Free content for your website or blog
Home About Us Article Writing Most Read Articles Authors Blog Wiki Contact Us
RSS Register Login
Topics
 

Popular Authors
view more
 

Home > Tags

Articles, tagged with "adjusted gross income"

Donating An Automobile To Charity? Don’t Forget The Tax Deductions!

29th September 2009
When donating an automobile to charity, you’ll want to think about tax deductions. According to Publication 4303, the Internal Revenue Service (IRS) and state charity officials provide general guidelines for donations. In the case than an individual ... Read >
Author: wbdoyle

First Time Home Buyers Stimulus - Some Good News During Bad Times

29th September 2009
The United States is experiencing some economic difficulty right now, as is much of the rest of the world. The news is almost full of nothing but really negative reports on just about every front. Our housing market has plummeted; sales are very low, ... Read >
Author: Wes Kennedy

The Catch to the 2008 First-Time Homebuyers Tax Credit

23rd September 2009
The first-time homebuyers tax credit has been a bit hit. Much like the Cash for Clunkers program spurred on the auto market, this tax credit has been…well, credited with sparking action in the housing market. If you bought a house in 2008 using the tax ... Read >
Author: Thomas Ajava

Pay Self-Employment Tax…

23rd September 2009
Who must pay self-employment tax? If you are self-employed, you will be responsible for self-employment tax. For the purpose of determining self-employment tax, you are self-employed if you are a sole proprietor, an independent contractor, a member of a p... Read >
Author: mastan.sagaciti

Obama Stimulus $8000 First Time Home Buyer Tax Credit Ends Dec 1st!

21st September 2009
If you are a first time home buyer and want to claim the $8000 first time home buyer tax credit, make sure you meet all the guidelines and restrictions. To qualify for the $8,000 stimulus tax credit, it must be your primary residence and you must fall u... Read >
Author: Ann Ebenezer

Donating Art

17th September 2009
Compare donating art to adopting art: both require planning. • Locate a qualifying institution to accept the item. • Pass the related use test. • Arrange for an appraisal not more than 60 days ahead of the date of gift. • Obtain a letter... Read >

Reasons to Buy Now for First-Time Home Buyers Tax Credit

16th September 2009
If you are thinking investing your money on real estate property then you should take advantage of the great opportunity that is open in the real estate market now. Even real estate agents would agree that this is an excellent time to purchase a home for ... Read >
Author: clavinee

First Time Home Buyers Stimulus - Some Good News During Bad Times

14th September 2009
The United States is experiencing some economic difficulty right now, as is much of the rest of the world. The news is almost full of nothing but really negative reports on just about every front. Our housing market has plummeted; sales are very low, loan... Read >
Author: Wes Kennedy

The Educator Expense Deduction

10th September 2009
Back to school season is in full swing, and if you are a teacher or educator then you may qualify for valuable deductions. Specifically, through the Educator Expense Deduction, the IRS allows qualifying teachers and educators to deduct up $250 worth of un... Read >
Author: Roni Deutch

Casualty Loss Hurricane

10th September 2009
Hurricane Ike inflicted a steep penalty on the Texas Gulf coast. However, there is an inconspicuous benefit – casualty loss tax deductions. Taxpayers may be able to take a 2008 deduction if either personal or business property was damaged by Hurricane I... Read >
Author: Patrick OConnor

NEW JERSEY ASSOCIATION OF ACCOUNTANTS NEWSLETTER

08th September 2009
NEW JERSEY ASSOCIATION OF ACCOUNTANTS NEWSLETTER JANUARY 2009 IRS Small Business and Self-Employed Division Will Emphasize Enforcement Activities over the Next Year By Lance Wallach Over the next 12 months, the Small Business and Self-Emplo... Read >
Author: Lance Wallach

5 Important Tips How To Save Money On Healthcare Costs

04th September 2009
The way the market is right now you have to take advantage of creative ways to take out healthcare expenditure instead of waiting for healthcare costs to be cut by the government. According to the National Coalition On Health Care, employee donations hav... Read >
Author: C R Bolden

