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Every year most American citizens are required by federal laws to file an income tax return. This process can be very intimidating, time consuming and downright scary, but it does not have to be....
Every year, the US government withholds taxes from the paychecks of its workers. When you begin a job, you complete a W-4 form which, along with your salary, estimates the amount of tax you will...
It can be helpful to know what your paycheck amount will be each week when trying to budget for upcoming bills or expenses, but how do you figure out this amount if your work hours fluctuate each...
Amaze everyone you meet in your travels to Alabama with your knowledge about the state. Here are some state facts, symbols and trivia.
E-filed tax returns are a convenient way to file, however once the information has been sent to the Internal Revenue Service, it cannot be changed electronically. Although e-filing is a great...
Amaze everyone you meet in your travels to Arizona with your knowledge about the state. Here are some state facts, symbols and trivia.
Thousands of people owe back taxes to the IRS. Many people do not communicate with the IRS to discuss clearing up their debt. But people who do, generally find the IRS helpful, polite and...
Filing your taxes in Canada has become much easier nowadays and you can file your taxes in numerous ways. You can contact the Canadian Tax Revenue department for additional information and learn...
The child benefit is a tax-free payment that one can claim for their child that is paid on a monthly basis. Rates are different for each child and can be claimed by any person that qualifies...
Using Balance Sheet Equations Properly
Balance sheet equations have multiple effects and combinations. Discover what these combinations are and the differences between them with the help of a certified public accountant in this free...
How to Do a Multi-Step Income Statement
A multi-step income statement is one of the financial statement required by the GAAP, which measure the earning performances of a company over time. Find out how to do a multi-step income...
How to Calculate Markup in Excel
When calculating markup in Excel, there is more than one way to do this depending on what it is you're trying to achieve. Learn the right way to calculate markup in Excel with the advice of a...
How to File for IRS Debt Relief
To file for IRS debt relief, there are a couple of ways to do this and pay less in taxes than you owe. Determine whether you can get relief of your debt with the help of a certified public...
Reporting Rental Properties on IRS Tax Forms
The IRS may flag rental properties with consistent losses. Learn tips for reporting rental income and losses from your investment properties to avoid a tax audit from the IRS in this free personal...
How a Company Audit Affects Shareholders
Shareholders of audited companies should expect some attention from the IRS. Learn how to handle the audit of a company of which you are a shareholder in this free personal finance video from an...
File Accurate Return to Avoid Tax Audit
File complete and accurate tax form to avoid suspicion from the IRS. Learn not to submit inaccurate or false information on your tax return to avoid a tax audit from the IRS in this free personal...
How Prepaying Affects Likelihood of IRS Audit
Avoid frivolous deductions when filing taxes. Learn the do's and don'ts for selecting your tax preparer to avoid a tax audit from the IRS in this free personal finance video from an experienced...
How to Organize Receipts for Tax Deductions
Make sure that you keep your receipts in case you get audited. Learn the best ways to organize and store your receipts for a tax audit from the IRS in this free personal finance video from an...
Electronic Vs. Paper Tax Filing
Electronic tax filers have less chance of being audited. Learn the difference between electronic and paper filing and which is the best method to avoid a tax audit from the IRS in this free...
How to Report Tax Shelters on IRS Forms
Be careful reporting your tax shelters. Learn tips on how to report tax shelters to avoid a tax audit from the IRS in this free personal finance video from an experienced accountant.
How to Report Business Losses on Schedule C Tax Form
You must establish profit motive to use the schedule C tax form. Learn how to report business losses on your Schedule C form to avoid a tax audit from the IRS in this free personal finance video...
How to Report Tips to the IRS
Be sure to report case income on your tax forms. Learn how to handle reporting cash and tips to avoid a tax audit from the IRS in this free personal finance video from an experienced accountant.
How to Report Itemized Deductions to the IRS
Medical expenses and property taxes are examples of itemized tax deductions. Learn how to document your contributions in relationship to your income to avoid a tax audit from the IRS in this free...
How to Avoid IRS Audit Flags
Check the math on your tax form. Learn mistakes which will automatically cause the IRS to target your return for an audit in this free personal finance video from an experienced accountant.
Common IRS Tax Form Mistakes
Make sure your tax info matches that of your employers. Learn common mistakes your should avoid that can cause your IRS tax return to be audited in this free personal finance video from an...
IRS Audit: Proving Expenses
A calendar or log book is a good backup if you don't have receipts for items the IRS asks for. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced...
IRS Audit Process
Give truthful and honest answers to any questions the IRS asks you. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.
IRS Audit: Signing Off
At the conclusion of an audit an IRS auditor will propose income tax adjustments.Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.
IRS Audit: Agreeing with Audit Results
Page two of publication 1 explains the IRS audit appeals process. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.
Receiving an IRS Tax Audit
The IRS will tell you what specific items they are auditing. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.
IRS Publication 1
IRS publication 1 lets you know your rights under the IRS audit. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.
Causes of IRS Audit
You can be chosen randomly for an IRS audit. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.
IRS Audit: Finding Representation
You may represent yourself or have someone else represent you. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.
IRS Audit: Items Needed
Bring only items the IRS has requested for an audit. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.
IRS Audit: Items Not Needed
Don't bring in all receipts and documentation to an IRS audit. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.
IRS Audit: Handling Yourself
Everything you say during an audit will be recorded in your audit file. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.
IRS Audit: Charitable Donations
Keep all documentation and receipts for charitable donations. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.
IRS Audit: Fund Sources
The IRS will look at income and compare them to expenses. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.
How to File Taxes as Head of Household
If a person can claim head of household status, she will normally realize a higher return than if she was filing single. Learn about the qualifications for a person to be considered the head of...
How to File Taxes if Married Filing Jointly
For most married couples, the married filing jointly status is usually the best method, and in these returns, expenses and incomes are combined. Find out how a married couple can file jointly to...
How to File Taxes in a Community Property State
Filing taxes in a community property state doesn't come into play unless people want to file for taxes separately. Learn about separate property and how it comes into play when filing for...
How to Deduct Mileage on Taxes
In order to deduct mileage on taxes, the miles need to be business-related, and a record of these miles should be kept in a log. Plug in the total number of miles that were traveled, and take the...
How to Deduct Moving Expenses From Your Taxes
In order to deduct moving expenses from taxes, a couple of stipulations must be met, such as the distance between a new job and a previous home. Find out how the number of work hours can affect...
How to E-File Taxes
Before filing E-taxes, an individual needs all of their information, and they need to make the choice of whether or not to use a tax professional, the IRS Web site or tax software and a PC. Find...
How to File a 1099 Form
A 1099 form is filed when a person has an independent contractor working for them, and the IRS has stringent rules in regard to whether or not a person is considered to be an independent...
How to File an Amended Tax Return
An amended tax return will need to be filed if there are changes in filing status, amount of total income or the number of deductions. Use form 1040X to file an amended tax return with help from a...
How to File an Extension for Income Taxes
The form 4868 is used to request an extension on income taxes, and it has to be filed by the due date, which is typically April 15. Find out how a person is still liable for interest and penalties...
How to File Back Taxes
In order to file back taxes, go to the IRS Web site, download the proper forms and determine if the government is owed money, or if a refund is due. Make arrangements to pay money owed to the...
How to File Contract Labor as Income on Taxes
Filing contract labor as income on taxes means using a 1099 and placing the amount in the "Other Income" category on the 1040. Use a 1040 for expenses that will match against income with help from...