Earned Income Tax Credit (otherwise known as EITC) is a credit for designed for low to moderate income citizens. A tax credit reduces the taxes you own and could also qualify you for a refund. In order to even have a chance at getting this tax credit, you must file a tax return even if you don't owe the IRS a dime - and even if you're not required to file. The IRS will not come to your door saying "Hey, you've got money!"... Nope, you have to claim it. If you don't ask, you don't … [Read more...] about What Is Earned Income Tax Credit?
A great number of are drawn to the thought of running a business online through the opinion that whatever revenue attained on the web might be exempt from taxation. This however is a widespread disbelief due to the fact those who own internet businesses are still required to pay their taxes. Actually there's been a lot of controversy pertaining to internet businesses and taxation leaving many of the entrepreneurs who begun their online businesses with this particular false notion wishing they … [Read more...] about Will My Online Earnings Be Taxed?
IRS Tax Debt Relief is a situation that requires more guidance than the average tax situation. Perhaps you have fallen behind on your taxes, or have never filed your taxes before - and as a result you have accumulated a substantial amount of tax debt. This can be a real scary situation when the IRS is on your back threatening you, garnishing your wages and making your life a living hell! If you owe $5000, $10,000 or more to the IRS, then chances are high you need something stronger than a … [Read more...] about IRS Tax Debt Relief – Get The IRS Off Your Back!
As a self-employed individual/business owner, you are allowed a laundry list of business tax deductions. These are expenses that are necessary and relevant to your business tax filing. Every tax season business owners (small and large) neglect to maximize their chances of a sizable tax return because they overlook qualified deductions that they could have taken. Remember: "Uncle Sam" is not out to just give money away. But if you claim tax deductions fairly and legitimately, then there … [Read more...] about List of Business Tax Deductions