FAFSA Simplification Could Get Complicated

01st September 2009
Copyright (c) 2009 Marc Hill The Obama administration has made it clear that college affordability for the less fortunate is a high priority on the presidential to-do list. One of the major stumbling blocks in getting economically challenged students i... Read >
Author: Marc R. Hill, CCPS, RFC

The $8,000 First-Time Home Buyer Tax Credit Opportunity Is About To End

24th August 2009
A tax credit is obtainable for qualified first-time home buyers buying a principal residence on or after January 1, 2009 and sooner than December 1, 2009. The tax credit is equal to 10 percent of the home�s purchase price up to a maximum of $8,000. ... Read >
Author: Century 21 Masters

Details on the $8,000 Dollar Tax Credit

24th August 2009
FREE REPORT How To Keep from Leaving $8,000 at the Closing Table 1. Who can get the tax credit? If you are a first-time home buyer purchasing a new home or a resale—you are eligible for the tax credit. The purchase must take place on or after Januar... Read >
Author: Mike Durr

Saving Money with Health Insurance

07th August 2009
Everyone likes to save money and your health insurance is a place where you can find savings. The easiest way to save money with health insurance is to only insure yourself for large, catastrophic medical problems or to increase your deductible in order t... Read >
Author: barclaywin

Details on the First Time Home Buyer Tax Credit

29th July 2009
There is a provision in the Housing and Economic Recovery Act of 2008 that allows first time home buyers the ability to receive a credit on their taxes of up to $7,500 for purchasing a home. There is also a provision in the American Recovery and Reinvest... Read >
Author: Robert Palmer

Private Foundation Vs Supporting Organization - What's the Difference & Which Should You Choose?

25th July 2009
You know what a private foundation is, but what in the world is a supporting organization? And how do they relate to each other? Read on to find out. First of all, the biggest difference is that while private foundations are, by definition, private, su... Read >
Author: Thomas Quinlin

The 3 Big Limitations with Itemized Deductions

18th July 2009
There has been a lot of talk recently about itemized deductions. Itemized deductions are the deductions you can claim for certain personal expenses, such as, taxes, interest, charitable donations and investment expenses. The big discussion right now c... Read >
Author: Tom Wheelwright

Is Roth Ira For You?

18th July 2009
While 401k accounts are run by your employer, a Roth IRA is control by you as an individual. Roth IRAs invest your monies in a variety of different markets. The Roth IRA taxes contributions as they're made instead of in the future. You will lose a lot o... Read >
Author: Tyson Best

Why Do You End Up Paying the AMT?

23rd June 2009
The Alternative Minimum Tax is a parallel tax system that is an integral part of our Federal income tax system. It expands the amount of income that is taxed by adding items that otherwise are tax-free under the regular tax, and by disallowing many deduct... Read >
Author: kinal

Alternative Minimum Tax Planning - Importance of Differing Types of Income

13th June 2009
As noted in the last article, the tax brackets that apply to capital gains and dividends are completely different from the tax brackets that apply to ordinary income . By definition, all income other than capital gains and dividends is called ordinary inc... Read >
Author: kinal

7 Tax Planning Tips for Families

11th June 2009
Tax planning certainly does not get any easier as your family grows. However, as long as you are fully aware of your financial situation and the steps that need to be taken, you should be ahead of the game. 1. Save Receipts Every year you should creat... Read >
Author: Roni Deutch

7 Tax Planning Tips for Families

11th June 2009
Tax planning certainly does not get any easier as your family grows. However, as long as you are fully aware of your financial situation and the steps that need to be taken, you should be ahead of the game. 1. Save Receipts Every year you should creat... Read >
Author: Roni Deutch

IRS Tax Filing: Save Money by Claiming Deductions

05th May 2009
IRS (Internal Revenue Services) tax filing is considered by many as a tough and confusing task. Everyone wishes to save money when filing returns. Various deductions can help you achieve this by reducing your taxable income and lowering your tax bill. ... Read >
Author: Aliceshown

Free Online Tax Filing.

