 Category :: Taxes Articles |
Author :: Charles Stone  |
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| Article Title :: Galveston, Oy Galveston |
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| Such kvetching and wailing about the Social Security System. The Democrats are insisting that the Bush plan is racist, sexist, ageist, fiscally irresponsible, and a repudiation of the great Leftist icon, Franklin D. Roosevelt. The Republicans are sure they're not any of those things but they are so cowardly that they will not fight to make the changes.There are all sorts of ephemeral reasons cited by the GOPers in defense of such things as partial privatization but there are few actual facts that seem to make the argument.One of the greatest examples of how well a privatized system would work exists and would make powerful rhetoric in the argument but for some reason, nobody (read full article) |
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| Category :: Taxes Articles |
Author :: Charles Stone |
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| Article Title :: The Tax Man Goeth |
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| “That the power to tax involves the power to destroy … [is] not to be denied”Chief Justice John Marshall (McCulloch v. Maryland. 1819)Think of it. April 15th just another date on the calendar, a happy payday for some. The voluminous buildings now occupied by the Internal Revwnue Service converted to low income housing. And best of all, tens of thousands of hack news-losers forced to actually look for news to cover during the previous week.Impossible, you say? Not something that could ever come to pass? Don't bet on it!Some powerful forces are arraying themselves behind a plan that would do all of the above and more. A national retail sales t (read full article) |
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| Category :: Taxes Articles |
Author :: Vincent Murphy - |
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| Article Title :: Home Business Tax Deductions |
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| Dreading April?
If you are running a home business, it is important to remember that there are tax deductions for you when tax season rolls around. Of course, you do not want to try to fool the IRS (no one wants to run the risk of being audited!), but you do want to take advantage of those deductions that are rightfully yours. Running your own home business takes much of the same expenses, effort, time, space, equipment, and travel as any other business. Below are some home business tax deductions to remember as April is drawing near.
If you have a home office that is dedicated solely to your home business, you can add it to your list of home business deductions. Th (read full article) |
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| Category :: Taxes Articles |
Author :: Don Kransteuber |
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| Article Title :: How To Prepare Your Income Tax Return |
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| The first step in your income tax preparation is to work out your total income. A person’s total income includes many kinds of receipts such as wages, interest, alimony, lottery winnings and many more. It is important to gather all of the appropriate information for any money you have received during the appropriate tax year before you start your income tax preparation. Be extremely thorough in this aspect of your income tax preparation because the financial penalties for not including all forms of income can be severe.The second step in your income tax preparation process is calculating the amount of deductions that you can apply to your total income. There are two basic categor (read full article) |
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| Category :: Taxes Articles |
Author :: Don Kransteuber |
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| Article Title :: Find the Right Service to Prepare Your Taxes |
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| It is possible to save money on your tax preparation fees by doing some advance preparation of your own. Make sure that you organize your paperwork and receipts to save time and ensure nothing is missed. It is still important to review your tax return carefully before you file it, even if you have used a tax preparation specialist. Firstly, it is worth deciding if you really do need a tax preparation service or if you could benefit just as much from a tax software program. Tax preparation specialists can be expensive to use if you only have a basic tax return with no special circumstances. Tax software can give you the help you need in this case for a lot less money. Most people don’t l (read full article) |
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| Category :: Taxes Articles |
Author :: Robert D. Flach |
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| Article Title :: Year-End Tax Planning |
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| While the average taxpayer will avoid thinking about income taxes until the approach of the April deadline forces him to do so, once the ball drops on One Times Square at midnight on December 31st and the New Year is rung in there is very little that can be done to cut your tax bill.However, during the last two months of the year you can do a great deal to reduce your tax liability.Sit down with paper and pencil and list your anticipated income for 2005 and all your allowable deductions to date. What you want to do is, using your 2004 return as a guide, prepare a projected 2005 return. Once this is done you can decide what steps to take to make sure you pay the absolute le (read full article) |
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| Category :: Taxes Articles |
Author :: Mansi Aggarwal |
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| Article Title :: Trust Funds Guide |
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| A Trust is perhaps the best channel to keep your money and other assets safe and secure for your future generations. It is a lawful creation that isolates your money for specific reasons.A trust is beneficial even when the grantor is alive and after his death. A grantor, settler or donor is the person who is responsible for settling the trust. Trust funds can be set up by single or a group of individuals. There are always some reasons behind forming a trust. These reasons vary from persons to persons. Besides the grantor, there is or are trustees. These trustees are appointed by the grantor and they take care that the trust is functioning according to the will or wish of the granto (read full article) |
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| Category :: Taxes Articles |
Author :: Sergio Haros |
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| Article Title :: Tax Reform - Limit of Mortgage Tax Deduction |
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| A committee appointed by President Bush has come up with an alarming recommendation. They want to limit the tax deduction for mortgage interest!ReformFollowing his re-election, President Bush set up an aggressive agenda in which he hoped to reform social security and the tax code amongst other things. As with many things in the political world, this sounded easier done than it really was. With social security, political forces have forced the President to pull back from private accounts. With tax reform, a similar political and practical mistake is being made.Limited DeductionThe bipartisan tax reform committee appointed by President Bush is making a mess of th (read full article) |
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| Category :: Taxes Articles |
Author :: Barry Smith |
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| Article Title :: Removing IRS Liens And Levies |
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| I want to tell the story about how I came up with what has proven to be a viable process to remove IRS liens and levies.I discovered what amounts to a needle in a haystack. I found somebody in the IRS that is motivated to take some action on your behalf. You can send your legal argument to this person respecting why the IRS should remove your lien or levy and he will do something more with it than just put it in the file like some administrative assistant.In about 1990 the Creator of the universe instructed me to get a computer and learn how to use it and start studying law full time. I estimate for 10 years I studied law about 40 hours a week. I also attended a weekly law (read full article) |
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| Category :: Taxes Articles |
Author :: Robert D. Flach |
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| Article Title :: Ask the Tax Pro: IRA Basics |
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| QUESTION:I got to thinking about IRAs. I think this is how it works-Traditional IRA contributions are from dollars not taxed. Distributions from this type IRA are then taxed upon withdrawal.ROTH IRA contributions are from dollars taxed during the year you make the contribution. Distributions from this type of IRA are not taxed upon withdrawal.Am I correct?ANSWER:Part I - Traditional IRAContributions to a "traditional" IRA are either deductible or non-deductible. If you are an active participant in an employer-sponsored pension plan, such as a 401(k), a 403(b) or a SEP, the amount of your traditional IRA contribution that is deductible i (read full article) |
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