Tax Information Videos

Tax credits are available for those who make energy-saving improvements to the home, as homeowners can now save up to 30 percent of the cost of the improvements. Save money while updating home...

The popular first-time home buyer tax credit has been extended to offer even better tax benefits for more individuals and families. Take advantage of the extended tax credit using Intuit's...

Even more college tuition-paying individuals and families can benefit from an expanded tax break when filing their 2009 taxes. Intuit's TurboTax makes it easy to determine how much money you can...

If you bought a new car in 2009, you can deduct the state sales tax from your taxable income. Find out how much money you could save from a new car purchase using TurboTax by Intuit.

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...

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...

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...

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...

After receiving unemployment, the government allows individuals to be tax exempt from $2,400 of the payments. Understand the taxes relating to unemployment with help from an enrolled agent in this...

When claiming cash purchases on a tax return, be sure to include detailed receipts that illustrate what was purchased and how it was paid for. Deduct even cash transactions with help from an...

A low income tax credit, known as the Earned Income Tax Credit, is available in varying amounts for families who make up to $43,000 per year. Understand the eligibility requirements for a low...

There are various companies that offer free online state tax filing, especially for low income households. Find help when filing state taxes with help from an enrolled agent in this free video on...

Travel expenses can sometimes be claimed to get a tax credit if it is business-related and if the company does not reimburse travel costs. Itemize travel expenses on a tax return with help from an...

A T-balance, also known as a trial balance, is calculated by recording total income for the year and all of the individual expenses. Subtract the expenses from the total income to get the trial...

When filing taxes on a long-term disability, be sure to find out whether the employer paid for it, which is fully taxable, or if you paid for it after taxes, which is not taxable. Find out how to...

Off balance sheet tax structures are sometimes necessary to accommodate various situations, such as Key man Insurance contracts and land agreements. Understand when off balance sheet contracts are...

A health savings plan can be set up by deducting up to $2,500 a year for tax-free medical use. Find ways to pay for medical expenses that are tax deductible with help from an enrolled agent in...

Clothing donations are tax deductible if they are donated to a recognized charity and if accurate receipts are kept. Deduct large amounts of donated goods with help from an enrolled agent in this...

Starting up a business that does tax preparation involves first purchasing the right software. Obtain any locally-required licensing and credentials to start up a tax business with help from an...

Medical expenses can be deducted on a tax return if they exceed 7.5 percent of your total income. Find out how to deduct medical bills with help from a tax specialist in this free video on filing...

Donated items can be deducted on your taxes by entering them in on line 17 of a 1040 form. Keep the receipts for donated items with help from a tax specialist in this free video on filing taxes.

Anyone can file their taxes online at no charge by filing through the IRS Web site and filing out the proper forms. Find out how to e-file an income tax return with help from a tax specialist in...

The best way to prepare small business taxes is to use a good-quality accounting software to keep track of all business expenses and earnings. Find out how to organize small business finances with...

To pay property taxes online, visit the local county tax Web site that offers ways to pay bills and make payments over the Internet. Find ways to pay taxes electronically with help from a tax...

Tax brackets are dependent upon an individual's total taxable income for a given year, and each bracket is assigned a percentage rate. Determine your tax bracket based on total household income...

A tax ID number can be obtained through the IRS Web site by filling out an online application. Get a tax identification number for a small business with help from a tax specialist in this free...

When looking at income tax preparation software, it's important to determine if the software will be used from year to year or updated manually. Find out what will add to the cost of preparation...

Tax brackets are determined by a number of factors, such as whether a person is single, married and filing joint or married and filing separately. Learn about the hidden tax bracket known as the...

Different types of taxes include income tax, gas tax, sales tax, meals tax, beverage tax, real estate tax, unemployment tax and social security tax. Find out what these different forms of taxes...

In order to qualify for tax debt relief, a person will already have to be in trouble with their taxes. Find out how to get relief through an offer in compromise with help from a certified public...

When looking at tax returns, it's important to remember that it is one's responsibility to sign the return under penalties of perjury. Find out about reference guides for income tax returns with...

In order to find a tax preparer, it's important to look for someone who is licensed, such as a certified public accountant or an enrolled agent. Learn about checking commercial tax services with...

When filling out an income tax return, the first step is to organize receipts and income items, understanding that wages, interest and dividends go on different lines. Learn about different...

Problems with tax collection are usually due to failure to file or failure to pay, and this can be caused by sickness, a death in the family or simply forgetting to file. Find out how to make...

Calculate auto sales tax with tips from an accountant in this free video on taxes and finances.

Sales tax depends on the state and some items are not taxable, such as some food items. Calculate sales tax by contacting the state or county with tips from an accountant in this free video on...

A self-employed individual pays their side of the tax liability and the owner's side of the tax liability. Calculate self-employment tax, which is 15.3 percent if the individual makes up to 76.2...

If a hobby results in someone making money, the IRS requires that income to be reported unless the hobby costs more than the income received. Calculate taxes for hobby expenses and income, if the...

The IRS Web site shows how much money an individual will receive on rebate checks. Calculate 2008 IRS tax rebate checks, which require an individual to make between $3,000 and $150,000 with tips...

The tax rate on an automobile depends on the state, warranties and titles that are involved in the purchase of a vehicle. Calculate auto sales tax, and contact the local sales tax authority, with...

Gross income is any form of income, including rents and royalties received in any format, including checks, cash and credit cards. Calculate gross income for tax purposes, such as the subtraction...

Unfortunately, there is no fool proof solution to avoiding an IRS tax audit but controlling the cash flow in a checking account is a good tip to watch when avoiding an audit. Avoid excessive risk...

To start a financial statement audit, the auditor will send a prepared by client request list also called a PBC list. Get a financial statement audit started by beginning this list and using this...

When preparing tax information for a CPA, organization is the most important facet over all other things. Make sure all financial statements are organized when preparing a tax return with advice...

Financial audits can get expensive so knowing the type of audit being done is important to assuring the price stays fair. Ensure the price an auditor has quoted is a fair one and is not too high...

It is important to spend the stimulus check received by the government to put the money back into the economy. Discover a few fun and easy ways to spend this money with tips and advice from an...

To find out when a 2008 tax rebate check will come in the mail or be deposited into a bank account, simply go to www.irs.gov and do a quick search. Discover a few different options on finding out...

When selling a business the first thing most buyers want to see is an audited financial statement and it is very important to figure out who's going to give the best audit for the sale. Find a...

The easiest way to report tax evasion is to go to www.irs.gov and do a search for tax evasion or call the contact number. Understand the difference between tax evasion and tax avoidance with...

Inheritance can be taxed by the IRS on several different levels and preparing a schedule K 1 is the correct form to use. Learn how to properly and legally report inheritance income so that it is...