15th April 2009
The process of Free Online Tax Filing is simple and trouble free. Our online application is simple and fast. Free Tax Filing process Provide Guarantee of 100% accuracy. Free federal tax return and E-filling services provided by Free Tax Filing. It is one ... Read >
Author: eric chilton

Uncle Sam Wants to Pay 10% of Your New Home Loan

15th April 2009
If 2009 is the year of your first home purchase, then Uncle Sam is ready to give you a gift that equals up to 10% of your entire purchase price. Known as the homeowner tax credit, the Obama Administration has finally figured out a way to make home buying ... Read >
Author: Lender411

Illinois Insurance Continuing Education - All about Roth IRA's

10th April 2009
Effective January 1, 1998, most people can fund a Roth IRA. The maximum contribution is $2,000, as in a regular IRA, but a person cannot establish a Roth IRA if they show an adjusted gross income (AGI) of $110,000 (single) or $160,000 (married). If a re... Read >
Author: Edward Hulse

File Tax Free with maximum advantage through online tax filing.

02nd April 2009
The File Tax Free is a fast and easy way to file taxes for US individuals and allow for all US taxpayers. It is also a secure way to file taxes and make a maximum return to file tax online for related accounting year. File Tax Free is an online process to... Read >
Author: filetax

3 Tips to Reduce Self-Employment Tax

27th March 2009
It is easy to see why a self-employed individual would see the self-employment (SE) tax as unfair. While in an organization, that same employee would have to pay taxes amounting to roughly 7.65 percent. However, as a self-employed individual, those same f... Read >
Author: Ron Finkelstein

Calculating Your Tax Credits and Tax Deductions

27th March 2009
Have you ever had to lean down to clear a doorway or strained to reach a book off the top shelf? Then you'll understand how uncomfortable it can be to be the wrong size. This holds true with taxes as well - a good number of tax benefits are available only... Read >
Author: Ron Finkelstein

Individual Medical Insurance Coverage

27th March 2009
If you've been recently laid off from work and your COBRA benefits have expired or are near expiring, or if you are self-employed, then your only recourse to obtain health insurance would be to purchase your own individual medical insurance coverage.Thoug... Read >
Author: HK

You Can Reduce Self-Employment Tax... Here's How!

25th March 2009
All the self-employed people are annoyed with the high self-employment (SE) Tax. There is a valid reason to be frustrated; SE Tax is twice as the federal payroll tax. Where a employee pays 7.65% federal tax, a self employer has to pay 15.3% of SE tax. The... Read >
Author: Ron Finkelstein

7 Tax Tips for Married Couples

19th March 2009
Between the ever-evolving tax code, dozens of new credits and deduction, it can hard for married couples to know where they stand. If you and your spouse are having troubles with your taxes then please consider the following 7 tax tips for married couples... Read >
Author: Roni Deutch

7 Tax Tips for Married Couples

19th March 2009
Between the ever-evolving tax code, dozens of new credits and deduction, it can hard for married couples to know where they stand. If you and your spouse are having troubles with your taxes then please consider the following 7 tax tips for married couples... Read >
Author: Roni Deutch

New Legislation offers more opportunities to first-time buyers

09th March 2009
Already known for its affordable housing prices, solid employment base and appealing cost of living, Houston remains one of the most solid housing markets in the country, with more selection in affordably priced new homes in prime locations. And now with ... Read >
Author: Lisa Zapalac

First Time Home Buyer Tax Credit

09th March 2009
Already known for its affordable housing prices, solid employment base and appealing cost of living, Houston remains one of the most solid housing markets in the country, with more selection in affordably priced new homes in prime locations. And now with ... Read >
Author: Lisa Zapalac

