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<title>Finance:Taxes-Income Articles from EzineArticles.com</title>
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<pubDate>Wed, 15 Feb 2012 09:52:06 -0600</pubDate>
<image><title>Finance:Taxes-Income from EzineArticles.com</title>
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<copyright>Copyright 2012 EzineArticles.com - All Rights Reserved.</copyright>
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<title>Income Tax Clearance Certificates</title>
<link>http://EzineArticles.com/6872774</link>
<guid>http://EzineArticles.com/6872774</guid>
<pubDate>Mon, 13 Feb 2012 15:24:37 -0600</pubDate>
<description><![CDATA[India has a network of treaties for avoidance of double taxation. These treaties do not provide for any bilateral arrangement for assistance in tax recovery by one country from the residents of another country.]]></description>
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<title>Deducting Mileage on Your Taxes</title>
<link>http://EzineArticles.com/6876034</link>
<guid>http://EzineArticles.com/6876034</guid>
<pubDate>Sun, 12 Feb 2012 10:52:56 -0600</pubDate>
<description><![CDATA[This week we would like to talk about a common but valuable business tax deduction, vehicle mileage. When you deduct your vehicle mileage, you keep track of your mileage and then multiply it by the standard mileage rate. You then take that amount and deduct it on your taxes. For example, in 2010, the mileage rate was 50 cents per mile. So if you drove 20,000 miles in 2010 you would have been able to deduct $10,000.]]></description>
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<title>Do Your Own Income Tax Preparation or Let a Professional Handle It?</title>
<link>http://EzineArticles.com/6874725</link>
<guid>http://EzineArticles.com/6874725</guid>
<pubDate>Fri, 10 Feb 2012 20:53:02 -0600</pubDate>
<description><![CDATA[Income tax preparation can be difficult. It is usually best to have a professional do the work for you. Many people prefer not to spend the extra money, but it is a better alternative for most people.]]></description>
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<title>Deducting Your Donations</title>
<link>http://EzineArticles.com/6872410</link>
<guid>http://EzineArticles.com/6872410</guid>
<pubDate>Thu, 09 Feb 2012 20:39:46 -0600</pubDate>
<description><![CDATA[The Charitable Donations deduction category is often underused as well as confusing for people. So let's go over some of the basics of this deduction. The first thing you should know is that you can only deduct donation to specific organizations. The major types of qualified organizations that you can donate to and deduct include organizations that are religious, charitable, educational, scientific, or literary in purpose. That creates a wide window of options for your donations. You can also deduct donations that work to prevent cruelty to children or animals.]]></description>
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<title>The Five Overlooked Income Tax Breaks That Might Save You Money</title>
<link>http://EzineArticles.com/6867464</link>
<guid>http://EzineArticles.com/6867464</guid>
<pubDate>Wed, 08 Feb 2012 10:09:19 -0600</pubDate>
<description><![CDATA[Tax season is in full swing! Commonly, there is very little about this time of year to be happy about. Unless, of course, you take steps towards maximizing your tax deductions so you can get the most money possible come April.]]></description>
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<title>Why Self-Employed People Sometimes Need A Federal Tax ID Number And How To Get One Free From The IRS</title>
<link>http://EzineArticles.com/6856792</link>
<guid>http://EzineArticles.com/6856792</guid>
<pubDate>Tue, 07 Feb 2012 13:44:17 -0600</pubDate>
<description><![CDATA[There's a space on the small business Schedule C federal income tax form asking for your EIN; something required by the IRS in several situations. Most independent contractors know the EIN by its common name, Federal Tax ID Number. Learn who needs to apply for an EIN, why you would want one, and how to get yours for free...]]></description>
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<title>How To Report Your Inventory To The IRS At Tax Time When Your Are Self-Employed</title>
<link>http://EzineArticles.com/6859281</link>
<guid>http://EzineArticles.com/6859281</guid>
<pubDate>Tue, 07 Feb 2012 11:06:45 -0600</pubDate>
<description><![CDATA[If you work for yourself and make or buy items for resale, according to current IRS rules you have inventory expenses to report. Every business owner is required to report those expenses on the back of their Schedule C tax form because inventory costs are not deducted in the same manner as other normal business expenses. For IRS inventory records that will survive a tax audit I have devised a formula called LATER - List, Account, Total, Evaluate and Report. Here's how it works:]]></description>
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<item>
<title>Offers in Compromise - The Bad, the Worse and a Ray of Hope</title>
<link>http://EzineArticles.com/6849099</link>
<guid>http://EzineArticles.com/6849099</guid>
<pubDate>Mon, 06 Feb 2012 14:14:07 -0600</pubDate>
<description><![CDATA[We've discussed the unrealistic expectations that national tax services raise in their advertisements of Offers in Compromise - "We paid pennies on the dollar!" exclaims a well-tanned couple sitting in lounge chairs by the water and some very large boats.]]></description>
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<title>Five Major Reasons Taxpayers Get Audited</title>
<link>http://EzineArticles.com/6860280</link>
<guid>http://EzineArticles.com/6860280</guid>
<pubDate>Mon, 06 Feb 2012 12:46:54 -0600</pubDate>
<description><![CDATA[1. Forgetting to Report All Your Income The IRS get a copy of ALL your 1099's and W2s, and when that income is not reported on your tax return, the IRS computer notifies an IRS human who usually sends a 2000-PC Notice, which is a more like a paper audit. All sorts of red flags go up when the 1099's and or W2s don't match the tax return that you file.]]></description>
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<title>Don't Make This Common Mistake in Calculating Medical Expenses</title>
<link>http://EzineArticles.com/6839270</link>
<guid>http://EzineArticles.com/6839270</guid>
<pubDate>Fri, 03 Feb 2012 19:57:36 -0600</pubDate>
<description><![CDATA[With the high costs of medical care today, it is likely that medical expenses comprise a significant part of your itemized deductions. While a large amount of deductions can lead to a large income tax refund, it is important not to accidentally overstate your medical expenses by including medical reimbursements.]]></description>
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<title>Special Tax Situations Regarding Home Mortgage Interest</title>
<link>http://EzineArticles.com/6839292</link>
<guid>http://EzineArticles.com/6839292</guid>
<pubDate>Fri, 03 Feb 2012 19:55:54 -0600</pubDate>
<description><![CDATA[Paying your mortgage bill can be quite a burden, but it does provide most homeowners with a nice income tax return, thanks to deductible home mortgage interest. There are certain items that can be included as home mortgage interest and others that cannot. There are also certain special situations that may affect your deduction. The special situations could impact your tax return, so it is important that you know the difference.]]></description>
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<title>How To Report Inventory When You Sell Through Home Parties, Catalog Sales and Door-To-Door</title>
<link>http://EzineArticles.com/6851846</link>
<guid>http://EzineArticles.com/6851846</guid>
<pubDate>Thu, 02 Feb 2012 13:44:52 -0600</pubDate>
