Clients, with unreported income, may subject tax preparers to criminal penalties, fines, costs of prosecution and up to 10 years imprisonment (2 felonies, 2 mis...

Congress recently passed the Economic Stimulus Act of 2008. It's designed to inject $152 billion into the U.S economy. What does this mean to you? If you own a ...

With deadlines and penalties hanging over our heads, tax return preparation is indeed a scary thought. Governments impose penalties for late filing of tax retur...

Having the right team of advisors is critical to achieving your financial goals faster than you ever thought possible. For most people, taxes are the single big...

Tax preparation, defined simply, is the act of preparing and filing of tax returns for individuals and Corporations with State and Federal Government. Pertinent...

Many small companies have paid corporation tax at the 19% rate of corporation tax, and have then extracted profits using a combination of a small salary to cove...

Money in the bank...It is tax season and you're licking your lips at the prospect of what you're going to use your tax refund on. You filed your taxes as soon a...

For many truck drivers this time of year can really place an undue burden on your financial well being. But it doesn't have to be that way. You can fight back. ...

Starting next year, casinos and other sponsors of poker tournaments will have to report winning to the internal Revenue Service. The new requirement, which goes...

Your credit score will plummet! When the IRS puts a federal tax lien on your credit your borrowing ability is completely shot. You have no chance of getting a l...

Hard working... Teachers are one of the most overworked and underpaid professions. As far as IRS tax debt is concerned it's rare for a teacher to end up with a ...

What if I don't have kids? When most of you think of Earned Income Credit as a way to get back money on your IRS tax return, you generally think of claiming kid...

Foreclosure Relief The federal government finally did something over the past year to help the thousands of taxpayers getting hit with huge tax bills after loos...

I'm currently in Bankruptcy and I also owe a debt to the IRS. I just did my taxes and am entitled to a refund. Do I get my refund? No you can't get your refund....

Property taxes Of course, you will have to pay real estate taxes on any real estate that you or your business owns. Also, many commercial and industrial leases ...

What can you do to improve your business tax situation before the year ends? Determine Your Business Profit or Loss Bring your accounting up-to-date. Know where...

I see that I paid some foreign taxes on dividends. Can I get a tax break because I already paid those taxes? In an increasingly global economy, chances are that...

This is an increasingly common question among young singles and other unmarried individuals who choose to share a house or apartment. Unfortunately, renter's in...

It feels great to get a raise or bonus; but, you still have to pay the tax man. Here's how to do it without spoiling all the fun. Good news: Your employer likes...

Homeowners could save thousands of dollars on mortgage interest payments if they give up a big incentive: the right to refinance. That is the conclusion reached...

The listing agreement is a contract between the seller and the listing broker. It sets out the conditions of the listing. While the details of the agreement sho...

Many families with kids are getting some welcome, though temporary, tax relief with an increase in the Child Tax Credit (see footnote). The child tax credit is ...