Tax Deductions – Money You Might Miss

09th March 2009
Come tax time, we are all trying to find ways to pay less in taxes. If we can get some money back, that would be even better. Ideally, it would not be so difficult for us to figure out what we are legally entitled to claim. Unfortunately, that is not the ... Read >
Author: Ken Rios

Here's What You Need to Know about the New Tax Law

06th March 2009
The recently enacted "American Recovery and Reinvestment Act of 2009" (2009 Economic Stimulus Act) includes a wide-range of tax incentives, many of which are retroactive to the beginning of the year. This week I'll share the changes impacting individuals... Read >
Author: Tom Wheelwright

First-time Homebuyer Tax Credit

05th March 2009
Some recent analysis indicates that the following rules may apply – albeit some changes could be forthcoming as we get the “weigh in” from tax professionals around the nation: The deduction is worth 10 percent of a home’s value up to $8,000. T... Read >
Author: Ric Del Vizo

Tax Deductions - What Does That Really Mean?

04th March 2009
Our tax system would have a pretty hard time being more complex. If you are like most Americans, you hear terms like tax deductions, tax credit, adjusted gross income and you want to know more, but you never really do any research. It is not until you rea... Read >
Author: Ken Rios

Tax Planning

20th February 2009
Tax planning allows for the opportunity to have an individual's financial affairs arranged in order to minimize one's taxes. There are actually three very basic means of having taxes reduced, with each method possible with the use of several different var... Read >
Author: arcel

File Tax Online with Free Efile Tax.

12th February 2009
The Status of filing is an important factor when computing taxable income under the Federal Income tax in related taxable year of your income. The correct amount of tax can be determined whether you can take certain tax deductions or exemptions that could... Read >
Author: filetax

File Tax Free with maximum advantage through online tax filing.

09th February 2009
Basically, File Tax For Free is an electronic filing program for federal income tax preparation for eligible taxpayers. The Internal Revenue Service (IRS) developed this electronic filing program with a group of Free File Alliance LLC i.e. a group of Ta... Read >
Author: filetax

Taxes: What's New for 2008

31st January 2009
Minimum Income Requirements The minimum income required to file a tax return has increased for the 2009 tax season. If you made below the minimum income for your filing status, you may not need to file a tax return. The minimum income levels for varyin... Read >
Author: arstringfellow

Fast And Free Online Tax Filing

12th January 2009
The process of Free Tax Filing Online is simple and trouble free. Our online application is simple and fast. Free Tax Filing process Provide Guarantee of 100% accuracy. Free federal tax return and E-filling services provided by Free Tax Filing. Free tax... Read >
Author: johnsonsmith

Tax Credit Available for First Time Home Buyers

31st December 2008
Amid the economic upheaval, there is good news for first-time home buyers – a tax credit of up to $7,500. Even better – the definition of first-time home buyers includes those who have not owned a principal residence in the three year period prior to... Read >
Author: Robert Palmer

"""""""""LIFE CAN BE GRAND"""""""""""

08th December 2008
Saudis got U.S. farm subsidies Despite being ineligible and because no one was checking, many millionaires, some from Saudi Arabia and Hong Kong, got agricultural payouts. By LARRY MARGASAK The Associated Press WASHINGTON — A sports-team owner... Read >
Author: Beth Hager

Tax Deductibility of Long Term Care, by Martin Petroff

03rd December 2008
A detailed analysis interpreting the tax code is beyond the scope of this article. What follows is a broad overview of the types of expenses that may be permitted as long-term-care medical expenses depending on a particular individual’s circumstances. ... Read >
Author: mpetroff

Why Having an Awareness of Contribution Ceilings Will Aid to Capitalize Your Roth IRA

27th November 2008
For those who can afford to put away money in their retirement and savings account, the biggest question is how much to put in. To do so, you need to understand your limits, like the Roth IRA contribution limits and other tax limitations. Unfortunately, m... Read >
Author: Trevor Price