<description><![CDATA[If you sell for Avon, Tupperware, Shaklee, Creative Memories or other like-minded corporations that use independent sales reps to sell through home parties and catalogs you are required to track your inventory. Satisfying this IRS requirement generally only takes a few minutes, once you know what to do. Follow these three simple steps and you'll be done in no time at all.]]></description>
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<title>Accidental Business Owners: Should You Reexamine Being Self-Employed?</title>
<link>http://EzineArticles.com/6852248</link>
<guid>http://EzineArticles.com/6852248</guid>
<pubDate>Wed, 01 Feb 2012 10:19:12 -0600</pubDate>
<description><![CDATA[For those caught up in the surge of independent contractors in the last 3 years, it may be surprising to see just how costly being self-employed can be. With the improving economy, and brand new job opportunities, now could be the moment for certain people among the ranks of the self-employed to go after long term occupations. Transitioning back to the traditional job market may provide specific advantages, that the intangible advantages of being self-employed just can't beat.]]></description>
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<title>Income Tax - The Complicated Process of Government Funding</title>
<link>http://EzineArticles.com/6850757</link>
<guid>http://EzineArticles.com/6850757</guid>
<pubDate>Tue, 31 Jan 2012 17:35:10 -0600</pubDate>
<description><![CDATA[What is income tax and how is the rate determined? The answers vary a great deal from one country to another. In the U.S., income tax has become such a complicated process that even those working for the Internal Revenue Service have difficulty in determining the amount of tax that a person legally owes.]]></description>
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<title>The Beginning of Taxation and Income Tax</title>
<link>http://EzineArticles.com/6850748</link>
<guid>http://EzineArticles.com/6850748</guid>
<pubDate>Tue, 31 Jan 2012 17:34:47 -0600</pubDate>
<description><![CDATA[It is difficult to determine when taxes first were levied to citizens of an established country. Rulers have always collected from subservient subjects, even when those people had no regular form of income. What is income tax to someone who really has no earnings or wages?]]></description>
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<title>5 Types of Income Tax We Pay</title>
<link>http://EzineArticles.com/6850726</link>
<guid>http://EzineArticles.com/6850726</guid>
<pubDate>Tue, 31 Jan 2012 17:34:06 -0600</pubDate>
<description><![CDATA[At its first inception, many people might have asked the question, "What is income tax?" In 10 AD, when Emperor Wang Mang decided to introduce income tax, it was thought of about the same as stealing. People of that day had no records to show what their true earnings were, so it was easy to be charged too much.]]></description>
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<title>Who Decides Where Your Tax Money Goes?</title>
<link>http://EzineArticles.com/6850711</link>
<guid>http://EzineArticles.com/6850711</guid>
<pubDate>Tue, 31 Jan 2012 17:33:17 -0600</pubDate>
<description><![CDATA[What is income tax considered to be when it becomes extremely high? Complaints about what the taxpayer considers are unfair practices of taxation are nothing new, and they generally stem more from how the tax money is spent than from the actual taxes themselves.]]></description>
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<title>What Is Income Tax - An Overview of Taxation in the US</title>
<link>http://EzineArticles.com/6847064</link>
<guid>http://EzineArticles.com/6847064</guid>
<pubDate>Tue, 31 Jan 2012 17:14:18 -0600</pubDate>
<description><![CDATA[An often asked question is, "What is income tax and why do I have to pay it?" It is very obvious that if people had a choice of either paying or not paying income tax, then nobody would opt in and contribute their part.]]></description>
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<item>
<title>What Is Taxable Income?</title>
<link>http://EzineArticles.com/6846916</link>
<guid>http://EzineArticles.com/6846916</guid>
<pubDate>Tue, 31 Jan 2012 17:13:43 -0600</pubDate>
<description><![CDATA[There are so many different types of income that it is hard to know which ones the government requires you to pay taxes on and which ones it doesn't. A general rule to follow is this: taxable income is income that you earn either by employment or by investing your money in something that generates income. But, as with most things with the IRS, there are some exceptions to this rule, meaning here are some types of income that are not taxable for various reasons. So, let's go over some of the more common types of income that are taxable and some that are not taxable.]]></description>
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<title>Avoiding Filing Your Taxes? This Year You Get 3 Extra Days!</title>
<link>http://EzineArticles.com/6846942</link>
<guid>http://EzineArticles.com/6846942</guid>
<pubDate>Mon, 30 Jan 2012 10:05:11 -0600</pubDate>
<description><![CDATA[For people that don't receive a tax refund preparing to file can be stressful. In fact, they may delay it as long as possible. The good news this year is that thanks to how tax day falls you technically get 3 extra days to file.]]></description>
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<title>United States Income Tax</title>
<link>http://EzineArticles.com/6836873</link>
<guid>http://EzineArticles.com/6836873</guid>
<pubDate>Fri, 27 Jan 2012 10:22:00 -0600</pubDate>
<description><![CDATA[Every month you receive a paycheck for your work and it is always baffling to see how much money is taken out of every check. Most employees could not tell you how much is regularly deducted from them or why. Most of the time we expect, or hope, for a larger amount written on our paycheck than there actually is. When you finally get your check many different taxes have been taken out of it. Obviously the amount of taxes vary for each person depending on where they live and where they work. Regardless of your individual situation though, most people pay income tax based on their wages. This leaves most of us asking, "What is an income tax?"]]></description>
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<title>Learn About Income Tax</title>
<link>http://EzineArticles.com/6836863</link>
<guid>http://EzineArticles.com/6836863</guid>
<pubDate>Fri, 27 Jan 2012 10:21:39 -0600</pubDate>
<description><![CDATA[I am constantly getting asked by friends and family for help with their income taxes. They are always asking me what is income tax and why they have to pay it. Finally after explaining the concepts to them over and over, I decided to write this short article to explain to everyone how simple income taxes can actually be if you take a bit of time to educate yourself.]]></description>
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<title>Learning About Income Tax</title>
<link>http://EzineArticles.com/6836841</link>
<guid>http://EzineArticles.com/6836841</guid>
<pubDate>Fri, 27 Jan 2012 10:17:37 -0600</pubDate>
<description><![CDATA[Are you currently being asked, "What is income tax?" Do you not know how to answer this question? Do you struggle to get your taxes done yourself? Income tax baffled many people and more often than not they cannot tell others exactly what income tax is. In this short guide, we are going to show you the fundamentals of income tax where you can be more knowledgeable when the subject comes up.]]></description>
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<title>What Is Income Tax?</title>
<link>http://EzineArticles.com/6836809</link>
<guid>http://EzineArticles.com/6836809</guid>
<pubDate>Thu, 26 Jan 2012 13:05:37 -0600</pubDate>
<description><![CDATA[Many people ask, "What is income tax?" This tax confuses most people and rarely does anyone have a good understanding of what it means. In this article we will go over the basics of income tax and hopefully better prepare you with your own tax knowledge.]]></description>
