Your Home Based Business Tax Deductions-Are They Legal?

The Internal Revenue Service determines whether your claimed home based business tax deductions are legal using various criteria...These are some of the questions that must be answered to ensure your home business tax deductions are legal in the sight of the IRS.

Do You Make These 9 Common Income Tax Mistakes?

Its income tax time again. With the April 15th Deadline fast approaching you need to beware of these 9 common income tax mistakes as stated by Intuit the makers of Turbo-Tax.

Tax and Financial Impacts of Divorce

A divorce is always an emotional and volatile situation. Anger, hostility, and mistrust are very common especially in the early stages. It is important to be aware that the Internal Revenue Service is not going to be the least bit interested in these problems, nor are they going to care who is to blame. If there is ever a time to try to work together and set aside the disagreement, it is at tax time. It is very helpful to get some professional tax advice because the rules do change a bit during this time and there are provisions in the tax codes that address divorce.

Federal Tax Credit For Hybrid Cars

One of the big incentives to buying a hybrid is the Federal Tax Credit that rewards you for your good environmental efforts. But they had to do this, otherwise not many hybrids would be sold!

Gray Area Tax Deductions: If Your Business Needs It - Why Is It A Gray Area Deduction?

Deduct that coffee grinder if you need it for your business. Gray area Tax Deductions are often dismissed by Tax Preparers, when they shouldn't be. If you need an item, it most likely is deductible. If you have a question - ask a Qualified Tax Consultant.

Early Retirement Distributions and Tax Consequences

If you participate in a retirement plan, you can start distributing money at 59 and half years of age. Ah, but what are the tax consequences if you do so at an earlier age?

A Look At Tax Deferral Methods

A look at a few different types of tax deferral methods, and how each works. We take a look at IRAs and a few different 401k plans.

How Teenagers Can Give Themselves a 10 Percent Pay Raise

Do you know that if you are still in school, working part time, you may not need to file annual Federal taxes? I am not talking about some kind of tax dodge or cheat or funny scheme. This is simply the rules.

Tax Implications on Personal Injury Settlements

If you have been in an accident, you may require the assistance of Boston personal injury attorneys to help you with your personal injury settlement. These kinds of settlements are good if you need to recover lost wages or need to obtain the right amount of money to pay for the medical bills from your injuries.

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.

Tax Deductions You Might Have Missed

As April 15th draws ever closer, many taxpayers are starting to actively hunt for tax deductions to lower their bill to Uncle Sam. Here are a few that many people miss out on.

2.2 Billion Dollars in Unclaimed Tax Refunds About To Expire

For all the complaining about taxes, it is rather amazing that taxpayers leave so much money on the table each year. The IRS recently announced that 2.2 billion dollars in refunds are about to expire unclaimed.

Artists - Tax Season Runs Year Round

Many people file their taxes, breath a sigh of relief, and stop thinking about them until next year. But to really take advantage of the tax systems, working on them needs to be ongoing-