Should I Use An Income Tax Preparation Service Or Buy Tax Prep Software?

The IRS would like to welcome you to the income tax preparation season of the new year! That's the way the taxes work. While on one hand you are enjoying the beginning of the new year and on the other you are looking back at the previous year while coming to terms with the pending tax bill. Find out how to make the best of tax season-

Beware the Part Time Tax Preparer

If there is something people enjoy less than preparing their tax returns, it is hard to imagine. If you look to another to do the job, be very careful who you pick.

Tax and Financial Impacts of Divorce

A divorce is always an emotional and volatile situation. Anger, hostility, and mistrust are very common especially in the early stages. It is important to be aware that the Internal Revenue Service is not going to be the least bit interested in these problems, nor are they going to care who is to blame. If there is ever a time to try to work together and set aside the disagreement, it is at tax time. It is very helpful to get some professional tax advice because the rules do change a bit during this time and there are provisions in the tax codes that address divorce.

Taxation

Taxes is a difficult issue that effects everybody's life. The notion of fair taxation system is a merely mystical one because no matter how well planned it is, there will be people who will not be satisfied for a number of reason.

Options For Getting Your Taxes Prepared

This article looks at the options you have for getting your taxes prepared. From the do it yourself method, to hiring the pros, we look at the pros and cons of each.

What To Do If You Need Help With Your Taxes

Are you trying to prepare your taxes, but you're stuck with what to do next? This article will let you know all of the options you have when you need help.

Common Tax Credits You Might Be Eligible to Claim

The trick to minimizing your tax pain is to reduce your gross income as much as possible. Tax credits are one of the more powerful tools for doing this.

When Is It Safe To Deep-Six Those Income Tax Records?

You need no reminder to hold on to your tax records in case your returns are questioned by the Internal Revenue Service. But just how long do you need to save those old records that clutter up your closets and desk drawers?

Reporting Foreign Financial Accounts

If you are a US citizen, it is important to know that you must report the presence of any foreign financial accounts you have per IRS rules and regulations.

Wholesale Business - Tax Season Tips

Smart business saving tips for getting to enjoy Uncle Sam tax-loopholes even more, this season

Estate Tax - What It Is And How It Is Filed

Learn about how the estate tax works.

Unclaimed Tax Refunds - How To Claim Yours

We've all heard about the millions of dollars in unclaimed refunds each year, but do you know how to find out if you're owed money? Here's how to find out.

2007 Federal Excise Tax Refund Warning

This is March 2007, a month yet before the end of the 2006 tax season, and audit letters from the IRS are already going out, some private tax offices have been closed and some people have been charged with fraud. All because of abuse of this years one time Federal Excise Tax Credit.

How to Make a Sizable Charitable Donation From Your IRA - Tax Free

If you are over 70 1/2, have an IRA and are charitably inclined, a new law allows you to make a substantial gift from your IRA — tax-free. However, there is a narrow window of opportunity.