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<title>6 Steps to Prepare for Tax Time</title>
<link>http://EzineArticles.com/6836888</link>
<guid>http://EzineArticles.com/6836888</guid>
<pubDate>Thu, 26 Jan 2012 11:05:01 -0600</pubDate>
<description><![CDATA[Currently, the United States tax system can be very complicated and daunting. This leaves many people asking, "What is income tax?"]]></description>
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<title>Earned Income Tax Credit Increases Your Tax Refund</title>
<link>http://EzineArticles.com/6832455</link>
<guid>http://EzineArticles.com/6832455</guid>
<pubDate>Tue, 24 Jan 2012 14:55:52 -0600</pubDate>
<description><![CDATA[The Earned Income Tax Credit or EITC helps many hardworking people especially those responsible for others who depend on them for support. This refundable tax credit however has brought about a complex set of rules and regulations for both tax payer and tax preparer. Current EITC information, covering specific eligibility requirements, helps both you and the person who prepares your income tax return comply with changing tax definitions and specific rules of due diligence documenting your eligibility for this valuable earned income tax credit.]]></description>
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<title>Deducting Taxes on Your Income Taxes</title>
<link>http://EzineArticles.com/6823687</link>
<guid>http://EzineArticles.com/6823687</guid>
<pubDate>Fri, 20 Jan 2012 11:50:22 -0600</pubDate>
<description><![CDATA[This article is going to talk about how you can deduct the taxes you pay on your itemized deductions. What? Deducting taxes on your taxes? How does that work? Well, there are several different kinds of taxes that are deductible.]]></description>
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<title>Tax Tips For Self-Employed Contractors In The Building Trade Industry</title>
<link>http://EzineArticles.com/6802235</link>
<guid>http://EzineArticles.com/6802235</guid>
<pubDate>Thu, 19 Jan 2012 11:48:51 -0600</pubDate>
<description><![CDATA[It's hard enough working in the building trade; most independent contractors go home too exhausted to deal with the paperwork end of the business. But, there are ways to make the business portion of the job easier, while satisfying the IRS at the same time. Start with these ten simple tax tips.]]></description>
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<title>All You Should Know About Form 16</title>
<link>http://EzineArticles.com/6818037</link>
<guid>http://EzineArticles.com/6818037</guid>
<pubDate>Tue, 17 Jan 2012 18:58:34 -0600</pubDate>
<description><![CDATA[See, you are required to pay tax to the government if your income exceeds a certain amount. But, instead of all the employees going through the hassle of computing and paying taxes, there is a mechanism whereby your employer deducts a certain amount from your salary and pays it to the government. This amount is called TDS (Tax Deducted at Source).]]></description>
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<title>Late Expat Tax Returns: How To Win With the IRS</title>
<link>http://EzineArticles.com/6815799</link>
<guid>http://EzineArticles.com/6815799</guid>
<pubDate>Mon, 16 Jan 2012 13:54:43 -0600</pubDate>
<description><![CDATA[The IRS crackdown on unreported foreign income has required some expats to come clean by filing returns, but often with no tax due. American expats often have a low or zero USA tax liability after claiming the foreign earned income exclusion and the foreign tax credit. The IRS may allow late election of the foreign earned income exclusion, and almost always allows the foreign tax credit on late returns. Where tax is small, the IRS has been forgiving.]]></description>
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<title>Looking Forward To Tax Preparation</title>
<link>http://EzineArticles.com/6815342</link>
<guid>http://EzineArticles.com/6815342</guid>
<pubDate>Fri, 13 Jan 2012 10:25:56 -0600</pubDate>
<description><![CDATA[Every new year brings a little bit of optimism about the upcoming months. Vacations and graduations are just a few months away; but, there is another big job that requires attention: tax preparation. In today's complex world, there are numerous pieces of paperwork that need organizing before you can even begin to fill out a tax form. Everything from income statements to charitable contributions need to be sorted and stacked. Where to begin, you may ask? Some helpful suggestions will help you during your tax preparation period for a fast and accurate filing.]]></description>
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<title>Five Types Of IRS Tax Audits And How A Small Business Owner Can Avoid Or Beat Them</title>
<link>http://EzineArticles.com/6792950</link>
<guid>http://EzineArticles.com/6792950</guid>
<pubDate>Thu, 12 Jan 2012 20:28:30 -0600</pubDate>
<description><![CDATA[A small business owner has enough to worry about, without adding the stress of an IRS tax audit. Avoiding an audit is simple when you understand how the IRS chooses which companies to audit; beating a tax audit is even easier. Let's start with a look at who is on the IRS audit hit list.]]></description>
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<title>What Income Is Reported on 1099-Misc Gross Rents Box?</title>
<link>http://EzineArticles.com/6806322</link>
<guid>http://EzineArticles.com/6806322</guid>
<pubDate>Thu, 12 Jan 2012 08:25:29 -0600</pubDate>
<description><![CDATA[I have noticed that there seems to be some confusion as to what constitutes reportable annual rental income that should be listed under the Gross Rents box on form 1099 and 1042-S. The purpose of this article is to help all property managers and property landlords to have a clear understanding of the tax rules that apply to this box.]]></description>
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<title>Three Tips to Reduce Your Taxes Before the Close of 2011</title>
<link>http://EzineArticles.com/6774747</link>
<guid>http://EzineArticles.com/6774747</guid>
<pubDate>Thu, 29 Dec 2011 10:09:04 -0600</pubDate>
<description><![CDATA[2011 is coming to a close, but before it does, there still may be time to take steps to lower your tax bill. Accelerating certain expenditures for energy improvements, tuition and medical expenses can have significant impact on your taxes.]]></description>
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<title>Who Can Claim Dependency Exemption After a Divorce?</title>
<link>http://EzineArticles.com/6761162</link>
<guid>http://EzineArticles.com/6761162</guid>
<pubDate>Mon, 19 Dec 2011 09:04:15 -0600</pubDate>
<description><![CDATA[The IRS has regulated that a taxpayer can only claim a dependency exemption for a qualifying relative or child. If you are trying to claim dependency exemption for a child, you need to understand Regulation 1.152-4(c) of the IRS bulletin and how it applies to you.]]></description>
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<title>Taxation of Commodity Traders</title>
<link>http://EzineArticles.com/6752843</link>
<guid>http://EzineArticles.com/6752843</guid>
<pubDate>Tue, 13 Dec 2011 15:19:04 -0600</pubDate>
<description><![CDATA[Commodity Traders may be taxed under two different methodologies. One I refer to as the "Default Rule" and the other I refer to as the "Mark-To-Market Election Rule".]]></description>
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<title>3 Ways That a Business Owner Can Minimize Their Taxes</title>
<link>http://EzineArticles.com/6731863</link>
<guid>http://EzineArticles.com/6731863</guid>
<pubDate>Wed, 07 Dec 2011 17:35:46 -0600</pubDate>
<description><![CDATA[There are hundreds of ways for a small business owner to minimize their tax bill. The three tips in this article can increase your bottom line and make your tax return audit proof. Education is the cheapest way to shrink your tax bill, so let's take a look at three sure-fire ways to minimize those business taxes while increasing your bottom line.]]></description>
