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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-Knock


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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TAX NEWS



Wall Street Journal

Deal Set in New Jersey to Raise Gas Tax 23 Cents
Wall Street Journal
Republican Gov. Chris Christie reached a sweeping deal with Democratic legislative leaders on Friday that would boost gasoline taxes by 23 cents a gallon while cutting sales taxes and eventually eliminating the state's estate tax altogether. All the ...
New Jersey Will Increase Gas Tax 23¢, Ending Long Political StalemateNew York Times
Gas taxes in NJ would go up 23 centsAsbury Park Press
Deal to raise N.J. gas tax by 23 cents a gallonPhilly.com
NJ.com -New Jersey 101.5 FM Radio
all 52 news articles »


Fortune

Venture Capitalist Threatens To Quit If Taxes Are Raised
Fortune
It's been nearly a decade since I began writing about the taxation of carried interest, which is the cut of profits that venture capitalists, private equity pros and other types of money managers receive from successfully investing other people's money ...



Washington Post

Americans don't mind paying taxes. But they want Trump to, also.
Washington Post
Donald Trump handed Hillary Clinton a great political gift last week with his ill-advised interjection at their presidential debate. When she suggested that he didn't pay his federal income taxes, Trump replied, “That makes me smart.” With that ...
Keep the Tax Returns, Trump; Just Give Us a Few FiguresNew York Times
Editorial: Trump's tax history may disqualify himMilwaukee Journal Sentinel
Donald Trump 'Paid Nothing In Taxes': All The More Reason To Vote For HimThe Inquisitr
NBCNews.com -New York Post -CNN
all 421 news articles »


RealClearPolitics

now reading: Hillary's Red Army March of Tax-Hike Destruction
RealClearPolitics
You've got to hand it to Team Hillary Clinton. Its message discipline is awesome -- at least in terms of taxes. It reminds me of the orderly march of the Chinese Red Army on the way to battle. Here's the latest message: The George W. Bush tax cuts were ...
Georgia needs tax reformsNewnan Times-Herald
5 Tax Changes Donald Trump Is Fighting ForMotley Fool

all 6 news articles »


New York Post

Walgreens scuttles plan to move abroad for taxes
New York Post
Walgreens is getting hitched with a drugstore giant based in Switzerland — but it won't be moving to the Alps. The Chicago-based drug chain backed off a controversial plan to move its corporate address overseas in order to dodge US taxes as it agreed ...

and more »


U.S. News & World Report

Why You Should Start Thinking About Your Taxes Now
U.S. News & World Report
It may seem like the wrong time of year to be thinking about taxes. Fall has only just begun, and it will be months before the IRS begins accepting 2016 income tax returns. Yet, now may be the best time to begin a review of income and expenses. With ...



The Seattle Times

Sound Transit 3 taxes: How much you'll pay and for how long
The Seattle Times
The measure also would extend the transit taxes voters approved in 1996 and 2008, which would otherwise be reduced years sooner. A vote to approve ST3 would roughly double your taxes for Sound Transit, which covers urban areas in Snohomish, King ...

and more »


Massachusetts revenue shortfalls lead to talk of taxes, budget cuts
Boston.com
BOSTON (AP) — Could taxes be on the menu when the Massachusetts Legislature begins a new two-year session in January? As state revenues have fallen below estimates — making additional budget cuts possible — tax proposals that have been off the ...

and more »


Sun Sentinel

Broward property tax bills rising
Sun Sentinel
When tax bills arrive in November, most Broward County property owners will find themselves paying more to cities where they live. While each property owner's situation is unique, on the whole, owners in every city will pay more than last year ...

and more »


New York Times

Hillary Clinton's Mistake on Taxes
New York Times
First, a little history: For decades, Republicans owned the debate over taxes. They were the party that wanted to cut your taxes. Democrats, in the minds of many voters, wanted to raise taxes to pay for dubious programs. In 2008, then-Senator Barack ...
Donald Trump's defense of not paying taxes is remarkableWashington Post
Trump's tax plan could hike taxes on middle- and low-income familiesCNNMoney
The Strange Tale of Trump's TaxesThe Atlantic
CNBC -snopes.com -CNN
all 24,252 news articles »

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