Taxes Archive

How to Avoid an IRS Audit

The IRS doesn’t have the time or the resources to audit everyone. In fact, only a small percentage of of tax returns are audited each year. Since there are always some returns that are randomly chosen, …

How to Make Tax Filing Easier

Taxation time must be the most dreaded nightmare for everyone each year. Why do we delay the inevitable by throwing the receipts into a drawer and put off the task of recording them either into …

Filing for a Tax Extension

Tax returns are normally do to be filed by April 15th of the year following the tax year. Most people can meet this time but if you can’t there are options afforded to you by …

What is the new Tanning Salon Tax

Part of the new revenue sources created by the 2009 healthcare bill passed by Congress, and signed into law by the Obama administration, is a new tax on indoor tanning salons. This tax charges an …

Weirdest Tax Deductions

American taxpayers over the years have attempted to deduct a great many weird and sometimes mind-boggling expenses on their income tax returns. Some of the deductions the IRS approved and some they did not. Not …

What does the Laffer Curve mean

The Laffer Curve is a theory by American economist Arthur Laffer which predicts the relationship between the tax rate and the tax revenue of a given government. In general, it predicts that an increase in …

America’s strangest taxes

If you live in America, the most seemingly innocent items and services are often booby-trapped with taxes. These taxes can vary from state to state, and many stray into bizarre territory. Here’s a sampling of …

Filing Taxes Early

Filing taxes is something that people like to put off until the last minute. When you have to pay in at the end of the year you want to buy time but there are reasons …