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tax articles

Olympic gold medal - Too costly for US athletes due to victory tax?
2016-08-18

Olympic gold medal - Too costly for US athletes due to victory tax?

Nothing comes for free. This adage has proved to be true for Olympic medals. No, I’m not speaking of the hard work, years of practice and proper training. These were already there. What I’m speaking of is the ‘victory tax’ where Olympic medal winners have to pay a hefty amount to the Uncle S [...]

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Amazing small business tax deductions you should never miss
2016-08-10

Amazing small business tax deductions you should never miss

Speaking of taxes, past performance is an excellent indicator of the types of deductions that a business usually enjoys each year. In the recent past, the Internal Revenue Service (IRS) has released information about the Schedule C taxpayers. Some of the most popular tax deductions claimed by sole [...]

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How can you save money on taxes by going green?
2016-06-20

How can you save money on taxes by going green?

Nowadays, going green is in vogue. Do you know that going green would not only save the environment but also it can save your precious dollars? Yes, that’s right! Now, you can get attractive tax breaks for going green - as individuals or as a business owner. As long as you are investing in energy- [...]

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How child and dependent care tax credit can give you a better life
2016-04-04

How child and dependent care tax credit can give you a better life

You may face big trouble to manage both house, kids and your profession during your kid’s summer vacation in this year. You may want to send your children to the summer day camp but the high cost is a big hindrance. It is true, that summer babysitting expense is a big matter for many working paren [...]

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Moving expenses: The IRS provides you with handsome tax deductions
2016-04-04

Moving expenses: The IRS provides you with handsome tax deductions

Even though most people detest the process of moving, yet it is something that one might have to do any moment and more so, multiple times. However, not many such unfortunate souls know that they can claim moving expenses out of their annual tax return. This a person can do when either she/he is mov [...]

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Guide to the unemployed: Get organized for the tax season
2016-04-04

Guide to the unemployed: Get organized for the tax season

When you're unemployed or you've lost your job or suffered a big drop in the income level, you may have a considerably different tax situation from the previous year. Rarely does anyone greet the tax season with a big smile on his face! More often, the arrival of your W2 statement in your mailbox ca [...]

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The ultimate dilemma - When is the right time to hire a tax accountant?
2016-04-04

The ultimate dilemma - When is the right time to hire a tax accountant?

The dreaded and most excruciating tax filing season has begun. It’s time to crunch the numbers, put them down and file your income tax returns by April 15, 2016. Earlier, I used to do my taxes due to the following reasons: I wanted to keep my financial details private I liked the feeling that I [...]

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Tax refund calendar 2016: Can you expect a quick tax refund?
2016-04-04

Tax refund calendar 2016: Can you expect a quick tax refund?

With the commencement of tax season, numerous refund-starving taxpayers are all set to grab their share of the tax refund as early as possible. They often ask: ‘How fast can I get my tax refund?’ Even after you’ve filed your taxes, it’s quite hard to know how soon you can expect a tax refund [...]

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Last Updated on: 16 Apr 2018