As tax season draws irresistibly closer, the scam artists are polishing their latest techniques. This article should help you keep an eye out for these nasty individuals. Tax Season Time for Scams In a particularly cheeky move, scam artists have started posing in on form or another as the IRS in an effort to get […]

Every business has a department that deals with complaints from customers. At the IRS, this department is known as the taxpayer advocate office. Advocating for You The purpose of the taxpayer advocate office is to provide taxpayers with a friendly source to handle customer service issues. The office is run independent of the IRS and […]

Tax is most often the bane of all profits. There are those who forget to pay their taxes and suddenly find themselves prosecuted. Tax has a way of creeping up on you. However, we all need to pay taxes, do we not, Tax is just one of those little irritations that we all must learn […]

The Internal Revenue Service wants you to pay taxes on time. That being said, it understands this is not always possible and has created a program for such situations. The IRS Solution If You Cannot Pay Your Taxes The Internal Revenue Service is very upfront about its goal in dealing with taxpayers. While it obviously […]

The Exchangor has a maximum of 180 days from the closing of the relinquished property or the due date of that year’s tax return, whichever occurs first, to acquire the replacement property. This is called the Acquisition Period. The first 45 days of that period is called the Identification Period. During this 45 days, the […]

Understanding the tax implications of replacing or selling existing life insurance coverage will help shed some light on the options available to financial advisors and policy holders looking to capitalize on the hidden value in their life insurance plans. Policy holders need to know what the tax implications are for coverage payments in advance of […]

Is your business missing out on valuable tax deductions you can take for the use of your personal vehicle for business purposes,If you haven’t done so already, you should definitely beat a path to the door of your local office supply store and pick up a notebook for logging the mileage you drive to conduct […]

You may have a less taxing time this April if you let computer software do much of the hard work filing with the IRS. You won’t be alone. According to IRS data, more than 68 million tax returns were filed electronically last year, with more than 17 million taxpayers filing their own returns online. “There […]

When it comes to filing your tax return, spending 39 cents could be the biggest mistake you ever make. Millions of taxpayers make the mistake of putting their income tax return in a regular letter-sized envelope, sticking on a 39 cent stamp, and placing the envelope in the mailbox. And millions of taxpayers “get away” […]

Taxes is an issue when running an Auction Business. But is there a grey line when it comes to declaring it, It’s really within reason if you’re going to do a huge amount of it, a small amount is negligible. Some people want to have a small business for write-offs, you might want to consider […]