Government Help: Buying A Home

27th October 2008
Even if you owned a home before - you can still jump on the bandwagon of the government tax credit for buying a home - even a houseboat. Amazingly enough, this home does not have to be a single-family detached run of the mill type home to receive governme... Read >
Author: Mike Taylor

How to Make Charitable Contributions so as not to Invite an Audit Flag

29th September 2008
People give contributions to charitable institutions simply because of the good feeling that naturally comes with the act of helping someone. Doing so will also qualify them to tax deductions as these donations are considered non-taxable. If the IRS sees ... Read >
Author: dmishesq

Texas Insurance: Coping with the Monthly Payments on a Slim Budget

11th September 2008
When life’s unexpected blows happen, it always best to be prepared. If you are not ready for it, the time is now. Look for Texas insurance quotes that can perfectly fit to your needs by comparing insurance packages and premium prices offered by Texas... Read >
Author: articlemarketing01@gmail.com

US Income Rises?

08th September 2008
US Income Rises? Yesterday the NY Times ran an article headlined, "Average U.S. Income Showed First Rise Over 2000". The big claim is that after peaking in 2000, incomes fell, bottoming in 2003, and have now climbed back to make new highs in 200... Read >
Author: Charleslogin

Tax Credits, A Good Help For Education Costs

21st July 2008
Tax credits are available for qualified education expenses paid by taxpayers who are continuing their education. A qualified education expense is defined as an expense that is paid during the tax year for fees and tuition requied by an eligible educationa... Read >
Author: Parveen Kumar

Subsidized and Unsubsidized Stafford Student Loans

11th July 2008
Stafford loans were established by Congress in 1965 as part of the FFELP (Federal Family Education Loan Program) to provide financial aid for students. They were originally intended to help student who were 'in need' but just what was meant by the term 'i... Read >
Author: Donald Saunders

Presidential Candidate Tax Returns Analyzed By Roni Deutch

08th May 2008
With the Democratic convention getting closer and the general election just a few months away, all the remaining candidates have publicly released their income tax returns. It did take Senator Clinton and Senator McCain longer than Senator Obama, but as t... Read >
Author: Roni Deutch

Presidential Candidate Tax Returns Analyzed By Roni Deutch

08th May 2008
With the Democratic convention getting closer and the general election just a few months away, all the remaining candidates have publicly released their income tax returns. It did take Senator Clinton and Senator McCain longer than Senator Obama, but as t... Read >
Author: Roni Deutch

Online tax software - FREE tax filing & free e-file - IRS efile, tax preparation software, tax r

04th April 2008
It's that time of the year again. Time to take out your W2, 1099 tax forms, charity donatin receipts, and any other financial statement that you have been saving all year. Yes, it's the dreaded tax season. For all the time and effort that we are expected ... Read >
Author: MyFavDeals

Who Benefits Under the Economic Stimulus Plan of 2008

01st April 2008
The new Economic Stimulus package will do little to turn around our current economy. However, many individuals will welcome the additional handout from “Uncle Sam”. The $150 billion stimulus package focused on three areas: Families, Business, and Bor... Read >
Author: Alan Olsen

Two (2) Ways to Take Your Rental Real Estate Losses

28th March 2008
Even if you have strong positive cash flow from your rental real estate, chances are you still have a loss for tax purposes due to the depreciation deduction. This is a great tax strategy because your positive cash flow is sheltered from tax. But, it ... Read >
Author: Tom Wheelwright

Long-Term Care Insurance Premiums: What Can I Deduct?

