Tax Day 2007 - Update From The IRS

On January 24, 2007, the IRS issued a press release. It announced the new filing deadline for 2006 tax returns for most states.

Costly Tax Preparation Mistakes

April is a dreaded month for many people, all because it's tax month. Many people cram their tax return preparation, and this can result in many costly errors. In this article we take a look at some of the tax mistakes that millions of people commit. Avoid them, and you ensure yourself of a more peaceful tax month. You also get to save cash!

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.

How To Save Money On Taxes

Starting a business has many benefits, especially in the tax department.

Deductions For Salespeople

A discussion of tax deductions is great and all, but most people want to know about their specific situation. The tax deductions for salespeople are covered here.

Income Tax Deductions For Estates

They say death and taxes are the only two things you can count on. Unfortunately, dying is taxable. Who would have thunk it?

Married Couples Beat The Estate Tax

Next to the Alternative Minimum Tax, the Estate Tax is one of the more brutal taxes we have. If you are married, you can get around it.

5 Things You Should Know About Tax Deductions

Did you know that with just a little tax time preparation you can save a lot of money that you probably would have overlooked? Tax deductions are bountiful, but unless you are an accountant, it is not likely that you will have all the knowledge you need to save a lot on tax deductions.

College Families Will Be Overpaying the IRS – Again!

Families who made their best guess as to which of the Education Tax Incentives would save them the most on their income taxes, have put their 2006 tax returns to bed. However, for many, a sigh of relief is a bit premature. Countless families, even when assisted by professional tax preparers, chose incorrectly and will or have significantly overpaid the IRS – AGAIN!

Mileage Tax Deduction

2006 and 2007 standard IRS rates for mileage deductions... All you need for this is a mileage book. Then, just keep track of the miles you drive to and from places for business purposes. There are also deductions allowed for charitable contributions and for medical expenses. Below is a list of the mileage rates, as published by the IRS, for 2006 and 2007.

Tax Attorney Discusses the Civil Tax Fraud Penalty

Denver, Colorado tax attorney discusses the civil fraud penalty and what it means for unsuspecting taxpayers.

Oh My God - The Home Office Deduction!

Think of everything when considering a home-based business and the home office deduction. Remeber, income tax deductions are but a revenue enhancement. The most important part of starting a true business is its economic benefits, with income tax benefits to be considered later.

When is a Reverse 1031 Exchange the Right Choice?

There are many advantages to a reverse exchange, but the most obvious is that a property owner can find a replacement like-asset without time constraints. Controlling a replacement property in advance of selling the initial asset alleviates much of the pressure involved in a traditional exchange.

A Guide to Choosing Income Rating Tax Software

Income tax is something people have to file with the government every year. The amount to be paid is different for everyone and this depends entirely on one's income. The taxpayer can compute everything using a calculator or better yet use software to make the job easier.