Facing a Giant
If you have ever experienced an audit by the IRS or had your tax deductions denied you have probably experienced the powerless feeling of being up against an impossible opponent. You may have taken some initial steps to appeal the decision, but then fell short of a victory and decided to concede to [...]
Posts Tagged ‘tax deductions’
Taking on the IRS and Winning
It’s Time to Think about Taxes Once Again
Lowering your tax liability
Industry analysts are predicting that a tangible change in the economy won’t be seen until mid-2010, but there are still some things you can do to lessen your tax liability this year.
• Increase 401k contributions. Any money you are allowed to pay into a 401k lowers your tax liability. Taxpayers can add [...]
Most Home Based Businesses Qualify for Tax Deductions
Economic recession has forced many people who have been laid of to go in business for themselves. If you have recently started a home based business then you might not be aware of tax deductions that apply to you. Your business can be located in an apartment, condo, mobile home or a boat and still [...]
Charitable Donations and Tax Deductions
Charitable giving is a very good way to help non profit organizations and, at the same time, help your finances. A qualified donation is tax deductible. Whenever you donate to a non profit organization, you need to make sure that it is a qualified organization so that the amount you give will be tax deductible [...]