Lower Your Taxes With These Trump Tax Strategies Even If You Are A Biden Supporter President Trump’s Taxes made the news a few months ago, when the New York Times reported that Trump had only paid $750 in taxes the year he was elected and the year after. They also reported that he paid no […]
5 Tax Tips for The Self-Employed
Tax time can be extra taxing for the self-employed. What really do you count as income? What can you deduct as expenses? And why do you have to pay self-employment tax? Here are a few tax tips to help you prepare your self-employed tax return. 1. What is Self-Employment Income? Self employment income can be […]
Taxes are Illegal?
The man sitting across my desk had been a client for years. He had come in to tell me that he would not be using my services ever again. “Why?”, I asked. He had found a lawyer who had told him that income and social security taxes were illegal. All my former client needed to […]
What To Do When You Can’t Pay Your Taxes
April 15th has arrived, and you don’t have enough money to pay your taxes. What are you going to do? First of all, don’t panic. You are not alone. Every year thousands of people come up short when it comes time to pay the IRS. Here is what you can do when you can’t pay […]
Over $1 Billion in Refunds Available
Have you filed your 2005 Income tax return yet? That is not a typo, I am asking about your 2005 tax return, not your 2008. The reason I am asking, is because I don’t want the IRS to be able to keep over a billion dollars in uncollected refunds. (Of course, used right that might […]
Tax Deductions for Your Online Business
Last year I wrote a post called 101 Tax Deductions for Your Online Business. I was looking it over today, and thought I would point out a few of my favorites. #10. Business related webinars and seminar fees. This is one of my all time favorite deductions, because I love to travel, and I love […]
Help From the IRS for Struggling Home Owners
Many years ago I was doing a tax return for a couple who had had quite a few major financial setbacks the previous year. They had just barely managed to stay in their home. They had avoided foreclosure because their lender was willing to work with them. Their loan had been totally redone and the […]
You Don’t Have to Pay Taxes… Or Do You?
I was on a forum, and there it was. A poster declaring that you don’t have to pay taxes, that taxes are illegal, just watch this video and it will explain everything. I didn’t watch the video, I’ve seen too many of them I know how it goes. There will be a discussion of how […]
Where is My IRS Stimulus Payment?
You might actually be looking for Q&A on The 2020 Stimulus Payments. This post is an old post on the 2008 rebate checks. It is interesting to see the differences! The IRS Stimulus payments are going out. Most single people are getting $600, married couples are getting $1,200 and there is an extra $300 per […]
Tax Freedom Day
This year Tax Freedom Day arrived on Wednesday, April 23, 2008. What is tax freedom day? That is the day that Americans stop working for the government, and start working for themselves. Just think about it, all the money that you have earned up until last Wednesday, went to pay taxes. Not just federal income […]