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.

Newspaper Carrier Under Age 18 Is Exempt from the Self-Employment Tax

A newspaper carrier who is under age 18 is not subject to the self-employment tax under certain conditions. This article explains these conditions.

Do You Know The Major Tax Return Mistakes To Avoid?

Tax season always brings out talk about 1040 EZ forms and W-2s, but most of us are in the dark about what to do with our tax returns even with the long set of directions the IRS puts in with the forms. There is always the option of paying someone else to take care of it, and for many people it is best option.

Home Equity Loan Tax Deductions - Deducting Home Equity Interest

Home equity interest is tax deductible under certain circumstances. Here is some information on the requirements and circumstances when the interest on a home equity loan is deductible.

An Investor's View of The Fair Tax: A Resolution

A Government that bemoans the population's low savings and investment rates has only itself to blame, and Wall Street Institutions are happy to exacerbate the problem with their own financial pandemic of products, strategies, and tax deferral/avoidance schemes. It's time to reinvent this wheel!

Hybrid Rebate for 2006 Tax Credit for Hybrid Cars

New tax credit that replaces the 2005 tax deduction for Hybrid Motor Vehicles is potentially much more valuable. So if you waited to buy one of those environmentally friendly cars your procrastination has paid off.

Who's Afraid Of The Big Bad IRS?

Why are you so scared of Uncle Sam?

Get a Jump Start on Your Taxes

Preparing and filing your taxes is a less than exciting task. Much like visiting the dentist it something that must simply be done. There are ways to make it a little less painful.

Earnings From Abroad and Taxes

With the every expanding global economy, many people receive earnings from foreign entities. Unfortunately, the federal government wants you to pay taxes on it.

IRS Holding $2 Billion In Unclaimed Tax Refunds

Every year, the IRS announces that it is holding unclaimed tax refunds. Taxpayers have a limited time to claim the $2 billion dollars the IRS is currently holding.

Tax Changes You Should Know for 2005 Returns

Every year, you have to file tax returns and every year there are changes to the tax code. Here are some key changes for 2005 to keep in mind when you prepare returns.

Automatic Extension Requests For Businesses

The internal revenue service has recently been taking steps to cut down on clutter and streamline the tax filing process. Now they’ve simplified business tax return extensions.

Marriage and Taxes

Getting married is the greatest day for 50 percent of couples. The other 50 percent get divorced. Perhaps the marriage tax penalty has something to do with it.

Hybrid Vehicles and Tax Benefits

You have to love car dealers. With the passage of the Energy Policy Act of 2005, car dealers are screaming about the tax benefits of buying these vehicles. Here’s the scoop.

The IRS Levy and Legal Powers of Garnishment Defined

The Financial Management Service (FMS) is a bureau of the Department of the Treasury, to provide a centralized debt collection service to most federal agencies. The FMS has begun utilizing two Congressionally mandated federal debt collection programs. One is devised to collect delinquent non-tax debt by neutralizing federal payments and the other is to collect delinquent tax debt from those individuals who receive federal payments.