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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

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

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

Are you considering giving a significant gift to a future heir this holiday season? Our introduction explains the potential tax benefits as well as other important considerations for gifting to heirs. more...

- Estate Planning Basics

In a perfect world, every taxpayer would file his or her returns on time. Unfortunately, that's not always the case — particularly in tough economic times. So what should you do if you have to file your taxes late? more...

- Personal Taxes

Home improvements with a green twist? Energy efficient improvements to your home or even a brand new hybrid car may just help you get one step closer to landing a big fat refund this April. The problem is this may be the last year to get the credit. Here is the short list of credits expiring this April 2008. more...

- Personal Taxes

Home improvements with a green twist? Energy efficient improvements to your home or even a brand new hybrid car may just help you get one step closer to landing a big refund check. The hitch is it could be the last year to get that credit. Here is a short list of credits expiring this April. more...

- Personal Taxes

If you're like most people, you aren't looking forward to tax time. Most of us would rather do anything else. But you can make tax time less painful. Here are some year-end tax tips that may help. more...

- Personal Taxes

It has been a busy year in Washington. Here are just a few of the tax changes taking place. It is always wise to consult a tax-preparation professional for complex tax questions. For more information, visit the IRS Web site at www.irs.gov more...

- Personal Taxes

There are so many to choose living in a particular area. Certainly, warm climate, exceptional school systems, or enjoyable nightlife, may rank high on your list. But what about tax-friendliness? Find out where your favorite city ranks on the list? more...

- Personal Taxes