Microsoft Losing Lawsuits Over Tax Audits
Microsoft, a sizable company with its main office in Redmond, Washington, has lost multiple legal battles with the IRS on its tax audit documents. U.S. District Judge Ricardo Martinez rendered two rulings unfavorably for Microsoft, finding that the Internal Revenue Service (IRS) had lawfully withheld 49,400 pages from publication...
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How Tax Refunds May Be Affected By Obamacare
Since Obamacare, also known as the Health Reform Act, has become effective taxpayers are wondering how their tax refunds may be affected. This article is going to go into more details as to what taxpayers can expect. What Does Obamacare Mean Obamacare means that taxpayers have to have...
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A Basic Guide to Self-Employment & Taxes
If you are self-employed, you do not have money withheld from your income before you receive it. Instead, you receive all of your money and are responsible for making sure that you pay what you owe the government throughout the year, with what is called estimated tax payments....
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The EITC Explained
When tax season rolls around it is common for individuals to want to take advantage of as many tax credits as possible. One of the commonly used tax credit is known as the EITC/EIC, which is a tax credit for taxpayers who do not make a lot of money....
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Tax Tips for Bloggers
If you are a blogger, you are still responsible for paying taxes from the income that your blog generates. Today, we are discussing some of the various tax tips that you need to keep in mind when tax season comes around. Register Your Business Correctly Before you can...
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How to Calculate Your Tax Refund
When tax season nears, it is common for taxpayers to wonder how much they can expect to be sent to them from Uncle Sam. However, many taxpayers are unfamiliar with how to calculate their tax refund. Therefore, today we are discussing how to calculate your tax refund. Check...
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Ways Your Tax Preparer Can Tell You Are Lying
An experienced tax preparer is going to know when you are providing them with fraudulent information. Today, we are going to be discussing the various ways that your tax preparer can tell you are lying. Overseas Investors Some clients will try to leave out overseas investors because they...
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How College Students & Parents Can Save Money During Tax Time
When your child starts college, there are ways for you to save money during tax time. Today, we are going to discuss some of the ways that college students and parents can save money during tax time. The American Opportunity Credit This credit allows you to take up to...
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5 Tax Myths That Can Cost You Your Hard Earned Money
Tax Myths There are so many preconceived notions or “tax myths” that many taxpayers focus on during tax season. By doing so you can end up paying too much money or not getting back the maximum amount of money that you could have received. Therefore, today we are busting...
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How Freelancers Can Get Tax Breaks for Clients Who Didn’t Pay
Working as a freelancer can be hard. Your income is not consistent and even when you send out invoices with deadlines to pay you never know whether or not a client is going to pay your invoice on time or at all. However, the good news is freelancers can...
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