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When tax time rolls around, it's always nice to see your charitable contributions pay off as a charitable deduction. The question is: while contributing may be good for the soul, how good is it really on your tax return? more...

- - Personal Taxes

The entertainment industry is completely unrecognizable from what it was fifty years ago. You can watch movies on iPods, download tv shows from the Internet, and vote for the newest American Idol with your phone. And it doesn't stop there. Fifty years ago, you'd never hear a salty independent producer say "I'm gonna put you in my LLC, kid." Today, you just might. more...

- - Corporate Law

This year's dreaded April 15th fell on a Saturday, giving taxpayers until April 17th to file their taxes. Residents of the District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New York and Vermont were able to file their federal tax returns as late as Tuesday, April 18, 2006, due to Patriot's Day. But even with extra days, many citizens across the country fail to do their taxes in time. What's their solution? Many of them file an extension. more...

- - Personal Taxes

There have been rumors circulating ever since Bush first took office that the Estate Tax was headed for extinction. This past election year, in fact, both John Kerry and George W. Bush made the Estate Tax a huge topic of debate. Yet, for many it still unclear what changes if any have taken place. The truth is, the Estate Tax is alive and well but slowly on its way out (until 2011, that is). more...

- - Estate Taxes

Throughout the year, many taxpayers keep receipts of charitable donations, business expenses, and even vehicle mileage, for a lucrative tax write-off in April. However, many Americans may not realize that, in certain situations, breeding animals, breast augmentation, and even body can equate to a tax write-off. more...

- - Other Tax Topics

Now that April 15th has passed, most small business owners are feeling a collective sigh of relief. They have navigated through all of that paperwork and even filed on time. But what many small business owners do not know is that filing as a sole proprietorship could put you at risk for being audited because a Schedule C may raise a few more needless red flags than tax forms for a corporation. So what are those pesky red flags and how does a corporation help avoid them? more...

- - Business Taxes

The tax-exempt status of a non-profit is quite alluring. In addition, non-profits are eligible for a variety of government grants and funding. Like many business owners, you may have wondered whether your firm could reap the benefits of being a non-profit. After all, who wouldn't like to pay less for postage? However, converting an existing venture to not for profit status is not as easy as just saying goodbye to your tax bills. more...

- - Starting Your Business

Tax audits can be very frightening. And, even though only about 1.5% of all returns are audited each year, there are some steps you can take to reduce your chances of being audited. more...

- - Personal Taxes

If a real estate owner does not pay the required taxes on a property, the county will offer the property up for sale at an auction as a "tax sale" to help generate the lost tax income. There are two types of tax sales - tax lien sales and tax deed sales. In tax lien sales, the county government sells their right to the tax lien on the real estate property, allowing the buyer to bid on the tax debt for a favorable return on investment. In tax deed sales, the county government sells full ownership and possession rights of the property to the investor. Both result in a flexible and secure investment with minimal market risk. more...

- - Estate Taxes

Who knew that last year's corporate tax cut would give any relief to the little guy? It's true. Lawmakers decided to allow taxpayers to deduct state and local sales tax. This tax break actually cost federal reserves $5 billion. But the bill's supporters considered it a worthwhile investment. The break won votes of support from representatives from states with no state income tax. more...

- - Personal Taxes