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?
There are many tax deductions that people miss out on during tax season. The following infographic is a visual checklist to highlight tax deductions & credits that you may be eligible for. Note: Although this chart is dated 2012, many of the deductions still remain valid for the 2016 tax season. (Click to Enlarge) … [Read more...] about Infographic: Tax Deductions Checklist
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
How much money do you have to make to file taxes?... What is the minimum income to file taxes?... These types of common tax questions have been asked over & over again on search engines and message boards all across the web. It's a Good Question with Multiple Answers. Read on... This article is for US taxes. The requirements will vary depending on 3 Major Factors: Your Age, Filing Status, and Type of Income You Receive. For example: At the end of 2016, if you were single and under … [Read more...] about How Much Money Do You Have to Make to File Taxes? (2016 Tax Return)