Marketing is a necessary expense in running practically any business and the IRS acknowledges as much. You may run advertisements on or in the Internet, radio, television, magazines, newspapers and other media to sell your products or services. You should be deducting all of the associated costs on your tax returns. Ordinary Marketing Expenses Marketing […]
Category Archives: Taxes
Many people are confused about the purpose of accountants given tax software and so on. To get the biggest benefit for the fees you pay, you need to understand what your accountant can do. The Purpose of Your Accountant An accountant is a licensed profession who has gone to hell and back to gain their […]
The IRS recently met its match in the form of Mother Nature. Yes, the massive flooding in Washington, D.C., took out the IRS headquarters. The IRS vs Mother Nature As you know, Washington, D.C. suffered through some serious flooding problems recently. The headquarters of the IRS are located at 1111 Constitution Avenue and took a […]
Why Tax Loop Holes Must Exist A long long time a go, in a country far far away, in China to be exact, there was a hunter that put nets in 4 sides of the forest. The hunter wanted to catch all animals. Then a king passed by. He said, “Remove the nets in the […]
When it comes to preparing our taxes, many of us could use some help. The following websites offer guidance and information that may assist you in learning about how to get the most out of filing your returns. Fairmark.com http://www.fairmark.com Recommended by Forbes.com, Fairmark.com sia tax site dedicated to helping investors file their taxes correctly, […]
Many taxpayers are confused about how long they should keep tax records. The term “tax records” refers to your tax returns and the documents that support the information in the returns. These documents can include receipts, bank statements, 1099s, etc. If you are one of the unlucky few to be audited, these records will be […]