If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Deducting mileage for your commute is not allowed by the IRS unless you know a few commuting mileage tax deduction tricks. The IRS mileage allowance can include virtually all your commuting mileage expense, allowing you to take a mileage tax [...]
Riding on the coattails of TurboTax’s Free Tax Question gimmick, the Virginia society for Certified Public Accountants have decided to throw their own version of this same shindig.
Anyone who files federal or state tax returns in the Commonwealth of Virginia is offered free tax help and tax advice through the Tax Resource Center part of their website: [...]
First and most importantly before we lay out the basics of making a wise choice-one that will hopefully develop into a long term professional relationship; it is important to decide why you want a tax attorney. Truly, the myth of the safety net that tax attorneys provide is just that a myth. Having said that, [...]
The folks at TurboTax have started FreeTaxQuestion.com. Their ads say that after you submit your tax question there, a real person will call you and answer your question within 24-48 hours.
Here’s the question sent in by the filife blogger:
Should I file individually (as opposed to my parents claiming me as an exemption)? I’m under 24 [...]
If you own rental property, you should be aware of your tax deduction options. Knowing how to save money can help you to pay your mortgage and keep your income higher from your rental units. You can get different benefits and should know about the normal deductions that you can make from your properties.Here’s a [...]
CEDAR RAPIDS, IA–(Marketwire – January 24, 2008) – 2nd Story Software®, Inc., developers of TaxACT® and pioneers of totally free federal tax preparation software, announces the launch of its online store on Amazon.com for the 2007 tax season.
With the number of tax preparation software options available, consumers can become overwhelmed when trying to decide which [...]
Canada, like the US, has two tax systems – one for employees, and another one – for business owners. This is not what the CRA will tell you but the fact remains – employees are very limited in what they can write-off while businesses are entitled to a wide variety of legally deductible business expenses. [...]
Tax season is here. It’s time to dig out all your receipts, paperwork, documentation and cuddle up with your calculator.
It can be a real pain to figure out what you should, could, or can’t deduct. But, finding all your deductions can really add up to a big refund.
Experts have said many taxpayers forget to deduct [...]
The tax formula is fairly straightforward: your small business must pay taxes on what’s left of your revenues after you have deducted all your expenses. With that said, it would seem to make sense to claim the maximum allowable number and amount of deductions in order to reduce your tax liability. Luckily, the IRS gives [...]