Little-Known Tax Deductions from a Voluntary Employee Benefit Association

If you are a profitable business owner and you want a large tax deduction, there is a defined-benefit plan known as a voluntary-employee benefit association (VEBA) that can substantially reduce taxes and accomplish other business planning goals. A VEBA, if done properly, not only allows deductible contributions, but money can come out of the plan tax-free for health and welfare expenses.

Uncle Sam, the IRS, and Your Work at Home Business Tax Deductions

Are you keeping up with everything for your CPA regarding your work at home business? It’s better to be safe than sorry. While on vacation, what you can deduct. Do you employ your kids? Bottom line is, keep good records.

Filed Your Google Adsense Taxes Yet?

Google adsense just like any other job requires you to pay tax on your earnings. But many people are getting in trouble for not doing so.

Buffet Speaks for Retention of Estate Tax

Billionaire Warren Buffet called on U.S. lawmakers to retain the estate tax in a speech on Monday.

Per Diem Rates and Business Taxes

The tax code for the United States is over 50,000 pages. Buried in this code is the subject of per diem rates, a topic that can save businesses money on their taxes.

How To Minimize Your Taxes On Wealth

Taxes on wealth or simply wealth tax is the tax levied on the value of wealth owned by a person. As the term ‘wealth’ carries with it a broader meaning, generally capital transfer taxes (which includ...

Are You Running to the Post Office Right Now? - Tips for All You Last Minute Tax Filers on April 15

The preparation that goes into filing taxes becomes more ardent as April 15 comes closer. According to the Internal Revenue Services (IRS), the last day for ...

Franchise Owners - April 15 Makes You Think About Your Taxes

If you own a franchise business, then there are a few taxes that you are need to pay to make sure that your business runs smoothly and you ...

Advantages And Disadvantages Of Using Tax Software

Each year millions of Americans have their taxes prepared by a professional tax preparer. Having tax returned professionally prepared reduces the likelihood of errors being reported on a tax return; ...

Learn The Tax Benefits Of A Flexible-Benefits Plan

Flexible-benefits Plan (FBP) is an employee benefits plan which helps the employees’ to save considerable amount of taxes by paying certain expenses from their pre-tax income. Some of the eligible ex...

Many Taxpayers Overlook AMT

Many taxpayers don't ever consider checking to see if they fall into the AMT. In fact, many don't even know what it is.

Home Improvement Tax Deductions

Our home is something that we all cherish more than almost everything else in our lives. This is a place to live in. and besides giving us shelter from all physical calamities it also gives much more. Unfortunately when you have a home you also have a whole other arena of tax issues to deal with.

Wise Tax Ideas

Tax troubles can actually be avoided by early and proper preparation with keen attention to details.

Appraisers Lower Costs for Federal Tax Savings on Small Property Depreciation

Tax savings through cost segregation is no longer out of reach for investors in small and medium size properties. With appraiser expertise, fees for analysis are often one-third to one-half lower than those charged by traditional preparers.

Finding Assistance with Your Taxes

Organizing your taxes can get quite nerve-racking. This is the main reason why many people would find some assistance in preparing their taxes.