1031 Exchange Escaping the Certainty of Taxes

In this world, said the great Benjamin Franklin, nothing is certain but death and taxes. While modern medicine continues to work on a cure for mortality, 1031 exchanges offer a valuable mechanism against the foibles of the taxman. Allowing the exchange of one property for another, this property...

Taxes 390 Words

10 ways to cut your property taxes

Property taxes are decided collectively by school boards, town boards, legislators, and councils. The tax rate is set by collating the amount of funds an area needs. This is then divided that by the total taxable assessed value of the area. The tax an individual pays is computed by multiplying...

Taxes 540 Words

4 Simple Steps To Reduce Your Taxes In 2006

Does Tax Season get you down?

Here are 4 simple steps that any small business owner can take to lower your tax bill this year.

STEP #1: Understand How Serious Your Tax Problem Is

Are you aware of just how much in taxes you are paying?

Here’s how much the...

Taxes 962 Words

4 Reasons People Get Into Trouble With the ...

You don’t want to mess with the Internal Revenue Service. One small mix-up when handling your finances can cost you big.

For example, in recent years the IRS has increased its filing of levies, liens and wage garnishments. In fact, in 2004 alone, approximately 2.5 million levies...

Taxes 330 Words

3 Tips For Keeping Proper Tax Records For ...

3 Tips For Keeping Proper Tax Records For Your Home Business And Keeping The IRS Happy!

The last thing most people think about when starting a business is doing taxes. But proper planning will make doing your taxes much easier – and keep the IRS happy!

Here are 3 simple...

Taxes 489 Words

Your Well Being And Taxes

Few things threaten your well-being like the harassment and anxiety of persistent tax problems. Most people make 3 mistakes that get them in trouble with the IRS. They procrastinate. They attempt to represent themselves. They hire sub-par representation and now are in MORE need of help than ever...

Taxes 618 Words

Your Tip Earnings and Taxes

If you work in a service where you get tips, guess what? The IRS expects you to report them and pay taxes on them.

Your Tip Earnings and Taxes

The internal revenue service takes a very simple approach to tips. It views all tips you make in your job as taxable income that must be...

Taxes 355 Words

Your Kids Can Reduce Your Taxes And Get Rich

One often-overlooked tax benefit for business owners is putting their kids to work in their business.

If you are self-employed you can take advantage of this by paying your kids $4,000 each for performing services in your business. The business gets a tax deduction for the compensation...

Taxes 261 Words

Your IRS Tax Appeal Rights

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...

Taxes 362 Words

Your Auction Business & Taxes

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...

Taxes 426 Words

Your Appeal Rights When Fighting The IRS

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...

Taxes 362 Words

Year End Investment Ideas and Tax Strategies

First thing Monday morning I’m going to march into my boss’s office and demand a pay cut so that I’ll be in a lower tax bracket next year.

Of course that’s ridiculous, but isn’t it about the same as the financial community’s “Conventional...

Taxes 1043 Words