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<title>Some Easy Ways to Get a Bigger Tax Return</title>
<link>http://EzineArticles.com/6730471</link>
<guid>http://EzineArticles.com/6730471</guid>
<pubDate>Tue, 06 Dec 2011 14:50:26 -0600</pubDate>
<description><![CDATA[Everyone wants a bigger tax return come April; it's about the only thing that could be good about this time of year! Whether you are a 'starving student', a middle class family or a single worker, getting a bigger tax return is important and has to be managed right from square one. There are some easy ways to get a bigger tax return and here are the easiest ways that will both put money in your pocket now and let you feel good about doing it.]]></description>
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<title>Mutual Fund Distributions and Capital Gains Taxes 2011</title>
<link>http://EzineArticles.com/6726796</link>
<guid>http://EzineArticles.com/6726796</guid>
<pubDate>Mon, 05 Dec 2011 13:36:26 -0600</pubDate>
<description><![CDATA[Prepare now for 2011 taxes. If you own any investments, you need to take action before the end of the year to prevent a huge tax bill!]]></description>
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<title>Several Ways You Can Reduce Your Taxes Before the End of the Year</title>
<link>http://EzineArticles.com/6702476</link>
<guid>http://EzineArticles.com/6702476</guid>
<pubDate>Fri, 02 Dec 2011 15:47:04 -0600</pubDate>
<description><![CDATA[Looking for ways to reduce your taxes for this year? There are several things you can do to reduce your taxes. But, you're going to have to act before the end of the year (Dec 31st.). Check out the list below and see what applies to your situation.]]></description>
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<title>What To Do At Tax Time When You Sell Through Home Parties</title>
<link>http://EzineArticles.com/6719173</link>
<guid>http://EzineArticles.com/6719173</guid>
<pubDate>Thu, 01 Dec 2011 13:32:50 -0600</pubDate>
<description><![CDATA[If you sell items through one of the businesses that encourage home party and catalog sales, it makes no difference whether you are selling scrapbooking supplies, vitamins, food containers, makeup, or another product line, the tax reporting procedures are the same. But, where you post that income, and the expenses involved in making those sales, depends on how you operate. Before reporting any income, the independent sales rep must first examine their overall business goals.]]></description>
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<title>Tax Trimming Ideas For Manicurists and Nail Techs</title>
<link>http://EzineArticles.com/6710562</link>
<guid>http://EzineArticles.com/6710562</guid>
<pubDate>Thu, 01 Dec 2011 11:35:20 -0600</pubDate>
<description><![CDATA[At tax time, nail techs and manicurists who rent space in a salon or spa must report all income, including tips, on the IRS small business Schedule C tax form. This is also where they get to deduct all of the money spent to make that income. And, just like the large corporate giants, the business tax form is the place where you get to file down your tax bill through good business planning. Self-employed workers can deduct...]]></description>
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<title>From Hobby to Self Employed in the Handcrafted Jewelry Business</title>
<link>http://EzineArticles.com/6715192</link>
<guid>http://EzineArticles.com/6715192</guid>
<pubDate>Thu, 01 Dec 2011 09:09:18 -0600</pubDate>
<description><![CDATA[Every successful handcrafted business started as a hobby. Making the move from hobby to business always begins with the same question... I wonder if I can make money doing this? Those who believe it's possible will then sign up for a few craft fairs with a goal of putting a few extra pennies in their pocket while showing off their creations.]]></description>
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<title>IRS Takes Action to Ensure Accurate Tax Preparation by Preparers</title>
<link>http://EzineArticles.com/6710255</link>
<guid>http://EzineArticles.com/6710255</guid>
<pubDate>Wed, 30 Nov 2011 11:08:30 -0600</pubDate>
<description><![CDATA[The IRS has been sending out letters to income tax preparers for the past few years reminding them of their obligation to prepare accurate tax returns on behalf of their clients. During the month of November, the IRS started sending out letters to more than 21,000 tax preparers across the country. The reason for these letters is because the tax returns prepared during the past tax season have shown a high percentage of inaccuracies and misinterpretations of the tax law.]]></description>
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<item>
<title>10 Things a Small Business Can Write Off</title>
<link>http://EzineArticles.com/6711283</link>
<guid>http://EzineArticles.com/6711283</guid>
<pubDate>Tue, 29 Nov 2011 09:26:43 -0600</pubDate>
<description><![CDATA[Nobody wants to make a mistake on their tax return; we all share a common fear of the IRS. Consequently, self-employed individuals and small business owners often overlook simple deductions, especially in years when profits are low. Missed deductions increase your tax bill, but when you learn to spot every deduction allowed by law you'll watch your bottom line grow. Start with these 10 simple small business tax write-offs...]]></description>
</item>
<item>
<title>Tax Tips For Self-Employed Barbers And Hair Stylists</title>
<link>http://EzineArticles.com/6710486</link>
<guid>http://EzineArticles.com/6710486</guid>
<pubDate>Wed, 23 Nov 2011 17:38:20 -0600</pubDate>
<description><![CDATA[The tax returns of many self-employed hair stylists and barbers would fail an IRS tax audit. Undocumented cash income, inventory mistakes, overlooked deductions, and missed tax benefits are common within this industry. But, unless you understand exactly what the IRS expects of barbers, hair stylists and salon owners who are self-employed, your tax return is always going to be wrong, even if you pay someone else to prepare your return. When it comes to the IRS, knowledge is power, and the key to paying less tax.]]></description>
</item>
<item>
<title>Landlord Tax Tips</title>
<link>http://EzineArticles.com/6702550</link>
<guid>http://EzineArticles.com/6702550</guid>
<pubDate>Mon, 21 Nov 2011 20:55:16 -0600</pubDate>
<description><![CDATA[If you are a landlord and rent out one or more of the properties you own, you could be subject to landlord tax i.e. tax on the rental income you receive, often called rental income tax This is the tax on the money you earn through the rental of your property.]]></description>
</item>
<item>
<title>Is Online Tax Filing In Your Future?</title>
<link>http://EzineArticles.com/6704357</link>
<guid>http://EzineArticles.com/6704357</guid>
<pubDate>Mon, 21 Nov 2011 11:51:04 -0600</pubDate>
<description><![CDATA[Most of us by now have heard a lot about the IRS e-file system for filing taxes online or those returns done by tax preparers. From what we have seen so far, this is by the most accurate method for filing taxes, plus it can be said to be user friendly.]]></description>
</item>
<item>
<title>The Child Tax Credit</title>
<link>http://EzineArticles.com/6612208</link>
<guid>http://EzineArticles.com/6612208</guid>
<pubDate>Fri, 18 Nov 2011 18:36:38 -0600</pubDate>
<description><![CDATA[Are you a new parent? Here's a baby present. You know that a tax credit is worth more than a tax deduction. That's because the credit is a dollar for dollar offset to tax. The Child Tax Credit allows you to reduce your Federal income tax by up to $1,000 per child, and there is no limit to the number of children, as long as they are under 17 at the end of the year, living with you more than 6 months (excluding newborns), and a U.S. citizen.]]></description>
