Most Americans do not realize that Uncle Sam’s piece of their hard-earned pie is so enormous. After all, the amount is divided into a number of small deductions: federal taxes,state taxes, county taxes, Medicare, social security, and so on. Each …Continue reading →
All year, you work like crazy only to have the tax man come and take what you have left. It’s not fair, you might think. Whoever said that life was fair? Utilizing Tax Deductions To Save Tax You have to …Continue reading →
If you operate your own home business, then you are probably aware that there a few drawbacks to being self-employed. Working for yourself often means that you lose many workplace benefits, such as group insurance, sick leave, paid vacations, etc. …Continue reading →
WHAT IF YOU LOST THE RECORDS TO BACK-UP YOUR TAX DEDUCTIONS – OR NEVER HAD THEM?
Auditors are notorious for saying, “No documentation? No deductions.” In fact, when a taxpayer loses a deduction in audit, the most frequent reason is that he or she did not have records to prove they qualified for it.
You may already know how wonderful it can be to work from home, but do you realize how many home based business tax advantages exist? Here in the United States, many people operate home based businesses just to take advantage …Continue reading →