Articles on Taxes

Last-Minute Business Tax Deductions for 2010

Financial professionals share the best ways to take advantage of great tax deductions before the year's end.

Tax Planning: 5 Things to Do Before the End of the Year

There's a mere month left to 2010; learn what you should do now to maximize your tax savings.

6 Indirect Ways Taxes to the Rich May Hurt You

Should we extend the tax cuts for the rich? This may affect you more than you think, even if you aren't making $250,000 yet.

New Tax Breaks for the Swift

The Small Business Jobs Act of 2010 created new opportunities for businesses to save on their taxes in 2010 and beyond. Here are some actions that can prove beneficial to you.

The Expiring Bush Tax Cuts: What’s the Fuss?

Given the continually fragile state of the economy and enormous budget deficits, should the tax cuts be extended or should they be permitted to expire?

What’s Tax Deductible for Your Next Business Trip?

The IRS have set out some pretty specific guidelines as to what's tax deductible for your next business trip.

31 Small Business Tax Deductions

Not deducting all of the expenses that you are allowed leaves money on table. Use the following checklist of rules to reduce your taxable income as much as legally possible.

Tax Rules You Should Know About for 2011

There is an enormous amount of uncertainty about federal taxes for 2010 and 2011. Amid this uncertainty, there are some new rules that will take effect in 2011.

Resolving Tax Issues with the IRS: 5 Outcomes You Can Expect

If you move quickly on a tax dispute, you can typically reach one of these five outcomes.

Tax Breaks for Booming Businesses

f your business is booming, take advantage of tax rules to make sure that Uncle Sam doesn't earn more than you do from your efforts.

4 Tips to Get the Most From Your Tax Planning

Most entrepreneurs and business owners do not engage in tax planning in a meaningful and high-impact way. Here are 4 tips to help.

Paying Your Attorney: What’s Tax Deductible?

Not all legal fees are immediately tax deductible. The tax treatment of legal fees usually depends on what you incur them for.

IRS Wants Its $7 Billion From Independent Contractor Misclassifications

The contractor model is particularly appealing in a down economy. However, what seems like a great way to save money may be costly if it's determined that your contractors are m

Minimizing the IRS' Share of a Sale

There are ways to minimize the tax burden that goes along with selling a business, allowing you to keep more of the money you've earned over the years.

Best Money Tips: Tax Day Freebies

Welcome to Wise Bread's Best Money Tips roundup. Today, we give you some tax-time freebies to

Worried About an Audit? Six IRS Red Flags

Is your tax return a magnet for an IRS audit? Find out the 6 things that draw the attention of the IRS and what you can do to minimize your chances of getting audited.

Save on Last Year's Taxes Right Now

You can still save on last year's taxes right now, if you still haven't filed your income tax return yet.

Health Care Reform Means Big Tax Changes

While health care reform aims to lower the cost of coverage, small business owners will likely see premium increases and higher tax costs. Here are some of the key provisions fr

How Health Care Reform Will Impact Your Small Business

The new health insurance reform legislation adds both new requirements and perks for small businesses.

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