid on Your Tax Return

Preparing your tax return is a task similar to mating with an elephant. It takes a long time, there is a lot of yelling and you usually have a headache by the end. All of this can lead to mistakes on your return.

Losing Weight Can Get You A Bigger Tax Refund

Did you know that losing weight cannot only save your life, but also put more money in your pocket? The IRS classifies certain costs related to weight loss as tax deductible, meaning that dieting can increase the amount of refund (or lower the amount you have to pay.)

Best Resources For Tax Information

If you don't know where to go for tax advice or it's time to change where you get your advice, this article will assist you!

Home Office Deduction - IRS Red Flag?

If you run your business out of your home, you may be able to write off a portion of your electricity, gas, telephone, water, and sewer bills, along with some of the mortgage interest and even the cost of the house itself! Don't let an old wives' tale about drawing unwanted attention from the IRS scare you off. In this article, a leading CPA and small business advisor explains the home office deduction in language you can understand.

How To Choose The Right Tax Attorney

It is absolutely necessary to choose the right tax attorney if you are burdened with tax issues such as being audited, having IRS tax debt, being accused of investment fraud or other IRS-related concerns. If you ignoring the tax problem will only make it worse it is best to get a tax lawyer.