Articles on Taxes

Clever Tax Move for the Un- and Under-Employed

There are a lot of people who used to have a good-paying job but who have been unemployed or underemployed for more than a year. If you're one of those people, here's a clever tax

Can You Settle Your Old IRS Debts?

Not filing your income tax is a debt that will not go away quietly. The IRS has options if you owe back taxes where you may be able to settle your debts.

Outright.com Giving Away $2,000 to Wise Bread Readers

To enter the contest, simply leave a comment on this post on a very interesting (and hotly debated) topic. There are special prizes for Facebook and Twitter users as well!

Best Money Tips: 16 Ways Not to Blow Your Tax Refund

Welcome to Wise Bread's Best Money Tips roundup. Today, we share the ultimate guide to greening your home, 14 gadgets that may or may not be green, and 16 ways to NOT blow your

Accountable Plans Are Win-Win Taxwise

There’s a way to pay for your company's travel and entertainment costs without resulting in income to your employees or payroll taxes for the company. It’s called an “accountabl

Don't Have Enough To Pay Your Taxes?

What do you do when you finally get all of your information together to file your income taxes, and you find out you actually have to pay taxes?! For people who don't have enough m

Warning: TurboTax Missing Minnesota Tax Info (Updated With TurboTax Response)

If you are a Minnesotan: When TurboTax completes your M1PR Property Tax Refund, between lines 10 and 11 you need to fill in your property tax ID and your county. TurboTax online do

Top 10 Real Estate Tax Write-Offs

Top 10 real estate tax write-offs for landlords and real estate investors.

The Legal Way to Avoid Getting Taxed on Your Investments

Investing in stocks that pay dividends doesn't mean you have to worry about the government taking a huge bite out of your gains. There are perfectly legal ways to invest in dividen

Cash vs. Accrual and Why Accounting Matters for Taxes

When you're running a small business, the decision on which accounting method you're going to use makes a big difference.

Independent Contractors vs. Employees: Keeping Them Straight

Who the IRS considers an employee and who it considers a contractor doesn't always match what a business owner might expect.

How to Choose an Accountant for Your Small Business

The role of an accountant doesn't have to be limited to tax preparation. He can be a valuable adviser for your business year round. Here are some things your accountant should b

Tax Breaks for Going Green

With the many tax deductions and credits available to business owners, making your company more sustainable can pay off when you do your taxes.

How to Deal with Audits

Just the idea of having a problem with the IRS is enough to worry many business owners. The tax system can be difficult to deal with even at the best of times. When something go

When Is Lunch Deductible?

There are many situations in which your lunch isn't deductible, even if you're eating it at your desk. Knowing the difference can make a big difference in your tax burden.

Online Tax Payment and Filing for Small Businesses

The IRS wants businesses to pay their taxes online, as well as file their taxes online. It's faster, eliminates the need for the IRS to have people open envelopes and process pa

How Will the Obama Middle Class Tax Credits Benefit You?

This week President Obama is announcing several tax credits for the middle class in his State of the Union speech. Here are some of the details on what the proposals are, and how t

Simple Tax Strategies to Maximize Your Tax Refund

We’re nearing the thick of tax time, and I’m sure the first thing on your mind (I know it’s on mine) is “how much money am I getting back?” and “what am I going to use the money fo

Best Money Tips: 5 Beloved Tax Perks with Ugly Downsides

Welcome to Wise Bread's Best Money Tips roundup. We look at five yummy tax breaks that could have dire consequences, how to make the most scrumptious Italian beef stew, and how

How to Deal with Tax-Deductible Receipts Quickly and Easily

How do you deal with tax-deductible receipts that you collect on the fly? Are they stuffed into your wallet until it becomes so distended that you are forced to do something abo