Income Taxes

The Latest

  • December 3, 2014

    Everyone must pay taxes on the income they receive during the year, whether it is from a job, self-employment, or other sources. The IRS expects to receive tax payments as your income is earned...

  • December 1, 2014

    Millions of people enjoy having hobbies — whether it’s photography, antiquing, craft making, collecting coins, or breeding horses. It usually costs money to support a hobby, but in some cases, your hobby can also make you money.

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  • September 24, 2014

    The ability to work for yourself and be your own boss is an exciting prospect. Becoming self-employed in your field of expertise can give you the freedom to find a work-life balance that is hard to achieve when you are employed by a someone else...

  • September 19, 2014

    Starting a new business is an exciting adventure, but also a major undertaking. Although, as a new business owner, you may be an expert in your field or industry, you may be new to paying taxes...

  • February 11, 2014

    When it comes to tax preparation many people are far from efficient. In fact, most taxpayers are disorganized and unprepared when they begin to file their returns. Of course, you don’t have to make this mistake. The following 5 tax preparation...

  • January 22, 2014

    It is important to understand the difference between State income taxes and Federal income taxes. If you don’t, you could end up making mistakes that can cost you both time and money (such as underpaying or overpaying on your tax returns)....

  • October 15, 2013

    A Federal income tax audit is a review of your income tax return to determine its accuracy and truthfulness. Note that a tax audit is not necessarily an...

  • September 18, 2013

    For most people, the thought of paying income taxes makes their spine tingle. While everyone knows that income taxes are paid to the IRS (Internal Revenue Service) each...

  • September 10, 2013

    Many people do not understand marginal income tax and how it affects them. In turn, they can end up making financial decisions that are actually less beneficial...

  • September 4, 2013

    Undoubtedly the two biggest benefits of having an employer are health insurance and retirement plans, right? Wrong. Both of these...