Taxes

Automobile Tax Deduction - Am I Eligible?
Automobile tax deduction, what exactly is this and what kinds of automobiles will qualify you for it. Under federal law in the United States there are two ways to qualify for it. Read more →
Avoid Paying Capital Gains Until The Ripe Old Age of 70
How, you might ask, can I avoid paying capital gains taxes until the ripe old age of 70? Well, this tool, which has been around since the 1950?s, is shockingly unknown to the vast majority of Americans. Read more →
Avoid the Tax on Capital Gains by Donating the Property to a Charity
A taxpayer can avoid the tax on long-term capital gains by donating the property to a recognized charity. If the sale of the property would result in a long-term capital gain, but the taxpayer donates the property to charity, the taxpayer avoids the tax on the long-term capital gain and also receives a charitable contribution deduction equal to the fair market value of the property at the time of the donation. Read more →
Avoiding "Hobby Loss" or "Not-for-Profit" Classification
IntroductionThis article provides guidance to those concerned that their profit motivated trade or business activities remain deductible, particularly in those cases where losses have been generated in the past and/or are expected to continue to be generated in the future. Read more →
Avoiding the AMT Trap
More and more taxpayers are finding a hidden tax on their individual tax returns. This tax was originally designed to not allow taxpayer in the higher income brackets take advantage of tax driven policy like deducting: A lot of itemized deductions High local and state tax deductions Child exemptions A Mortgage deduction Just to give you a sense of who might get caught. Read more →
Back Taxes, You Forgot to File, Now What?
Problem? Yes and No. No because you can file ASAP. Yes, because penalties and interest can be fairly steep. (Generally, interest is charged on any unpaid tax from the due date of the return until the date of payment. Read more →
Back To School - Educators Deduct School Expenses
As teachers and students head back to school following a glorious summer, it?s time to remind teachers to organize 2004 school expenses. Under a temporary tax code change, teachers can deduct certain school-related expenses from adjusted gross income. Read more →
Battling the IRS
There was once a song about battling the law and losing. Fortunately, battling the IRS is possible and sometimes inevitable.Battling the IRSThere comes a time when many Americans must take action against the IRS. Read more →
Be Cautious With Home-office Deductions
Home office deductions make many people nervous. Thought to be a red flag to the IRS for an audit, many taxpayers simply don't bother with the deduction. Read more →
Belize Offshore Company Taxation
When it comes to the taxation of an offshore company incorporated in Belize there is really only one thing to know and that is an offshore IBC is exempt from all taxes and stamp duty! Read more →

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Albert Einstein


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