</item>
<item>
<title>UK Tax Avoidance With a Film Partnership Scheme</title>
<link>http://EzineArticles.com/6680712</link>
<guid>http://EzineArticles.com/6680712</guid>
<pubDate>Thu, 10 Nov 2011 16:31:40 -0600</pubDate>
<description><![CDATA[Film Partnership Schemes are a method of Tax Planning in the UK that are primarily used in the avoidance of income tax but sometimes capital gains tax as well. This article looks at a little bit of the background of film schemes as in when they were introduced and how they actually work to achieve a paper loss, which is then set against actual income to reduce it to zero for accounting purposes. The net effect of this is that the tax is wiped out. This can be used for self employed people as well as those who use PAYE (Pay As You Earn) in the UK. For PAYE participants in...]]></description>
</item>
<item>
<title>Getting Ready for Year End Tax Return</title>
<link>http://EzineArticles.com/6671641</link>
<guid>http://EzineArticles.com/6671641</guid>
<pubDate>Mon, 07 Nov 2011 15:54:18 -0600</pubDate>
<description><![CDATA[Today I would like to discuss three questions to consider for your year end tax return: -Are your records neatly organized, or do you have receipts located in many different places? -Do you have your personal and business expenses separated out? Are they separate on a spreadsheet or in QuickBooks?]]></description>
</item>
<item>
<title>California Tax Preparers In the Middle, Between the Feds and the State</title>
<link>http://EzineArticles.com/6671817</link>
<guid>http://EzineArticles.com/6671817</guid>
<pubDate>Mon, 07 Nov 2011 13:03:36 -0600</pubDate>
<description><![CDATA[When instructing tax students in recent in past years, I always made it a point to over emphasize the difference between federal law and the California state law when it came to Medical Marijuana. FACT: The use of marijuana is illegal under federal law. PROBLEM: The IRS has determined that an obscure provision of a 1982 federal law prevents a marijuana dispensary from qualifying for the standard deductions that any other normal business could use. What this means is that a Marijuana Dispensary CANNOT use or legally take tax deductions for expenses such as rent, miles driven...]]></description>
</item>
<item>
<title>How You Can Get a Jump on the IRS Before It Gets a Jump on You</title>
<link>http://EzineArticles.com/6667165</link>
<guid>http://EzineArticles.com/6667165</guid>
<pubDate>Fri, 04 Nov 2011 13:09:55 -0500</pubDate>
<description><![CDATA[Do you think your income taxes are going up? They are not going up in 2012 but the extension of the 2001 Bush Tax Reduction program expires at the end of 2012. So lets assume that at minimum, the government simply does not renew the Bush/Obama tax reduction program. Many people will have to pay more taxes as their marginal income tax brackets are increased and favorable tax treatment of capital gains and dividends are eliminated. So what can you do to lessen you future tax burdens?]]></description>
</item>
<item>
<title>The Importance of Tax Planning During the Year</title>
<link>http://EzineArticles.com/6664466</link>
<guid>http://EzineArticles.com/6664466</guid>
<pubDate>Fri, 04 Nov 2011 10:28:34 -0500</pubDate>
<description><![CDATA[Being a tax consultant and preparer for over 20 years, I can tell you that there have been a number of times that I've had clients who were surprised by how much they money they owed at tax time. Why did they wind up owing so much money? There are numerous reasons. What it all comes down to tax planning or the lack of.]]></description>
</item>
<item>
<title>Federal Income Tax Dependency Test</title>
<link>http://EzineArticles.com/6657259</link>
<guid>http://EzineArticles.com/6657259</guid>
<pubDate>Wed, 02 Nov 2011 09:40:33 -0500</pubDate>
<description><![CDATA[Taxpayer must have provided over 50% of total support, OR Two or more persons shared the support and together they provided more than 50% of the total support. The dependent must be a member of the household, or closely related to BOTH contributors.]]></description>
</item>
<item>
<title>Which Health Expenses Are Deductible?</title>
<link>http://EzineArticles.com/6660945</link>
<guid>http://EzineArticles.com/6660945</guid>
<pubDate>Mon, 31 Oct 2011 12:54:39 -0500</pubDate>
<description><![CDATA[As health care costs steadily rise, you might be questioning if some expenses are related to health deductible? Under certain circumstances the answer is yes, but you have to qualify.]]></description>
</item>
<item>
<title>Working For Yourself, How It Affects Your Taxes</title>
<link>http://EzineArticles.com/6650673</link>
<guid>http://EzineArticles.com/6650673</guid>
<pubDate>Fri, 28 Oct 2011 15:35:39 -0500</pubDate>
<description><![CDATA[If you're one of the many people who works for yourself, whether it be online or off-line you, will want to read this article about how it affects your taxes. Many people, who work from home, work for themselves. People who work alone in their own business are often called sole proprietors, and are considered self-employed.]]></description>
</item>
<item>
<title>How To Report Income Tax With An LLC</title>
<link>http://EzineArticles.com/6602523</link>
<guid>http://EzineArticles.com/6602523</guid>
<pubDate>Wed, 19 Oct 2011 15:49:49 -0500</pubDate>
<description><![CDATA[Your business structure is set, so you think it's time to open for business. Not yet. There's one more issue to resolve before you're ready to open your doors - self-employment taxes and your limited liability company, or LLC.]]></description>
</item>
<item>
<title>US International Tax Planning: Subpart F Branch Rule Causes Inclusions for CFC Shareholders</title>
<link>http://EzineArticles.com/6625041</link>
<guid>http://EzineArticles.com/6625041</guid>
<pubDate>Fri, 14 Oct 2011 09:30:01 -0500</pubDate>
<description><![CDATA[U.S. Subpart F rules require 10% shareholders of controlled foreign corporations to include the CFC's income in their income if certain tests are met. This may apply to income of manufacturing CFCs. If the effect of the branches is to reduce the foreign tax by 5 percentage points and defer tax on branch income, a special branch rule applies. The income of the sales branch is treated as Subpart F income and must be included in the shareholder's income, unless other exceptions apply.]]></description>
</item>
<item>
<title>How to Choose a Tax Problem Service Provider</title>
<link>http://EzineArticles.com/6614454</link>
<guid>http://EzineArticles.com/6614454</guid>
<pubDate>Thu, 13 Oct 2011 13:45:55 -0500</pubDate>
<description><![CDATA[Most people try to resolve tax problems on their own or with the help of their tax preparer. They think that a tax attorney is too expensive, they can save money by doing it themselves and if they owe a little bit more, they'll just pay it.]]></description>
</item>
<item>
<title>Unfiled Tax Returns Keeping You Up At Night?</title>
<link>http://EzineArticles.com/6610052</link>
<guid>http://EzineArticles.com/6610052</guid>
<pubDate>Wed, 12 Oct 2011 09:41:36 -0500</pubDate>
<description><![CDATA[Haven't filed your taxes for the past two, three, four, or more years? TAKE ACTION NOW! You'll minimize penalties and interest and keep the IRS from going into collection enforcement mode. If you owe a lot, the IRS will let you set up an installment arrangement, or, if you're going in dyer straights and won't be able to pay off your tax liability in three years, you can file an Offer In Comprise. You may get away with paying just 10 cents of the dollar!]]></description>
</item>
<item>
<title>Tax Return Preparers Exam - Article 2: Who Must Take the IRS Competency Examination</title>
<link>http://EzineArticles.com/6595202</link>
<guid>http://EzineArticles.com/6595202</guid>
<pubDate>Wed, 05 Oct 2011 15:08:18 -0500</pubDate>