26th March 2008
When tax season comes, all anyone seems to talk about is deductions. Not surprisingly, one of the most common questions about long-term care insurance premiums is ‘Can I deduct them?’ Well, the truth is that you can, in some cases, so find out where ... Read >
Author: Terry Stanfield

Coverdell Education Savings Accounts (ESA)

19th March 2008
This article will examine requirements for the Coverdell education accounts, contribution limits for these accounts and the tax treatment of distributions. Code Sec.Coverdell ESA accounts can be set up as a custodial account or a trust for a designated... Read >
Author: Steve Jackson

Tax Benefits of Student Loans

10th March 2008
Copyright (c) 2008 USUniversityReviews There are many of benefits that are associated with student loans. Most students get student loans because they provide an option for paying for the often large cost of higher education. Lost in that fact is the k... Read >
Author: Glen Orenstein

Tax Code Changes to Remember this Tax Season

10th March 2008
The United States tax code is constantly being changed and updated by Congress. It is essential to stay informed on these tax changes as they may affect your next income tax return. Foreclosure Relief The federal government finally did something over ... Read >
Author: Roni Deutch

7 Commonly Overlooked Deductions To Keep In Mind

06th February 2008
If you want to get the best tax refund then you need to make sure you include all available deductions on your income tax return. Deductions are the key to reducing your taxable income and getting a tax refund. However, millions of taxpayers are not up to... Read >
Author: Roni Deutch

Child Support In Rhode Island - Soup To Nuts! Establishing, Modifying, Enforcing And Terminating

30th January 2008
Rhode Island Child Support from Soup To Nuts by a Rhode Island Attorney Establishing Rhode Island Child Support: How is Rhode Island (RI) Child Support determined in divorce cases, paternity cases, child support cases and child visitation cases? ... Read >
Author: David Slepkow, Rhode Island Lawyer

How To Set Up a Roth IRA for Retirement Savings

21st September 2007
I am trying to decide if opening and contributing to a Roth IRA would be a better option than contributing over and above what my company matches in my 401K. If you are thinking in terms of saving for your retirement, then the Roth IRA can prove to be a ... Read >
Author: Zola

Guide to Calculating Child Support in Rhode Island (RI) Is there a minimum amount?

21st August 2007
How is Rhode Island (RI) Child Support determined in divorce cases, paternity cases, child support cases and child visitation cases? In most cases, child support is determined by the "Rhode Island Family Court Child Support Formula and Guidelines". In ... Read >
Author: David Slepkow, Rhode Island Lawyer

An Eye On Taxes And Your Portfolio

24th July 2007
I learned something new today. Or maybe I received financial revelation. Regardless of what happened, I am about to share this combination income tax, portfolio building finding with my faithful radio listeners and article readers. “Do what the hell I t... Read >
Author: Ron Piner, CPA

Get Your Income Tax Benefits Today

24th July 2007
I Am My Daddy’s Tax Deduction I know my daddy loves me but he seems much happier with me during income tax time. A whole year of taking care of me yields some sort of tax windfall as long as my daddy’s adjusted gross income is not too high ... Read >
Author: Ron Piner, CPA

What Is This Alternative Minimum Tax?

24th July 2007
I know you must be frustrated with this alternative minimum tax but do you really know what it is all about? Chances are you don’t fully understand. I will attempt to explain the alternative minimum tax to you and offer some tax planning strategies to h... Read >
Author: Ron Piner, CPA

Compelling Reasons to Rollover Your Company Plan Money to an IRA

15th June 2007
1) The best case for an IRA rollover is the ability to keep the money growing tax-deferred for your beneficiaries. Many company retirement plans do not allow this strectch option even though the IRA rules permit it. The cusiodian of your company plan d... Read >
Author: John McCartin

Tax Service Tips

06th June 2007
Tax Service Tips Copyright (c) 2007 Kelly Liyakasa Kelly Liyakasa is a staff writer for 6StarReviews.com. Kelly Staller is site manager at 6StarReviews.com, a site dedicated to giving YOU, the consumer, the best product and service reviews around. If ... Read >
Author: StarReviews

Can You Open A Roth IRA?

