Category Archives:

Whether you own a small business or not we all dread the IRS. They always seem to want more money and if you fail to pay them or pay them late they’ll penalize you straight into the poor house. But as a small business owner your worries about the IRS are compounded by the fact that you may now or in the future have employees to deal with also. With employees comes more taxes to pay and......

Every individual once in a while has to think about paying tax. It has been a very important matter to each and every one. As people are more and more concerned about the amount of taxes to be paid, they generally forget that it will always boomerang in the form of services which will most certainly make the world the most wonderful and enjoyable place to live in. Most of the people try and ......

Tax management may not rank high on your list of favorite phrases, but the truth is, staying on top of your taxes now is the only way to prevent IRS headaches later. Here are five essential ways to manage your taxes, and avoid potential trouble: Organize. This means not only gathering your bills, records, receipts, etc, but also ensuring that you have the tax forms that the IRS demands. Th......

Hiring your children in your business can be a great tax savings strategy, as well as a way to teach your children about business and money. Wages paid to your children (between the ages 7 and 17) are a valid business deduction, as long as they do bona fide work, and they are compensated fairly. Your children can earn up to $5,350 (the standard deduction amount for 2007) before they will owe......

1.Contribute to your employer’s 401(k) The easiest way to reduce the amount of your taxable income is to contribute the maximum to your 401(k) or there tax deferred savings plan. This process is simple to do, just visit you Human Resources Department to obtain the proper forms. From there, money will be withdrawn from each paycheck and deposited in an account under your name, which wil......

After inheriting a home from my father’s will it became clear to me that I needed to lower my property tax. Below I will share with you my personal tips for proper property tax appeal. The first tip you need to know is that this is not a one-day process it takes time and effort. I find it alarming that only 7% of people actually go through with their property tax appeal. After going t......

Computing taxes involve a number of hassling and complex calculations. It is not at all easy for a layman to compute his tax since he is unlikely to be aware of all the relevant clauses and sub-clauses. Therefore, it will be most prudent to hire the services of professional tax consultants for filing taxes New York City. A professional firm can help you in filing the right amount of tax and ......

A lot of people allow fees to add up over time, these charges may result in you owing back a lot of cash to the IRS. Some people can’t pay off the IRS in full so they have to resort to one of the settlement plans that the Internal revenue service has in place. If you are financially capable of paying off your IRS taxes but you can’t pay it off all at once then you should look int......

Each year there are more and more people in the situation of owing back taxes to the IRS. However, there are even more people looking for a way to avoid the headache of doing it on their own. Choosing to use an expert is the best way to go when seeking back taxes help. With more people seeking help from experts, there is an even greater increase in the experts that are available. When it com......

If you are an American working and living outside your country, then there are some things you should know about expat taxes. The fact that you are living abroad doesn’t necessarily mean that you are not obliged to pay taxes in your country. Earning foreign income means that you are either receiving some money in another country or some kind of allowances and salary. Being an expat means tha......