Earned Income Tax Credit

Tax Rebates Or Fiscal Discipline

Is the economic stimulus package really going to help the U.S. economy? Are the tax rebates we are receiving the cure? Is the Federal government’s efforts helping or hurting our economy?

Lower Your Home Business Income Tax

Tax time can be frustrating at the best of times. If you have had a successful year, you will have paid taxes. If you lost money because you have a new business or other reasons, then at least you have some reductions of your other sources of income and paid less tax. Nevertheless, the home business owner can start taking steps to make sure that the next income tax return does not cause any unneeded grief.

IRS Gifting Laws Revealed

Gifting is legal, under $12,000.00 even if you received separate gifts from separate people, as long as each one is under $12,000.00 and supported with a gifting statement, and a non solicitation form. The I.R.S. tax code allows it keep informed on any changes so you conform to current gifting rules within the codeEven though it is called a code it is not a secret, just not talked about a lot, I guess they don’t want too much revenue staying out there!!!

Will Your Economic Stimulus Check Be Delivered?

Show me the money…. with the opportunity to get a little something extra this year with our income tax return comes the danger of someone trying to use this opportunity to steal it, or even steal your identity through the latest in phishing scams.

Home Business Income Taxes in Canada

In Canada, self-employed people do have a little bit longer to file a tax return - until June 15. However, if you owe the government money and file after April 30th, they will start adding on the interest. As you prepare your paperwork for your tax return, here are some deductions to keep in mind.