<description><![CDATA[If you have the firm intention to continue or to begin working in the changing tax return preparation industry as a professional tax return preparer, you should be aware of the new rules the IRS is implementing as part of an ongoing effort to enhance oversight of the tax return preparation industry. The competency examination is part of those new rules of the game. Maybe you are wondering, who must take the IRS exam?]]></description>
</item>
<item>
<title>All Contractors Should Be Taking Full Advantage Of Tax-Free ISA's Today</title>
<link>http://EzineArticles.com/6586479</link>
<guid>http://EzineArticles.com/6586479</guid>
<pubDate>Tue, 27 Sep 2011 14:13:44 -0500</pubDate>
<description><![CDATA[Many contractors who have savings or hope to begin saving and would like to increase the potential return on their investment on savings, should have an Individual Savings Accounts (ISA's). The current maximum that can be placed into an ISA is 10,680 GBP, of which 5,340 GBP can be in cash. The other 5,340 GBP can be used for shares.]]></description>
</item>
<item>
<title>How To Investigate Income Tax Fraud</title>
<link>http://EzineArticles.com/6568384</link>
<guid>http://EzineArticles.com/6568384</guid>
<pubDate>Mon, 19 Sep 2011 16:25:41 -0500</pubDate>
<description><![CDATA[We all hate paying taxes. However, if everybody paid the tax they should be would all have to pay a lot less! This article discusses some of the problems when trying to deal with tax evasion.]]></description>
</item>
<item>
<title>Taxpayer's Delinquent Tax Guide</title>
<link>http://EzineArticles.com/6559129</link>
<guid>http://EzineArticles.com/6559129</guid>
<pubDate>Thu, 15 Sep 2011 09:38:43 -0500</pubDate>
<description><![CDATA[If you are a taxpayer who owes back taxes, no matter what the reasons, you do have options available to you when dealing with the Internal Revenue Service commonly referred to as the IRS. The first option to consider would be the IRS installment agreement, if the amount owed is less than $25,000 then this agreement would be the logical approach. IRS charges between $43 and $105 to process the agreement.]]></description>
</item>
<item>
<title>U.S. International Tax Planning: Subpart F Basics for Controlled Foreign Corporations</title>
<link>http://EzineArticles.com/6558021</link>
<guid>http://EzineArticles.com/6558021</guid>
<pubDate>Wed, 14 Sep 2011 11:34:16 -0500</pubDate>
<description><![CDATA[U.S. Subpart F rules require 10% shareholders of controlled foreign corporations to include the CFC's income in their income if certain tests are met. They must include their shares of the CFC's income from buying and selling involving related parties and performing services for related parties. In addition, if the CFC loans money back to the U.S., the loan results in an income inclusion. The income so included is not again taxed when distributed.]]></description>
</item>
<item>
<title>Tax Tips for Expatriates Working in Australia</title>
<link>http://EzineArticles.com/6515604</link>
<guid>http://EzineArticles.com/6515604</guid>
<pubDate>Mon, 12 Sep 2011 08:57:52 -0500</pubDate>
<description><![CDATA[With tax time upon us, now is a good time for foreign residents working in Australia to consider their tax obligations and potential opportunities to legally minimise their tax. If you are a foreign resident taking up employment in Australia it is strongly recommended that you seek expert advice on your Australian Taxation obligations. Expatriates working here will usually be liable for income tax on their Australian sourced income. This not only includes wages and salaries, but also interest and dividends that have their source within Australia.]]></description>
</item>
<item>
<title>Expat Tax Regulations</title>
<link>http://EzineArticles.com/6540025</link>
<guid>http://EzineArticles.com/6540025</guid>
<pubDate>Tue, 06 Sep 2011 11:51:15 -0500</pubDate>
<description><![CDATA[This article talks about how even though you are an expat you still have to pay taxes in most cases. Also deals with certain tax exemptions and tax treaties.]]></description>
</item>
<item>
<title>Understanding Residual Income</title>
<link>http://EzineArticles.com/6476252</link>
<guid>http://EzineArticles.com/6476252</guid>
<pubDate>Sun, 04 Sep 2011 14:33:16 -0500</pubDate>
<description><![CDATA[Why would anybody want residual income? Who in their right minds wants to receive money month after month for work the did once? Residual income, which can sometimes be known as royal payment, is an ongoing payment that a person receives for work or effort that was done once.]]></description>
</item>
<item>
<title>Placement Year Tax Refunds and Summer Internship Tax Refunds Explained</title>
<link>http://EzineArticles.com/6534427</link>
<guid>http://EzineArticles.com/6534427</guid>
<pubDate>Fri, 02 Sep 2011 10:10:55 -0500</pubDate>
<description><![CDATA[If you are a student who finds it difficult to understand the PAYE tax system, you are not alone. There is a great deal of confusion around student taxes amongst the UK student population, but it need not be complicated. This article will take a look at the truths - and not-so-truths - behind paying tax as a student.]]></description>
</item>
<item>
<title>Save Thousands Of Dollars In Health Care Premiums And Taxes By Enrolling In An HRA</title>
<link>http://EzineArticles.com/6508507</link>
<guid>http://EzineArticles.com/6508507</guid>
<pubDate>Wed, 24 Aug 2011 16:16:23 -0500</pubDate>
<description><![CDATA[Many companies today are faced with a harsh reality, the need to cut costs in order to stay in business. Health insurance premiums have gotten very expensive, for many they are just too expensive. Every year they watch as their premiums increase by double digits.]]></description>
</item>
<item>
<title>The Largest Tax Break The Government Has Ever Provided For The Self Employed</title>
<link>http://EzineArticles.com/6508559</link>
<guid>http://EzineArticles.com/6508559</guid>
<pubDate>Wed, 24 Aug 2011 16:11:41 -0500</pubDate>
<description><![CDATA[There is a little known government program that every self employed person should be using. You now can take advantage of tax saving that big companies have been using since 1954. This program helps you reduce the cost of your health insurance.]]></description>
</item>
<item>
<title>Fairness In The Tax Code: Innocent Spouse Relief</title>
<link>http://EzineArticles.com/6500690</link>
<guid>http://EzineArticles.com/6500690</guid>
<pubDate>Wed, 24 Aug 2011 14:06:56 -0500</pubDate>
<description><![CDATA[Checking that little box on your 1040 return that says "married, filing jointly" not only saves you a bundle in taxes, it creates a special kind of liability called "joint and several" liability. This can be a problem if one spouse unknowingly signs a return which misstates taxable income. Fortunately the tax code offers "innocent spouse relief", a way you can avoid back taxes and penalties in a situation where your spouse erroneously under-reported income, or overstated credits and/or deductions.]]></description>
</item>
<item>
<title>Canadian Tax Tips for Business</title>
<link>http://EzineArticles.com/6499040</link>
<guid>http://EzineArticles.com/6499040</guid>
<pubDate>Wed, 24 Aug 2011 12:51:25 -0500</pubDate>
<description><![CDATA[Canadian tax tips are the tips that are given to a person who is living in Canada and doing business and he should look upon these tips to progress. A businessman in Canada should know about the Canadian tax tips for business to get benefit from it.]]></description>
</item>
<item>
<title>Five Important Personal Tax Planning Tips</title>
<link>http://EzineArticles.com/6509439</link>
<guid>http://EzineArticles.com/6509439</guid>
<pubDate>Wed, 24 Aug 2011 11:40:15 -0500</pubDate>
<description><![CDATA[Tax planning is an essential part of personal financial management. Individual taxes come in various forms and therefore it is important for every individual to have a clear understanding of the subject so as to improve on personal tax planning and management skills. Below are some important guidelines that should assist every individual taxpayer plan for his or her taxes better in the future.]]></description>