30th April 2007
The popularity of the Roth IRA is undisputed. Unfortunately, certain people are precluded from using one. A Roth IRA is a very good idea for the person who anticipates making a lot of income later in their life and wants to shelter as much of this inc... Read >
Author: Barry Waxler

Paying for college

05th April 2007
In today’s highly competitive admissions process, families must never lose sight of the fact that nothing is more important to parent or student than an acceptance letter! As all the aid in the world is useless without that coveted admission ticket, pay... Read >
Author: Reecy Aresty

Everything You Need to Know about Filing Your Taxes

14th March 2007
There’s no shortage of information available about the complicated world of taxes. But you can also find plenty of information on how to make the filing process simple and easy and everything you need to know is buried within the IRS website. Here is a ... Read >
Author: Maggie Beetz

Savers Credit: Get a Larger Tax Refund

20th February 2007
Saver's Credit: Get a Larger Tax Refund Do you have a low to moderate income and still put cash away into a retirement account? Would you like a bigger tax refund check? If you answered yes to both questions, you may be eligible for Credit for Retireme... Read >
Author: Pete Glocker

Roth IRAs: Test Your Knowledge

20th February 2007
How well do you know Roth IRAs? Here are five tough questions. Let's see how you do… 1. I am 72 years young and still working. Can I set up a Roth IRA? Yes. Unlike a traditional IRA, which does not allow contributions past age 70 1/2, Roth IRAs ha... Read >
Author: Robert D. Cavanaugh, CLU

Looking For Another Income Tax Deduction? You Might Qualify For an IRA and Not Know It

15th February 2007
An additional income tax deduction may be available by contributing to an IRA. However, many people may not realize they qualify to have an IRA. So let’s take a look at the contribution rules. One of the things that makes IRAs so complicated is try... Read >
Author: Robert D. Cavanaugh, CLU

Tax Credits and Deductions

02nd February 2007
Your goal when preparing your taxes is to try to reduce your gross as much as possible. Tax credits and deductions are the tools you use to cut your gross down. Most people focus on tax deductions when preparing their taxes. It is the most common of t... Read >
Author: Richard Chapo

IRS Free File Program Available to 95 Million Americans

21st January 2007
Most Americans hate preparing and filing their taxes. To take the sting off of doing them, the IRS free file program enters its third year. You hate doing your taxes and so do I. The only thing that is worse is having to pay for an accountant or tax p... Read >
Author: Richard Chapo

Terrific Tax Tips

07th January 2007
Good Tax Questions-Part IIHere are some more tax basics that are useful as we move into thesecond half of 2001.Question: What is a tax credit?Answer: A credit is like a coupon the government gives you to payyour taxes. Credits reduce, usually one for one,... Read >
okaycharles

Terrific Tax Tips

07th January 2007
Business Deductions Can Help (Maybe?)In the tax world, business deductions are like the promised land!These writeoffs can be one of the very best sources of tax savingsfor self employed workers, and sometimes even for employees.However, some people may fi... Read >
okaycharles

The Last Minute Tax Changes By Congress

03rd January 2007
In a classic case of tax cut and run, the Republican Majority in Congress passed a bevy of tax laws before losing control of the legislative branch. Here is the scoop. The Last Minute Tax Changes By Congress It had to be a pretty humorous couple da... Read >
Author: Richard Chapo

The Ins and Outs of IRAs and Retirement Plans

01st September 2006
The Ins and Outs of IRAs and Retirement Plans The Economic Growth and Tax Relief Reconciliation Act of 2001 promised to deliver important benefits to nearly every American. The Act included tax-rate reductions, child credit increases, marriage pena... Read >
Author: Matthew B Gournay

Making Your Medical Deductions Count

02nd August 2006
April 15th is almost here and if you are owing tax it may pay to take a second look at that return to see if you claimed all medical deductions you are entitled to. Your diligence in keeping track of expenses will pay off. IRS Publication 502 has a comp... Read >
Author: Alan Olsen

Tax Credits for Toyota Hybrids To Be Cut In Half

23rd July 2006
If you purchase a new hybrid car after January 1, 2006, you can get a major tax credit for doing so. Alas, the tax credits applicable for Toyota hybrids are about to be cut in half. Tax Credits for Toyota Hybrids To Be Cut In Half The government us... Read >
Author: Richard Chapo

What are the Tax Benefits of Donating Real Estate To A Church Or Charity?

