Is Your eBay Activity a Business or a Hobby?

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.

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...

Alimony, Child Support and Taxes

Society seems to change daily as time passes. The once proud institution of marriage has definitely taken a hit. With roughly half of all marriages failing, tax issues have to be addressed.

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.

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-

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.)

Do You Have To File A Tax Return?

The general assumption is that everyone must file a tax return each year. This is not entirely true. In some situations, an individual or married couple need not file.

Tax Planning Opportunities and Installment Sales

Before engaging in an installment transaction, review you portfolio to check out the consequences. As usual, careful planning can yield significant tax savings and can allow for the use of tax benefits that have been carried over for years. Knowledge is power.

IRS Offers Free State Sales Tax Deduction Calculator

If you itemize your deductions, you may be in for a windfall on this years tax. Yep, Congress has renewed the optional sales tax deduction. Of course, you have to figure it out.

Online Tax Filing: Why File Taxes Online?

More and more Americans are filing their taxes online. Online tax filing is secured, convenient, and helps you stay on top of new deductions. In addition, you don't have to worry about getting to the post office just before the midnight deadline.

Getting Rid of Tax Debt

With all of the many kinds of debt out there, the most upsetting and worrisome is tax debt. We all have this inherent fear of the IRS and getting rid of this debt ASAP should be at the top of your priority list. Does this always mean paying it all off now? Not necessarily, there are some other options for you to consider.

Didn't Get A W-2 From Your Employer?

Working for an employer has its perks. One of them is you get a W-2 summarizing your earnings and taxes paid. But what if your employer didn’t issue one to you?

March 1st is Florida's Filing Deadline

March 1 is the annual filing deadline for property tax exemption in Florida. This includes not only the homestead exemption, but also charitable, religious, educational scientific and literary exemptions, as well as agricultural classification.

Tax Saving Tips: Keep More of Your Hard Earned Money in Your Pocket

Are you looking for ways to decrease your tax debt? All it takes is a little time and effort and you, too, can pay less money in taxes. Visit with your Tax Planning Consultant to find ways to stop the tax money drain, today.

How To Pay a LOT Less Tax Using The IRS Travel Deduction

The IRS allows you to deduct many of your expenses related to business travel. If you do a lot of travel for work, this deduction could be quite large, but keeping track of your mileage and expenses can be difficult. A PocketPC software application can make this easier while keeping the detail of your deductions at the required level. You save time and reduce your taxes to save money.