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Official Google Cash How to Earn Thousands Writing Google AdWords Part-Time updated w/ 24 videos. $44.36/sale.
Deducting Points On Home Refinances (09 Feb 2007)
It is no secret that millions of homeowners have been refinancing mortgages to take advantage of low interest rates. If you refinanced your home, you may have paid "points" on your new mortgage. The good news is that you can claim a deduction for these points as well as a deduction if you paid points on your previous mortgage.
Small Business Tax Deduction - Write-Off Bad Debts (09 Feb 2007)
Practically every small business has receivables that it cannot obtain from clients. If your small business doesn't have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can be taken from the fact you can claim a tax deduction.
Small Business Tax Credit - Americans with Disabilities Act (09 Feb 2007)
Many small businesses complain when confronted with the expense of complying with the Americans with Disabilities Act. Most do not realize that there are a number of tax incentives available to offset the costs. Importantly, one tax incentive comes in the form of a tax credit, which is far more valuable than a tax deduction when it comes to creating tax savings.
IRS Reports Tax Gap of $300 Billion (09 Feb 2007)
The IRS is reporting that the difference between what U.S. taxpayers owe and actually pay on time totals more than $300 billion a year. Studying over 46,000 tax returns for individuals revealed the tax gap. These results indicate a failure of 15 to 16 percent of individual tax payers to fully pay their taxes. IRS enforcement activities recovered roughly $55 billion of that total gap, leaving a net tax gap of $257 billion to $298 billion.
Tax Deduction for Alimony Payments? - Yes! (09 Feb 2007)
Over 50% of marriages end in divorce in the United States. Many divorce decrees include provisions for the payment of alimony. The IRS takes the position that such payments constitute a form of income and create an alimony tax deduction for the person making payments.
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2005 Ford Escape Hybrid Certified For Clean-Fuel Deduction (09 Feb 2007)
If you are environmentally conscious and purchase a 2005 Ford Escape Hybrid vehicle that combines a gasoline-powered engine with alternative power methods, you are in line for a nice tax deduction.
Truly Bizarre Taxes: The Tax on Illegal Drugs (09 Feb 2007)
One can never underestimate the enthusiasm that politicians have for trying to hunt up tax revenues. The creativity of some politicians can lead to bizarre taxes and unfortunate results.
Rental Property Tax Deductions (09 Feb 2007)
Own residential rental properties? This article discusses how income from those properties impacts your taxes.
10 Thoughts on Tax Offer in Compromise (09 Feb 2007)
Beware of advertisements that claim to settle tax debts for "pennies on the dollar". Check the Offer In Compromise requirements to see if it is right for you.
Tax Secrets - How Drew Miles Helped Me (09 Feb 2007)
Learn these simple tax saving secrets to save you tons of money...
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Avoid Paying Capital Gains Until The Ripe Old Age of 70 (09 Feb 2007)
Avoid paying capital gains taxes by using this little-known tax-deferral strategy that has been around since the 1950s. You can even defer them until 70 years of age.
Write Off Your IPod as a Business Expense (09 Feb 2007)
If you've been eyeing those sleek new iPods, but you didn't like the price tag, Uncle Same wants to help you buy one...
It Is Better To Receipt, Than To Give (Without One) (09 Feb 2007)
When filing an income tax return the taxpayer needs to support any deductions claimed with valid third party receipts, but it losing one fatal to the deduction? Not necessarily, reviewing the legislation and some caselaw give taxpayer's hope, but no guarantee that they may be able to deduct without a receipt.
New IRS Rules for Vehicle Donation (09 Feb 2007)
The new IRS rules have changes the amount donors can claim as a tax deduction for their car donation. Donors can no longer use the Kelley Blue Book to determine the value of their donated car.
1031 Exchange Tax Deferred Benefits Are Hard to Ignore (09 Feb 2007)
Section 1031 of the Internal Revenue Code contains arguably one of the most powerful provisions of the tax code for real estate investors… the 1031 tax exchange. Many highly successful real estate investors have used this tax code provision in combination with aggressive pyramiding and upgrading strategies to amass huge investment property portfolios. Here's how it works:
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Fraudulent Tax Shelters – KMPG Goes Down Hard (09 Feb 2007)
In the largest criminal tax case ever filed, KMPG has copped a plea to using fraudulent tax shelters to bilk the government out of 2.5 billion dollars. KMPG has agreed to pay a fine of $456 million dollars, but nine of its executives still are under indictment.
Hurricane Katrina – How To Use Your Business Loss To Get A Refund on 2004 Taxes (09 Feb 2007)
With the massive losses caused by Katrina, the economy of the Gulf Coast region is in extremely bad shape. Fortunately, there is a quirk in the tax code that can help you generate a large refund from your 2004 taxes.
Another Tax Loophole (09 Feb 2007)
You need working capital and you needed it yesterday. This is a short and funny story about what one small business owner did.
Taxing Overseas Firms for SOX Compliance (09 Feb 2007)
The Sarbanes-Oxley Act, also called the Public Company Accounting Reform and Investor Protection Act of 2002 was signed into law on July 30, 2002 by President Bush. In the aftermath of Enron, Arthur Andersen, Global Crossing, and WorldCom, SOX promises greater corporate accountability and transparency.
The Annual Gift Tax Exclusion: Getting The Edge (09 Feb 2007)
Whether helping the kids with a down payment on their first home, paying the premiums on a life insurance policy in an irrevocable trust, or moving appreciated assets to a younger generation, annual gifting will touch the lives of millions of Americans. But before the transfer is made, an investor should spend some time looking at the investment and the tax ramifications of the property to be passed.
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