Taxpayers Should be Aware of New Tax Penalty

Congress has added yet another IRS tax penalty, one that could catch a number of taxpayers off guard.

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.

Options For Getting Your Taxes Prepared

This article looks at the options you have for getting your taxes prepared. From the do it yourself method, to hiring the pros, we look at the pros and cons of each.

What To Do If You Need Help With Your Taxes

Are you trying to prepare your taxes, but you're stuck with what to do next? This article will let you know all of the options you have when you need help.

Reporting Foreign Financial Accounts

If you are a US citizen, it is important to know that you must report the presence of any foreign financial accounts you have per IRS rules and regulations.

Wholesale Business - Tax Season Tips

Smart business saving tips for getting to enjoy Uncle Sam tax-loopholes even more, this season

What Taxes You are Responsible for as an eBay Seller?

There are three types of tax that you will be responsible for when you start your eBay business. They are 1) sales and use tax, 2) payroll tax and 3) income tax.

Tax Planning For Ecommerce Operations

There was a time in the not so distant past when the majority of companies had very clear cut tax options. They were guided by a set of local, State, and National tax laws. They owed their taxes and they had to pay them. There were creative ways to reduce their burden, but it still remained fairly simplistic compared to today's global market situation. Ecommerce, or business over the internet, has led to the idea of onshore versus offshore tax implications. Onshore, in this case, refers to a business whose ownership is located in the same physical location as their operations. Offshore refers to the rest of the World.

Have You Overlooked These 2006 Tax Deductions?

Telephone tax refund – This is a one-time refund and many taxpayers are not aware of its existence. Married couples, with no children, can receive a $40 refund. Those with one child can claim $50 & those with two, $60.

How to Make a Sizable Charitable Donation From Your IRA - Tax Free

If you are over 70 1/2, have an IRA and are charitably inclined, a new law allows you to make a substantial gift from your IRA — tax-free. However, there is a narrow window of opportunity.

Free Tax Programs - File Taxes For Free

Did you know that the Internal Revenue Service (IRS) has agreed to a 4-year partnership with 19 online tax software companies? This partnership agreement has been named the Free File Alliance. The Free File Alliance, was first formed in October of 2002, making free tax programs available to millions of American taxpayers. The (IRS) Free File program lets taxpayers, that meet the requirements, file their taxes for free.

Who Must File An Income Tax Return

Is income tax illegal? Do I need to file? Don't make the mistake of not filing this year even if you think you don't owe. Read our guide to determine your filing status.

Real Estate Tax Deductions

As a property owner, you need to find ways to save money and earn income during the course of the loan. Being a homeowner there are many way to claim tax deductions to save money on the cost of owning property. In addition, you want to learn ways to make money.

The Badly Misnamed Earned Income Tax Credit

In reality, a credit in the tax code is a credit against taxes paid. In Washington D C speak, a welfare payment becomes a credit. This euphemism the Earned Income Tax Credit has an almost melodic quality about it.