Appealing Property Taxes For Your Home - The Basics

Property taxes are a substantial expense for Texas homeowners, averaging about $3,600 annually. To reduce this expense, property owners should annually review and consider appealing property taxes. While there is no guarantee that an appeal will be successful, a recent survey conducted by O'Connor & Associates indicates that 70% of property tax appeals are successful.

Auto Industry Declares War on Estate Tax Laws

When inheritance is handed down to the Next Generation often a big chunk of change is a windfall for the kids. Many of them go out and buying new cars and take expensive vacations; the auto industry wants to see some of that money in their getting ready to launch the huge campaign to lobby the Senate to vote down the estate tax.

IRS Advice on Business Use of Your Home

Many small business owners use a portion of their home as a business office. In order to deduct the part of your home used for business, the IRS requires that you meet specific requirements. To qualify to claim expenses for the business use of your home you must meet the exclusive use test and the regular use test.

Tax Credit Amount for Lexus GS 450 Hybrid Issued By IRS

Prior to January 1, 2006, you were restricted to claiming a $2,000 tax deduction if you purchased a hybrid car. Now you can claim a tax credit, which is much more valuable.

Tax Evasion Penalties

If you are found guilty of tax evasion, a tax attorney can help you through the process. The penalties are severe, ranging from hefty fines to up to five years in prison.

The Business Tax Basics

This article is an overview of the most frequently required tax forms and issues you may face. Your required business tax issues can be complicated and overwhelming. The first thing you must do is consult your tax professional for all tax questions. If you have employees, there are certain tax forms that you must file. As a business entity, you will have to pay income tax and file a Form 1040 or self-employment tax and file Schedule SE (Form 1040).

The Most Frequently Asked Questions about Buy to Let Tax?

If you have recently invested in a buy to let property you may well be wondering about the regulations tax. Here we answer some of the most frequently asked questions about buy to let tax.

Your Business and Your Estate - Succession Planning

Things don't always turn out fairly when the business owner leaves the family business to the next generation.

Your Mutual Fund and Tax Consequences

If you own a mutual fund as a regular savings account, you may be subject to paying taxes on your mutual fund. If you had a substantial income or capital gain distribution, you may have substantial taxes.

A Winning Marketing Plan for Tax Planning

Integrating tax planning into your financial planning practice may help grow your business, but it must be marketed effectively and consistently. The key elements in developing a winning marketing plan are positioning and using the basic communication channels.

What is a 1031 Exchange?

1031 Tax Exchange from the IRS will allow you to save a lot of money, but how? What is it exactly?

Checking The Status of Your Tax Refund Online

More than a few people are happy to learn they are due a tax refund after filling out their tax returns. If you are one of these people, here is how to check the status of your refund online.

Tax Incentives for Saving for Education

Recent statistics show Americans are simply not saving money for the future. To encourage savings, the government has come up with tax incentives.

Start-up Costs - How to Deduct Them

A new business incurs start-up costs before beginning the active conduct of a business. How may a business owner deduct start-up costs? The rules changed for start-up costs paid or incurred after October 22, 2004, as a result of the American Jobs Creation Act of 2004. This article explains these rules.

Top Tips For Saving Money On Your Tax Bill

Getting Ready To Submit Your Tax Return? Read these tips to save money before the tax year ends.