Category Archives: Tax Law

After The Events In Boston And Texas, Charity Scams Are Common

Tax Act

Charity Scams Are Common

When you use TurboTax to file your taxes, you may notice that you can write off the money that you gave to charities. This is a good way to reduce your total tax bill or get a bigger return, and you get to help the victims of tragedies at the same time. However, the IRS has said that taxpayers like yourself need to be aware of common charity scams that can cheat you out of your money.

Walk for Cancer - it's raining!

Walk for Cancer – it’s raining! (Photo credit: miamism)

Many charity scams crop up after every tragedy, and the … Read more at 2009 Taxes

Small Businesses Get Help From Intuit’s TurboTax CPA Select

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Intuit’s TurboTax CPA Select

New TurboTax CPA Select connects small businesses with CPAs

Intuit has announced a new online service known as TurboTax CPA Select, that links small businesses who need to file their taxes with a CPA.

Image representing Intuit as depicted in Crunc...

Image via CrunchBase

The inventor of TurboTax, Quicken, and Quickbooks, Intuit has come out with a great new tax preparation and filing service right on schedule for the approaching tax season. The program, TurboTax CPA Select is intended to assign small businesses who need tax help to a CPA. These business owners can know have an accurate estimate of the cost … Read more at 2009 Taxes

In What Way Can An IRS Tax Lawyer Help You

Charity tax law is hard

Charity tax law is hard (Photo credit: trexfiles23)

IRS Tax Lawyer

Even though taxing is such an important subject, it is a pity that quite a number of people are unaware of the depth and importance of taxing. This is where an IRS tax lawyer comes into the picture. Hiring a professional tax lawyer is always a viable solution for all tax payers because the knowledge that these professionals have would certainly be very deep and hence they can guide the tax payers. What is IRS? This can be defined as an idea that supports the hiring of a professional … Read more at 2009 Taxes

Tax Liability Of An Annuity – Does It Exist?

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Tax Liability Of An Annuity

Everybody is interested in avoiding taxation legally because no one likes to pay taxes. There is generally no tax liability in case of annuities and this is what makes it so popular. After all, ‘a penny saved is a penny earned’ therefore why not invest in these since they do not require you to pay tax? The tax-deferred growth that one can enjoy from an annuity is probably one of the most attractive features about it. The government isn’t going to tax you on any of the earnings as long as the money stays inside … Read more at 2009 Taxes

All You Need To Know About Dealing With Tax Liability

Tax Act

Do not let tax liability force you to pay more than your fair share of taxes. The IRS has been providing special reliefs to people who have not been able to meet their tax obligations for the last few years.

The tax revenue authority body through its “Fresh Start” initiative is taking target at small business owners and the unemployed to meet revenue collection targets set previously.

According to Doug Shulman, IRS Commissioner, the agency has an obligation to work with struggling taxpayers in order to find a workable solution for both parties.

Every taxpayer should know that failing to … Read more at 2009 Taxes

How to Avoid an IRS Tax Audit

Tax Act

Tax season is upon us, and people seem to react to tax season with mixed feelings. Of course, if you are expecting a refund this year, then you are probably excited to file your taxes. But be honest – there is that little voice in the back of your head worrying about being audited, right? After all, people rank the experience of an IRS audit right up there with a root canal. If you want to do your best to steer clear of the worst come tax time, here are some tips for how to avoid an IRS tax audit:… Read more at 2009 Taxes