Most of us consider doing taxes a necessary evil. It has to be done, but it's confusing and complicated, as well as time-consuming, and it's just easier to hand everything over to an accountant or tax preparer. But thanks to improved tax preparation software and the ease of filing online, it's becom

Electronically filing your tax returns means that you can get a refund much quicker if you are entitled to one. E-filing your tax returns meet the "Paperwork Reduction Act." Before you choose a tax-filing website, you should start at the IRS website to see if you qualify for free federal filing. Som

Lots of foolish people rail against the idea of a national retail sales tax. You know, like the FairTax.

Save Yourself from Unexpected Tax Debt by Being Knowledgeable of Tax Preparer Fraud. For numerous taxpayers, tax debt absolutely surprises them. They may have filed each and every year, maintained excellent files of costs and deductions, and been totally truthful regarding their earnings, however if

A successful investor completely aware of the fact that the key to constructing and maintaining wealth is to make certain that you are capitalizing on the profits that can be made with the money that ...

Tax season is not a favorite time of year for most people today. This is when they discover how much one owes to the government.

If your employer does not withhold state taxes from your paycheck, you can get a nasty shock come tax day if you are not prepared. Each state assesses an income tax based on its own needs, and these methods can vary widely from state to state. However, most states fall into one of two categories: th

The Foreign Earned Income Exclusion If you are one of the many US citizens working and living outside the US, you may have some apprehension about tax season. Living in a foreign country means that ...

If you have a child in your household who qualifies for the Child Tax Credit when you file your federal tax return, you can reduce your tax liability up to $1,000 for each child under 17 who meets the standards set forth by the Internal Revenue Service. To qualify for the credit, the child in your h

Closing on a home can be expensive -- including the various loan-related fees and points, inspections, insurance, interest, property taxes, and title search expenses, it can add up fast. However, the good news is that some of these items on the HUD-1 settlement statement are tax-deductible. It's i

Certain expenses related to looking for a job can be deducted from your taxes. However, you must meet specific qualifications to be able to deduct your job-hunting expenses. If you do meet the qualification requirements to take the tax deductions, you can include them even if you do not land the job

Many United States Expats and resident aliens receive income from foreign sources. If you are a U.S. Expat or resident alien, you must report income from all sources within and outside of the U.S

Advisors are constantly looking for a marketing edge to push them ahead of the competition. For many advisors that edge is right under their nose tax planning. Successful advisors focus on tax planning year around and heres whyin a recent CEG Worldwide survey, one of the services most requested by

It's tax time... Have you borrowed hard money? Have you lent private money? When lending and borrowing, are you mailing and/or receiving 1098′s or 1099′s? Do you know how to use them?

There are new Energy Tax Credits just waiting for you to claim! You may be able to claim a credit of up to $500 for making energy saving improvements to your home. The energy tax act that was passed in 2005 begins to take effect in the year 2006.

Your aggregate income is your total income, and the term generally refers to the full income of a couple filing a joint tax return. The income should include the gross, not net, wages. In addition, income from investments and other sources should be added in. If you have separate business interests

Arizona changed the way it calculates payroll withholding beginning in July 2010. Previously, it had been a percentage of your federal taxable income. As of July 2010, it is a percentage based on your gross taxable wages (the amount you see in box 1 of your W-2 form). The Arizona Department of Reven

Seniors are the most vulnerable segment of the American population. They live on fixed incomes while property taxes, prescription medicines, utilities and prices on basic goods have increased substantially. Additionally, many people over the age of 65 are no longer able to work. Fortunately, you can

The Internal Revenue Service uses specific rules and issues guidelines for general filing questions and instructions. To avoid incurring interest and associated penalty fees, taxpayers should review these guidelines for additional assistance. Using the following tax guidelines, taxpayers may gain a