IRS Suggests Ways to Kick-start Your Tax Return

Review important numbers such as Social Security numbers of your children or dependent. According to the IRS, errors on Social Security numbers are among the most common errors found on tax return. Getting your numbers right the first time around will reduce your chances of hearing from the IRS and quicken your tax refund.

How to Estimate Your IRS Tax Refund in Advance, for Free!

Wouldn't it be nice to know how much your income tax refund will be. It's like having money in the bank. Well, almost... Now, there's a simple way to estimate your tax refund and it won't cost you a dime. I'm about to show you how you can estimate your Federal IRS income tax refund or return in advance, for free!

Using Real Estate Notes and Installment Sales to Legally Lower Taxes

See how Mary and Joe legally deferred taxes in excess of $500,000 from the sale of their primary home.

What You Should Know About Kiddie Tax

The new kiddie tax change, which was approved by congress, is good only until a child turns 18, as apposed to the old law where it was done away with on the child's 14th birthday. For 2006 and 2007, a child's investment income that exceeds $1,700 is taxed at the parent's rate. To earn $1,700 of income, the invested principal would have to be at least $21,250, assuming an 8 percent annual yield. The first $850.00 of a child's investment earnings will remain tax-free, whereas, the next $850.00 is taxed at the child's rate, which is 10% for interest income and 5% for qualified dividends, and long-term capital gains. The parent's rate can go as high as 35%.

European Union VAT

As of 1 January 2007 Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom are members of the European Union and are required to abide by the laws regarding VAT, or Value Added Tax.

IRS Free File Program Available to 95 Million Americans

Most Americans hate preparing and filing their taxes. To take the sting off of doing them, the IRS free file program enters its third year.

Interesting Insider Information on the IRS

If you get behind on your taxes, it can literally ruin your life. You live in fear of the IRS swooping in and taking everything. A recent internal report, however, reveals some interesting things about the IRS.

Moved Since Filing Last Years Taxes?

We are a migratory society. When we move, each of us goes about the joyous task of trying to get our mail forwarded to our new address. Ah, but what about your taxes?

Home Based Business Tax Deduction Topic - Home Office

If you are self-employed and run you business from a space in your home, you may qualify for a home office tax deduction. This article will cover the requirements to qualify for a home office deduction.

Home Business Tax Savings-Business Travel

If you have a home business that requires you to travel, either by plane, car, or train, then you have additional tax deductions you may qualify for. This includes but is not limited to the cost of airfare, meals, dry-cleaning, and hotel/motel expenses. This article will cover the rules and requirements so you can claim these deductions on your 2006 tax return.

The IRS Says You Made Math Errors - Good News

Like Pavlov’s dogs, we all habitually collect the mail each day. Ah, but what if you get a notice letter from the IRS contesting the math on your tax return?

The IRS Says You Owe Money, But You Disagree

Hard as it is to believe, employees at the IRS are humans just like you and me. This means they make mistakes and you need to let them know when this occurs.

Copies Of Tax Returns

Individuals and companies that need to have copies of their tax returns can easily get it from the Internal Revenue Service (IRS) via toll free phone number or e-mail. The phone number and e-mail address is listed on the IRS website. Users are required to fill an IRS form 4506T, which acts as a request letter for getting copies of tax returns.

What You Need to Know About Online Tax Filing

Filing your taxes is easier than you would imagine. You may qualify for free efiling or can use one of the paid web services. You can also prepare your own taxes using one of the web services. Whatever service you choose for preparing your taxes, you can have your refund deposited in your bank account in a matter of days.