Who Loves the Taxman?

The old saying goes, 'No one loves the taxman', but if I must pay taxes, the people at the Inland Revenue Authority of Singapore (IRAS) are the folks I'd rather pay them to. IRAS boasts one of the best programs I have seen for building an energized and dedicated service culture.

Why Some Do Not Understand Taxation Debate

Many American Voters do not understand the taxation debate around election time. They hear stories of businesses and rich folks getting big tax breaks and yet do not fully understand, although at first glance they feel that is somewhat unfair. What is very unfortunate is that many politicians will claim that only the rich get the tax breaks.

Accounting - Tax Deductible Medical and Dental Expenses

The itemized deduction option is available to taxpayers who wish to claim medical and dental expenses. The option gives taxpayers a larger total deduction, if they qualify.

How to Settle Your Tax Debt for Pennies on the Dollar

When you owe the IRS for back taxes, you probably owe a large sum. Most people who fall behind in their taxes, owe for more than just one year. When you owe back taxes, you know that the penalties and interest will end up costing you more than the original debt - usually MUCH MORE!

Tax Preparation and Filing Online

Using the internet to file your taxes online is a convenient way to complete your tax return. If you are thinking about preparing your taxes online this year, then don't worry because it's easier than ever. Here is a quick guide to help you get your tax preparation and tax filing online done fast and easy.

Finding Real Relief From High Taxes

It is the bane of citizens everywhere: high taxes that can crimp your lifestyle, even affect the way that you do business. In many areas, citizens are revolting against ever increasing taxes by insisting that lawmakers hold the line on spending.

Deducting the Home Office: For Itemizers and Non-Itemizers

The IRS provides numerous examples on a variety of topics, usually focused on what the taxpayer cannot do. This article covers some of the planning opportunities, focusing on what you can do to legitimately deduct your home office expenses and to maximize your home office expense deductions.

Deducting the Home Office: Who Cares About Recapture?

The home office deduction is one of the least understood deductions. Many taxpayers avoid the deduction, frequently on the advice of their tax accountant or attorney, for fear of an IRS audit or concerns over the recapture of depreciation when their personal residence is later sold. This article will provide a brief description of the tax savings components associated with the home office deduction for both itemizer and non-itemizer taxpayers and provide some net present value illustrations so that you can see the impact of the recapture of depreciation when your personal residence is sold. The impact is modest.

Get Your Taxes In Order As The Year Comes To A Close

If you complain about paying taxes, and who doesn’t, then you need to take steps to limit the pain next April. Yep, you should always make adjustments to your finances at the end of each year.

The IRS Is Coming - Are You Ready?

The audit itself is traditionally thought as a meeting between an agent of the IRS and the taxpayer. However a good percentage of tax audits come in the form of a letter asking for clarification or substantiation of items on the tax return. Careful and organized record keeping usually make these types of audits resolve rather smoothly.

How Recent Tax Changes Will Affect your Business and How to Choose the Right Finance Partner

A personal perspective on recent changes to business leasing taxation with some advice on financing business expansion.

Tithing - Giving Money Away to Gain Tax Benefits

No good deed goes unrewarded. This is even true as far as the tax man is concerned. As human beings we are compelled to help those who are less fortunate than ourselves. It makes us feel good inside when we are able to help a family in trouble, donate money to the church, or donate our old clothes to the Good Will. But did you know that these acts of kindness can actual lower the amount of taxes that you pay?

Alternative Minimum Tax May Be Sneaking Up On You!

Are you aware that the IRS is waiting to snare you and grab more of your money? As a middle income tax payer, I was not aware that the government is just waiting for me to increase my annual income so they can skim more off the top. The alternative minimum tax was originally designed to affect the wealthy, who have often not paid their fair share of taxes because of allowed deductions and other ways of avoiding their tax obligation. But it is now starting to affect more and more middle income Americans.

Do It Yourself Income Tax Preparation Services Online

Doing your income tax return yourself can be a challenge. Learn how online income tax preparation can make this yearly chore a lot easier. It's estimated by the IRS that over 70 million people will file their taxes online this year. Many of these 70 million tax filers will use the do-it yourself method offered at, IRS approved online income tax preparation services.