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For many people, the tax deadline comes once a year. Everyone knows that individual tax returns need to be filed by the middle of April. What many taxpayers don’t realize, though, is that they are actually paying taxes quarterly. Read More

The Supreme Court ruled that the PPACA represents a tax and not a penalty. Understand the what this tax entails, how to avoid it, and what is involved. Read More

Find out what to do if someone has stolen your social security number and has filed a tax return with it. The IRS is aware of this scheme. Read More

The alternative minimum tax, or the AMT, was instituted as a way to ensure that those with high incomes, and who might take advantage of excessive deductions, pay at minimum, what they should owe. Read More

The great thing about business tax deductions is that you can add them up all year, whether you own a growing small business at an on-site location, or whether you have a home business. Don't think that running your legitimate business out of your home prevents you from taking the tax deductions th Read More

Small businesses are often considered the backbone of our economy. In order to help small businesses grow, the government often provides different tax credits. Here are two you might want to consider. Read More

A direct sales business has benefits beyond meeting new people and generating your own income. As a home-based company, your direct sales business also offers tax deductions that you could not normally take. Read More

The kind of business structure you choose will impact how your company is taxed, whether as an LLC, S or C corporation. Here is an in-depth look at the kinds allowable deductions possible with each. Read More

If you are looking for a little extra cash, you could try to make money from your hobby, or even start a side business. When tax time rolls around, though, it’s important to understand how the IRS views you. Read More

You might be asking yourself - What is the 1099-K tax form I received and what am I supposed to do with it? See what the 1099K is and why some people receive it.
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