IRS Tax Support

Yes, it’s November. The holidays are nearly here. And my gift to readers is a gentle reminder to make those last-minute tax moves.
I say this every year: Your tax planning for your 2008 return should have started last December. Still, there are things you can and should do before Dec. 31 to trim your 2008 [...]

 Tax planning for the efficient transfer of the business cannot be done in a vacuum. There are a multitude of tax considerations to keep in mind when attempting to quantify the tax costs involved in the business transfer.
Certain methods of transfer are less costly than others from a tax perspective. What is an effective plan [...]

No matter who wins the White House, most taxpayers can look forward to some relief next year.
Based on inflation data released Tuesday by the Labor Department, the personal exemption amount, standard deduction, federal income-tax brackets and many other tax-related numbers will increase in 2009, thanks to annual adjustments required by law. Once again, high-income taxpayers [...]

Another April 15 has come and gone, and millions of taxpayers still haven’t filed their tax returns.
About 10.3 million Americans were expected to file for automatic six-month extensions this year, up from 10 million last year, according to Internal Revenue Service estimates earlier this year. But some people didn’t even bother getting an extension.
Whatever the [...]

Need a loan? In today’s lousy credit environment, securing one may not be much fun. It may not even be possible (at least at reasonable rates) — unless you have access to an untapped home equity line of credit or a helpful relative.
If you do, that’s great. If not, I’ve got a solution for anyone [...]

The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2008. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
The rate will increase to 58.5 cents a mile for all business [...]

Plummeting stock prices can cast a dark cloud over anyone’s finances. However, at tax time, these capital losses can produce a ray of write-off sunshine.

When you sell any pharmaceutical flops or biotech blunders, you can use them to offset gains from more successful ventures — or even a portion of your everyday income.
A capital [...]

It’s hard to beat the thrill of a windfall. So far this year, more than 50 million of us have felt the rush, courtesy of the IRS. As of late March, Uncle Sam had mailed nearly $128 billion to taxpayers, which amounts to an average refund of $2,548 (not including rebate checks, which won’t begin [...]

The government began depositing tax rebate checks in thousands of bank accounts on Monday as the stimulus program aimed at giving the ailing economy a jump-start got under way early. The Internal Revenue Service started making the direct deposits on Monday with the goal of completing 800,000 payments each day over the first three days [...]

Don’t overpay taxes on income that’s protected by the U.S. tax code. Here are the major categories to watch, including five types of raises that don’t add a dime to your taxable income. 
Want to keep the tax man away from your money? It’s easier than you think. There are lots of ways to increase your [...]

Do you look forward to your annual tax-filing duties? The truth is that Americans universally dread the task. Just how much anxiety it evokes might depend on how you decide to complete your filing responsibilities.
You basically have two choices: Do your taxes yourself or turn the task over to a professional. But even if you [...]