What is a 1031 Exchange?

1031 Tax Exchange from the IRS will allow you to save a lot of money, but how? What is it exactly?

Understanding Capital Gains Tax

One of the most common yet least understood taxes imposed by the government on investors is the Capital Gains Tax.

Your Business and Your Estate - Succession Planning

Things don't always turn out fairly when the business owner leaves the family business to the next generation.

3 Tips For Keeping Proper Tax Records For Your Home Business – And Keeping The IRS Happy!

Need help keeping good records and preparing your taxes? These tips will help you save time, money - and keep the IRS off your back!

Preparing For Next Year's Taxes

Well, most of us are through with our taxes for this year. And now is the perfect time to say what we will do differently next year.

Using This Years Taxes to Save On Next Years Taxes

You just got done paying taxes or filing an extension and are grumpy. If you are smart, you will use this miserable event to save some cash for next year.

Dear John Letters From The IRS

Undoubtedly, you are aware of Dear John letters. Often a young lady sent them to men in the military, often containing bad news. Well, the IRS sends them to taxpayers as well.

The IRS Solution If You Cannot Pay Your Taxes

The Internal Revenue Service wants you to pay taxes on time. That being said, it understands this is not always possible and has created a program for such situations.

What IRS Requires for Your Home to Qualify as Your Principal Place of Business

There are complicated IRS rules that allow you to deduct expenses for the business use of your home. One rule allows you to deduct expenses if you use a portion of your home as a business office if you to meet the exclusive and the regular use tests. If your home does not meet the exclusive and regular use tests, another IRS rule may allow your home office to be your principal place of business.

IRS E-Filing; Is It Helping Our Government Collect Taxes?

It got off to a rather rocky start, but it is alive and well today and each year more and more Americans are filing their taxes this way and it is saving our government money in administrative costs and making it easier for Americans to file the taxes...

Dealing With The Internal Revenue Service

The mail has arrived and oh, no there is a dreaded letter from the IRS. Don’t panic yet, it maybe something as innocuous as information they think you might need, a question of where to apply a payment you made or even a refund check for an overpayment. But should it be more serious, all is not lost.

Income Tax Tips to Possibly Save You Money

Do you prepare your own income tax return to save money on preparation? If you do, or you are planning on using this method on your next return, there are some things that you should know that will help you to avoid making costly income tax errors. Errors that can cost you some of your refund or that can cost you in time having to amend your return and send it in again.

Legally Avoid Out of State Use Taxes

Selling out of state? Not sure what you should be doing about sales and use tax? Read on entrepreneur.