Business Expenses Tax Deduction - How Do I qualify?

The business expenses tax deduction can be a workers best friend if they know how to properly take advantage of it. What exactly is a business expenses tax deduction and what can qualify you for it or can be claimed under it? Find out more...

Cheating the Taxman

Have you ever thought about cheating on your taxes? Learn how to take advantage of legal ways to reduce taxes

Why Would You Want To Use Tax Deduction Software?

With all the options in tax deduction software it is hard to distinguish which ones are offering the best deals. A lot software is web-based, but there are still a few that can be loaded onto your personal computer. Find out more...

IRS Sets Telephone Tax Refund Amounts

In a recent decision, a federal court overturned a telephone tax that has been charged for years. Given the result, the IRS has decided to issue refunds for past collected taxes.

IRA Tax Deduction - Any Benefits?

Having an Individual Retirement Arrangement can not only help you in the long run, but also with an IRA tax deduction; it can help you in the short term as well. Basically an Individual Retirement Arrangement or an IRA is a personal savings plan that helps you put away for the future. Find out more...

What Is An LLC Tax Deduction?

Limited liabilities companies or LLCs are a tricky bunch to get any kind of LLC tax deduction on. This is because the LLC tax reduction is not actually recognized by the federal government. Find out more...

Give Me The Scoop On Medical Tax Deduction Benefits

A lot of people incur medical costs during the year, but do they know they can receive medical tax deduction benefits from this? If they did they would be able to save huge amounts of money when it comes to medical expenses. Find out more...

Grassley Pushes For Change To Executive Pay Tax Laws

Senate Finance Chairman Chuck Grassley said on Wednesday that he will continue to examine whether the tax policy that appears to encourage backdating needs to be changed.

IRS and California To Crackdown On Options Backdating Together

The IRS has joined with California's local stock options backdating task force to investigate alleged backdating of stock options iwth an intent to defraud.

10 Things Every Taxpayer Needs to Know About the Pension Law

The new pension law provides a surplus of tax breaks likely to affect taxpayers and retirees and includes provisions regulating charitable giving and tax deduction procedures. A list of important provisions is provided in the following article.

How Are Monies Invested Within a PAT?

Should the funds in a Private Annuity Trust be invested in stocks, bonds, mutual funds, or investments that guarantee the principle. Is this a place to aim for a home run, or to insure that you will get the payments you are promised?

Raising Taxes Hurts Individuals and the Consumer

It is a known fact that high taxes in any nation hurt the individual and this is because the government is inefficient compared to businesses in the things that they do and when they tax us, the money they spend is not well spent. If on the other hand taxes are low and the individuals and consumers have more money to spend they are much better with their money and much more efficient.

How Long Does the IRS Have to Collect Taxes From You?

IRS can extend the ten-year period by suing you in federal court. This does not happen very often, so I am told.