</item>
<item>
<title>Five Essential Tips on Business Tax Planning</title>
<link>http://EzineArticles.com/6509425</link>
<guid>http://EzineArticles.com/6509425</guid>
<pubDate>Wed, 24 Aug 2011 11:34:07 -0500</pubDate>
<description><![CDATA[Business owners are faced with the challenge of making profits in order to survive. The thought of having to pay taxes from your sales turnover can be very disheartening. However, this is a government regulation that cannot be avoided.]]></description>
</item>
<item>
<title>How To Lower Your Income Tax</title>
<link>http://EzineArticles.com/6509388</link>
<guid>http://EzineArticles.com/6509388</guid>
<pubDate>Wed, 24 Aug 2011 11:21:46 -0500</pubDate>
<description><![CDATA[Want to know how to lower your income tax amount every year? Of course you do, or you wouldn't be here right now. Most of you will be amazed at how easy it can be to lower your income tax. In fact, it's so easy a caveman can do it!]]></description>
</item>
<item>
<title>S-Corp Owners: Is Your Compensation Reasonable?</title>
<link>http://EzineArticles.com/6474018</link>
<guid>http://EzineArticles.com/6474018</guid>
<pubDate>Tue, 16 Aug 2011 15:15:12 -0500</pubDate>
<description><![CDATA[If you own a pass through type entity, you probably are aware that you pay taxes on the businesses earnings even if you take no money from the business. You might pay yourself a salary, on which you pay taxes, or you might take a distribution from equity. Be aware you could be challenged in an audit, and receive a substantial bill for back taxes relating to the payroll taxes if your compensation is deemed too low by the IRS.]]></description>
</item>
<item>
<title>How the IRS Looks at Hobbies Vs Real Businesses for Tax Purposes</title>
<link>http://EzineArticles.com/6481587</link>
<guid>http://EzineArticles.com/6481587</guid>
<pubDate>Mon, 15 Aug 2011 14:35:20 -0500</pubDate>
<description><![CDATA[The IRS takes a list of things into account when determining the difference between a business and a hobby. This will impact your tax situation if you are showing a loss. The IRS is very concerned with this issue and will catch many taxpayers off-guard each year.]]></description>
</item>
<item>
<title>Best Ways to Minimize Taxes</title>
<link>http://EzineArticles.com/6371523</link>
<guid>http://EzineArticles.com/6371523</guid>
<pubDate>Mon, 15 Aug 2011 09:31:47 -0500</pubDate>
<description><![CDATA[When it comes to investing in real estate, you should have one goal in mind. You want to gain more out of it than you put in and this includes any tax accounting that you need to do. While this sounds like the simplest thing in the world, the truth is that it really is not.]]></description>
</item>
<item>
<title>Ways for Providing Tax Efficient Savings (Part 2)</title>
<link>http://EzineArticles.com/6467950</link>
<guid>http://EzineArticles.com/6467950</guid>
<pubDate>Wed, 10 Aug 2011 11:22:33 -0500</pubDate>
<description><![CDATA[Back in mid-1700's Benjamin Franklin said, "In this world, nothing is certain but death and taxes". Today, his words continue to echo in our realm of financial products where death and taxes have branched into life insurance and tax savings. In this article we shall look at the types of life insurance, their purpose, benefits, particularities and tax advantage.]]></description>
</item>
<item>
<title>Employment Income From Cyprus and Russia</title>
<link>http://EzineArticles.com/6468015</link>
<guid>http://EzineArticles.com/6468015</guid>
<pubDate>Wed, 10 Aug 2011 10:28:41 -0500</pubDate>
<description><![CDATA[Question: I am currently employed by a Cyprus-based Russian company and frequently go to work for our Russian office on matters related to information technology. My total income is composed of three elements: salary I receive from Cyprus, personal allowances paid by my employer for the business trips to Russia and additional remuneration from the Russian parent company for the work I perform there. How will my income be taxed in Cyprus and Russia?]]></description>
</item>
<item>
<title>Do I Have to Pay Personal Income Tax?</title>
<link>http://EzineArticles.com/6468003</link>
<guid>http://EzineArticles.com/6468003</guid>
<pubDate>Wed, 10 Aug 2011 10:09:18 -0500</pubDate>
<description><![CDATA[Question: I am Russian citizen, working on a project for an oil and gas consortium which has companies in Cyprus, Russia and Canada. Although my engagement is signed with the Cyprus holding company, I do not permanently live or work from Cyprus. In fact, I have to travel and spend time in each country for the purpose of the project implementation and supervision.]]></description>
</item>
<item>
<title>Personal Income Tax on Russian Expatriates</title>
<link>http://EzineArticles.com/6468033</link>
<guid>http://EzineArticles.com/6468033</guid>
<pubDate>Wed, 10 Aug 2011 10:02:59 -0500</pubDate>
<description><![CDATA[Question: I was working in Russia until June 2010 after which I came and started full-time employment in Cyprus. I have paid 13% Russian income tax on my remuneration in Russia. Will I have to declare and pay any income tax in Cyprus on my Russian income and on what basis my Cyprus remuneration will be taxed?]]></description>
</item>
<item>
<title>Ways for Providing Tax Efficient Savings (Part 1)</title>
<link>http://EzineArticles.com/6467945</link>
<guid>http://EzineArticles.com/6467945</guid>
<pubDate>Wed, 10 Aug 2011 09:54:27 -0500</pubDate>
<description><![CDATA[Some possible venues for putting your money for the long-term while reducing income tax, may be: contributions to approved provident fund, pension fund or term/life insurances; or any combination of them. In this article, we shall look into approved provident funds, their structure, purpose, regulations and tax benefits. A provident fund is retirement benefit schemes where employer and employee pay money.]]></description>
</item>
<item>
<title>What Is Income In Terms Of Supplemental Security Income?</title>
<link>http://EzineArticles.com/6454601</link>
<guid>http://EzineArticles.com/6454601</guid>
<pubDate>Thu, 04 Aug 2011 14:29:18 -0500</pubDate>
<description><![CDATA[In order to qualify for Supplemental Security Income, you need to be able to prove that your income falls below a certain level. Of course, the word "income" is relatively vague, and needs to be specifically defined so that individuals can determine whether or not they are actually eligible for the program. Thankfully, Supplemental Security Income has very strict parameters regarding what is income, and what parts count against eligibility for Supplemental Security Income.]]></description>
</item>
<item>
<title>American Expat Tax Returns: Take the $91,500 Foreign Earned Income Exclusion Please</title>
<link>http://EzineArticles.com/6451867</link>
<guid>http://EzineArticles.com/6451867</guid>
<pubDate>Wed, 27 Jul 2011 11:45:50 -0500</pubDate>
<description><![CDATA[American expat tax returns should include Form 2555 and/or Form 1116. Form 2555 requires that the expat live outside the U.S. and qualify under one of two tests: bona fide resident or physical presence. Read how to qualify and save money.]]></description>
</item>
<item>
<title>How To Save Money on UK Income Tax</title>
<link>http://EzineArticles.com/6428850</link>
<guid>http://EzineArticles.com/6428850</guid>
<pubDate>Fri, 22 Jul 2011 12:33:01 -0500</pubDate>
<description><![CDATA[A survey has shown that adults in the United States will waste 9.3 billion in paying irrelevant taxes this year. Experts believe that the scenario may become worse as three fourth of British tax payers have revealed to be not doing something in order to decrease the amount of taxes. Experts have given several ways to make sure that you do not pay extra amount of money in tax and how to save money on UK income tax.]]></description>
</item>
<item>
<title>Federal Income Tax Deductions 2011</title>
