Filing Those 1099 Forms

It’s important for freelance stock photographers to familiarize themselves with the steps they can take to keep their taxes to the legal minimum. Our tax consultant, Julian Block gives expert advice on tax issues like the example below.

Above the Table, or Not - How to Ensure Tax Compliance For You & Your Eldercare Employees (Part 1)

With the older population in the United States on the rise, the need for household employees to provide care to them, as well as the need for the household employer to comply with payroll tax laws for those employees, is greater than ever.

Corporation Tax Benefits

Here is a method business owners are using to gain tax benefits.

Reviews On Top Three Free Online Tax Preparation Services

The IRS has teamed up with nineteen different software companies in order to offer free or low cost tax preparation to the national public. Many people in the United States don’t actually have access to this information and they spend much more than they need to in order to file their taxes.

What's New For 2006 Tax Deductions?

Every year, the IRS changes some of the specifics for tax deduction and they usually don't inform the national public about the detailed changes so people are usually left to just buy new software like Tax Cut or Turbo Tax.

Deducting Care Of The Elderly

As a society, we are growing older. This means many more people must care for the elderly in their family. Fortunately, some of the expense associated with the care is deductible.

Deductions For Salespeople

A discussion of tax deductions is great and all, but most people want to know about their specific situation. The tax deductions for salespeople are covered here.

Where Is Your Tax Refund Check?

They often say you can find a silver lining with just about everything. In the case of filing your taxes, getting a refund is definitely the silver lining. That, of course, assumes you get one.

What's New for 2006 Form 1040A?

There are a lot of tax forms and it can be difficult to keep them all straight. One of them is the form 1040A for 2006 and it is important to know about the changes this form has for the current tax year. Most tax forms change from year to year at least a little bit so keeping up with the new information is critical in order to file your taxes correctly.

Congress Extends Tax Deduction For Millions of College Families

Thanks to a last minute effort by Congress in December, President Bush extended the Tuition and Fees Deduction for one more year. However, while the opportunity has been viewed as a yearlong Christmas present for some of the 4.7 million families with students in college, for many - all that glitter won't produce any gold!

Mileage Tax Deduction

2006 and 2007 standard IRS rates for mileage deductions... All you need for this is a mileage book. Then, just keep track of the miles you drive to and from places for business purposes. There are also deductions allowed for charitable contributions and for medical expenses. Below is a list of the mileage rates, as published by the IRS, for 2006 and 2007.

Move As Much Of Your Business Offshore As Possible To Slash Taxes and Increase Privacy

There is nothing illegal about booking your sales and profits in an offshore entity, and only paying taxes on the money you remit to your home country, such as the U.S. You can enjoy significant tax reduction by keeping profits not needed for your living expenses out of taxable income, corporate or personal. You'll also get asset protection against predatory lawsuits, and keep your estate away from the tax man.

Gift Tax - What are the Gift Tax Exemptions?

What is a Gift? What are the Gift Tax Exemptions? IRS considers gifts exempt from tax under $12,000 per year per person. Stipulations on Gifting for Tax Exemptions: tuition expense, medical expenses, avoiding gift tax within family (between spouses and children), charitable organizations.