Tax Preparation Videos

After receiving unemployment, the government allows individuals to be tax exempt from $2,400 of the payments. Understand the taxes relating to unemployment with help from an enrolled agent in this...

When claiming cash purchases on a tax return, be sure to include detailed receipts that illustrate what was purchased and how it was paid for. Deduct even cash transactions with help from an...

A low income tax credit, known as the Earned Income Tax Credit, is available in varying amounts for families who make up to $43,000 per year. Understand the eligibility requirements for a low...

There are various companies that offer free online state tax filing, especially for low income households. Find help when filing state taxes with help from an enrolled agent in this free video on...

Travel expenses can sometimes be claimed to get a tax credit if it is business-related and if the company does not reimburse travel costs. Itemize travel expenses on a tax return with help from an...

A T-balance, also known as a trial balance, is calculated by recording total income for the year and all of the individual expenses. Subtract the expenses from the total income to get the trial...

When filing taxes on a long-term disability, be sure to find out whether the employer paid for it, which is fully taxable, or if you paid for it after taxes, which is not taxable. Find out how to...

Off balance sheet tax structures are sometimes necessary to accommodate various situations, such as Key man Insurance contracts and land agreements. Understand when off balance sheet contracts are...

A health savings plan can be set up by deducting up to $2,500 a year for tax-free medical use. Find ways to pay for medical expenses that are tax deductible with help from an enrolled agent in...

Clothing donations are tax deductible if they are donated to a recognized charity and if accurate receipts are kept. Deduct large amounts of donated goods with help from an enrolled agent in this...

Starting up a business that does tax preparation involves first purchasing the right software. Obtain any locally-required licensing and credentials to start up a tax business with help from an...

Medical expenses can be deducted on a tax return if they exceed 7.5 percent of your total income. Find out how to deduct medical bills with help from a tax specialist in this free video on filing...

Donated items can be deducted on your taxes by entering them in on line 17 of a 1040 form. Keep the receipts for donated items with help from a tax specialist in this free video on filing taxes.

Anyone can file their taxes online at no charge by filing through the IRS Web site and filing out the proper forms. Find out how to e-file an income tax return with help from a tax specialist in...

The best way to prepare small business taxes is to use a good-quality accounting software to keep track of all business expenses and earnings. Find out how to organize small business finances with...

To pay property taxes online, visit the local county tax Web site that offers ways to pay bills and make payments over the Internet. Find ways to pay taxes electronically with help from a tax...

Tax brackets are dependent upon an individual's total taxable income for a given year, and each bracket is assigned a percentage rate. Determine your tax bracket based on total household income...

A tax ID number can be obtained through the IRS Web site by filling out an online application. Get a tax identification number for a small business with help from a tax specialist in this free...

Revoke a child tax deduction because of a change in status of the dependent child by filing an amended tax return with the correct information. Make sure to send the amended tax return to the...

Legal fees are generally not deducted from personal taxes, but they can be deducted if a lawyer is used to help set up a business. List legal fee tax deductions for a small business on a schedule...

Net income tax liability is basically the amount of taxes owed by an individual based on income, expenses and deductions. Use the appropriate 1040 tax form to determine net income tax liability...

The penalties for not filing or paying income taxes can range from around half a percent of the amount due per month, up to 25 percent of the total amount. Find out how IRS fines for unpaid taxes...

Tax deductions for business use of a car can either by done by keeping track of the percentage of mileage used for business as compared to personal use, or by taking the standard mileage...

When running a business at home, keep track of tax deductions for office space used within the house and car mileage used for business trips. Find out how to make tax deductions when running a...

When filing income taxes, claim deductions for health savings account contributions, retirement account contributions, educational expenses, moving expenses, child care expenses and any other...

Filing a tax return in two states requires finding out what forms are required for different states, keeping track of what income was made in each state and discussing options with IRS...

To file taxes for previous years, obtain the proper forms, fill out the tax information, make sure that the forms are sent to the appropriate office, and make arrangements for paying penalties....

File taxes for past years by filling out the tax forms as soon as possible and contacting the IRS about penalties and payment options. Don't lose a potential refund by not filing taxes on time...

Filing taxes on benefits will requires determining what type of benefit has been received, reading the instructions for the benefit line on the tax form and listing the information within the...

File extra income taxes after you have already filed your taxes by getting an amended return form, filling out the form and checking the mailing address to ensure the form gets to the right place....

Find tax forms and instructions by visiting the IRS Web site and clicking on the link for tax form publications. Check with the local library to find tax forms and instructions with advice from a...

Get a copy of last year's tax forms by filling out a form 4506 and paying any applicable fees. Get a transcript of old tax forms for free by simply calling or e-mailing the IRS with the...

Pay taxes on a side income by using the schedule C or schedule C EZ form to itemize revenues and expenses in order to come up with an amount of reportable income. Keep track of all side income...

There are two main tax deductions for college--the Hope Learning Credit is good for up to $1,800 for the first two years of college, and the Lifetime learning credit is good for $2,000 for several...

A W4 tax form is the formed filled out by new employees that informs the employer of how many deductions and withholdings to take out of the employees check each week. Avoid taking all available...

Whether disability benefits are taxable will depend on the type of benefit, who is paying the premiums on the policy and what type of disability is being collected. Contact the office that is...

Hobby expenses are deductible under federal income tax laws if the hobby has been turned into a sideline business that can show a profit for three of the past five years. Take deductions for a...

Tax write-offs work by allowing individuals to claim an expense and reduce the total adjusted gross income that can be taxed by the federal or state government. Find tax write-offs and tax credits...

Calculate federal income tax that needs to be paid to the IRS by using a 1040, 1040A or 1040EZ form, finding your taxable income in the table, choosing a tax status and locating the amount of...

Filing a tax return will require filling out either a 1040, 1040A or 1040EZ form with income information, deductions and dependent information. Choose the tax form that will be simplest for your...

File late taxes by using the same forms that are used for regular tax filings and then contacting the IRS to discuss payment options and penalties. Avoid putting off doing taxes just because...

Federal income tax deductions for self-employed business can include the cost goods and products, rent for a business, office supplies and mileage for a business car. Document tax deductions...

Tax deductions for a hybrid car purchase must meet several criteria generated by the IRS. The car must be on a qualified list of hybrid cars, and it must be used for personal or business uses....