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How to report income from dividends on your tax return66

How to report income from dividends on your tax return

IRS has specified guidelines about reporting the income from dividend you receive. There are a few technical points such as some capital gain distributions expenses relating to dividend income which need attention of a taxpayer.

0 comments    finance taxes dividends
Seven fundamental tips to reduce your tax burden73

Seven fundamental tips to reduce your tax burden

Tax is undoubtedly a vast subject, but majority of us do not require a master’s degree in finance to manage their own taxes. What we need is a better understanding of the fundamental tax concepts. Then you can easily find out what IRS wants and how to respond. This will eventually put thousands of dollars in your pocket.

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Year-end tax strategies for small business owners55

Year-end tax strategies for small business owners

It is necessary to keep constant watch on the business transactions during the year from tax angle. However there are some specific tax-saving strategies which can be applied at the end of the year. They can be very useful for reducing your tax liability.

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Your rights to appeal if you don’t agree with IRS54

Your rights to appeal if you don’t agree with IRS

It is possible that you don’t agree with the decisions of IRS on your tax return. In this situation, you have certain rights to get the things as per your thinking.

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Make your education tax-free with Coverdell ESA53

Make your education tax-free with Coverdell ESA

It is true that the educational expenses are increasing day by day. If you want to plan these expenses well in advance, IRS helps you with some tax benefits. You can open an Education Savings Account (ESA)...

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Achieve your long term educational goals with lifetime learning tax credit53

Achieve your long term educational goals with lifetime learning tax credit

If you plan to continue your education for a long time to get your ultimate goal, Uncle Sam helps you in your objective. Get the help and achieve your long term goals.

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Precautions while hiring independent contractors52

Precautions while hiring independent contractors

The trouble of handling payroll taxes is really testing the patience of a small business owner. The better way of doing business is hiring an independent contractor. However some precautions need to be taken keeping in view the stringent IRS scrutiny.

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Contributions which are not deductible on your tax return49

Contributions which are not deductible on your tax return

If you make contributions to certain individuals or to non-qualified organizations, such contributions are nondeductible on your tax return.

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Your seven topmost rights as a taxpayer53

Your seven topmost rights as a taxpayer

As a taxpayer, you have certain important rights. While dealing with the IRS, you may not be made fully aware of your rights by the IRS officials. It is therefore important to know well your rights.

0 comments    finance taxes income tax
Get out of the tax mess quickly! Fix your mistakes straightaway51

Get out of the tax mess quickly! Fix your mistakes straightaway

Filing your tax return is not a cakewalk by any means, but the mistakes you made inadvertently will worsen the situation. You may be looking out for a quick solution to get over the whole episode. Here is...

0 comments    tax return tax relief tax filing
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