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Listing of Articles in Home | Finance | Taxes

 
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  • Why Income Tax Hurt Income Earners And Workers  By : Jim Thio
    All wealth redistribution comes in the form of the equivalent of tax and welfare. However, you need to be careful. Incorrect taxation schemes can result in less wealth for you. You see, by reading this website I would suppose that you’re poor or middle class wanting to skyrocket your income, right. Rich means owning a lot of money. If you’re poor and would want to get rich, you need to have a lot of income. So will income tax help? No! Abolish income tax.
  • An Investor's View of The Fair Tax: A Resolution  By : Steve Selengut
    A Government that bemoans the population's low savings and investment rates has only itself to blame, and Wall Street Institutions are happy to exacerbate the problem with their own financial pandemic of products, strategies, and tax deferral/avoidance schemes. It's time to reinvent this wheel!
  • Tips For Preparing Your Taxes from the Internet  By : Cal Golden
    When it comes to preparing our taxes, many of us could use some help. The following websites offer guidance and information that may assist you in learning about how to get the most out of filing your returns.
  • Obtaining a Federal Income Tax Refund  By : Keith Hoyng
    “You’re getting an income tax refund”! Those are the words that every taxpayer would love to hear. A federal income tax refund occurs if the tax you owe is less than the sum of the total amount of refundable tax credits claimed and the total amount of withholding paid. For many individual taxpayers those federal tax refunds can be obtained through Earned Income credit, a real refund of overpayment of tax, or through an overpayment from previous years.
  • Use Child Tax Credit for Tax Savings  By : Keith Hoyng
    Now, here’s a real tax savings to the individual taxpayer with dependents. The child tax credit is a direct federal income tax credit based on the number of dependent children in your family. This federal tax credit is available to provide credit to taxpayers with income below certain established levels.
  • Education Tax Credits for Higher Education  By : Keith Hoyng
    Is higher education costing you a fortune? There may be a way to help pay for those costs with the help of education tax credits. What are education credits, who is eligible, and why should we take them? Well, let’s start with the first part of the question, and work our way to the end. Education credits are tax credits available for qualified education expenses paid by the taxpayer in the furthering of their education.
  • Stupidest Tax Mistakes To Avoid This Time Around  By : Paul Wilson
    As the season to fill tax returns and forms approaches people get confused and nervy. The IRS dons the role of a huge brooding monster that is all set to devour you. Unfortunately most of us keep postponing filing of papers and putting our affairs in order until the very last minute and then confusion and stress reign supreme.
  • Giving To Charities – Tax Deductions and Such  By : Richard A. Chapo
    The tax code in the United States contains many provisions to promote certain behavior. One area of behavior is the promotion of giving to qualified charities.
  • Tax Deductions for Your 2005 Hybrid Automobile  By : Richard A. Chapo
    With the recent push by President Bush for alternative fuel strategies, much confusion has arisen regarding tax incentives for hybrid vehicles. This article clarifies the issue for you.
  • Tax Incentives for Saving for Education  By : Richard A. Chapo
    Recent statistics show Americans are simply not saving money for the future. To encourage savings, the government has come up with tax incentives.
  • Do You Pay Taxes On eBay Income?  By : TimKnox
    Last week's column on whether you were required to report income earned from eBay sales to the IRS sparked a number of additional questions and comments from eBay sellers who were hoping that I could somehow validate that their eBay activities were mere hobbies instead of actual businesses and therefore not susceptible to IRS taxation.
  • Taxing Your eBay Profits  By : TimKnox
    As a small business person-slash-advice columnist I dread the first quarter of the new year. Not because in my mind my own business fortunes start at zero again every January or because I have already dismissed every New Year’s resolution I made when the clock rang out the New Year. No, the reason I dread the first quarter of the new year is that my email box floods with questions about business taxes and the IRS, my two least favorite subjects on earth. It’s not that I am opposed to paying my fair share of business taxes.
  • Navigating The Internet Sales Tax Laws  By : TimKnox
    Internet sales taxation has always been a hot topic for those of us who make our living selling goods and services online. One of the more controversial points is that no one, including our own government, has a clue how to implement a fair and logical Internet taxation process.
  • Home Business Tax Deductions  By : Vincent Murphy
    If you are running a home business, it is important to remember that there are tax deductions for you when tax season rolls around. Of course, you do not want to try to fool the IRS (no one wants to run the risk of being audited!), but you do want to take advantage of those deductions that are rightfully yours.
  • What Is The Fair Tax And Why Should You Care?  By : Doug Smith
    The U.S. Federal Income Tax Code is a tax on the income of American companies and citizens enacted by the government. The U.S. Constitution gives Congress the power to impose taxes, duties, imposts, and excises.

    The purpose of the Tax Code is to provide income for the operation of the government. The Tax Code is found in Title 26 of the U.S. Code of Federal Regulations (CFR).

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