17th July 2006
Copyright 2006 National Real Estate Network LLC Most people think that donating real estate to a charity is for the rich. This simply is not true. I have worked with individuals, charities, and small corporations for years with the donations process. ... Read >

IRS Approves Saturn Vue Green Line for Tax Credit

16th July 2006
The IRS is working its way through various automobiles that qualify their owners for tax credits. The Saturn model of cars has just been reviewed with one particular model being approved. IRS Approves Saturn Vue Green Line for Tax Credit Owning a h... Read >
Author: Richard Chapo

IRS Announces Tax Credits For Toyota Prius

23rd June 2006
The Toyota Prius is the vehicle that started the entire hybrid vehicle craze. It continues to dominate the market and the IRS has announced the tax credits for this year. IRS Announces Tax Credits For Toyota Prius In an effort to promote energy effi... Read >
Author: Richard Chapo

Ten Tax Planning Ideas for Small Businesses

21st May 2006
If you are a small business owner looking for cost cutting ideas here are ten tax planning ideas that may result in substantial tax savings. The following article highlights planning areas often missed by business owners. You should consult a qualified ... Read >
Author: Alan Olsen

Various Toyota Hybrids Get Tax Credit Certification From IRS

20th April 2006
Starting in 2006, individuals buying hybrid cars will get a tax credit instead of a tax deduction. The IRS has just started to kick out the exact amounts you can claim for your new hybrid. Various Toyota Hybrids Get Tax Credit Certification From IRS ... Read >
Author: Richard Chapo

Various Ford and Mercury Hybrids Get Tax Credit Certification From IRS

20th April 2006
Starting in 2006, individuals buying hybrid cars will get a tax credit instead of a tax deduction. The IRS has just started to kick out the exact amounts you can claim for your new hybrid. Various Ford and Mercury Hybrids Get Tax Credit Certification ... Read >
Author: Richard Chapo

Tax Credits for Retirement Savings

11th March 2006
It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering tax credits to change this for some of us. Tax Credits for Retirement Savings Social security is going to be under... Read >
Author: Richard Chapo

Getting a Tax Credit for Your Kids

06th March 2006
As you know, raising a family is a full time job and can put stress on your finances. Fortunately, you can claim a tax credit to help cut your IRS bill if you have kids. Getting a Tax Credit for Your Kids With a tax deduction, you are reducing the t... Read >
Author: Richard Chapo

Tax Returns - Should You Itemize?

19th February 2006
When you finally decide it is time to prepare your taxes, the first question is whether you should itemize your deductions or take the standard deduction provided by the IRS. Choices, Choices Tax deductions are a very simple part of a theoreticall... Read >
Author: Richard Chapo

Top 5 Overlooked Tax Deductions

16th February 2006
Copyright 2006 Kristine McKinley How many times have you done your taxes, and a week or a month later realized you forgot a deduction? The tax law is very complicated, so it's easy to miss a deduction or two. In my experience, these are the top 5 mis... Read >
Author: Kristine McKinley

Self-Employment Tax

16th November 2005
Who must may self-employment tax? If you are self-employed, you will be responsible for self-employment tax. For the purpose of determining self-employment tax, you are self-employed if you are a sole proprietor, an independent contractor, a member of a ... Read >
Author: Matt Bacak

When To Convert Your Traditional IRA To A Roth IRA

05th October 2005
I am often asked the question, "Should I invest in a regular IRA or a Roth IRA"? The next most frequent question I get is, "Should I convert to a Roth IRA?" In both situations, it depends on many factors. Here I will address a few of the situations that... Read >
Author: Lois Center-Shabazz

Back To School Educators Deduct School Expenses

22nd August 2005
As teachers and students head back to school following a glorious summer, it's time to remind teachers to organize 2004 school expenses. Under a temporary tax code change, teachers can deduct certain school-related expenses from adjusted gross income. ... Read >
Author: Richard Chapo