May 24, 2013

Important Facts about Mortgage Debt Forgiveness

1099c

If your lender cancelled or forgave your mortgage debt, you generally have to pay tax on that amount. But there are exceptions to this rule … [Read more...]

Free Tax Filing

free-tax-return

Yes, It's true, FREE Filing All taxpayers have a fast, safe and free option when it comes to preparing their own federal taxes. It’s … [Read more...]

Deadline Extended for Tax-Exempt Organizations

Charities & Exempt Organization

According to Leroy Baker of Tax-News.com in New York, the US Internal Revenue Service (IRS) has announced that certain tax-exempt … [Read more...]

New Updated Rules for Fast-Track Patent Processing

USPTO

The United States Patent and Trademark Office (USPTO) has announced a final rule change permitting applicants to request prioritized … [Read more...]

Apply for an Employer Identification Number (EIN) Online

EIN

Employer Identification Number If you have started a new business, you don't need to use your social security number, protect your … [Read more...]

Travel Expenses

Travel Expenses

Travel expenses are “ordinary and necessary” expenses while away from home for the primary purpose of business. Keep all receipts and … [Read more...]

Choosing a Tax Year

Calendar Year

Calendar vs. Fiscal Each taxpayer must figure taxable income on the basis of an annual accounting period for keeping records and reporting … [Read more...]

Choosing an Accounting Method

business chart showing success

Cash vs. Accrual Every business taxpayer is required to have an accounting method to report income and expenses.  The two most commonly … [Read more...]

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