IRS Articles

1). Figuring Out Your W-4 Withholdings By : Richard A. Chapo
If you are employed by a business, you have the ability to play with the withholding on your paycheck. Fortunately, there is an easy way to do this online these days. Figuring Out Your W-4 Withholdings What is one of the happiest days of the year? Holidays excluded, for many people it is the day they get their tax refund check. Yep, cold, hard cash they can spend anyway they want.
Article Related to: irs, tax, taxes, forms, w4, w-4, paycheck, returns, withholdings, witholdings

2). Strategies For Limiting Taxes If You Are Your Own Boss By : 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. Strategies For Limiting Taxes If You Are Your Own Boss The good news is being self-employed is one of the best tax strategies out there. Unlike a salaried employee, the full scope of tax credits and deductions available in the tax code are now available to you.
Article Related to: tax strategies, self employed, irs, taxes, tax, fica, quarterly, ira

3). Knowing The Various Costs Of Starting A New Business By : David Gass
Explains the costs and risks involved with starting up a new business.
Article Related to: costs, new business, small business, credit, loans, insurance, bank, balance, capital, taxes, irs

4). Tax Returns - Should You Itemize? By : Richard A. Chapo
When you finally decide it is time to prepare your taxes, the first question is whether you should itemize your deductions or take the standard deduction provided by the IRS. Choices, Choices… Tax deductions are a very simple part of a theoretically simple tax reporting system. If you’ve ever prepared your own taxes, you know this simply isn’t true.
Article Related to: tax, taxes, irs, tax return, deduction, itemize, standard deduction, 1040, deductions

5). Understanding The Reasons For Stock Splits By : David Gass
Describes why companies choose to engage in stock splits and the affects this has on the stock market as a whole.
Article Related to: stock splits, corporations, public, companies, small business, liquidity, cash flow, investment, irs

6). Tax Quotes and Jokes for Tax Season By : Richard A. Chapo
Like death, paying taxes is inevitable. In the case of most Americans, tax season is just around the corner. If only paying taxes was so easy. As you begin pulling out those receipts, the eraser and reading plain English tax instructions that Einstein couldn’t figure out, you’re going to need a good laugh. Here you go: 1. I am proud to be paying taxes in the United States.
Article Related to: tax jokes, tax quotes, irs

7). Insider Secrets about Corporations: Or, Why Should I Incorporate? By : Germaine A. Hoston
-"Why should I incorporate? I can just do this business as a sole proprietor, right?" -"Isn't it complicated and expensive to form a corporation?" -"I run my business with my spouse, and we have a partnership. Why would we need to have a corporation?" These have to be the most frequently asked questions that I--and my own financial and legal advisors--get from our clients.
Article Related to: incorporate, corporation, irs, taxes, inland revenue, small business, home based business, entrepreneur, limited liability, asset protection

8). Understand IRS Real Estate Auctions By : Richard A. Chapo
While the IRS will auction off just about anything to satisfy a tax bill, seized real estate gets people excited. Here are the basics of IRS real estate auctions you need to know. Understand IRS Real Estate Auctions Does the IRS really seize homes and then auction them off? Yes. The seizures occur from wayward taxpayers who never pay their taxes and seizures of crime-inspired purchases such as those from drug dealers and such.
Article Related to: irs, tax, taxes, real estate, auctions, seizures, title, auction, cash, drugs

9). 3 Tips For Keeping Proper Tax Records For Your Home Business – And Keeping The IRS Happy! By : Kris Bickell
The last thing most people think about when starting a business is doing taxes. But proper planning will make doing your taxes much easier - and keep the IRS happy! Here are 3 simple tips for keeping proper records: 1. Whenever you buy anything for your business, keep the receipt! Not only will this make record keeping a lot simpler, but if you are ever audited (having your tax return reviewed in detail by the IRS), you can prove your expenses, and save yourself money.
Article Related to: build wealth, personal finance, save money, tax planning, irs, retirement planning, record keeping

10). Down Payment Scams – The IRS is Hunting By : Dan Lewis
Coming up with the down payment for a home purchase can be a big hurdle. If you are straining to get the money together, be careful because the IRS is targeting down payment scams. Down Payment Scams – The IRS is Hunting Charitable organizations do not pay taxes. This occurs when an organization is qualified by the IRS as an exempt charity under section 501c3 of the tax revenue code.
Article Related to: mortgage, home loans, loans, irs, down payment, scams, charity, donation, seller, buyer

11). Giving To Charities – Tax Deductions and Such By : Richard A. Chapo
The tax code in the United States contains many provisions to promote certain behavior. One area of behavior is the promotion of giving to qualified charities. Giving To Charities – Tax Deductions and Such In the rush to get tax returns prepared and filed, many people absentmindedly forget to include deductions for contributions to charities. If you itemize deductions on your tax return, this can be an expensive omission.
Article Related to: tax deductions, charity, 501c3, irs, taxes, donate, donating, donations, 2005, politics, tax code

12). Write-Off Bad Business Debts On Your Taxes By : Nomad Rick
Practically every small business has receivables that it cannot obtain from clients. If your small business doesn't have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can be taken from the fact you can claim a tax deduction. Bad Debt Tax Deduction A small business can write-off bad debt losses if it meets nominal requirements.
Article Related to: tax, taxes, irs, debt, debts, bad debts, write off, deduct, deduction, deductions

