Minister's Housing Allowance

The housing allowance that a minister of the gospel receives as a part of the minister's compensation is not subject to income tax. May the minister deduct mortgage interest and real estate taxes on a home the minister owns for which the church provides a tax-free housing allowance? This article answers that question and explains the tax consequences of a minister's housing allowance.

Tax Season – Time for Scams

As tax season draws irresistibly closer, the scam artists are polishing their latest techniques. This article should help you keep an eye out for these nasty individuals.

Save Taxes Using the Section 179 Deduction

The Section 179 deduction is one of the best deductions in all of the Internal Revenue Code. A business may deduct up to $108,000 of business equipment, furniture, machinery, and off-the-shelf computer software that the business purchases and places in service in 2006. Some limitations and special rules apply. The Section 179 deduction also saves self-employment tax for self-employed individuals.

IRS Won't Forgive Taxes Owed by eBay, Amazon 'Hobby' Sellers

Many part-time online sellers believe they aren't liable for paying federal income tax. But even if you have a full-time job where income is withheld for taxes, Uncle Sam still wants his cut from your part-time selling profits.

Common Tax Mistakes

People make a lot of mistakes when it comes to their taxes... here's a few of them.

Debt and Denial - During the Tax Season

As 120 million households prepare their taxes this year Bill Mitchell asks the $64,000 question. “With the tax season deadline approaching, what election will you use to file your 2005 tax return? Married filing jointly or married with money grubbing cheating Spouse?”

IRS Wants to Know About Fake Emails Using IRS Name

Obviously, you use the Internet or you wouldn’t be reading this article. Since you use the web, you know about phishing scams or should. Some scams are now using fake IRS identification.

Debt Management Begins with Paycheck Management

One good start towards managing your debt is to adjust your withholding taxes so that you can take more cash home every payday.

10 Ways To Reduce Tax Burden For Your Small Business

An ideal lawyer will not just have a string of impressive credentials or gold lettering on his door. He or she will be caring, concerned, and devoted to their work. You need to think carefully before laying your trust in a lawyer after all in some cases your life, future, money or property will be in his hands.

How To Qualify As A Dependent On A US 1040 Tax Return

First, the qualifying individual must be a US citizen or national, and their marital status must be single, read the full article for more information.

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).

UK Resident Doctors and Dentists - 7 Tax Saving Tips for the Next 12 Months

Achieving success with your financial planning is as much about how much money you manage to keep rather than how much you earn. Saving tax is one area where you can make a big difference to your net income, so use these strategies to your advantage...

3 Tips For Keeping Proper Tax Records For Your Home Business – And Keeping The IRS Happy!

Need help keeping good records and preparing your taxes? These tips will help you save time, money - and keep the IRS off your back!

Tax Tips for Writers & Authors

Making a living as a writer? These tax tips could save you thousands of dollars a year.