IRS Won't Forgive Taxes Owed by eBay, Amazon 'Hobby' Sellers

Many part-time online sellers believe they aren't liable for paying federal income tax. But even if you have a full-time job where income is withheld for taxes, Uncle Sam still wants his cut from your part-time selling profits.

Don't Go to Jail for Failing to Pay State Sales Tax on Internet Purchases

Many online sellers believe Internet sales aren't subject to state sales taxes. Bookseller Steve Weber explains why it's best to check with your state revenue office.

Do You Know The Major Tax Return Mistakes To Avoid?

Tax season always brings out talk about 1040 EZ forms and W-2s, but most of us are in the dark about what to do with our tax returns even with the long set of directions the IRS puts in with the forms. There is always the option of paying someone else to take care of it, and for many people it is best option.

Cyprus Buying Investment Property - How to handle CGT

Everyone knows about capital gains taxes these days and tips to reduce the tax paid are welcome. This article tells how you can reduce this to a minimum when you come to realise your property investment in Cyprus. But you will still have to pay UK CGT but the good news is that you can set off what you have paid in Cyprus. Finally the article tells you how to avoid paying Cyprus CGT all together.

Take a Two-Week Vacation and Rent Your Home for Tax-Free Income

All income is taxable unless the law allows a specific exclusion. One of the allowable exclusions is the rental of your home for up to 14 days a year. This article provides an explanation of how a taxpayer can take advantage of this exclusion to generate tax-free income while enjoying a two-week vacation.

Get a Jump Start on Your Taxes

Preparing and filing your taxes is a less than exciting task. Much like visiting the dentist it something that must simply be done. There are ways to make it a little less painful.

Earnings From Abroad and Taxes

With the every expanding global economy, many people receive earnings from foreign entities. Unfortunately, the federal government wants you to pay taxes on it.

Where to Deduct Tax Preparation Fees

Are tax preparation fees deductible only as a miscellaneous itemized deduction for all taxpayers? Has the IRS issued a ruling that shows where taxpayers may deduct tax preparation fees to save the most in taxes? If you own rental real estate or you are self-employed, you need to read this article.

Tax Changes You Should Know for 2005 Returns

Every year, you have to file tax returns and every year there are changes to the tax code. Here are some key changes for 2005 to keep in mind when you prepare returns.

IRS Gives Victims of Hurricane Katrina More Relief

The IRS has announced further tax relief for victims of Hurricane Katrina due to slow clean up efforts and obviously devastated areas.

Taxpayer Advocate – Customer Service at the IRS

Every business has a department that deals with complaints from customers. At the IRS, this department is known as the taxpayer advocate office.

Tax Preparation and Electronic Tax Preparation Options

Just in time for tax season you will find yourself presented with this years editions of popular tax preparation programs that promise to make tax filing a breeze for the average person. Which one is right for you and what are some of the most popular electronic tax filing solutions? Read on as we discuss your tax preparation options and explore the popularity of electronic tax filing.

Tax Accounting

Accounting is the recording, interpretation and reporting of financial transactions. Each and every business must keep proper record of all such transactions. There are several branches of accounting such as financial accounting, managerial accounting and tax accounting.

Your Home and the IRS

How to calculate the cost basis of your home for tax return preparation.

Revealing the Truth Behind the Garnishment Laws

Garnishment law has been in force to improvise the mode of collection of payment for the money due towards the federal government or any other creditor. Garnishment law also states wage garnishment according to which the money is deducted directly from the person's salary after assessing the monthly expenses vis-a-vis monthly income.