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Find tax information about Tax Reduction Tips, State Tax Information, Business Tax Deductions, Tax free smokeless tobacco and much more to taxes.

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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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Tobacco Taxes Work, But Only If They're High
When smoking costs more, more people quit. That's why higher cigarette taxes are almost always good policy, for smokers and the public health, too. There's a catch, though -- and it's one that voters in four states should keep in mind as they consider ...
Why You Should Vote Yes on Amendment 72 to Raise Tobacco TaxesWestword
Vaping on the verge: Prop. 56 would tax it like tobaccoSan Francisco Chronicle

all 6 news articles »

Fox News

Democratic candidate for governor in West Virginia owes millions in taxes
Fox News
HINDMAN, Ky. – Jim Justice, a coal billionaire running for West Virginia governor, owes millions in back taxes to some of Appalachia's most impoverished counties, including one in Kentucky that is struggling to pay the debt on a new rec center and has ...

and more »

ABC News

West Virginia Candidate for Governor Owes Millions in Taxes
ABC News
Jim Justice, a coal billionaire running for West Virginia governor, owes millions in back taxes to some of Appalachia's most impoverished counties, including one in Kentucky that is struggling to pay the debt on a new rec center and has turned the ...

and more »

Higher property taxes in Missouri could result from ballot question, foes say
JEFFERSON CITY • Opponents of a proposed constitutional amendment prohibiting taxes from being collected on services say its passage could trigger sales and property tax increases throughout Missouri. The ballot initiative, known as Amendment 4, ...

and more »

Washington Post

The United States should fight against tax dodgers, not for them
Washington Post
Front and center in the presidential campaign is tax avoidance by very wealthy individuals such as Donald Trump and highly profitable corporations such as Apple. Use of unjustified tax loopholes by individuals and tax havens by multinational ...
Watch Out For The Coming Corporate Tax-Break TrickeryCommon Dreams (press release)

all 2 news articles »

West Virginia MetroNews

Tomblin believes next governor will have to raise taxes
West Virginia MetroNews
CHARLESTON, W.Va. — Gov. Earl Ray Tomblin says West Virginia's next governor will have to raise taxes. “My opinion is there is not enough money unless a governor wants to come in and cut complete departments or complete programs out,” Tomblin said ...

Kennebec Journal & Morning Sentinel

Taxes, energy costs, Medicaid expansion top issues in House 118 race
Kennebec Journal & Morning Sentinel
“The inability of the state to properly fund its portion of the ed budget puts a huge amount of pressure on property taxes for municipalities,” he said. “It comes at a time when municipalities are struggling immensely with property taxes with the ...

American Enterprise Institute

Time For a New Approach to Taxes and Inequality
American Enterprise Institute
In the final presidential debate last Wednesday night, both candidates echoed longstanding partisan talking points on tax policy. Donald Trump voiced the standard Republican theme of low taxes, stating, “We are going to cut taxes massively.” Hillary ...

and more »

East Bay Times

Editorial: Local marijuana taxes premature
East Bay Times
Three East Bay cities seek voter approval in the Nov. 8 election to tax marijuana businesses. Voters should reject Measure NN in San Leandro and Measure J in Pittsburg, which would impose 10 percent taxes on gross receipts, and Hayward's Measure EE, ...

3 Tips the Self-Employed Can Use to Lower Their Taxes
Being self-employed offers significant upsides and downsides. You may be more in control of your own schedule and not have an annoying boss hovering around, but you may also face steeper taxes, such as by having to pay the employer portion of the ...
5 Tax Deductions For Your FarmKTIC

all 1 news articles »

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