Personal Finance Videos

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...

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...

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...

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...

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...

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...

An accounting degree is useful for those going into auditing, tax accounting, investing and private practice. Find out how to use an accounting degree with helpful information from a practicing...

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...

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...

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...

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...

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...

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...

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...

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...

Qualified charities should be able to provide documentation for the donor showing that they are registered, so that the donor is able to claim their donation on their taxes. Deduct charitable...

Organization and good record keeping is the main secret to saving money on taxes. Understand what type of organization is important for saving money on tax returns with tips from an experienced...

Gathering all W2 and 1099 tax forms into one place at the end of the year is important to make filing taxes as simple as possible. File a quick and easy tax return with very little effort with...

Typically, the value of the clothing in a closet is not anywhere near what was actually paid for it, so it is important to get a donor's estimate of value, and put that on the receipt for taxes....

Deducting car lease payments and expenses from a tax return can be done if the owner keeps records of all the expenses occurred by owning the vehicle, including mileage and gas expenses....

In order to claim gambling losses as deductions on a tax return, records must be kept of all winnings and losses during the whole year. Understand all the important details of what can and can not...

Legal fees incurred to keep a job or to settle title disputes are deductible on a tax return. Understand all the important details of what can and can not be claimed as deductions in relation to...

Clothes are only tax deductible if they typically can not be worn anywhere else, such as a uniform. Understand all the important details of what can and can not be claimed as deductions in...

A few typical tax deductions that most people are able to take involve doctor's and dentist bills, as well as homeowner and property taxes. Understand all the important details of what can and can...

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...

Charities qualified as a 501C3 charity should be able to provide documentation of their charitable status for the donor to be able to claim it in their taxes. Deduct charitable contributions on...