Dealing with IRS and other Tax Audits

It’s one of those fears that bog the minds of rich people and even ordinary taxpayers—getting audited by the IRS. But what are the chances that you’ll be audited by…

Tax Deduction Strategies for Small Businesses

Tax Deduction Strategies for Small Businesses

As a small business owner, you can utilize a proactive approach and seize all opportunities available for conducting tax deductions as provided for under the law. Overlooking certain crucial write-offs…

Understanding Depreciation For Taxes

Understanding Depreciation For Taxes

Depreciation is a market term used to signify the fall in value of a commodity or a market in a bigger context. Generally, depreciation is observed over a period of…

Tax Amortization Deduction Benefits

Tax Amortization Deduction Benefits

What is Amortization and how it works ? Amortization is a system of deducting certain capital expenses over certain duration. In other words is a way of recovering the cost…

Understanding Depreciation For Tax Filings

Understanding Depreciation For Tax Filings

The field of commerce is vast and people tend to analyse every single monetary attribute by using the definition used in this field. Depreciation is a market term used to…

Saving For College: A Parent’s Guide To Federal Tax Incentives

Saving For College: A Parent’s Guide To Federal Tax Incentives

When your child receives the college acceptance letter in the mail from their dream school, the only thing that could make you happier is knowing that they will have the…

There Is Still Time To Cut Your Taxes!

There Is Still Time To Cut Your Taxes!

Even though the tax year is over, you still have opportunities to reduce your 2013 taxes.  Many strategies for tax planning need to be done by December 31st; however, there…

Tax Provisions That Expire In 2013

Tax Provisions That Expire In 2013

There are many tax provisions that are scheduled to expire at the end of 2013. You should consider taking advantage of these provisions while they exist. Tax Breaks For Individuals…

Avoiding IRS Tax Audit This Year

Avoiding IRS Tax Audit This Year

There are many things that seem to raise the red flag every time a tax return goes to the IRS. This article is going to point out some of the…

How To Deduct Commuting Cost ?

How To Deduct Commuting Cost ?

Have you thought about deducting your commuting expense?  Most of us living in Bay Area drive a long distance to get to work and would love deduct our growing commuting…