Tax Guide Tips - Tax Tips and more.

Home Office Deduction Many people whose small businesses qualify them for a home office deduction are afraid to take it because they've heard it will trigger an audit. But this deduction is no longer a red flag for an IRS audit. These tips can help you determine if you qualify to take the deduction--and rest easy when...

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How To

Take Advantage of 0% Cap Gains Before It's Too Late Take advantage of the 0% tax rate on long-term capital gains before it's too late.

General

IRS: Use 'Free File' to receive rebate (AP) AP - People who do not normally file a tax return can now use the IRS Free File program to get their economic stimulus package payment, the Internal Revenue Service said Thursday.

Filing Taxes

5 Smart Ways to Use That Refund Sample Image

While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.

Investment Taxes

Mileage deductibility question For an independent contractor working at an agency, is mileage deduction
available for the following kinds of trips:
1. Offsite training required by the agency.
2. Offsite training related to the trade recommended but not required by
the agency.
3. Meetings of the local trade group.
Thanks.

Work and Business Taxes

Tax Tips for Married Business Owners When married couples run unincorporated small businesses, they can really get nailed by the federal self-employment tax (SE tax). In fact, these small-business owners often face SE tax bills that exceed their federal income tax bills.

Home and Family Taxes

A letter from the IRS? Don't be alarmed Don't be alarmed. More than 130 million households will get letters from the Internal Revenue Service beginning next week and it's good news, not bad.

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AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday.
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