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Taxing Times

    Do You Live in Fear of an IRS Audit?

    5 Red Flags to Avoid on Your Tax Return

    By: Rick Rodgers, CFP

    It is no secret that one of the biggest fears people have is receiving an audit notice from the IRS. It ranks right up there with being diagnosed with a life-threatening illness. Of course, the IRS does nothing to alleviate this fear because the more frightened you are, the less likely you will be to cheat on your taxes.

    Here are five ways to help you stay off the audit list.

    The Uncle Sam Savings Plan

    Why Taxes Are Your Biggest Expense and How to Get Them Under Control

    By John Vento

    Taxes — federal and state income taxes, social security taxes, payroll taxes, sales taxes, and property taxes — can make up more than 50 percent of your overall expenditures. If you want to change your taxes from your biggest expense to your biggest saving opportunity, take a look at a few tips.

    Why You Shouldn't Go Cheap When Filing Taxes

    Financial Expert Explains Why You Should Hire A Good CPA & Not Part-time Help; Offers Tips

    It’s that time of year for part-time help at the local tax-preparation location, when drivers can see seasonal staff standing at busy intersections wearing costumes of the Statue of Liberty or Uncle Sam.

    Gary Marriage offers tips as to why you should hire a skilled CPA instead of trusting in pop-up tax firms this tax season.

    Find Your Zen during Tax Season

    By Jennifer Hutchison, Expert Content Specialist

    Running a small or home-based business can be extremely rewarding, but it’s about more than just making sure that deadlines are met and that enough products are sold. Sometimes the little things, like staying organized and up-to-date for the tax season, can get overlooked.

    What to Do with Your Tax Refund

    By Donna M. Phelan, MBA

    Donna M. Phelan has spent more than 18 years at some of Wall Street’s largest and most prestigious investment firms. The author of Women, Money and Prosperity: A Sister's Perspective on How to Retire Well, Phelan offers nine tips on how to utilize your tax refund.

    Eight Great Tax Tips for Home Businesses

    By Bernard B. Kamoroff, C.P.A.

    As far as the IRS is concerned, a home business is no different than any other business. But there is a difference: not only can freelancers deduct the business expenses that every business is entitled to, they can turn personal, non-deductible expenses into tax-deductible business expenses—if they are careful to follow the rules.

    Check out eight great tax tips excerpted from the book Write It Off! Deduct It! by Bernard B. Kamoroff. 

    5 Tax-Saving Strategies To Help Your Family This Tax Season

    Overlooked Deductions May Cost You Thousands 

    By Reid Abedeen, Expert Investment Advisor

    Millions of Americans face a challenge in meeting their budgets every month – not just financially, but also in their time budgets. “Knowledge is power and time is often money, but what if you don’t have the time to empower yourself with knowledge? For many households, that often means losing out on thousands of dollars through tax deductions."

    Abedeen offers the following strategies that may be relevant for your family this tax season.

     

     

    Seven Tax Saving Strategies for Small and Home-Based Businesses, Start-Ups, and Solopreneurs

    By Meisa Bonelli

    The following are lucrative tax strategies that can help you realize tremendous tax advantages and profitable tax planning all year through.
     

    5 Common Causes of Prevalent Tax Mistakes

    Keep More of the Money Your Business Earns

    If you want a better tax strategy for the future, chances are you could be doing a better job throughout the year to save on income taxes. The following are mistakes that many taxpayers are liable to make now and in future years.

    10 Tax Tips for Your Online Business

    The information provided in this article is based on general online research so be sure to check out all new tax laws and/or consult a professional.

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