Tax Articles & FAQs
- Accounting Terms Every Businessperson Should Know
This glossary of accounting terms will get you up to speed if you're new to business. - Business Income Defined
There are many different kinds of business income, and almost all of them are taxable. - Can You Claim Your Partner as a Dependent on Your Tax Return?
There are five tests you must meet to claim your partner as a tax dependent. - Current vs. Capitalized Expenses
When you may deduct a given expense depends in part on whether it is considered a current or capital expense. - Cut Taxes With Corporate Income Splitting
You can reduce overall income taxes by taking advantage of lower corporate tax rates. - Estate and Gift Tax FAQ
- Filing a Tax Return When You Live Outside the United States
The long arm of the tax code does not stop at the U.S. border. - Filing and Paying Late
The penalties for filing or paying your taxes late, and how to request an extension. - How Corporations Are Taxed
Learn the benefits and drawbacks of corporate taxation before you decide how to structure your business. - How LLCs Are Taxed
LLC owners report business income and losses on their personal tax returns. - How Partnerships Are Taxed
Learn the essentials of this complicated subject before you file your tax return. - How to Reduce the Chance of an Audit
Here are some suggestions to help you file a return that won't raise any audit eyebrows at the IRS. - IRS Installment Payment Plans
If you can pay your debt over time, an installment plan may be the right solution. - Keeping Tax Papers
Keep anything related to your tax return for at least three years after you file. - Reducing Estate Tax by Making Gifts
Making gifts during your life can provide you with tax savings and more. - Reducing Estate Taxes by Transferring Ownership of Your Life Insurance Policy
Lower your beneficiaries' estate taxes by not owning your life insurance policy. - Rules of the Game -- Tax Laws
Tax code, regulations, rulings and court cases: why we need them all. - Self-Employed as Audit Targets
The IRS keeps a close eye on self-employed individuals. Here's what it looks for. - Small Business Taxes FAQ
- State Start-Up Requirements
Yet another governmental level to deal with. - Tax Bill FAQ
- Tax Breaks for Selling Your Home: Read the Fine Print
If you sell your home, you may exclude up to $250,000 of your capital gain from tax -- or up to $500,000 for married couples. - Tax Collections Survival Tips
The IRS has far greater powers than any other bill collector, but you still have rights. - Tax Returns: If You Haven't Filed in a While
- Ten Tips for Financially Troubled Businesses
If your company is facing financial difficulties, read these tips to keep out of trouble with the IRS, bankruptcy courts, and your bank. - The Estate Tax Is Dead (Maybe)
The estate tax will be fully repealed by 2010 but may come back in 2011. - The Home-Office Tax Deduction
Running a business from home can help you lower your tax bill. - Top Ten Deductions for Your Business
Deducting expenses can save you money. - Understanding Small Business Tax Deductions
You can reduce your business taxes by deducting most of what you spend. - Using Life Insurance to Provide for Your Kids
Life insurance may be a good source of income for your children if you die. Here's what you should know. - What Auditors Look for When Examining a Business
Know what an IRS auditor looks for when examining your business and its records. - Your Home as a Tax Shelter
Not just a shelter from the elements, your home also serves as a valuable tax shelter.
