Newest Articles:

What are Tax Brackets?

Author: Grant
Date Submitted: Feb 6, 2012 - 5:39:27 AM

Tax brackets are divisions in the rate of tax payable based on an individual’s income. For instance the person with low income is able to pay less tax than the one whose income is much higher.

... [Read the full story] - [Printer Friendly Page]

Texas Business Personal Property Rendition and Taxation

Author: Patrick O Connor
Date Submitted: Feb 1, 2012 - 12:04:50 AM

The Texas Property Tax Code for many years had required owners of business personal property (BPP) to annually render those assets used in a business. Rendering is summarizing to the central appraisal district the ownership and value of the assets. ... [Read the full story] - [Printer Friendly Page]

Tax Reductions and the IRS Position on Cost Segregation

Author: Patrick O Connor
Date Submitted: Sep 7, 2011 - 8:05:56 AM

Tax reductions and tax deductions are a common benefit of cost segregation. When real estate investors and tax practitioners learn about the income tax deductions and tax reductions resulting from cost segregation they are sometimes skeptical;... [Read the full story] - [Printer Friendly Page]

Obtaining Pension Tax Relief

Author: stelen
Date Submitted: Mar 26, 2011 - 11:50:52 AM

A tax relief either reduces tax bill or increases pension fund. There is plenty of tax and financial vehicles made in the United States where one can invest his pension. Some are tax deductible, like the traditional IRA and some not, like the Roth IRA. ... [Read the full story] - [Printer Friendly Page]

Using the income tax refund calculator

Author: Gabriel Robert
Date Submitted: Mar 7, 2011 - 9:52:17 AM

Calculating income tax for Canadians has been made easier with the advent of the Canada income tax calculator. These are software that can be used by taxpayers in Canada to calculate the taxes that they are required to pay by the Canadian Revenue Agency (CRA).... [Read the full story] - [Printer Friendly Page]

Self-Employed Individuals

Author: Sandi Lattin
Date Submitted: Jan 31, 2011 - 9:16:13 AM

Who is Self-Employed?
Generally, you are self-employed if any of the following apply to you.... [Read the full story] - [Printer Friendly Page]

Car Donation Tax Deduction Tips

Author: Charles Browning
Date Submitted: Jan 29, 2011 - 11:56:45 AM

A car donation tax deduction can be yours while doing something good for your community. But don't just donate your old car or truck to any charity; bogus car donation charities are everywhere. Here's how to check them out quickly and easily.... [Read the full story] - [Printer Friendly Page]

New Reporting For Securities Sales

Author: Sawyer Adams
Date Submitted: Jan 9, 2011 - 2:32:12 PM

Starting in January 2011, brokerage firms must begin tracking the cost basis and holding period of sold securities. This information will then appear on every Form 1099 along with sale proceeds that is issued for the 2011 tax year.... [Read the full story] - [Printer Friendly Page]

Navigating Miscellaneous Itemized Deductions

Author: Sawyer Adams
Date Submitted: Jan 9, 2011 - 2:22:00 PM

Taxpayers who itemize deductions are entitled to some commonly overlooked miscellaneous deductions. Most types of miscellaneous deductions are only tax-deductible to the extent their total exceeds 2 percent of adjusted gross income. However, some expenses are not subject to this limitation.... [Read the full story] - [Printer Friendly Page]

IRS Standards For Mileage Expense Deduction

Author: Sawyer Adams
Date Submitted: Jan 9, 2011 - 2:12:07 PM

Employers are entitled to tax deductions for mileage reimbursements to employees. However, the types of records maintained affect tax reporting by the employer as well as the tax impact on the employee.... [Read the full story] - [Printer Friendly Page]

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