Tax Planning

If your employer provides a company vehicle for you to use when conducting company business, you may be wondering what tax consequences the arrangement will have. The right time to ask this...

January 1 may be the magical date for kicking bad habits---but if adopting good financial ones is on your New Year to-do list---consider April 15 as Fiscal New Year's Day. Here are some ways to...

Business use of a vehicle is one of the more complex tax deductions associated with employee business expenses or a Schedule C business. Since it can also be one of the most productive deductions...

Whether you are a self-employed or an employed hairdresser, you have a variety of expenses that are associated with your craft. Taking advantage of all the tax write-offs the law allows will help...

The alternative minimum tax (AMT) was instituted by Congress in 1969 to ensure that the most affluent taxpayers pay at least a minimum amount of tax. The AMT increases the amount of tax owed by...

Both high school and college bring new opportunities for students and their parents. Many of those opportunities introduce new financial concerns to the student's family. Knowing the tax...

Teachers are often underpaid and underappreciated. There is one group that understands what teachers go through and wants to give them a little break--the IRS. The IRS offers many deductions and...

It is never too early to start planning for taxes, because it is the now that gets taxed. So many people will start up the turbo tax program next January and wish they had developed a plan. So...

There are two ways to claim deductions on your taxes, and depending on your income and ability to keep expense records, there's a big difference between the two. For most it's pretty obvious which...

Your moving expenses are tax deductible if you meet IRS requirements. The best part is that you don't have to itemize to take advantage of this deduction. Moving expenses are considered an...

The deferral clause has been in the tax code for more than half a century. Corporations are often allowed to defer taxes using the concept of accelerated depreciation. With accelerated...

April 15th is the income tax filing deadline, however, there are some things you can do now to prepare to do your taxes. Completing these steps will enable you to prepare your taxes easier and...