Personal Taxes

Learn how to save, find some little-known deductions, get the latest in tax breaks, and more in our Personal Taxes articles section.

Sole proprietors: Are you at risk for a tax audit?

What many small business owners do not know is that filing as a sole proprietorship could put you at risk for being audited.

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What are the penalties for not filing taxes?

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…

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Why everyone needs life insurance

Life insurance is one of the best ways to make sure your loved ones don't suffer financially if something happens to you.No matter what life stage…

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Reduce self-employment taxes with a corporation or LLC

Self-employment taxes can take a big bite out of your income—but you can take steps to minimize the impact.

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Do I Need to File a Tax Return for an LLC With No Activity?

Even if your LLC didn’t do any business last year, you may still have to file a federal tax return.

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Charitable contributions: How much can you write off?

Your ability to deduct charitable gifts depends on the type of donations you make and the organizations receiving them.

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6 Qualities Business Owners Need in a Tax Preparer

Business owners need tax preparers they are comfortable with and can trust to help them comply with tax rules while minimizing taxes. Anyone can…

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What Is a Tax Amendment?

Did you make a mistake on your previously filed tax return? You can correct mistakes by filing Amended U.S. Individual Income Tax Return (Form 1040-X…

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Self Employment Tax: What to Know and How to Calculate It

Self-employment taxes require quarterly payments calculated at a higher rate than employees who have their payments deducted from each of their…

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Where's my refund?

Although nobody likes filing taxes, a refund is cause for celebration. Most people receive their refund within three weeks- provided that they know…

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