Tax Form Options

What tax form or forms did you use this year? Maybe you used the 1040EZ, or maybe you needed the 1099-MISC, but nearly everyone in the U.S. will use some kind of tax form every year. Do you simply have your tax advisor or accountant fill out all of the forms with you, with your role limited to signing and dating on the line?

The Dirty Little Secret About Roth-IRA Conversions- Why They Usually Don't Make Sense

My multimillionaire client Bill called me the other day. He wanted to talk about congress recently loosening the rules about who can convert regular IRA accounts to Roth-IRA accounts.

Legally Avoid Out of State Use Taxes

Selling out of state? Not sure what you should be doing about sales and use tax? Read on entrepreneur.

The Advantage of Tax Software and How to Get It

Tax is most often the bane of all profits. There are those who forget to pay their taxes and suddenly find themselves prosecuted. Tax has a way of creeping up on you. However, we all need to pay taxes, do we not? Tax is just one of those little irritations that we all must learn to live with.

The Evolving Role of Accountants

With products like Turbo Tax improving, many wonder where this leaves accountants. Ironically, the evolving role of accountants is helping people save on their taxes.

IRS Simplifies Reporting Requirements for Corps and Shareholders

The IRS is heavily promoting electronic filing options. This promotion has run into problems with corporations because of complex regulations. The IRS is now moving to correct this problem.

The IRS Cancels Status of Many Credit Counseling Services

The IRS has canceled the tax-exempt status of some of the nation's largest educational credit counseling services after determining that they prey on debt-ridden customers.

Tax Planning for Individuals Not Domiciled in the UK

Individuals who reside in the UK, but were born elsewhere and have foreign parents, or who may be thinking of moving to the UK, may not be subject to the full range of UK taxes. This paper is intended to provide a general overview of the rules that apply to non-domiciled persons. It should however not be taken as tax advice and reference should be made to a competent professional before setting up any structure referred to.

Wise Tax Ideas

Tax troubles can actually be avoided by early and proper preparation with keen attention to details.

Use Your House as a Tax Shelter

A good tax shelter is hard to come by, but the perfect shelter may be right in front of your eyes, most people do not realize that that the government allows us to use our homes as a way of collecting a tax deductions, credits, and benefits.

Advantages And Disadvantages Of Using Tax Software

Each year millions of Americans have their taxes prepared by a professional tax preparer. Having tax returned professionally prepared reduces the likelihood of errors being reported on a tax return; ...

IRS Audit: What to Watch Out For; The Self-Employed Are in the Bullseye

According to latest reports, the Internal Revenue Service, or IRS, is increasing the total number of income tax returns selected for audit. But it isn't as bad as it sounds, because the audit rate has actually gone down.

Are You Running to the Post Office Right Now? - Tips for All You Last Minute Tax Filers on April 15

The preparation that goes into filing taxes becomes more ardent as April 15 comes closer. According to the Internal Revenue Services (IRS), the last day for ...

How To Minimize Your Taxes On Wealth

Taxes on wealth or simply wealth tax is the tax levied on the value of wealth owned by a person. As the term ‘wealth’ carries with it a broader meaning, generally capital transfer taxes (which includ...

Understanding Your Florida 2005 Property Tax Bill

Real Estate and Tangible Personal Property Tax Bills May Now Be Paid at a Discount Taxes paid--i.e., received by the Tax Collector--during November are subject to a 4% discount; December are subject...