Tax Tips

Tax Scam: Abuse of the Home Based Business

November 29, 2010

Small business owners who operate exclusively from their homes should be on the lookout for tax schemes aimed at home businesses. It is important to understand how to… Read More

Don’t Forget to Take Advantage of the American Opportunity Tax Credit

November 23, 2010

While many Americans remain unemployed, the federal government has extended further relief in the form of the Unemployment Compensation Extension Act Of 2010. The bill has extended unemployment… Read More

Tax Scam: Abuse of Charitable Deductions

November 9, 2010

Paying taxes is something that every American wish they did not have to do. For as long as taxes have existed taxpayers have been trying to find ways… Read More

Ever Hear of the Inflation Tax – Your Taxes Could be Raised Indirectly

October 26, 2010

There is little doubt that we are a country in trouble, despite the fact that the government may try to convince us otherwise. American consumers are finally waking… Read More

Commonly Asked Questions and Answers about the Federal Gift Tax

October 11, 2010

If you thought the IRS rules and regulations in general were complex and hard to follow, there is one particular IRS subject that a good majority of people… Read More

The 10 Best State Business Tax Climates by the Tax Foundation

October 4, 2010

About four times a year, the Tax Foundation publishes a paper to explore an economic issue explored by economists and scholars.  The foundation is a nonprofit organization for… Read More

Basic Guide for Taxes on Vacation Homes

September 15, 2010

Having a vacation home is an expense few families can afford.  Understand the various tax breaks and possibility of making your vacation home pay for itself by renting… Read More

September Tax Review: Factors to Look at to Maximize Deductions

September 8, 2010

Here we are, more than half way through the year (where does the time go?!) and the time has come for a September tax checkup.  If you're like… Read More

Be Cognizant of the Hobby Loss Rule in this Economy

September 1, 2010

Since the recession began, a number of new businesses started to supplement or substitute incomes during situations of job loss. It is important for these small businesses and… Read More

Guide to Keeping Financial Documents for Tax Purposes

August 25, 2010

Part of being a diligent taxpayer includes keeping proper documentation. One rule to good organization is keeping up with your tax related documents as soon as you are… Read More