The IRS mileage rate as of January 2009 can be used to determine how much you should be allowed to claim as a deductible expense for operating a car or vehicle for business use, for medical use or for moving purposes.
Effectively this means that the IRS mileage rate for driving a vehicle for business purposes [...]

Are you aware that the federal government allows a tax debt relief program wherein there are provisions for installment accords, penalty abatement, offer-in-compromise and others? In other words, if one owes IRS money in the form of ‘Tax’ and is unable to pay the same, government provides compassionate grounds so that the person can [...]

Apart from the other entire phobia’s that one might have there is one which has a very fair possibility of being seen on about everyone’s list of scares. This is the tax filing fright! It is not the incident which causes the panic but it rather the whole [...]

Many tax payers elect to file the 1040EZ form because it is easier, but they are missing out on standard income tax deductions that can give them a much larger income tax return. Read on to see what the usual income tax deductions are and see if you are claiming all of them. When you [...]

Everyone who gets a migraine filling out their Federal tax return, raise your hand!
Did you know that all of the rules and regulations pertaining to the IRS tax return fills sixty feet of book shelf space? Yes indeed. This gives us an immediate clue as to why filing a Federal tax return isn’t simple. Tax [...]

When I think about taxes it can be annoying when you see how much of what you earned goes to your Federal taxes. On top of that, you then have to pay a CPA to prepare your taxes for you or spend a great amount of your time preparing them by yourself. Do you know [...]

In many cases, we find that a person is troubled because of tax problems when he or she is failing to make the tax payments. There are instances when the person is the one to be blamed for this problem simply because he or she did not do anything about the situation and just [...]

Tax Deduction Matters
In doing taxes for the last few years, I have had plenty of people come in not prepared to file their tax returns. There have been plenty of times where I opened the the W-2’s or other important tax information for people. They have no idea how much they made for the year, [...]