What's new at Tax LifelineHybrid Vehicle Owners May get a $2,000 Income Tax Deduction
There are many reasons to by a hybrid vehicle --- but the deal gets even better with an income tax deduction!... (read more)
Preparation and execution of my income tax return
April 15th is the time of the year when Americans can communicate with their government... (read more)
About Income Taxes; Tidbits
1812The first attempt to impose an income tax on America occurred during the War of 1812. After more than two years of war, the federal government owed an unbelievable $100 million of debt... (read more)
Connecticut Does Not Need Further Income Tax Hikes!
Industrial Recruiting. The absence of a state income tax in Tennessee was cited by Nissan Corporation as one of the quality of life factors it considered for its workers when it decided to build a large plant in Smyrna, Tennessee, to produce the Nissan... (read more)
To Tax or Not to Tax This is the Question
To Tax or Not to Tax - This is the Question by: Sam Vaknin, Ph. D. To tax or not to tax - this question could have never been asked twenty years ago. Historically, income tax is a novel invention... (read more)
To Tax or Not to Tax - This is the Question
To tax or not to tax - this question could have never been asked twenty years ago.Historically, income tax is a novel invention. Still, it became so widespread and so socially accepted that no one dared challenge it seriously... (read more)
Take Control of Your Taxes
As everyone in the U.S. knows, we have just passed one of our most "favorite" times of the year: income tax season. If you are going to create and sustain wealth, it is inevitable that you will have to address your personal tax situation... (read more)
The Top 5 Reasons to Buy a Home
1. Save on your income tax.Yes, something good can come out of income tax. Due to income tax deductions, the government subsidizes your home purchase... (read more)
State Tax Information
All states also have their own tax system. Typically there is a tax on real estate, and there may be additional income taxes, sales taxes, and excise taxes... (read more)
Reducing Taxes Through Dividend-Salary Mix Calculations
Should I take wages or dividends from my privately owned corporation? What is the best way of taking money out of my company? In other words, what will result in the least amount of income taxes?A Canadian accountant will perform a dividend-salary mix... (read more)
Have a Good Day at 1040-A!
Being your own boss definitely has its perks, but don't think that you're immune from Mister Taxman! Whether working for yourself or someone else, filing your income tax is one of the two things definite in Life... (read more)
Send Your Kids To Summer Camp and Write It Off
If you paid someone to care for a child so you could work, you may be able claim a tax credit for child and dependent care expenses on your federal income tax return... (read more)
Is Selling On eBay Just A Hobby Or A Real Business?
Q: I made extra money selling things on eBay last year. These were items I picked up at yardsales mostly. My husband says I am responsible for paying income tax on the money I made, but I disagree. This is just my hobby, not a business... (read more)
Hate That Chore? Change Your Mind
March (and April) bring income tax season. For most people, the entire process is a nasty chore, from gathering the information to filling out the forms, to paying the taxes... (read more)
Home Based Business: Your Ultimate Tax Shelter
Starting and operating your own home based business is the ultimate tax shelter.Although this article has been written from a Canadian income tax perspective, the principles should be practical in other tax jurisdictions.1... (read more)
Some Folks Pay A Lot Less Tax Than Others On Very Same Income?id You Pay Too Much Tax In 2004?
Someone once remarked,? ext to being shot at and missed, nothing is quite so satisfying as an income tax refund.?There? no question that saving money in taxes is high on everybody? list of financial priorities, especially small-business owners... (read more)
Home Based Business Taxes - Where to Find Answers
April 15th looms for most people when filing their income taxes, but doing your home based business taxes can change everything and be very overwhelming... (read more)
Are You An Innocent Victim of These Popular Myths?
Misconceptions, misinterpretations and just plain? ntruths?are floating about income taxes. Believing them could be costing thousands of tax dollars!Myth: A Professional Tax Preparer knows all there is to know about taxes so you don't have to know... (read more)
Want to Loosen Uncle Sams Grip on Your Wallet?
Talking About Money With Jim Larranaga (ARA) - The average person pays more than $6,000 in federal income tax, according to the Congressional Budget Office... (read more)
Knock-Knock-Knock
Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax for the self-employed is not far off... (read more)
Render Unto Caesar
Once a year Canadian taxpayers are required, by law, to file an income tax return in the prescribed form: $150(1)... (read more)
Do You Pay Taxes On eBay Income?
Q: I read your last column about paying income tax on eBay sales if you are doing it as a business, but as someone who only sells on eBay occasionally I'm still confused if the IRS rules apply to me. Can you tell me more? -- Norman L... (read more)
What the Tax Software Companies Dont Want You to Know
Haven? done your taxes yet? No problem. Now there is a new way you can use top tax software programs, like TurboTax and H&R Block, to get your taxes done quickly and easily. And the best part is it won? cost you a thing... (read more)
Monaco Might Lose Its Status of Personal Income Tax Haven
That Monaco is crowded with celebrities is no piece of news. Since 1869, when the personal income tax policy became favorable, Monaco attracted very many individuals with high net income, such as movie stars, sporting stars etc... (read more)
Taxing eBay Part Deux
When my column on paying income tax on eBay profits ran it brought a wave of emails on whether you were required to report income earned from eBay sales to the IRS sparked a number of additional questions and comments from eBay sellers who were hoping... (read more)
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