Category Archives: Taxes

According to a New York Times article that was released August of last year (2006), I.R.S. back taxes and delinquent taxes under $25,000 or less owed by taxpayers will now be attempted to be collected by up to three private collection agencies. Two weeks after the article was published, data on 12,500 overdue taxpayers was turned over to the three private collection agencies. Paying Private......

There are many benefits of using professional tax software to complete your taxes. We’re going to look at some of those reasons but convenience is certainly one great reason to use it. 1. Save Money – Using professional tax software can save you a bundle of money. Because the software is able to make you aware of deductions you might able to take advantage of you are more likel......

1. Estimated Tax Payments: If you are a sole proprietor, a partnership, or a shareholder in a Sub-chapter S corporation, you are considered self-employed. Since you don’t have an employer deducting taxes from your pay throughout the year, you are responsible for making advance payments of your estimated federal income tax. Estimated tax payments are due quarterly – on April 15, J......

There are four main taxes involved in any property sale and purchase transaction These taxes are: * The transfer fee which is payable to Land Registry Office * The capital gains tax which is payable to the Tax Office * The VAT (KDV) which is payable to the Tax Office or to the vendor * The Stamp Duty which is payable to the Tax Office Different taxes apply to gifts of property f......

This article addresses some of the key issues regarding second mortgage and taxes. A careful reading of this material could make a big difference in how you think about second mortgage and taxes. For the average consumer who has managed to acquire credit card debt, automobile loans, and various other small debts, is the second mortgage loan an answer for the consolidation of debt and a tax ......

I know I have been getting all my stuff together for getting my taxes prepared. I have an accountant who does them for me but I still get everything organized for him. I have been working with him for over seven years now. But each year I also try to continue my education and read up up things to not to overlook when doing your taxes. I saw this today; The 11 Most Overlooked Tax DeductionsEv......

For most self-employed people, bookkeeping is about as much fun as a root canal. But like it or not, it must be done, otherwise you\’ll end up overpaying your taxes big time. Perhaps this article will help you see this tedious task in a new light. Follow along with me and let\’s turn your bookkeeping nightmare into the best paying part-time job you ever had. First, a question: Ho......

Over the past year or so the odds are that the value of your home has declined. Experts estimate that 60% of taxable property in the United States is over-assessed. Property taxes, the annual tax on the value of your home, are determined by your county assessor. If you believe the value of your home has gone down in value and is no longer as high as its assessed value, you can appeal your......

If you are not sure how to file a tax return, it is very important to get the necessary tax filing help. Most people need help when it comes to preparing taxes and filing taxes. Most of them take their W-2 or 1099 tax documents to their local H&R Block office and have them prepare their tax returns. Tax codes are well known to be complex for ordinary people.nnEven though it is good to ha......

When used correctly, C Corporations are a great way to supercharge a tax strategy. I find that when my clients make the most of their C Corporations, they reduce their taxes by a minimum of $10,000 every year. – The Biggest Mistake With C Corporations – The key to saving $10,000 in taxes every year is knowing how to use a C Corporation correctly. When I meet with prospects and ......