The IRS Trust Fund Recovery Penalty: What Happens if You Don't Pay Those 941s?

How IRS determines liability when payroll taxes are unpaid and a corporation fails or becomes insolvent. Possible defenses to the assertion of the penalty.

Per Diem Rates and Business Taxes

The tax code for the United States is over 50,000 pages. Buried in this code is the subject of per diem rates, a topic that can save businesses money on their taxes.

Tax Debt Help

People getting caught in the web of tax debt are increasingly common. Tax debts occur due to financial problems caused by prolonged unemployment, layoffs, illness, accidents, or divorce. And if you are one among them, do not get overwhelmed by tax debt, as there are several simple ways to solve all the tax debt problems and to keep the tax collector out of sight.

Buffet Speaks for Retention of Estate Tax

Billionaire Warren Buffet called on U.S. lawmakers to retain the estate tax in a speech on Monday.

Uncle Sam, the IRS, and Your Work at Home Business Tax Deductions

Are you keeping up with everything for your CPA regarding your work at home business? It’s better to be safe than sorry. While on vacation, what you can deduct. Do you employ your kids? Bottom line is, keep good records.

1031 Exchange Info Guide 101

A smart tax saving tool that is gaining popularity among the real estate investors by enabling them to defer the entire capital gains tax is 1031 Exchange.

1031 Exchange Lowdown Guide

A 1031 exchange or Like kind exchange is defined by section 1031 of the Internal Revenue Code or the IRC. According to IRC if an asset, most often some form of real estate such as land or building is sold and the proceeds of the sale are re-invested in a similar asset then there is no gain or loss and the deferment of the capital gains taxes is permitted.

IRS Dictates Employee Withholding Amounts

IRS regulations now allow it to dictate to an employer the withholding rate for an employee without regard to the employee's W-4 or situation. This needs to be read by every employer!

The Tax Payer as Gilligan

This article introduces a correlation between government overspending and how it may encourage inflation. It is a call to action for investors to factor in inflation-adjusted numbers with their retirement projections.

IRS Approves Saturn Vue Green Line for Tax Credit

The IRS is working its way through various automobiles that qualify their owners for tax credits. The Saturn model of cars has just been reviewed with one particular model being approved.

Tax Credits for Toyota Hybrids To Be Cut In Half

If you purchase a new hybrid car after January 1, 2006, you can get a major tax credit for doing so. Alas, the tax credits applicable for Toyota hybrids are about to be cut in half.

Employer Cash Incentives To Employees For Hybrids

Many companies offer their employees cash incentives to undertake certain actions such as buying a hybrid car. It is important to remember that such situations have tax consequences

A Pain-Free Tax Season: Organization Tips For Small Businesses

Paying taxes might be painful, but preparing for tax season doesn't have to be! Learn how to get your small business finances organized and ready for this year's tax filing, and put away the aspirin!

Figuring Out Your W-4 Withholdings

If you are employed by a business, you have the ability to play with the withholding on your paycheck. Fortunately, there is an easy way to do this online these days.