By Manuel Davis Jr.

If you are facing a tax lien by the IRS it is important to know that this will stay in place until you pay what you owe, or until you setup some sort of agreement. No matter what, the last thing you want to do is leave a tax lien in place. This is a big mistake, and messing with the IRS is not in your best interest. Fortunately, there are many ways that you can release a tax lien. If you are unsure of all your options, and which one may work best for you, you should begin to look into your situation. Read more »

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By Joel Hesch

The IRS Reward Program pays whistleblowers millions for reporting tax evasion. The timing of the new IRS Whistleblower Reward Program could not be better because we live in a time when many Americans are struggling financially. Unfortunately, 10% percent of companies and individuals are adding to our misery by skipping out on paying their share of taxes. Read more »

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By Rick Goldfeller

Capital gains tax is also one classification in the tax laws. If you had a transaction qualified in the category, you better pay your obligation to the government. Actually it is a voluntary act which is paid only when a capital asset is sold. Taxpayers can legally avoid it if they will decide to hold their properties. You can be taxed on the transaction if you sell the property at a price higher than the purchase price. You might be wondering what capital assets are. For tax purposes, these are properties not usually used in the normal operating cycle of a business. Read more »

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By Wayne Davies

Did you know that the IRS has made it significantly easier to make your federal tax payments on time?

Let me introduce you to EFTPS – the Electronic Federal Tax Payment System. It’s been running along quite smoothly for many years now, and if you’re not using it, here are six compelling reasons to sign up today. Read more »

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Author: Rick Reed

It is tax time again and most people don’t realize there is a great opportunity to get refunds and generate found cash flow at the corporate, business and individual levels.. Instead of waiting for the dreaded March and April deadlines, it is important to consider getting your tax returns done early this year. Read more »

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Author: Rick Reed

As we come to the conclusion of 2008, many businesses have lost money in this year. The economy for 2009 looks very volatile and some industries may start to recover in 2009, while others may take a little longer. One positive area to bring to the table is that the price of oil has decreased significantly and regular gas prices have come down below $2.00 or so per gallon depending upon your location. Read more »

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By Jerry Robkoff

Being self employed has always held certain advantages, when it came to tax time. However, if you’re a salesperson, you can also take advantage of various avenues to help reduce your tax bill to Uncle Sam. Read more »

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By Wayne Davies

Do you wonder whether the IRS views you as a sole proprietor? Then you came to the right place. Step right up and get an answer to this all-important question.

According to the IRS, a sole proprietor is someone who owns an unincorporated business by himself or herself. There are two key words in that definition. Let’s unpack them both. Read more »

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By Mary Theresa McLean

Record every transaction — gigantic or small, daily.

It’s the little, everyday things in daily business operations that cause BIG things to happen. The same thing holds true for recording sales and expenses, even the token ones. Keeping a record of all transactions, even tiny ones may seem to take effort but oh, how they save huge chunks of time, especially when you are pressed to come up with an answer on short notice. Read more »

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By Wayne Davies

April 15 is not the only critical tax deadline. If you are a small business owner with employees or independent contractors, January 31 is an important tax deadline you cannot afford to ignore. Read more »

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