5 Common Money Mistakes Small Businesses Make

5 Common Money Mistakes Small Businesses Make

Taxes

Plenty of factors can contribute to a business venture's demise. Sometimes it's a lack of consumer interest; other times it's a matter of bad marketing tactics. But perhaps the most deadly contributor to startup failure is not knowing how to manage your business finances.

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12 Expenses That Are Not Tax Deductions For Most Taxpayers

12 Expenses That Are Not Tax Deductions For Most Taxpayers

Taxes

“Can I deduct the cost of taking care of my cat? She’s like a member of the family.” Over the course of the year, I’ve received a bunch of questions – like the one above – about deductions. My answer is often, “It depends.” That’s because facts and circumstances matter: deductibility may hinge on such specifics as your occupation, whether you’re self-employed, the location of your office or whether you have a diagnosed medical condition.

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New Jersey Tax Preparer Sentenced to 18 Months

New Jersey Tax Preparer Sentenced to 18 Months

Taxes

A New Jersey tax preparer received an 18-month prison sentence Tuesday for willfully preparing fraudulent tax returns for clients. Kellar Covington, Jr., 62, was also ordered by U.S. District Court Judge Faith S. Hochberg to serve one year of supervised release and refrain from the tax preparation business for 10 years.

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IRS gov has information about the health care law and its effect on your taxes

IRS gov has information about the health care law and its effect on your taxes

Taxes

There is a lot of information in the news and online about the health care law and its effect on your taxes. From the individual shared responsibility provision to the definition of minimum essential coverage, the IRS website covers a wide range of health care topics and how they relate to your taxes.

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Top Ten Tax Facts if You Sell Your Home

Top Ten Tax Facts if You Sell Your Home

Taxes

Do you know that if you sell your home and make a profit, the gain may not be taxable? That’s just one key tax rule that you should know. Here are ten facts to keep in mind if you sell your home this year.

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Companies Are Dodging US Taxes Like Never Before, And Lawmakers Are Worried

Companies Are Dodging US Taxes Like Never Before, And Lawmakers Are Worried

Taxes

As more U.S. corporations do deals to cut taxes by shifting their tax domiciles overseas, the Senate Finance Committee will hold a hearing on Tuesday focused on these transactions known as inversions.

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IRS Summertime Tax Tips - 5 Tax Tips for New Businesses

IRS Summertime Tax Tips - 5 Tax Tips for New Businesses

Taxes

If you start a business, one key to success is to know about your federal tax obligations. You may need to know not only about income taxes but also about payroll taxes. Here are five basic tax tips that can help get your business off to a good start.

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A Summer Adjustment Can Prevent a Tax-Time Surprise

A Summer Adjustment Can Prevent a Tax-Time Surprise

Taxes

When it comes to filing a federal tax return, many people discover that they either get a larger refund or owe more tax than they expected. But this type of tax surprise doesn’t have to happen to you. One way to prevent it is to change the amount of tax withheld from your wages.

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IRS Summer Tax Tip - Request a Transcript or Copy of a Prior Year Tax Return

IRS Summer Tax Tip - Request a Transcript or Copy of a Prior Year Tax Return

Taxes

You may need copies of your filed tax returns for many reasons. For example, they can help you prepare future tax returns. You’ll need them if you have to amend a prior year tax return. You often need them when you apply for a loan to buy a home or to start a business.

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$15 000 Could Be Yours If You Fix This Evil Airport Affliction

$15 000 Could Be Yours If You Fix This Evil Airport Affliction

Taxes

Are you ready to take this cash home? Calling all brains: The TSA is looking for someone to help them figure out this major airport headache -- and is willing to pay for the solution.

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