Tax law requires adequate records when deducting business use of your vehicle. Logging mileage and expenses contemporaneously will save more tax dollars and headaches than you could possibly...
If you plan to pay wages to employees or open a corporate bank account, you will need an Employer ID Number (EIN) also known as a Taxpayer ID Number (TIN).
New rules were instituted in 1999 for claiming an office-in-home deduction on your tax return. If you couldn't deduct these expenses under the old tax law, you may be able to do so now.
Is Uncle Sam knocking at your door? If you have taxes to pay and no means to do so, try coming up with a workable plan to get your taxes paid or excused.
Whether you are overseeing a corporation or running a small business from your home, you will at some time in your career need to engage the services of a good accountant.
Donating money or property is a good way to help a needy organization and get a tax write-off as well.
Financially successful people often pay high income taxes. Reducing taxes can go hand in hand with making wise life decisions.
You can itemize deductions if the total of specified payments made during the year exceeds the standard deduction for your filing status. A quick assessment can help save you tax dollars.
Americans from all socioeconomic groups are among the most generous people in the world. Tax law allows a deduction for charitable donations if you can itemize deductions.
Ordinarily, when you sell property for a profit and receive cash, the taxman is there to take his cut. A 1031 tax-deferred exchange on investment property allows you to roll over the gain from the...
If you own a rental home, you may be required to pay taxes on income that you receive from the property.
Your moving expenses may be deductible on your federal income tax return under certain circumstances.
Save time and money by using the right filing status for your individual income tax return. Your filing status determines the tax rate on your income and the standard deduction allowed.
File your taxes under the best filing status to save money. Your income tax rate and standard deduction are determined by your filing status.
The "married filing separately" status has high tax rates and few benefits. Yet there are good reasons for some married people not to file jointly.
Filing status determines your income tax rate and standard deduction. To file head of household, you must be considered unmarried and have kept up a home for a qualifying person.
File your taxes under the filing status that saves the most money. Your filing status determines your income tax rate and standard deduction.
A student may be your dependent even if she is away at school or had a gross income of $2,800 or more in the tax year.
Apply to receive up to $500 per qualifying child in credit against federal income taxes. If your income is above certain levels, the credit will be limited.
An injured spouse can get relief when the IRS withholds a joint refund due to debts or obligations of the other spouse. An innocent spouse can get relief when the other spouse makes false reports...
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Turn to eHow for tax preparation help, information on state and federal taxes, deductions and the filing process. eHow’s step-by-step instructions for filling out W-2 forms, selecting tax software and filing electronically can help ease the anxiety associated with tax time. Sold a home recently? eHow has information you need about capital gains. Whether you’ve hired an accountant or you plan to file your own return, eHow has practical, money-saving tips and tricks on dealing with the IRS, filing for extensions and paying off the taxes you owe.
