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Tax Advice

Sites providing tax advice and strategies.
IRS Tax Relief
Stop a Levy or Lien. Save up to 90% off Tax Debt.
Free Quotes | Tax Debt Relief | IRS Solutions | Learn More
TaxDebtRepair.com  Save My Rating
Tax Strategies in Wyoming
Shows the tax advantages of Wyoming. Offers services for privacy, asset protection, and tax planning. Also aged shelf companies.
www.wyomingcompany.com  Save My Rating
Owe $10,000 + to IRS?
Don’t Add to Your Tax Problems. Start Fresh, Resolve All Back Taxes
TaxResolution.com
Tax Advisor in LA
Contact us to resolve tax issues of $50K+; Call now in LA 310 208 6100
Tax-Advisor.BragerTaxLaw.com
Fast Relief for IRS Debt.
30 Second Quote to see how low you can settle IRS Debt. Members BBB.
FreedomTaxRelief.com
Ask a Tax Question Now
13 Tax Experts & Accountants Online Ask a Question, Get an Answer ASAP!
www.JustAnswer.com/Tax
IRS Tax Attorney
IRS Debt? Non-Filer? Know your options, save money! Free consult.
TaxHelpAttorney.com
Int'l Tax Compliance
Checklists of tax compliance issues & tax forms translated into English
ria.thomson.com/intl-tax-compliance
IRS Problems? Lien? Levy?
Warning-If You Owe the IRS Over $10,000 and Cant Pay, Read This
www.ustaxsolutionsinc.com
Tax Help
Owe the IRS Money? Get Tax Help and End your IRS Nightmare!
www.TaxDebtUSA.com
End Your IRS Fears
Settle for Pennies on the Dollar Ex IRS Agents/Free Consultation
AlliedTaxSolutions.com
Tax Advice
Slash Your Taxes By 50% - 70% Quickly and Easily - Free Info
www.FreeTaxStrategies.com
A-Z Tax Advice Provider Directory
1-9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
C
CNNfn - Taxes
Provides articles, tax tips, tax calendars.
cnnfn.com
Gray Gray & Gray LLP
Tax tips from accounting firm.
news.cpamerica.org
F
Fairmark Press - Tax Guide for Investors
Provides tax guides, a message board, book reviews and tax news.
www.fairmark.com
Motley Fool - Tax Q&A
Personal finance section provides articles, a tax strategies message board and tax tools.
www.fool.com
I
Internal Revenue Service
Frequently asked tax questions and answers.
www.irs.gov
J
Jackson Hewitt Franchise Opportunity
National tax service company.
www.jacksonhewitt.com
M
CBS MarketWatch
Tax Guide with articles, Q&A, news, advice from the Tax Man.
cbs.marketwatch.com
Money - Taxes
Money magazine online provides tips and long-term strategies to reduce taxes.
www.money.com
Microsoft-  MoneyCentral - Taxes
Provides answers to tax-related questions and tax tips.
moneycentral.msn.com
N
Netscape - Taxes
Site provides articles and links to forms and publications.
home.netscape.com
Nolo's Legal Encyclopedia - Tax Problems
Provides detailed information about tax issues broken into sections such as How to Deal with the IRS, Audits and Appeals, Small Business Tax Concerns.
www.nolo.com
T
Kiplinger TaxCut - Tax Tips
Tips for how to cut your taxes provided by a tax software company.
www.taxcut.com
IRS Tax Relief
Stop a Levy or Lien. Save up to 90% off Tax Debt.
Free Quotes | Tax Debt Relief | IRS Solutions | Learn More
TaxDebtRepair.com
TaxHawk
Tax advice and hundreds of tax deductions and strategies.
www.taxhawk.com
Tax Help Online
Internet guide to lowering your taxes produced by a tax litigation consultant who is an expert in IRS negotiations and Winning Publications, Inc.
www.taxhelponline.com
W
Tax Strategies in Wyoming
Shows the tax advantages of Wyoming. Offers services for privacy, asset protection, and tax planning. Also aged shelf companies.
www.wyomingcompany.com
Owe $10,000 + to IRS?
Don’t Add to Your Tax Problems. Start Fresh, Resolve All Back Taxes
TaxResolution.com
Tax Advisor in LA
Contact us to resolve tax issues of $50K+; Call now in LA 310 208 6100
Tax-Advisor.BragerTaxLaw.com
Fast Relief for IRS Debt.
30 Second Quote to see how low you can settle IRS Debt. Members BBB.
FreedomTaxRelief.com

Guide to Business Tax Deductions

Maximize your tax savings by deducting all eligible business expenses


Small business owners generally loathe tax time. But if you take all of the business deductions allowable, you can usually lower your tax bill significantly. Recording and reporting deductions doesn't have to be drudge work. With a solid grasp of the expenses you can legally deduct and with a little help from tax software or a tax professional, you can:
  1. Reduce the time spent calculating deductions
  2. Be certain you're saving the proper receipts
  3. Be certain you're filing the proper forms
  4. Minimize the chances of an audit


Action Steps

The best contacts and resources to help you get it done

Check with the IRS Go straight to the ultimate source for information on deductions you can claim on your federal business taxes.

I recommend:  The IRS Small Business and Self-Employed One-Stop Resource includes an overview of business expenses you can deduct. IRS Publication 535, updated each year, provides a detailed overview of deductions.

Use the proper forms The forms on which you report your deductions depend on your company's legal structure: sole proprietorship, partnership, LLC or corporation. For instance, sole proprietors must file Schedule C or Schedule C-EZ of Form 1040; partnerships must file Form 1065; corporations must file Form 1120-A, 1120 or 1120-S; and home-based businesses must file Form 8829.

I recommend:  Find the proper forms for filing your business deductions at IRS.gov.

Know your home-based tax deductions Businesses run from the home are eligible for a variety of deductions, including deductions for a home-office, cars, furniture, equipment, supplies, business travel and more.

I recommend:  Download an e-book on Home Business Tax Deductions or take a look at SmallBusinessBrief.com for 10 deductions home-based businesses can claim.

Stay within the law Don't tempt fate by overstating deductions or attempting to claim a deduction for expenses that aren't allowable.

I recommend:  Complete Tax provides a list of common business deductions as well as a list of nondeductible expenses. Bankrate.com offers a list of a dozen deductions you might forget about.

Get tech help Business tax software programs can help guide you through the process of recording and reporting deductions.

I recommend:  Ask which software program your accountant or CPA recommends or check out one of the leading software programs, Turbo Tax, which also features a Deduction Finder to help you zero in on deductions you may have forgot.

Hire a professional Running a business 24/7 doesn't leave a lot of downtime for learning about tax deductions. To make sure you're taking advantage of all the deductions you're entitled to and that you're reporting them correctly, get help from a CPA or an accountant.

I recommend:  Find seven tips for hiring a tax pro from Microsoft Small Business Center and search for a qualified professional at Accountants World or the CPA Directory.

Tips & Tactics

Helpful advice for making the most of this Guide
  • Keep accurate records of all purchases and expenditures throughout the year; when it's time to file your tax return, you'll be ready.
  • Be careful not to spend limited resources just because it's deductible. You don't want to end up with stuff you don't really need. Keep the cash instead.
  • Make sure you file all of your tax forms on time.

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How-To Guide from WORK.COM

By John Riddle
Maximize your tax savings by deducting all eligible business expenses.
Small business owners generally loathe tax time. But if you take all of the business deductions allowable, you can usually lower your tax bill significantly. Recording and reporting deductions doesn't have to be drudge work. With a solid grasp ... Read more


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