Archive for the 'Taxes' Category

Beware of Fake IRS Email

By Virginia Thomas Millions of people use their computers for shopping, playing games, playing the stock market and just making money with online stores. Because we use technology so much there are people out there lurking trying to steal your identity, clean out your bank accounts and max out your credit cards. Someone with nothing […]

Tips For Preparing Your Taxes

By W. Connor Brown Be Organized The process of being organized isn’t supposed to start when you start filing your taxes. It should be a year-long process of keeping your pay stubs, receipts and W2s in separate folders, and keep them somewhere that will not only be undisturbed by your daily routines, but also a […]

How to Organize Your Business and Personal Taxes

By Andrew Stratton One of the most famous quotes in American history is attributed to Benjamin Franklin, who remarked that “nothing can be said to be certain, except death and taxes”. Every adult in America knows that tax time will once again strike like clockwork come April, but few people prepare throughout the year. As […]

How to Avoid IRS Rules and Regulations Violations When Donating a Car to Charity

By Jamie Heiligman When donating a vehicle to charity there are certain IRS rules and regulations that must be followed. First, for vehicle deductions of more than $500 you are required to attach the charity’s acknowledgment of receipt to your return for the year of the donation, even if the vehicle is not sold by […]

What Happens When the First Time Homebuyer Tax Credit Expires?

By Thomas Ajava The stimulus bill was packed full of government programs designed to get the economy moving again. Some were popular. Some were not. Some were successful. Some were not. The first time homebuyer tax credit has turned out to be highly popular and a boon for the real estate industry. Still, what happens […]

Privatization Of Tax Administration

By Rajeshkumar Kumar In the present scenario, tax is a burden imposed by law . Since our present state rest on the Principles of Rule of Law , the tax administration does not remain a mere revenue collection exercise, it take the shape of administration of a branch of law. Thus the ideal taxation is […]

Professional IRS Tax Attorneys

By Matt Murren IRS tax attorneys are expertly trained in IRS tax law and are able to provide advice on and assistance with Offers in Compromise, innocent spouse relief, abatement of penalties, removal of federal tax liens, lifting of levies on assets, bankruptcy discharge analysis, appeals representation and so on. Many firms specialize in tax […]

Taxes and Gambling

By Roni Deutch Get the Form Whenever you win a “qualifying amount” at a casino, they are legally required to report it to the IRS. Therefore, they will collect your social security number and send you an IRS Form W-2G. As such you want to make sure to report these winnings on your tax returns […]

The Usefulness of Online Filing of IT Returns

By Prabhanjan Deshpande Filing IT returns can more appropriately be called a duty than an annual custom. Come July – it is that time of the year, when salaried and non-salaried individuals get busy filing their IT returns and chartered accountants get busier enabling them to do so. Amidst all this, we owe a thought […]

7 Tax Planning Tips For Families

By Roni Deutch 1. Save Receipts Every year you should create a new folder in your filing cabinet, to keep all of your tax related documents and receipts for the year. If you make a habit of collecting these files throughout the year then it will make life easier for you and your family come […]