Tax Alternatives: The Negative Income Tax

Nothing gets people more riled up than a discussion of taxes, but what alternatives are there to the current system? The negative income tax is one such possibility.

Secrets of Offshore Banking

Discover the secrets of offshore banking and incorporation. Is it legal?

An Instant Pay Raise Can Help Your Spouse Stay Home With the Kids!

Over 70% of American families have two bread winners. But often the second breadwinner is not bringing home enough to make it worthwhile, particularly if the trade off is putting the children in day care. The author analyzes the typical two income family situation and proposes a solution that will allow many spouses to stay home and get paid by the IRS.

Child Care Tax Deduction 101

For parents of children 12 and under, the child care tax deduction can be a life saver to working parents. Parents should become familiar with the tax information regarding the child care tax deduction. If they aren’t sure what to do, there are many tax professionals which can offer tax advice on how to claim this deduction. All of this can help them when it comes time to file taxes online.

2006 Income Tax Estimator, Calculator Online

Are you wondering how much money you will get back on income tax this year? Whether you use income tax money to pay bills or go on a vacation, you have the opportunity to know how much money that will be today, by estimating you taxes.

10 Do's and Do Not's for Filing and Lowering Your Taxes

Small Business owners can 179 themselves into lower taxes and individuals can reduce the threat of an audit by following a few simple steps.

Figuring Your Basis, Get It Right, Reduce Your Taxes, Get It Wrong and Pay Much Higher Taxes

Congress votes in over 100 new Tax Laws every year. The software programs do an excellent job of implementing these changes, however, I am not sure how well they do with finding the loopholes.

Deducting the Home Office: Who Cares About Recapture?

The home office deduction is one of the least understood deductions. Many taxpayers avoid the deduction, frequently on the advice of their tax accountant or attorney, for fear of an IRS audit or concerns over the recapture of depreciation when their personal residence is later sold. This article will provide a brief description of the tax savings components associated with the home office deduction for both itemizer and non-itemizer taxpayers and provide some net present value illustrations so that you can see the impact of the recapture of depreciation when your personal residence is sold. The impact is modest.

Get Your Taxes In Order As The Year Comes To A Close

If you complain about paying taxes, and who doesn’t, then you need to take steps to limit the pain next April. Yep, you should always make adjustments to your finances at the end of each year.

Year End Investment Ideas and Tax Strategies

First thing Monday morning I'm going to march into my boss's office and demand a pay cut so that I'll be in a lower tax bracket next year. Your Financial Professional's perspective may produce smart tax advice but only professional investors (not accountants, attorneys, stockbrokers, financial planners, advisors in general) should be called upon for acceptable investment advice.

Real Estate Tax Breaks for Your Home

It is always beneficial during tax season to own real estate, which gives you many annual deductions. If you purchased residential real estate during this year, however, you can look forward to even more generous savings at tax time.

How Taxes Apply To A Partnership Company

A partnership agreement is made between two or more partners, who mutually agree to set-up a business or become a part of it after the business takes off.

Do It Yourself Income Tax Preparation Services Online

Doing your income tax return yourself can be a challenge. Learn how online income tax preparation can make this yearly chore a lot easier. It's estimated by the IRS that over 70 million people will file their taxes online this year. Many of these 70 million tax filers will use the do-it yourself method offered at, IRS approved online income tax preparation services.