Tax Deduction is Only Possible with Home Improvements, Not Home Repairs

The article details the difference between home repairs and home improvements, in terms of tax deduction. It gives examples of work that would be considered improvements and work that would be considered as repairs.

Small Business Tax Tips

Any small business owner knows that they may live or die by the financial decisions that they make. While many cut corners by making prudent purchase decisions, few realize the opportunities that are available to them when it comes to working out the taxes for their business.

Congressional Democrats and Republicans Talk Taxes

The Democrats are pointing at the Republicans, and they are pointing back. Both sides of Congress took their turns portraying the other party of wanting to boost taxes for middle class American taxpayers.

Property Taxes Increase With Home Prices

With the increasing value of your home comes the increasing bill from your property taxes.

Make the Tax Cuts Permanent

Here we go into election season and already the Democrats are talking about raising our taxes? That is a silly notion indeed because as soon as they raise our taxes they will spend all the money on stupid projects and typical wasteful spending.

Not all CPAs and Attorneys Are Knowledgeable on Capital Gains Tax Issues

Does your CPA, Attorney, Financial Advisor or Realtor understand how to help you with your Capital Gains Tax Problem? Many have no idea, but are reluctant to tell you so.

Going Online- Why Accountants and CPAs Should Have Websites

Caught between easy online tax prep and large financial firms, accountants and CPAs might think the Internet has nothing to offer them. Not true, there are customers out there waiting to arrive at your door with a helpful nudge from a professional web presence.

Prepare Your Taxes Online and Get Your Refund Fast

Join the millions of people who have discovered how easy, online tax filing can be. The cost will be much less, your tax forms will get to the IRS with no hand-written errors, and you will get your tax refund in as little as 10 days.

Expired Tax Cuts Get Another Chance

Senate Finance Committee Chairman Chuck Grassley is urging fellow Senators to quickly pass a series of expired tax cuts. Grassley says that without the legislation, taxpayers will face confusion and compliance problems.

U.S. Federal Income Tax: Self Employment & Paying Self Employment Tax

As a regular employee of a company, you are required by the Internal Revenue Service to have withheld from you earnings FICA (Federal Insurance Contributions Act) and Medicare taxes. FICA is also known as the Social Security tax. You pay these taxes into the government and they are used for retired, unemployed, and disabled Americans and their dependants in the form of Social Security payments and Medicare benefits. The Self Employment (SE) Tax is similar to these aforementioned taxes except that they are for self employed individuals and are imposed on self employed earnings. It allows those who are self employed to be eligible for these benefits later in life, just as an employee is.

Grassley Pushes For Change To Executive Pay Tax Laws

Senate Finance Chairman Chuck Grassley said on Wednesday that he will continue to examine whether the tax policy that appears to encourage backdating needs to be changed.

Why Is Applying For The Self-Employment Tax Deduction Worth It?

If you are running your own business or are planning to, you should know all you can about the self-employment tax deduction, which can save you a lot of money if you do. A lot of these advantages in the tax reduction are available only if you are self-employed and not if you are employed by anyone. Find out more...

What Is An LLC Tax Deduction?

Limited liabilities companies or LLCs are a tricky bunch to get any kind of LLC tax deduction on. This is because the LLC tax reduction is not actually recognized by the federal government. Find out more...

Imporant IRA Changes For 2006

2006 has already seen some major changes in the IRA rules

How To Benefit From A Student Loan Interest Deduction?

Being a student with a loan can be a huge hassle, but with the student loan interest deduction you can make it less of one. With the student loan interest deduction you can use it for up to $2,500 of the interest you might have paid on your loan and it's interest. Find out more...