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Taxes : Business & Finance

Are Long Tax Gains Deductible for Short Gains?

The rules for netting out capital gains and losses on your tax return are relatively simple. There are instances where you can net a long-term gain or loss against a short-term gain or loss, as long as you follow the netting procedure in the proper order as mandated by the IRS. The ability to net ou

A Unique Naperville Accountant

For our business clients, our Naperville accountant team can be trusted to handle your accounting.Whether tax preparation for your non-profit or strategic planning for your start-up, our experienced team is excited to customize a solution to your specific needs.

How to Give Yourself an Economic Stimulus Tax Rebate

There has been plenty of coverage on the news about Obama's economic stimulus tax rebate for workers. It is a great way for hard working individuals and families to see a little extra cash on their checks. However, did you know that if you normally receive a tax rebate check each year, you could hav

Tax Credits for Legally Blind People

People who are disabled or blind often receive additional reductions to their taxable income that could result in heftier refunds at tax time. This happens because the government uses the tax code to lessen the tax burden on certain classes of people. In most cases, however, you cannot rely on the I

Who Qualifies for the Earned Income Credit on Their Taxes?

Before a taxpayer claims the Earned Income Tax Credit, he must qualify to take the credit. Income, investment income and residency are considerations. Other requirements must also be met before a taxpayer can claim the credit. Claiming a credit that a taxpayer is not entitled to can result in a susp

The Advantages of the Roth Tax Deferment

To encourage savings for retirement, Congress enacted the Employee Retirement Income Security Act in 1974, which established individual retirement arrangements or IRAs. This allowed individuals to contribute a part of their earnings to a retirement fund, while reducing taxable income by that contrib

What Requires a Tax Attorney

Even though the IRS would really like you to reckon that tax laws and regulations are monochrome, they truly are not. A tax attorney is aware of this and will make certain that those numerous hues of gray function for your benefit by utilizing loopholes and a finer, present comprehension of tax laws

How IRS Audits Work

The process of selecting a return for an audit usually occurs in one of two ways.

Easy Tax Deductions

Not a year goes by that the IRS doesn't report the numerous blunders created by taxpayers on their income tax returns. But arguably, an even larger blunder is how most of us don't know about the most common deductions--easy deductions that can save you money.

How to Use an LLC to Hold Real Property

The S Corporation used to be the entity of choice for real estate investors. The rise of the LLC in general has many people rethinking that choice. This article explains why the LLC is a fantastic choice for holding real estate and how to do it.

Is Fencing Your Yard Tax Deductible?

The Internal Revenue Service defines rules governing the deductibility of expenses. When deciding whether fencing your yard is tax deductible, taxpayers must evaluate how the fence is used. If your yard requires a fence for a legitimate business purpose, claiming a tax deduction for the fence is str

Searching a Tax agent in Melbourne

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When You Work For Yourself - Make Sure You Save Enough For Taxes

Many people, even people that have a strong and reliable income from a job that is stable and not going anywhere, require a little bit of extra money on the side to make ends meet. It's not that they need to have an entire second job, one with set hours where they work for an entirely different

Special Way Of Filing Taxes By Companies Quickly

Filing of taxes according to current rules of taxation requires knowledge and experience in this field. The processes are complicated and lengthy for companies. It becomes even more difficult due to presence of large number ...

IRS Tax Relief- Choosing IRS Tax Relief Help

The companies offering IRS tax debt relief have undergone dramatic growth over the past years. Numerous Americans struggling with tax burdens seek professional help in solving their IRS tax related issues. Lately, numerous of the ...

How To Be More Tax Efficient As a Contractor

Are you Self-Employed, a Contractor in the IT, Banking, Accountancy, Engineering, Project Management, Oil, Gas, Sports, Media or Medical Sectors? Are you a Dentist, Radiographer, Osteopath, Chiropractor, Geologist, Producer or Director? Woukd you like to ...

Homestead Rules in Texas

Many states established homestead rules to protect individuals from having their residence seized to pay debts from creditors. A Texas homestead can include a separate structure, condominium or manufactured home, if placed on land owned or leased by the claimant. An urban homestead includes surround