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 […]

Are you in the middle of a disagreement with the IRS, One of the guaranteed rights for all taxpayers is the right to appeal. If you disagree with the IRS about the amount of your tax liability or about proposed collection actions, you have the right to ask the IRS Appeals Office to review your […]

Marketing is a necessary expense in running practically any business and the IRS acknowledges as much. You may run advertisements on or in the Internet, radio, television, magazines, newspapers and other media to sell your products or services. You should be deducting all of the associated costs on your tax returns. Ordinary Marketing Expenses Marketing […]

What is mortgage interest, It is any interest you pay on a secured loan when you bought your first or second home. The loans include the mortgage to buy your home, a second mortgage, a line of credit or a home equity loan. The loan must be secured debt or it will be considered a […]

You just got done paying taxes or filing an extension and are grumpy. If you are smart, you will use this miserable event to save some cash for next year. Using This Years Taxes to Save On Next Years Taxes For most people, preparing and filing taxes is the equivalent of sticking a pin in […]

The end of tax filing extensions is quickly approaching. What do you do if you cant pay the amounts you owe, You should still file your return by the due date and pay as much as you can. There are, however, additional steps that might help. Credit Cards You can charge your taxes on your […]

The Estate Tax is the tax that the government puts on the assets that are transferred to your beneficiaries when you die. Taxable assets can include real estate, stocks, money in a bank account, and other valuable belongings. It does not look like the estate tax will permanently go away. However, with careful planning, you […]