The IRCS1031 Tax-Free Exchange - Calculating the Basis of Replacement Property

This article provides a very brief introduction to two different methods and approaches for the computation of the basis of replacement property receive in an Internal Revenue Code Section 1031 (IRCS1031) exchange.

Tax Preparation and Filing Online

Using the internet to file your taxes online is a convenient way to complete your tax return. If you are thinking about preparing your taxes online this year, then don't worry because it's easier than ever. Here is a quick guide to help you get your tax preparation and tax filing online done fast and easy.

An Instant Pay Raise Can Help Your Spouse Stay Home With the Kids!

Over 70% of American families have two bread winners. But often the second breadwinner is not bringing home enough to make it worthwhile, particularly if the trade off is putting the children in day care. The author analyzes the typical two income family situation and proposes a solution that will allow many spouses to stay home and get paid by the IRS.

Secrets of Offshore Banking

Discover the secrets of offshore banking and incorporation. Is it legal?

Home Improvements Qualify For Tax Deductions

It is very important that home owners are aware that improvements to their homes will qualify for tax deductions. However, it is critical to understand what qualifies as an improvement, and what is simply considered a repair.

IRS Issues Proposed Regulations For Tax Treatment Of Private Annuities

The Department of the Treasury and the Internal Revenue Service proposed regulations that would address the tax treatment of an exchange of property for an annuity contract. The proposed regulations would apply the same rule to exchanges for both private annuities and commercial annuities.

Cut Your Taxes And Receive a Larger Refund - Start A Home Based Business

Did you know that nearly 50% of an employee’s income is paid to the government? Employees basically work to pay the government from January to mid May in the form of taxes. There is a legitimate way to cut your taxes and receive a refund check.

As a Bookseller Don't Risk Being Accused of Cheating on Your Taxes

Since the inception of the various online marketplaces for booksellers there has been a lot of abuse with respect to the reporting of both federal and state tax obligations; don't be fooled, the authorities do have ways of finding you out.

How Long Does the IRS Have to Collect Taxes From You?

IRS can extend the ten-year period by suing you in federal court. This does not happen very often, so I am told.

Who Hates Taxes?

I would love to pay a lot of taxes, A LOT! Crazy you say, well the reality is unless I am going to dodge the law and take my chances I am going to have to pay taxes.

IRS and Private Debt Collectors

The terror of most Americans is to be hunted by the IRS for overdue taxes. Well, the terror has evolved a bit as the IRS is now using private debt collectors to do much of the work.

Start a Home Business for Tax Purposes

If you use a part of your home for business, you may qualify to deduct costs related to your home office, including rent, heat, electric, telephone, insurance, utilities, maintenance, repairs and so-on.

IRS Goes To Ebay

The IRS has set its eyes on a new source of revenue -- online business.