Helpful Tax Tips For Federal And State Tax Returns

Each year there are millions of Americans who prepare their own federal and state tax returns and even more individuals have their taxes professionally prepared. Whatever choice a taxpayer makes ther...

Are You Running to the Post Office Right Now? - Tips for All You Last Minute Tax Filers on April 15

The preparation that goes into filing taxes becomes more ardent as April 15 comes closer. According to the Internal Revenue Services (IRS), the last day for ...

Obtaining an IRS Levy Release: The 668W & 668A

Review of IRS Wage & Bank Levy powers. How to obtain a levy release from IRS.

Battling the IRS

There was once a song about battling the law and losing. Fortunately, battling the IRS is possible and sometimes inevitable.

IRS Tax Problem Help

The IRS, or Internal Revenue Service, is the tax collection and enforcement agency of the Treasury Department of the USA. It goes without saying that there are harsh penalties and fines for tax evaders, though at times, even honest taxpayers find themselves at the receiving end of the IRS. This may be because they have either underpaid or overpaid their taxes.

1031 Exchange Info Guide 101

A smart tax saving tool that is gaining popularity among the real estate investors by enabling them to defer the entire capital gains tax is 1031 Exchange.

1031 Exchange Tips Guide

Section 1031 of the Internal Revenue Code (IRC) defines the 1031 exchange. 1031 exchange also known as Like kind exchange specifies that if an asset that is most often a land or a building, is sold and the proceeds of the sale are then reinvested in a similar type of asset then there is no gain or loss and the capital gains taxes are deferred.

Accounts Receivable Financing for Business Growth and Tax Write Off - What Does It Cost?

Securing the services of an Accounts Receivable Financing Company will allow a small company to bid on almost any contract (government or corporate) within reason. An A/R Transaction provides an automatic Tax Loophole.

1031 Exchange Odds and Ends

Delay capital gains taxes by exercising your right to use a 1031 Exchange.

You Are Paying More Income Tax Than You Are Legally Obligated To Pay!

If you are a business owner or highly compensated person, you are paying more income tax than you are legally obligated to pay. By using a tax savings corporation, you could keep thousands of dollars to invest for retirement, pay medical bills, or other business expenses.

New Procedure for Settling Tax Debts with the IRS

The Tax Increase Prevention and Reconciliation Act of 2005 has ushered in new rules for settling tax debts with the IRS. Here is the scoop on the compromise procedures.

Top 7 Ways to Minimize Your Income Taxes

Are you paying too much in income taxes? Are you getting all the credits and deductions you are entitled to? Here are 7 tips to help you minimize taxes and keep more in your pocket:

IRS to Cut Estate Tax Compliance Personnel

The IRS is planning to cut the number of estate tax lawyers and audit staff it employs.

IRS Offer In Compromise

Internal Revenue Service (IRS), operating under the aegis of the United States Department of Treasury, offers a special program called ‘offer in compromise’ for taxpayers who are unable to pay their full tax debts. Under the IRS offer in compromise program, a settlement equivalent to less than what the taxpayer actually owes can be negotiated. The application and scrutinizing processes are often lengthy. More than half of the applications for IRS offer in compromise are rejected. So, taxpayers usually opt for IRS offer in compromise as a last resort.