Have you ever wondered what would happen to your assets if you were sued, in a car accident and it was your fault or if you became disabled or even died? Most people consider this question but do very little about taking the necessary steps to protect their assets.
The first thing to do is to [...]

Property Exchanges conforming to IRC section 1031 offer wonderful opportunities to defer tax liability and maximize profits while helping to continue with the investment of the capital.
The IRC clearly states the main qualifying parameter of the exchange as a like-kind exchange. “In a like-kind exchange, the property you give up and the property you receive [...]

Have you heard the latest version of the age-old story: “The Tale of Two Small Business Owners.”
Here it is:
Small Biz Owner #1 is 31 times less likely to be penalized by the IRS than Small Biz Owner #2.
Hmmm. What gives? What is the difference between these two chaps?
It’s simple, really.
Small Biz Owner #1 makes his [...]

Many self-employed people and small business owners make quarterly estimated tax payments at both the federal and state level. (Sigh!)
If you’re newly self-employed and perhaps unfamiliar with the government’s estimated tax payment schedule, here are the due dates for the Year 2006 quarterly estimated tax payments:
QTR 1: April 15, 2006QTR 2: June 15, 2006QTR 3: [...]

How many times have you heard someone say, “I don’t pay any taxes. My accountant takes real good care of me . . . I haven’t paid a dime in taxes in years.”
Does that outrageous statement sound familiar?
Maybe it’s your brother-in-law, or a fellow Soccer Mom, or a co-worker at the office.
And so you think [...]

Here are some helpful hints, tips, reminders and advice for preparing and filing your 2005 Form 1040 (or 1040A).
* You should receive all your W-2 and 1099 forms by the first week of February. Check the figures on these forms against your records to make sure the amounts reported are correct. Carefully compare the gross [...]

Does Tax Season get you down?
Here are 4 simple steps that any small business owner can take to lower your tax bill this year.
STEP #1: Understand How Serious Your Tax Problem Is
Are you aware of just how much in taxes you are paying?
Here’s how much the average family spends on various consumer categories — as [...]

You are paying too much income tax - and it’s nobody’s fault but your own! You do not have to wait for Congress to pass a tax cut bill. You can enact your own personal tax cut with careful tax planning.
Here is some tax planning basics:
* The difference between tax avoidance and tax evasion is [...]

Historically, tax issues arising from bad marriages fell into the category of “better or worse” in the marriage vows. The IRS historically considered spouses one person for tax purposes, but has changed its views.
Tax Problems
When a marriage has problems, finances are almost always one of the elements that contribute to the strife. This can be [...]

Self-employment offers a multitude of tax benefits. Opportunities to maximize your income while increasing your income may actually mean you are paying more tax, but at a lower percentage of your income. As Americans it is our duty to pay our fair share of tax to support our government, however, IRS and legislature have provided [...]