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Taxing Times

    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.

    How to Reduce the Biggest Expense of Your Life: Taxes

    Advice on Troubleshooting the Tax System

    The following are some of the most expensive and common tax hurdles affecting Americans and offers advice on troubleshooting our tax system.

    How Your IRA Can Become Your Tax Nightmare

    By Gary Marriage, Jr.

    Millions of Americans have put away money into their Individual Retirement Accounts (IRAs) throughout their professional lives, which the government encourages with tax-deferred growth throughout the working years, allowing employees to accumulate more money faster — but there’s a catch. 

    Taxing Times

    Teaching Kids About Managing Their Money

    By Cary Siegel

    The following are every dad’s three “must teach” principles in personal money management.

    Why You Should Not Fear an IRS Audit

    The Fear of the Unknown Will Play a Huge Role in How You React

    Stay calm. There are a variety of reasons why your returns might be reviewed.

    You think you’ve done everything right, submitted your tax returns on time, worked closely with your accountant, and kept track of your expenses all year, and then suddenly, you find yourself in receipt of a notice from the Internal Revenue Service (IRS) or State Taxing Authority… Something is wrong. Your tax return is being reviewed. First thing you must do is stay calm.

    Use Tax Season to Organize for the Future

    Financial planner Rick Rodgers, author of The New Three-Legged Stool: A Tax Efficient Approach To Retirement Planning (www.TheNewThreeLeggedStool.com), says tax time is a great time to get organized. He suggests these five steps to help you effectively organize your finances

    Organize your finances with five steps.

     

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