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What to Look for in Online Tax Prep and Filing Software

TweetShareSharePin0 Shares What to Look for in Online Tax Prep and Filing Software Source: Flickr You may have a less taxing time this April if you let computer software do much of the hard work filing with the IRS. You won’t be alone. According to IRS data, more than 68 million tax returns were filed

Alternative Minimum Tax – Online Tool

TweetShareSharePin0 Shares Alternative Minimum Tax – Online Tool Source: Flickr Hell hath no fury like a person who just found out the alternative minimum tax applies to them. The IRS has set up an online tool to figure out if you do. Alternative Minimum Tax The alternative minimum tax is a procedure that was set

Use Child Tax Credit for Tax Savings

TweetShareSharePin0 Shares Use Child Tax Credit for Tax Savings Source: Flickr Now, here’s a real tax savings to the individual taxpayer with dependents. The child tax credit is a direct federal income tax credit based on the number of dependent children in your family. This federal tax credit is available to provide credit to taxpayers

Home Business Legalities And Tax Advantages

TweetShareSharePin0 Shares Home Business Legalities And Tax Advantages Source: Flickr Even if you work out of your home, most cities and/or counties require you to have a business license and/or permit. Check with your local government municipalities to find out what the requirements are for where you live. Depending on where you live, you should

Revealing The Truth Behind The Garnishment Laws

TweetShareSharePin0 Shares Revealing The Truth Behind The Garnishment Laws Source: Flickr Garnishment law has been in force to improvise the mode of collection of payment for the money due towards the federal government or any other creditor. Garnishment law also states wage garnishment according to which the money is deducted directly from the person’s salary

How to Save Thousands with an S Corporation

TweetShareSharePin0 Shares How to Save Thousands with an S Corporation Source: Flickr How to Save Taxes with an S Corporation Ever wondered why so many small businesses—more than 3,000,000 at last count—operate as an S corporation? Simple. An S corporation saves business owners big taxes in three separate ways: First, as compared to regular corporations

How to Save Taxes with an S Corporation

TweetShareSharePin0 Shares How to Save Taxes with an S Corporation Source: Flickr Ever wondered why so many small businesses—more than 3,000,000 at last count—operate as an S corporation? Simple. An S corporation saves business owners big taxes in three separate ways: First, as compared to regular corporations (sometimes called C corporations), S corporation owners can

Cafeteria Benefits and Your Workforce

TweetShareSharePin0 Shares Cafeteria Benefits and Your Workforce Source: Flickr Especially if you happen to be one of those unflinchingly ambitious micro-business entrepreneurs, I’ve been reading about everyday in pubs like Crain’s Chicago Business, you’ll eventually find that designing and offering up an attractive employee-benefits package will be an essential component of your future growth. An

What You Need To Know About Taxes If You’re Getting Married

TweetShareSharePin0 Shares What You Need To Know About Taxes If You’re Getting Married Source: Flickr It may not be high on the list of wedding planning activities, but there are a few simple steps that can help keep tax issues from interrupting your newly wedded bliss. If you recently married, check out your new tax

IRS Holding $2 Billion In Unclaimed Tax Refunds

TweetShareSharePin0 Shares IRS Holding $2 Billion In Unclaimed Tax Refunds Source: Flickr Every year, the IRS announces that it is holding unclaimed tax refunds. Taxpayers have a limited time to claim the $2 billion dollars the IRS is currently holding. Three years is a magical number when it comes to tax returns. It refers to
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