Supercharge Your 401k Plan

Adding a cash balance plan to your 401k could allow much larger tax deductible contributions.

Charitable Donation Tax Deduction - How Can I Give And Get At The Same Time?

A charitable tax deduction seems like a pretty straightforward proposition. It can definitely lend itself to a pretty good size deduction if you carefully itemize your deductions. Find out more...

Donate Car For Tax Deduction - The Rules

You want to donate your car and take advantage of the car to donate for tax deduction, but it seems really confusing trying to figure out this deduction. Don't worry you aren't alone. Find out more...

Automobile Tax Deduction - Am I Eligible?

Automobile tax deduction, what exactly is this and what kinds of automobiles will qualify you for it. Under federal law in the United States there are two ways to qualify for it. Find out more...

Farmland Assessment Program in New Jersey - The Story Of One Farm

This is a story about one farm in New Jersey and how developmental pressure caused property taxes to increase to the point where the farm had to be sold. It is also the story of how legislators in Trenton, with the swift adoption of the farmland assessment program, responded to the angry overtaxed farmers who buttonholed them. It also examines the provisions of the current three year rollback tax provisions contained in the farmland assessment program and how the value of that rollback tax has been eroded over time.

How Can I Claim A Home Business Tax Deduction?

Working from home or starting a business from home can be a huge task to undertake, but if you know how to take advantage of things such as the home-based enterprise tax deduction, it may be a worthwhile endeavor. There are many different ways to qualify under the provisions of the home business tax deduction. Let's take a look at a few. Find out more...

IRS Fast Track Settlement Program For Businesses

The tax code is insanely complex. If you are a business having a dispute with the IRS, the fast track settlement program may present you with an option for resolving it quickly.

Enrolled IRS Agents vs Unenrolled Practitioners: What Is the Difference?

The difference between an Enrolled Agent (EA) and an Unenrolled Practitioners is about $150.00 per hour with strict limitations on the part of the Unenrolled practitioners

What Does It Mean When IRS Assesses You for Certain Tax Years and Who Can Help You?

IRS is driven by Forms; the correct form filled out correctly will change your status with IRS within moments. Most competent Tax Practitioners know and understand this. Sometimes it is only a matter of providing additional information to IRS or amending the tax return

Retention of Tax Records - Keep or Toss

The importance of safely retaining financial records. If you have ever applied for a loan or been through a tax examination, you also know the need to have adequate records. But what are adequate records and how long do you need to keep them?

Not all CPAs and Attorneys Are Knowledgeable on Capital Gains Tax Issues

Does your CPA, Attorney, Financial Advisor or Realtor understand how to help you with your Capital Gains Tax Problem? Many have no idea, but are reluctant to tell you so.

Start a Home Business for Tax Purposes

If you use a part of your home for business, you may qualify to deduct costs related to your home office, including rent, heat, electric, telephone, insurance, utilities, maintenance, repairs and so-on.

California Enterprise Zone Tax Credits Have Saved Businesses Millions

Not claiming the California Enterprise Zone Tax Credits can be one of the most costly mistakes they ever make. The program can generate state tax credits for the business of up to $10,000 per qualified employee per year.

Raising Taxes Hurts Individuals and the Consumer

It is a known fact that high taxes in any nation hurt the individual and this is because the government is inefficient compared to businesses in the things that they do and when they tax us, the money they spend is not well spent. If on the other hand taxes are low and the individuals and consumers have more money to spend they are much better with their money and much more efficient.

Keep Taxes Low and Continue Economic Vitality

Businesses are efficient because that efficiency means more profit. More profit in a business means that there is more money to invest in the company and more money to pay employees. More employees making more money means that more people are paying into the system and that increases the tax rolls for the United States government.