Browse Personal Taxes Articles

Do you need to incorporate? A DBA or sole proprietorship is a great first step for a new business, but there may come a time when it makes financial sense to incorporate your business. Check out our list to find out if your business is there yet. more...

- - Starting Your Business

Has April 15th come and gone and you have avoided filing your taxes? Maybe you don't have the information to complete your return, or you don't have enough money to pay your tax and are afraid to file your return. Whatever the case may be, not filing your taxes has very serious consequences. more...

- - Personal Taxes

It seems one minute you are receiving your W-2 in the mail, the next minute April 15th has passed. Maybe filing your taxes simply slipped your mind. Or maybe you knew you owe the IRS money that you just don't have. Whatever the reason, filing an extension is not the answer. Just because you are getting an extension to file, it doesn't give you an extension for paying the IRS. Read more to find out about tax extensions. more...

- - Personal Taxes

With the current uncertainties in the housing marketing and the credit crunch this past year, everyone is looking to save wisely. And, if you are getting ready to file your 2007 taxes, you will want to take advantage of every available tax break. Here are a few tax deductions that will make filing a little easier on your pocketbook this year. more...

- - Personal Taxes

Many people don't realize that an old sweater in the closet or even that used sedan in the driveway can reap major tax benefits. There are many tax deductions you may have overlooked that are laying around the house or while performing your day-to-day activities. more...

- - Personal Taxes

Now's the time to start thinking about your 2008 taxes. To get the maximum savings, you need to act before the end of the year. more...

- - Personal Taxes

Although many taxpayers get lost in the myriad of IRS forms and rules (the IRS sends out 8 billion pages of forms and instructions each year) one thing is simple to understand - you don't want to pay taxes. The good news is, the more tax deductions you take, the lower your tax liability will be. If you itemize your deductions using a Schedule A, read these five tax strategies to will help lower your taxes and beef up your refund check from dear old Uncle Sam. more...

- - Personal Taxes

Tax audits can be terrifying. We all dread the very thought of filing our taxes so the nightmare that our records could be further investigated sends many of us into orbit. As April looms near, it is important to remember that about 1 to 2 percent of all tax returns are audited each year. So how do you avoid becoming one of the statistics? Although there is no surefire bet, here is a short list of red flags to avoid. more...

- - Business Taxes

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

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