Tax Evasion Penalties

If you are found guilty of tax evasion, a tax attorney can help you through the process. The penalties are severe, ranging from hefty fines to up to five years in prison.

Tax Tips for IT Consultants and Contractors

Making a living as an independent consultant or contractor? Consider these tax saving tips-you might save thousands annually.

Didn't File Anything With the IRS on April 15th?

The magic tax date of April 15th has passed. If you did not file a tax return or extension request, you need to consider the following.

Tax Credit Amount for Lexus GS 450 Hybrid Issued By IRS

Prior to January 1, 2006, you were restricted to claiming a $2,000 tax deduction if you purchased a hybrid car. Now you can claim a tax credit, which is much more valuable.

What IRS Requires for Your Home to Qualify as Your Principal Place of Business

There are complicated IRS rules that allow you to deduct expenses for the business use of your home. One rule allows you to deduct expenses if you use a portion of your home as a business office if you to meet the exclusive and the regular use tests. If your home does not meet the exclusive and regular use tests, another IRS rule may allow your home office to be your principal place of business.

Tax Tips for Real Estate Investors Using IRA Funds

You've seen the advertisements and news articles. IRA funds can be used to make real estate investments. But before you jump on this bandwagon, make sure you understand some of the tax planning angles related to this opportunity.

Why Each Home Owner Needs A Property Tax Doctor

Get $500 to $1,000 tax deduction or more annually on your property tax bill as a home owner. As a former New Jersey Property Tax Assessor I will share with you my secrets to get you the property tax assessment reduction you deserve no matter what State you live in.

Make Your Accountant Your Best Friend

Many people just assume their accountant will cut their taxes as much as possible. To get the biggest benefit from them, you need to be a bit more proactive.

The Purpose of Your Accountant

Many people are confused about the purpose of accountants given tax software and so on. To get the biggest benefit for the fees you pay, you need to understand what your accountant can do.

2 Gigantic Homeowner Tax Breaks

It is that time of the year again, when we scram for last minute completing and filing tax return. You will be happy to know that Internal Revenue Service (IRS) allows you to deduct the interest and discount points.

Moving To A New Location – Tax Information

In modern America, it is rare to find a person or family living in the same place for thirty years. Most of us move five or ten times, which means taxes become an issue.

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.

FAQ Mortgage Interest Tax Deduction

Mortgage Interest can be qualified as a Tax Deduction for the qualified home and mortgage. In fact, Mortgage Interest Tax Deduction remains a huge tax breaks for homeowners. Here are the common questions and answers.

Finding Assistance with Your Taxes

Organizing your taxes can get quite nerve-racking. This is the main reason why many people would find some assistance in preparing their taxes.

Republicans Push Forward With Repeal on Estate Tax

Republicans in the Senate are moving forward this week with efforts to repeal the estate tax.