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Tax Shelters for High Income

in Individual Taxes by Jonah Sparks
Due to changes in tax laws, strategies for lowering individual income taxes are harder to come by. But they do exist. Accelerate Capital Losses and Defer Capital Gains If you have investments on which you have an accumulated loss you should consider selling…
IRS Home Office Small Business Tax Deductions
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Top 10 Home/Small Business Tax Deductions

in Business and Non-Profits by Madeline Delanni
One of the major advantages of being self-employed or having your own home based business is that there are many allowable deductions that you can claim against your tax obligations to the federal government. These can all be found, itemized, on the website…
Pay Taxes
2440

Is it Legal to Tax Us?

Why is it that just when you think you can relish the prospects of a new year, a clean…
dealing with the IRS income tax preparation tips
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I Need Help With My Taxes!!!

I tried to prepare my own IRS taxes this year and now have no fingernails (on either…
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How Do Tax Shelters Work?

Tax shelter. It sounds like a wonderful thing. Be honest, if you’re going to need shelter…
tax file boxes
2540

How Long Should I Keep Tax Records?

You’d think this would be a simple question with a simple answer; however, there are…
Top 10 Itemized Deductions for Internal Revenue Service
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Top 10 Tax Deductions Often Overlooked

So you've decided to itemize rather than use the standard deduction. Here is a list of…
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Do you have to file taxes if you do not owe any taxes?

Yes. The requirement to file an income tax return is not determined by whether you owe…

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IRS Social Media