Category Archives: Tax Strategies

“Taxpayers should be wary of anyone peddling scams that seem too good to be true,” IRS Commissioner Doug Shulman said. “The IRS fights fraud by pursuing taxpayers who hide income abroad and by ensuring taxpayers get competent, ethical service from qualified professionals at home in the U.S.” Continue reading →

The Internal Revenue Service sends millions of letters and notices to taxpayers every year. Here are eight things taxpayers should know about IRS notices – just in case one shows up in your mailbox. 1. Don’t panic. Many of these … Continue reading →

One of the biggest tax deduction for most business owners s there mileage. Yet so many people fail to keep accurate millage records This is a shame Because beginning on Jan. 1, 2009, the standard mileage rates for the use … Continue reading →

If you think taxes are confusing then join the IRS On many tax issues they are just as confused as the rest of us. Take Mortgage Interest rules Under the rules, homeowners may deduct the interest they pay on loans … Continue reading →

Keep an eye out for these often-overlooked ways to cut your tax bill. Let’s face we are living in same harsh economic times. As Entrepreneurs we understand that owning a business is one of the last great hopes of obtaining … Continue reading →