Who's Afraid Of The Big Bad IRS?

Why are you so scared of Uncle Sam?

Income from Work as a Notary Public is Exempt from the Self-Employment Tax

The work of notaries public is in high demand. Every real estate closing or refinancing requires a notary to attest to many signatures. Although income from work as a notary public is subject to income tax, it is exempt from the self-employment tax.

Taxpayer Advocate – Customer Service at the IRS

Every business has a department that deals with complaints from customers. At the IRS, this department is known as the taxpayer advocate office.

Marriage and Taxes

Getting married is the greatest day for 50 percent of couples. The other 50 percent get divorced. Perhaps the marriage tax penalty has something to do with it.

Tax Accounting

Accounting is the recording, interpretation and reporting of financial transactions. Each and every business must keep proper record of all such transactions. There are several branches of accounting such as financial accounting, managerial accounting and tax accounting.

How To Reduce The Chance Of An Audit By Over 50 Percent

Looking for a way to significantly decrease the chance of an audit?

The IRS Levy and Legal Powers of Garnishment Defined

The Financial Management Service (FMS) is a bureau of the Department of the Treasury, to provide a centralized debt collection service to most federal agencies. The FMS has begun utilizing two Congressionally mandated federal debt collection programs. One is devised to collect delinquent non-tax debt by neutralizing federal payments and the other is to collect delinquent tax debt from those individuals who receive federal payments.

2006 List of Tax Scams Released by IRS

Every year, the IRS issues a list of tax scams. The goal is to alert taxpayers to the lack of merit of certain strategies as well as letting everyone know the IRS will not accept them.

Tax Time - Top 10 Tips to Assist in Tax Preparation

The Super Bowl's over and it's about that time to take a long, sober look at what we may/ may not owe Uncle Sam. That's right - it's tax time again. So, here are 10 valuable tips that should help to make the task of tax preparation a little less onerous.

File Returns Without Form 1099s

If you received interest or dividend income, sold stock or worked as an independent contractor in 2005, you should receive some version of the IRS Form 1099 to help you in completing your tax return.

5 Reasons To Choose An Enrolled Agent Tax Professional

There are many types of tax professionals who can prepare your taxes. What difference does it make whom you choose? It makes a lot of difference. As a consumer your goal should be to NOT overpay for professional tax services by getting those you don't need, and don't under pay for a professional, that is, use one who cannot address your concerns.

In 2005, IRS Was Bold, Aggressive and Relentless

Recent data released by the IRS shows that the tax-collecting agency was particularly aggressive in 2005. Collections, document-matching and audits are all up over last year

1031 Exchange

Section 1031 in the Internal Revenue Service is a boon for a prospective investor, selling an investment property and wanting to make a profit by reinvesting in a similar property elsewhere in the country. This wonderful concept works on the principle of gain rolling from the old to the new.