Here's Some Interesting Tidbits About the Annual Gift-Tax Exclusion

Here are some interesting tidbits about the annual gift tax exclusion that you should be aware of.

Where to Deduct Tax Preparation Fees

Are tax preparation fees deductible only as a miscellaneous itemized deduction for all taxpayers? Has the IRS issued a ruling that shows where taxpayers may deduct tax preparation fees to save the most in taxes? If you own rental real estate or you are self-employed, you need to read this article.

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.

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.

Don't Go to Jail for Failing to Pay State Sales Tax on Internet Purchases

Many online sellers believe Internet sales aren't subject to state sales taxes. Bookseller Steve Weber explains why it's best to check with your state revenue office.

Top Tips For Saving Money On Your Tax Bill

Getting Ready To Submit Your Tax Return? Read these tips to save money before the tax year ends.

Money The Government Wants Your Tax Client To Have

Earned Income Tax Credit or EITC as the Internal Revenue calls it is a special tax credit the U.S. government has provided for low income and moderate income individuals. Another way of putting it is, it's money the government is giving your low-income wage earner tax clients, as a bonus for working hard for a low wage.

Tax Credits: Getting Your Share

Do you pay more than your fair share of the tax debt? Isn't it time to pay more attention to your budget than the government's deficit? Paying your fair share is an honor. Paying MORE than your fair share is bad stewardship.

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?”

What is a 1031 Exchange?

1031 Tax Exchange from the IRS will allow you to save a lot of money, but how? What is it exactly?

A Winning Marketing Plan for Tax Planning

Integrating tax planning into your financial planning practice may help grow your business, but it must be marketed effectively and consistently. The key elements in developing a winning marketing plan are positioning and using the basic communication channels.

Tips For Preparing Your Taxes from the Internet

When it comes to preparing our taxes, many of us could use some help. The following websites offer guidance and information that may assist you in learning about how to get the most out of filing your returns.

Capital Gains Tax and You

What you need to know about Capital Gains Tax and corporate tax structure