Deducting "Commuting" Expenses With a Home Office
Most business owners have an office, workshop, store, lab, or other principal place of business where they work on a regular basis. Unfortunately, you...
The Actual Expense Method for Deducting Local Business Travel
Instead of using the standard mileage rate to deduct your local business travel, you can choose the actual expense method to deduct the cost of using ...
The Home Office Deduction
If you work from home, the federal government will help you out by letting you deduct your home office expenses from your taxable income. This is true...
10 Common Overlooked Tax Deductions and Credits
Making Work Pay credit. Use schedule M to claim this credit equal to 6.2% of your earned income, capped at $400 or $800. This credit gets phased...
Tax Laws on Educational Expense Deductions
One of the great benefits of going to school to gain a college education is that you can deduct many tuition expenses thru various programs created ...
IRS Offer in Compromise
There are some circumstances under which you may be able to settle your tax debt with the Internal Revenue Service (IRS) and actually pay substantia...
First Time Home Buyer Tax Credits
The First Time Home Buyer Tax Credit has been getting a lot of attention in the news recently. As part of the American Recovery and Reinvestment Act...
Tax Collection Help
If an individual or business is found liable for owing a tax debt to the IRS or state tax authority, the taxpayer may be subject to the tax collecti...
Tax Debt
Tax debt results from deficiencies in the amount of taxes paid by an individual taxpayer or a business for any given taxable year. If and individu...
Settling Tax Debts
An Offer in Compromise or a settlement offer is a formal way to negotiate tax debts with the Internal Revenue Service. It is a lengthy and time-...
Income Tax Debt
Income tax debt is that debt which arises due to unpaid State and federal income taxes and the associated penalties and interest on the debt and fee...
Back Taxes
For taxpayers who owe delinquent taxes, the prospect of contacting the Internal Revenue Service (IRS) in order to settle the matter can be quite dau...
Penalty Abatement
It is no secret that the Internal Revenue Service (IRS) assesses substantial civil penalties, fines, and interest when taxpayers violate the federal...