<link>http://EzineArticles.com/6416467</link>
<guid>http://EzineArticles.com/6416467</guid>
<pubDate>Mon, 18 Jul 2011 16:24:30 -0500</pubDate>
<description><![CDATA[Tax filing is a requirement for all American citizens who have a source of income. It can be a serious headache for those who are not knowledgeable about what is deductible and what can not be deducted on their federal income tax return. There are numerous deductible items you can take on your tax return to reduce your tax liability. These deductible items are usually filed on schedule A form 1040. Before you file your 2011 tax return find out if you may reduce your tax liability by taking qualified Federal Income Tax Deductions. It will be a good practice if you keep good records and you understand what deductions to declare and save money during tax time.]]></description>
</item>
<item>
<title>Home Businesses-Offices Offer Generous Tax Benefits</title>
<link>http://EzineArticles.com/6408820</link>
<guid>http://EzineArticles.com/6408820</guid>
<pubDate>Thu, 14 Jul 2011 15:56:25 -0500</pubDate>
<description><![CDATA[This article introduces you to the tax benefits of having a business in the home. Even if you already have a main location for your business, you may still be able to take tax deductions if you have a dedicated home office set up and do some of your administrative tasks there.]]></description>
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<title>Results of Avoiding the Offshore Voluntary Disclosure Program</title>
<link>http://EzineArticles.com/6408084</link>
<guid>http://EzineArticles.com/6408084</guid>
<pubDate>Thu, 07 Jul 2011 15:46:55 -0500</pubDate>
<description><![CDATA[If you have offshore financial activity, the Internal Revenue Service (IRS) asks that you come forward with voluntary disclosure of this information. Taxes are required to be paid on the activity and coming to the IRS voluntarily eases much of the pain on both sides to get the taxes paid and the matter closed. This is done through the Offshore Voluntary Disclosure Program that the IRS offers each year.]]></description>
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<title>Tips for Participating in the Offshore Voluntary Disclosure Program</title>
<link>http://EzineArticles.com/6408082</link>
<guid>http://EzineArticles.com/6408082</guid>
<pubDate>Thu, 07 Jul 2011 15:46:31 -0500</pubDate>
<description><![CDATA[The IRS has created the Offshore Voluntary Disclosure Program to allow anyone who has offshore banking activity to come on their own to disclose it to the IRS and to pay taxes and penalties on it. Not participating in the program could result in thousands of dollars in penalties alone and criminal charges being filed leaving you a felon. It is better to go through with voluntary disclosure than to come under the IRS's close examination process.]]></description>
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<title>How to Participate in the Offshore Voluntary Disclosure Program</title>
<link>http://EzineArticles.com/6408069</link>
<guid>http://EzineArticles.com/6408069</guid>
<pubDate>Thu, 07 Jul 2011 15:22:27 -0500</pubDate>
<description><![CDATA[The IRS has created the Offshore Voluntary Disclosure Program for all taxpayers who have offshore accounts. It allows them to report to the Internal Revenue Service (IRS) financial activity and pay the appropriate fees without having to face high penalties and criminal charges. If you have any offshore activity, then you are asked to participate in the Offshore Voluntary Disclosure Program.]]></description>
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<title>Audit Flags and How to Avoid Them</title>
<link>http://EzineArticles.com/6367085</link>
<guid>http://EzineArticles.com/6367085</guid>
<pubDate>Wed, 29 Jun 2011 15:48:56 -0500</pubDate>
<description><![CDATA[At some point in your life it is likely that you will have at least one IRS audit on your income taxes as a business owner or when working self-employed. You can minimize the chances of getting one but you should always keep proof of all your business earnings and expenditures every year and keep them for at least six years afterwards. This is considered as good accounting.]]></description>
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<title>Take a Vacation and Write It Off Your Tax Return</title>
<link>http://EzineArticles.com/6375815</link>
<guid>http://EzineArticles.com/6375815</guid>
<pubDate>Tue, 28 Jun 2011 10:53:23 -0500</pubDate>
<description><![CDATA[You may be able to deduct all or part of your vacation expenses by doing volunteering work and business travel. However, you must tread carefully and understand some key regulations put out by the IRS. The deduction must be reasonable and you should always talk to your tax adviser when planning a trip.]]></description>
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<title>Home Tax Deductions - Lower Your Overall Tax Liability</title>
<link>http://EzineArticles.com/6363299</link>
<guid>http://EzineArticles.com/6363299</guid>
<pubDate>Wed, 22 Jun 2011 09:50:24 -0500</pubDate>
<description><![CDATA[There's a lot of speculation on whether or not to buy or own a home is the right thing to do these days in light of the economic uncertainty. If you listen to Suzie Orman, she'll tell you to rent. Well, there are a lot of home tax deductions available to homeowners that you will miss if you just rent.]]></description>
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<title>How to Pay Less Taxes? These Tips Will Surely Help You Resolve Your Tax Problems in No Time!</title>
<link>http://EzineArticles.com/6363436</link>
<guid>http://EzineArticles.com/6363436</guid>
<pubDate>Wed, 22 Jun 2011 09:28:50 -0500</pubDate>
<description><![CDATA[There is nothing more frustrating than to work hard all year, pay what you think is your fair share of income tax and then turn around on April 15th and get slapped with MORE tax because you did not pay attention or find a way to pay less taxes throughout the year. Just once, wouldn't you like to know how to pay less taxes and maybe, just maybe, get a refund for once?]]></description>
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<title>Avoid Tax Problems, File Tax Returns ASAP!</title>
<link>http://EzineArticles.com/6318285</link>
<guid>http://EzineArticles.com/6318285</guid>
<pubDate>Thu, 02 Jun 2011 14:03:59 -0500</pubDate>
<description><![CDATA[Taxes are utilized to benefit the whole citizenry. Tax collections support health care services, national defense budget, social services, and many more. To ensure a balance and continuous revenue, the federal government encourages taxpayers to responsibly pay in time. Otherwise, the law imposes penalties to all non- compliant individuals.]]></description>
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<title>How to File Your FBAR and Avoid Huge Penalties</title>
<link>http://EzineArticles.com/6281386</link>
<guid>http://EzineArticles.com/6281386</guid>
<pubDate>Thu, 19 May 2011 11:54:31 -0500</pubDate>
<description><![CDATA[Do you have offshore accounts? If so, you need to file this form to avoid huge penalties.]]></description>
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<title>Making Mortgage Payments For Your Child: Can You Claim the Itemized Deduction?</title>
<link>http://EzineArticles.com/6268513</link>
<guid>http://EzineArticles.com/6268513</guid>
<pubDate>Mon, 16 May 2011 15:33:42 -0500</pubDate>
<description><![CDATA[We've been experiencing some hard times for homeowners. As a parent or a grandparent, you may have felt it necessary to help the younger generation by pitching in and paying one or more mortgage payments for them. At the same time, you may wonder if the interest that you are paying for them can be used as a deduction on your income taxes. Although this type of interest generally isn't yours to claim, there are some other factors for you to keep in mind.]]></description>
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