Inheritance Tax, and How to Avoid it

Karl Marx, Andrew Carnegie and John Maynard Keynes all favored high inheritance taxes. Fortunately, you don't have to take financial advice from any of them: this article reveals one way of avoiding inheritance tax altogether.

Tax Incentives for Saving for Education

Recent statistics show Americans are simply not saving money for the future. To encourage savings, the government has come up with tax incentives.

Second Homes - Tax Benefits and Potential Tax Pitfalls

Many people are buying a second home to use for vacations or to acquire a home to be used in retirement. Some provisions of the tax law treat a second home the same way as a primary home. However, other tax provisions applicable to a second home differ from the tax rules that apply to a principal residence. This article explains the tax benefits and potential tax pitfalls in owning a second home.

Tips For Preparing Your Taxes from the Internet

When it comes to preparing our taxes, many of us could use some help. The following websites offer guidance and information that may assist you in learning about how to get the most out of filing your returns.

Your Mutual Fund and Tax Consequences

If you own a mutual fund as a regular savings account, you may be subject to paying taxes on your mutual fund. If you had a substantial income or capital gain distribution, you may have substantial taxes.

Understanding Capital Gains Tax

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

10 Ways To Reduce Tax Burden For Your Small Business

An ideal lawyer will not just have a string of impressive credentials or gold lettering on his door. He or she will be caring, concerned, and devoted to their work. You need to think carefully before laying your trust in a lawyer after all in some cases your life, future, money or property will be in his hands.

The Business Tax Basics

This article is an overview of the most frequently required tax forms and issues you may face. Your required business tax issues can be complicated and overwhelming. The first thing you must do is consult your tax professional for all tax questions. If you have employees, there are certain tax forms that you must file. As a business entity, you will have to pay income tax and file a Form 1040 or self-employment tax and file Schedule SE (Form 1040).

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!

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.

Tax Tips for Writers & Authors

Making a living as a writer? These tax tips could save you thousands of dollars a year.

Using IRS Form 8829 to Deduct Expenses for Business Use of Your Home

Form 8829 is used to claim the allowable expenses that you can deduct for business use of your home on your federal tax return. To deduct expenses for the part of your home used for business, it must be used exclusively and regularly or it must be your principal place of business.

How To Get A Letter From The IRS That Says You Are Recognized As A Non-Taxpayer

Most individuals in the US currently are required to file a 1040 Form. However there is a little know process that you can use to change your filing status with the IRS to that of a NON-Taxpayer. Therefore no 1040 Form is required.