All posts by tradmin

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THE IRS ARMY

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This week the federal department of management and budget released its annual report. In the report they estimated that it takes American 8.9 BILLION man hours annually to prepare and file federal tax returns. This is the equivalent of 4.3 million people working full time year round. In comparison the United Stated armed forces combined […]

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Charitable Contributions

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Whether you are giving to a religious organization, for medical research to find a cure or to save the elephants, you need to remember certain guidelines if you expect to take a deduction on your tax return. You can make your donations in cash or by check, credit card or payroll deduction. But where a […]

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Taxpayers Bill of Rights

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Taxpayer Bill of Rights: #6 The Right to Finality                                                     Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the Internal […]

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YEAR END TAX SAVINGS IDEAS

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Tax Savings Ideas are Still Available As the end of the year approaches, there is still time to make moves to manage your tax liability. Here are some ideas to consider before the glitter ball drops in Times Square.   Maximize your retirement plan contributions. This includes IRAs and 401(k) plans at work. Given the […]

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IRS Warns Taxpayers to Guard Against New Tricks by Scam Artists

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Following the emergence of new variations of widespread tax scams, the Internal Revenue Service has issued another warning to taxpayers to remain on high alert and protect themselves against the ever-evolving array of deceitful tactics scammers use to trick people. These schemes — which can occur over the phone, in e-mails or through letters with […]

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Tax Tips for Starting a Business

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When you start a business, a key to your success is to know your tax obligations. You may not only need to know about income tax rules, but also about payroll tax rules. Here are five tax tips that can help you get your business off to a good start. Business Structure.  An early choice you […]

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Back-to-School Reminder for Parents and Students: College Tax Credits for 2015 and Years Ahead

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With another school year just around the corner, now is a good time to see if students will qualify for either of two college tax credits or other education-related tax benefits when they file their 2015 federal income tax returns. In general, the American Opportunity Tax Credit or Lifetime Learning Credit is available to taxpayers who pay qualifying expenses […]

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