Each year, small business owners start thinking about tax time, tax returns, profits, losses and the materials they need to gather together to get the job done. A stressful time for any small entrepreneur! Here, Bright Hub experts have pulled together a collection of resources to aid your tax woes.
As the tax filing season in 2012 comes upon us, you might want to brush up on your knowledge of tax laws. Take this test to see how much you need to brush up on how the current IRS regulations will affect you.
No matter what type of tax questions you have–common scenarios or something far out–we’ll try to have the answers at your fingertips. We all know how expensive it can be to have the wrong information! Take a look through these tax topics, and let us know what other questions you have.
Are you confused or bewildered by the alternative tax plans being touted? Is it possible to reform the tax code and implement a simpler means of taxation or is that as big a fantasy as reforming healthcare? Here’s what you need to know to understand the talk around the town about these plans.
Are you considering making an offer in compromise (OIC) with the IRS but not sure if that is the best option? If you know you can’t pay all your taxes, there are certain circumstances under which the government will accept a compromise from you. Here are important facts about those circumstances.
What would be the benefits of a capital gains tax cut? Many conservative financial experts believe such a move would increase job growth and tax revenue from the rich. The tax affects businesses and individuals, and here we will explore the issue.
Is it still possible to claim a tax deduction for any financial loss suffered due to theft and other unforeseen events even if the property was insured? Generally, the answer to this is “Yes”, but only for the unreimbursed portion and only if it meets IRS’ criteria. Want to know more? Here’s how.
You’ve prepared your taxes carefully, reviewed them, signed them and even sent them via certified mail to the Internal Revenue Service—good for you! But what if after mailing in that return you find you made an error? Should you expect an IRS agent at the door or an audit? Find out here.
The Internal Revenue Service does not send emails to taxpayers for any purpose. Learn what steps to take to prevent identity theft after responding to fraudulent IRS emails that are more commonly referred to as phishing links.
There are options available for taxpayers who discover they have underpaid their taxes or that they are facing a possible IRS tax lien. Understanding how to begin negotiations with the IRS is crucial to resolving these problems.