Whether you work at home as a full-time entrepreneur, or you have a daytime job and hustle for some side money, you owe it to yourself to consider hiring a tax professional. Hiring a pro sounds like a bigger decision than it really is. If you are a simple W-2 wage earner, and especially if you don’t own your own home or have other tax-related concerns like stocks or real estate, you are not likely to benefit much from a professional tax preparer.

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As a commercial property owner, taxes can be a sore subject. You might feel like the government gets a large share of your income. While the government will always be there to take a portion, that portion just got smaller.

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It’s a common mistake. Relying COMPLETELY on your checkbook and/or paper receipts to support your tax deductions throughout the year. One tool that many business owners completely overlook (and are often unaware of the tax ramifications of) is the care and feeding of a day planner.

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These two words form the mantra of deductible expenses. Ordinary, This means exactly what it sounds like. Is the expense considering an ORDINARY cost of doing business?

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The 2008 401K contribution limits are mostly unchanged from 2007 - except for the increase in the section 415 limit on total contributions which is discussed below. At the same time it is important to review the limits regularly and make sure you are within the guidelines - and if you haven’t started a 401K plan or you’ve been skimping on contributions, remember that this is probably one of the finest opportunities you have to improve your future financial security.

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There are a number of companies around today that claim to be able to provide consumers with IRS tax debt settlement help, but choosing the right entity to assist you can be a confusing task. Here are a few tips to help you make the right decision.

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Each day thousands of Americans receive a notice that the IRS has filed a lien on their property. What does this mean and how does the lien affect the taxpayer?

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The new IRS web site contains a wealth of information designed to make filing your income tax online as easy and stress free as possible. In this article, we’ll discuss the pros and cons of filing your taxes online yourself, versus having a professional accountant submit your return.

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What to do if you have tax problems because of your spouse. How to qualify for innocent spouse tax relief and reasons you could be held responsible for your spouse’s tax problems.

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When faced with a mountain of unpaid tax debt, your best bet is to work with the IRS in order to prevent the execution of a federal tax lien. Here are some tips that will help you work out terms that will be amicable to both you and the government, and get you back on track. First, get some professional help.

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