13). Tax Credits for Energy Efficient Air Conditioning In Your Home By : Richard A. Chapo
The government often tries to influence our behavior through taxes. The tax credit for new energy efficient cooling systems in our homes is one example. Tax Credits for Energy Efficient Air Conditioning In Your Home As part of the provisions in the Energy Policy Act 2005, homeowners are entitled to claim tax credits on use of a few energy saving items.
Article Related to: tax, taxes, energy, air conditioning, air conditioner, homes, residence, energy policy act, irs

14). How To Audit-Proof Your Tax Return Forever: A Recent Close Encounter Of The IRS-Kind By : Wayne M. Davies
Congress has passed legislation that is supposed to result in a more "sensitive" Internal Revenue Service. You know, not such a lean, mean, tax-collecting machine. Hmmm . . . . What do you think? A few months ago, one of my clients (let's call him Mr. Jones) got one of those IRS "love letters" requesting more information about his return, and the IRS wanted to meet with Mr.
Article Related to: tax, deductions, audit, irs

15). Tax Credits for Retirement Savings By : Richard A. Chapo
It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering tax credits to change this for some of us. Tax Credits for Retirement Savings Social security is going to be under siege as baby boomers hit retirements. Fortunately, many baby boomers have put away piles of cash in 401ks and IRAs.
Article Related to: retirement, tax, taxes, tax credits, 401k, ira, social security, federal government, irs, pre-tax

16). Understanding Business Credit Scores By : David Gass
Describes the operation and analyzation of companies based on their business credit scores.
Article Related to: credit, scores, loans, small business, accounts, balance, budget, business, coporation, company, irs

17). Legality of Offshore Investments By : Ronald Hudkins
Copyright 2006 Ronald Hudkins Having an offshore banking account, corporation or trust are common themes in legal thrillers, spy novels and eastern European politics. There is a reason to be concerned about the legality of such accounts, for although many people would like to include them in their estate planning, a legal misstep regarding the use.
Article Related to: offshore banking account, irs, offshore banking, tax attorney, tax avoidance, tax evasion, unreported cash, tdf 90-22.1, jacobs report, estate planning, tax specialist

18). IRS Crushes Credit Counseling Groups Claiming Non-Profit Status By : Richard A. Chapo
Many credit counseling groups claim they are in it just to help you and not make a profit as indicated by their charitable organization status. The IRS is not happy. IRS Crushes Credit Counseling Groups Claiming Non-Profit Status For the last five years, the IRS has been taking a much closer look at businesses claiming to be non-profit organizations.
Article Related to: irs, credit, counseling, audit, credit report, non profit, charity, scam, credit scams

19). Convert To Roth IRA Regardless of Income – 2010 By : Richard A. Chapo
An odd quirk in the recent legislation to extend the Bush Tax Cuts is giving IRA holders a huge break. For one year, and one year only, the income cap will be gone. Convert To Roth IRA Regardless of Income – 2010 2010 may seem like a long way off, but something magical is going to happen then if you prepare for it. The recent legislation extending the Bush tax cuts contains a unique clause regarding the Roth IRA.
Article Related to: ira, roth, retirement, tax, taxes, irs, bush, tax cuts, tax legislation, income, cap, 100, 000

20). 1099-MISC Forms For Independent Contractors for 2005 By : Richard A. Chapo
As we begin 2005, you’re probably not thinking about taxes at all. This is a mistake as deadlines are approaching for issuing and filing 1099s to independent contractors. What is a 1099 MISC? Generally speaking, the IRS requires you to report certain payments you made during the year to independent contractors. The 1099-MISC form is a single page on which you report to total amount you paid to the independent contractor during 2005.
Article Related to: 1099, misc, independent contractors, irs, taxes, penalty, 1099s, 1096

21). Decoding the IRS Dependent Rules! How Do I Know When to Claim a Dependent? By : Timothy Rea
Taxes can be confusing to anyone, whether you’ve been paying the IRS for years or this is your first time. The IRS doesn’t have to be an "evil" entity, if you know how taxes work and where you can take deductions. This article looks at some of the general questions people have in regards to tax credits and how to deal with personal businesses.
Article Related to: taxes, irs

22). The Evolving Role of Accountants By : Richard A. Chapo
With products like Turbo Tax improving, many wonder where this leaves accountants. Ironically, the evolving role of accountants is helping people save on their taxes. The Evolving Role of Accountants Given the fact that paying taxes isn’t the most popular of tasks, most people don’t give much thought to the role of accountants. Going to your accountant is often viewed much like going to the dentist.
Article Related to: tax, taxes, finance, accountant, accountants, cpa, preparation, prepare, irs

23). IRS Announces Tax Credits For Toyota Prius By : Richard A. Chapo
The Toyota Prius is the vehicle that started the entire hybrid vehicle craze. It continues to dominate the market and the IRS has announced the tax credits for this year. IRS Announces Tax Credits For Toyota Prius In an effort to promote energy efficiency, the federal government has instituted an energy program that provides financial rewards for energy efficient products.
Article Related to: irs, tax, taxes, prius, credits, hybrid, toyota, vehicles, deduction, energy, oil, gas prices

24). Taxes for Day Traders and Investors By : Richard A. Chapo
Whether you are an active day trader or just put money into the market for long term gains, taxes are something you need to address. The IRS views traders and investors differently. Taxes for Day Traders and Investors As odd as it may sound, the tax code is fairly vague on the issue of taxes for day traders versus investors. Alas, the IRS has instituted a more definitive view on the subject.
Article Related to: tax, taxes, irs, stock, investing, capital gains, day trader, trading, investors

25). Do Income Taxes Threaten Your Well Being? By : frank vanderlugt
Information about Income Tax and what to do if you have problems.
Article Related to: income tax, irs