Start-up Costs - How to Deduct Them

A new business incurs start-up costs before beginning the active conduct of a business. How may a business owner deduct start-up costs? The rules changed for start-up costs paid or incurred after October 22, 2004, as a result of the American Jobs Creation Act of 2004. This article explains these rules.

Inheritance Tax, and How to Avoid it

Karl Marx, Andrew Carnegie and John Maynard Keynes all favored high inheritance taxes. Fortunately, you don't have to take financial advice from any of them: this article reveals one way of avoiding inheritance tax altogether.

How To Choose A Good Tax Advisor

There is a major difference between a tax preparer and a tax advisor. Tax preparers, although many may advertise that they can save you money with your taxes or get you a better return, their actual job is really focused on the actual paperwork of filing out your taxes. A tax advisor is actually what you should look for if you are hoping to save money on your income tax.

What You Need To Know About Tax Write-offs For Casualty Losses

Life is full of ups and downs, and there is no way of predicting when you will suddenly find yourself in a bad situation. However, there is at least one up side to disaster; most can be counted as casualty losses or deductions on your taxes. While you won’t get all the money back you lost, for major losses, it is worth claiming the deduction.

Useful Tips To Help Make Your Tax Preparation A Breeze

Preparing your taxes can be daunting and stressful, especially since the average person is not an expert on tax rules. So here are some basic tax preparation tips to help make your tax preparation go a little more smoothly.

Tax Season – Time for Scams

As tax season draws irresistibly closer, the scam artists are polishing their latest techniques. This article should help you keep an eye out for these nasty individuals.

Getting a Tax Credit for Your Kids

As you know, raising a family is a full time job and can put stress on your finances. Fortunately, you can claim a tax credit to help cut your IRS bill if you have kids.

What To Do If You Didn't Get a W-2

If you worked in a salaried position during 2005, your employer should issue you a W-2 form for your tax reporting. So, what if you haven’t received one?

Here's Some Interesting Tidbits About the Annual Gift-Tax Exclusion

Here are some interesting tidbits about the annual gift tax exclusion that you should be aware of.

Tax Changes You Should Know for 2005 Returns

Every year, you have to file tax returns and every year there are changes to the tax code. Here are some key changes for 2005 to keep in mind when you prepare returns.

Tax Returns for the Deceased

Two things in life are certain – death and taxes. Here’s what to do if the two are combined as far as filing a tax return.

Tax Preparation and Electronic Tax Preparation Options

Just in time for tax season you will find yourself presented with this years editions of popular tax preparation programs that promise to make tax filing a breeze for the average person. Which one is right for you and what are some of the most popular electronic tax filing solutions? Read on as we discuss your tax preparation options and explore the popularity of electronic tax filing.

Tax Accounting

Accounting is the recording, interpretation and reporting of financial transactions. Each and every business must keep proper record of all such transactions. There are several branches of accounting such as financial accounting, managerial accounting and tax accounting.

How To Reduce The Chance Of An Audit By Over 50 Percent

Looking for a way to significantly decrease the chance of an audit?

The IRS Levy and Legal Powers of Garnishment Defined

The Financial Management Service (FMS) is a bureau of the Department of the Treasury, to provide a centralized debt collection service to most federal agencies. The FMS has begun utilizing two Congressionally mandated federal debt collection programs. One is devised to collect delinquent non-tax debt by neutralizing federal payments and the other is to collect delinquent tax debt from those individuals who receive federal payments.