Tax Strategies
The Latest
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August 7, 2013A fairly recent record-keeping rule has been a surprise for many audited taxpayers.
The IRS has tightened up a number of taxpayer loopholes in the last decade,...
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July 29, 2013When entertaining clients or traveling on business, you may be eligible for Federal income tax deductions on a portion of your expenses that are not reimbursed by an...
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July 26, 2013Nonprofits are organizations designed to forward ideas, beliefs, and initiatives as opposed to one individual, or a group of individuals. This is in stark contrast to corporations or many business entities, which transfer a percentage of profits...
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July 25, 2013You do not want to use the IRS like a bank account. Believe me, the money withheld from your paycheck would be better spent elsewhere – loans, payments, or a pair of shoes – than it would sitting in the digital catacombs of the Internal Revenue...
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July 23, 2013If your organization meets certain requirements, you can avoid taxes without applying for tax-exemption.
The paperwork required for tax-exempt organizations is cost-prohibitive to many small, grassroots organizations, which is why the IRS...
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July 19, 2013You may have noticed the remarkably high self-employment tax on Form 1040 (15.3%) and wondered how Americans – who have such a rich history of entrepreneurship –...
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July 16, 2013Occasionally an article will pop up about the hard-edged stance the IRS takes with small businesses, and particularly sole proprietorships.
Always, the implicit...
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July 8, 2013Financial pressure in Congress has caused substantial changes in Federal taxation. Here is a list of those changes, sectioned off by who the changes will most likely affect.
EveryoneMedical and dental expenses: You can...
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July 1, 2013Estimated taxes are simple … in theory.
For salaried employees, estimated tax payments would be fairly simple to calculate, but many small businesses and self-employed persons in the United States can have irregular income,...
Tax Preparation