2.2 Billion Dollars in Unclaimed Tax Refunds About To Expire

For all the complaining about taxes, it is rather amazing that taxpayers leave so much money on the table each year. The IRS recently announced that 2.2 billion dollars in refunds are about to expire unclaimed.

Reporting Foreign Financial Accounts

If you are a US citizen, it is important to know that you must report the presence of any foreign financial accounts you have per IRS rules and regulations.

The Hope Credit

The Internal Revenue Service offers help to taxpayers paying for tuitions. One of these ways is the Hope Credit. You are allowed to take a credit of up to $1,650 per eligible student.

What To Do If You Need Help With Your Taxes

Are you trying to prepare your taxes, but you're stuck with what to do next? This article will let you know all of the options you have when you need help.

Reducing Tax On Investments: Avoiding Inheritance Tax

Inheritance tax (IHT) is normally payable on death but can be partly payable earlier. It is also sometimes called a voluntary tax because there are so many ways of avoiding it. However, they are not straightforward. Read this article to find out more.

Taxation

Taxes is a difficult issue that effects everybody's life. The notion of fair taxation system is a merely mystical one because no matter how well planned it is, there will be people who will not be satisfied for a number of reason.

Gray Area Tax Deductions: If Your Business Needs It - Why Is It A Gray Area Deduction?

Deduct that coffee grinder if you need it for your business. Gray area Tax Deductions are often dismissed by Tax Preparers, when they shouldn't be. If you need an item, it most likely is deductible. If you have a question - ask a Qualified Tax Consultant.

Federal Tax Credit For Hybrid Cars

One of the big incentives to buying a hybrid is the Federal Tax Credit that rewards you for your good environmental efforts. But they had to do this, otherwise not many hybrids would be sold!

TurboTax Versus Your Accountant: Which is Better?

Trying to choose between a tax accountant and tax software? Bestselling author and CPA Stephen L. Nelson says most taxpayers should go with something like TurboTax or TaxCut. He says only two circumstances warrant hiring a pro...

Can These 4 Tax Tips From the IRS Save You Money This April 15th

The much Dreaded April 15th tax filing day is fast approaching. Here are 4 tax tips direct from the IRS that can help save you money and aggravation.

Tax and Financial Impacts of Divorce

A divorce is always an emotional and volatile situation. Anger, hostility, and mistrust are very common especially in the early stages. It is important to be aware that the Internal Revenue Service is not going to be the least bit interested in these problems, nor are they going to care who is to blame. If there is ever a time to try to work together and set aside the disagreement, it is at tax time. It is very helpful to get some professional tax advice because the rules do change a bit during this time and there are provisions in the tax codes that address divorce.

Beware the Part Time Tax Preparer

If there is something people enjoy less than preparing their tax returns, it is hard to imagine. If you look to another to do the job, be very careful who you pick.

Types of Income that are Not Taxable

As you know, the income you earn is taxed by the government. Alas, not all income is treated the same. In fact, some is considered off limits and is not taxed at all.

What About The Taxes On My Wholesale Consumer Electronics From China?

Remember, your suppliers are from foreign lands. They won’t know how to deal with your tax situations until you fill them in on what’s up with your country’s tax regulations. So go check out your supplier’s wholesale consumer electronics offerings, compute the costs and do your homework now and get started with the lucrative business of selling Chinese wholesale consumer electronics.

What State Taxes Can Businesses Deduct

If you run a business, you are looking for as many deductions as possible to knock down the tax you have to pay. Following are some highlights of the taxes you can deduct that are collected by anyone other than the federal government.