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Small Businesses Filing Amended Federal Tax Returns to Recover Money

Small Businesses Filing Amended Federal Tax Returns to Recover Money By Darren Oliver April 15th may be gone but, but certainly not forgotten - especially if you, like millions of small businesses, unknowingly overpaid your federal taxes and can recover money by filing an amended return. According to the IRS tax code, you have three years from the filing date for the tax year in question to file an amended return.

Alas! In E-Commerce Taxland

In trying to comply with tax laws for your e-business, you may find yourself falling down the rabbit-hole, going through the looking glass, and attending a Mad Tea-Party.Common sense, logic, and fairness never did apply fully to the field of taxation but this is especially true of e-commerce transactions.
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Rearrange Your Affairs For Maximum Tax Savings

One way to maximize your business profits is by reducing your taxes. Frequently, income and other taxes could be lowered significantly if only the taxpayer were willing to plan ahead.

Organizing Your Taxes

Does this scene sound familiar? It's April 7. You haven't seen the top of your dining room table in two weeks because of the piles of paid bills, receipts, canceled checks, and unidentified cash register receipts covering it.

Seven Key Tax Deductions for the Self Employed

As a sole proprietor, it's wise to familiarize yourself with the some key deductions that may reduce your tax bill for 2004.Small-business consultants generally recommend that you hire an accountant to prepare your tax returns, payroll and financial statements.

How To Set Up A Tax-Saving Bookkeeping System

One of the most important, but least understood or appreciated aspects of any business is its bookkeeping or accounting system. And, because very few people know much about the reasons for a bookkeeping system, most people are frightened by the thought of the work involved in setting up such a system, and the drudgery of daily maintenance.


Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax for the self-employed is not far off. Network marketers who receive a form 1099 at the end of the year, and/or who are expected to owe $1,000 or more in taxes, must file a form 1040-ES Payment Voucher quarterly to avoid paying a penalty.

How to Reduce the Estate Tax Using the A-B Revocable Living Trust

In a past article I relayed the plight of the widow who stated:"I didn't realize what an A-B Revocable Living Trust meant and that it had to be divided between the survivor and the deceased spouse and that I am limited as to what I can use from his share."She told me that she only learned of this after her husband passed away.

Keeping Your Own Money - NOT Handing It Over To The Taxman

Most people trying to make a crust online (or offline for that matter) are so focused on doing just that, they ignore taking simple steps to ensure that they hang on to just as much of it as they can. Instead, they hand over large lumps of their hard-earned money in tax, usually in one of two mistaken beliefs.

Tax Reform, My Way

We need real tax reform and we need it now. Previous attempts have been made at tax reform, but they have only provided band-aid solutions that have still left us with too many quirks, complication, and read tape.

Surprising Truths About Tax Preparers

Choosing the right tax preparer for your business is a decision best not left until April. A former tax preparer and small business mastermind offers insights into the secret world of tax preparers.

Navigating The Internet Sales Tax Laws

QUESTION: I have been contacted by my local city government to say that my business is scheduled to be audited to determine if I owe any sales tax from items purchased on the Internet. Can they really make me pay this tax? I thought you could buy things online tax free? -- Katie R.

Home Based Business Tax Deductions

Running a home based business reaps many wonderful tax deductions that other businesses some times may not claim. Unfortunately to many small business owners end up paying the government taxes every year because they are unaware or several small business deductions that are available.

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TPM (blog)

Is This About Taxes?
TPM (blog)
On Friday The Guardian uncovered that Steve Bannon was registered to vote at a residence in Florida where he does not in fact live. In response to that story, Bannon moved his registration to the home of business associate and sometime Breitbart ...

and more »


The Transatlantic Squabble Over Apple's Taxes
The U.S. Treasury thinks it's bad enough that companies such as Apple park piles of cash overseas to avoid paying tax. What's worse is when foreign authorities change the rules that attracted the money in the first place, and tax those holdings for ...
EU probe 'to rule against' Ireland over Apple taxesIrish Independent
Adverse Ruling Against Apple Expected in European Tax ProbeMac Rumors
Brussels poised to strike down Apple 'state aid'Financial Times
Business Insider
all 28 news articles »

Motley Fool

Trump's Taxes Won't Go Away
Hillary Clinton, having been in the public eye for decades in and out of public office, recently released her 2015 tax returns along with previous years' full returns. Perhaps most surprising was that she paid an effective tax rate greater than 40 ...
What Will Donald Trump's (Revised) Tax Plan Mean to You?Motley Fool
Former IRS chief says Trump has no excuse to not release his tax returnsCNBC
Top House Republican Calls on Donald Trump to Release His Tax ReturnsAlterNet
MSNBC -ABC News -BuzzFeed News -CNBC
all 112 news articles »


Trump's False claim Hillary Clinton wants to raise taxes on African-American businesses 50 percent
"She wants to raise taxes on African-American owned businesses to as much as nearly 50 percent more than they're paying now," Trump said. Trump's campaign did not respond to our requests to show us how Clinton's tax targets black business owners with ...
It Would Be 'Foolish' For Donald Trump to Release Tax Returns, Son SaysTIME
Eric Trump: My father would be 'foolish' to release his tax returnsPolitico
Donald Trump's tax returns will stay secret, Eric Trump saysCrain's New York Business
BuzzFeed News -CNBC -CNBC
all 81 news articles »


Editorial: States taxes bubbling up
Republican Eagle
“Lots of people fret about how much they have to pay Uncle Sam, but he's not the only tax man you have to worry about: Your state can squeeze you for plenty of taxes, too.” So Kiplinger says by way of introducing the finance publication's annual list ...
Analysis: Hawaii one of least tax-friendly states in countryKHON2

all 3 news articles »

New York Times

More Evidence That Soda Taxes Cut Soda Drinking
New York Times
Researchers followed residents of several low-income communities in Berkeley, San Francisco and Oakland around the time that Berkeley voters passed the country's first big soda tax in 2014. The study found that, in the four months after the tax took ...
Berkeley's Soda Tax is Upper-Class War on PoorBreitbart News
Berkeley put a tiny tax on soda. Consumption plummeted by 21 percent.Vox
Berkeley sees a big drop in soda consumption after penny-per-ounce 'soda tax'Los Angeles Times
Business Insider -Wall Street Journal -SFGate -American Journal of Public Health
all 97 news articles »

Residents have to stick around if they pay property taxes in dollar bills, McHenry County treasurer says
Northwest Herald
Treasurer Glenda Miller announced a policy requiring people who pay their tax installments in large sums of cash to be physically present while the money is being counted. Miller said in a news release that the policy is for the protection of both the ...

Bend Bulletin

COIC wants authority to propose taxes
Bend Bulletin
To improve its service, the operator of a regional transit system is asking for authority to propose tax levies to voters. Central Oregon Intergovernmental Council operates Cascades East Transit, in addition to providing economic development ...

and more »

Summit County places two taxes on ballot
The Park Record
Last month, a subcommittee comprised of Summit County and Park City Council members and staff recommended that Summit County ask voters to support an additional mass transit tax and county option sales tax to fund transportation-related projects over ...

and more »

Haleys release tax returns for 2014 and 2015
COLUMBIA — The total income for Gov. Nikki Haley and her husband dropped last year, according to state and federal tax returns the couple released Friday. Haley, who has released tax returns in prior years following the practice of her predecessors, ...

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