Automobile Tax ExpensesAuthor: Richard A. Chapo
If you use a vehicle for conducting business, you can deduct certain automobile tax expenses from your tax bill. This is true even if you use the vehicle for personal and business needs.
Automobile Tax Expenses
The powers t
Home Office Tax ExpensesAuthor: Richard A. Chapo
Self-employed individuals often work out of their own home. If this is the case with you, here’s a primer on home office tax expenses you can claim on your taxes.
Home Office Tax Expenses
America is a country built on smal
Innocent Spouses - Relief from TaxesAuthor: Richard A. Chapo
Historically, tax issues arising from bad marriages fell into the category of “better or worse” for marriages. The IRS granted no innocent spouse tax relief, but has changed its views.
Tax Relief
When a marriage has proble
Self-Employed Tax StrategiesAuthor: Richard A. Chapo
Self-employed individuals always cringe at the amount of taxes the pay to the IRS and state. Here are tax strategies for self-employed individuals that reduce those tax amounts.
Tax Strategies
The good news is being self-e
Income Tax HelpAuthor: LeeAnna
There are many websites on the Internet today that gives much needed income tax help for those who have no idea of what's going on during tax time. Income tax is a tax paid on income, unfortunately no matter how little it is. It's paid by employees a
How To Avoid Double Taxation Of Your Small Business ProfitsAuthor: Wayne M. Davies
Have you been thinking about incorporating your small business or self-employment activity? The advantages are many!
For starters, you'll be protecting yourself and your family from the possibility of a business ending lawsuit. Forming a
Accounting Methods – Cash and AccrualAuthor: Richard A. Chapo
When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and the accrual method.
Cash Method
If you are looking for simplicity, the
Are You Overpaying Taxes If You Use Tax Preparation Software?Author: Richard A. Chapo
For many business owners the answer to this quandary is tax preparation software. Fill out a fairly simple interview, click “print” and out comes a completed return that will pass muster with the IRS. The answer to all your problems or is it?
Correspondence From The IRS – Yikes!Author: Richard A. Chapo
It’s a moment every person dreads. You pick up the mail and there is an envelope from the IRS. It’s not a refund check. What do you do?
Don’t Panic
Each year, the IRS sends out millions of “correspondence audits” to tax
