General Tax Information Videos

When looking at income tax preparation software, it's important to determine if the software will be used from year to year or updated manually. Find out what will add to the cost of preparation...

Tax brackets are determined by a number of factors, such as whether a person is single, married and filing joint or married and filing separately. Learn about the hidden tax bracket known as the...

Different types of taxes include income tax, gas tax, sales tax, meals tax, beverage tax, real estate tax, unemployment tax and social security tax. Find out what these different forms of taxes...

In order to qualify for tax debt relief, a person will already have to be in trouble with their taxes. Find out how to get relief through an offer in compromise with help from a certified public...

When looking at tax returns, it's important to remember that it is one's responsibility to sign the return under penalties of perjury. Find out about reference guides for income tax returns with...

In order to find a tax preparer, it's important to look for someone who is licensed, such as a certified public accountant or an enrolled agent. Learn about checking commercial tax services with...

When filling out an income tax return, the first step is to organize receipts and income items, understanding that wages, interest and dividends go on different lines. Learn about different...

Problems with tax collection are usually due to failure to file or failure to pay, and this can be caused by sickness, a death in the family or simply forgetting to file. Find out how to make...

Calculate auto sales tax with tips from an accountant in this free video on taxes and finances.

Sales tax depends on the state and some items are not taxable, such as some food items. Calculate sales tax by contacting the state or county with tips from an accountant in this free video on...

A self-employed individual pays their side of the tax liability and the owner's side of the tax liability. Calculate self-employment tax, which is 15.3 percent if the individual makes up to 76.2...

If a hobby results in someone making money, the IRS requires that income to be reported unless the hobby costs more than the income received. Calculate taxes for hobby expenses and income, if the...

The IRS Web site shows how much money an individual will receive on rebate checks. Calculate 2008 IRS tax rebate checks, which require an individual to make between $3,000 and $150,000 with tips...

The tax rate on an automobile depends on the state, warranties and titles that are involved in the purchase of a vehicle. Calculate auto sales tax, and contact the local sales tax authority, with...

Gross income is any form of income, including rents and royalties received in any format, including checks, cash and credit cards. Calculate gross income for tax purposes, such as the subtraction...

Unfortunately, there is no fool proof solution to avoiding an IRS tax audit but controlling the cash flow in a checking account is a good tip to watch when avoiding an audit. Avoid excessive risk...

To start a financial statement audit, the auditor will send a prepared by client request list also called a PBC list. Get a financial statement audit started by beginning this list and using this...

When preparing tax information for a CPA, organization is the most important facet over all other things. Make sure all financial statements are organized when preparing a tax return with advice...

Financial audits can get expensive so knowing the type of audit being done is important to assuring the price stays fair. Ensure the price an auditor has quoted is a fair one and is not too high...

It is important to spend the stimulus check received by the government to put the money back into the economy. Discover a few fun and easy ways to spend this money with tips and advice from an...

To find out when a 2008 tax rebate check will come in the mail or be deposited into a bank account, simply go to www.irs.gov and do a quick search. Discover a few different options on finding out...

When selling a business the first thing most buyers want to see is an audited financial statement and it is very important to figure out who's going to give the best audit for the sale. Find a...

The easiest way to report tax evasion is to go to www.irs.gov and do a search for tax evasion or call the contact number. Understand the difference between tax evasion and tax avoidance with...

Inheritance can be taxed by the IRS on several different levels and preparing a schedule K 1 is the correct form to use. Learn how to properly and legally report inheritance income so that it is...

The key to writing off gas mileage on taxes is keeping good documentation to be able to justify which percent of a car is used for business. Write off gas mileage driven for business purposes on...

Unfortunately, there is no fool proof solution to avoiding an IRS tax audit but there are ways to avoid being a high risk for audit potential. Avoid excessive risk of being audited on a tax return...

If a gift of cash is under $12,000 then it does not have to be reported to the IRS and can be tax free and if married it can be up to $24,000. Give the gift of cash and avoid being taxed on it...

It is not legal to deduct home improvement costs from tax returns but it is legal to add it to the taxable basis of income. Discover some tax tips and save money with advice from an experienced...

There are five tests that someone needs to pass in order to be claimed as a dependent on any tax return and being a household member is one of them. Understand the literal definition of dependent...

To deduct home equity loan interest from a tax return, a 1098 form is required as well as a 1040. Understand all the requirements for deducting home equity loan interest from personal taxes safely...

When deducting home mortgage loan interest, do not forget to fill out line five on the 1098 form which asks for amount spent on real estate taxes. Understand all the requirements to deducting home...

Goodwill is a 501C3, and that's probably one of the most common charitable organizations that is tax exempt. Donate to an entity that is registered to accept deductible donations and understand...

Sometimes people end up owing money to the IRS at the end of the year and there are a few important details to know when writing a check to the government. Write a check to the IRS and pay off...

Giving money to certain charities that are registered can provide the giver with documentation to file along with their tax return. Deduct charitable contributions on tax returns that do not...

To get tax-free profit from selling a rental property the owner needs to have used and lived in the rental property for at least 24 months out of the past five years. Discover all the requirements...