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Self-Employed for the First Time? Don't Forget Estimated Taxes! Title: Self-Employed for the First Time? Don't Forget Estimated Taxes!
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Filed in archive Taxes by Justin McHenry on May 21, 2008

© Lisa Norwood I've been self-employed many times. It suits me, as I dislike people and prefer to be 100% alone. (That's a joke, although truth be told I have always been a bit of a loner.)...

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IRS Increasing Tax Audits Title: IRS Increasing Tax Audits
PermaLink: http://www.finance-weblog.com/50226711/irs_increasing_tax_audits.php

Filed in archive Taxes by Justin McHenry on February 01, 2008

I've never been subjected to a tax audit, and I hope I never will. But this Wall Street Journal report says my chances are increasing: Internal Revenue Service officials say audits of taxpayers...

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What is the Alternative Minimum Tax? Title: What is the Alternative Minimum Tax?
PermaLink: http://www.finance-weblog.com/50226711/what_is_the_alternative_minimum_tax.php

Filed in archive Taxes by Justin McHenry on December 20, 2007

Every now and then you might hear about the alternative minimum tax, or AMT, and how it is snaring more people each year, meaning more and more of us are trying to figure out how to avoid it. I'm...

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Why You Should Live in Alaska: Low Taxes and Free Money Title: Why You Should Live in Alaska: Low Taxes and Free Money
PermaLink: http://www.finance-weblog.com/50226711/why_you_should_live_in_alaska_low_taxes_and_free_money.php

Filed in archive Housing , Real Estate , Taxes by Justin McHenry on April 17, 2007

Alaska has no state sales tax and no state income tax. But that's only the beginning... I came across this article today that shows Anchorage to be the cheapest major American city to live in, at...

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Audit Red Flags Title: Audit Red Flags
PermaLink: http://www.finance-weblog.com/50226711/audit_red_flags.php

Filed in archive Taxes by Justin McHenry on April 09, 2007

Jennifer Openshaw had an interesting article on TheStreet last week about things the IRS looks for in deciding to audit certain tax returns. Too late to do much if you've already filed, but if you...

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The IRS' Dirty Dozen Tax Scams Title: The IRS' Dirty Dozen Tax Scams
PermaLink: http://www.finance-weblog.com/50226711/the_irs_dirty_dozen_tax_scams.php

Filed in archive Taxes by Justin McHenry on March 01, 2007

The Internal Revenue Service listed their annual "dirty dozen" tax scams last week. It's sort of a strange list, in that some of the scams are ways you can get scammed and others are...

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The TurboTax Gangstas Title: The TurboTax Gangstas
PermaLink: http://www.finance-weblog.com/50226711/the_turbotax_gangstas.php

Filed in archive Taxes by Justin McHenry on February 26, 2007

The new hip thing to do in corporate America is to get people to make commercials or videos about your products and then give away a prize for the best ones. For example, there was a Super Bowl...

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ETFs - A low tax alternative Title: ETFs - A low tax alternative
PermaLink: http://www.finance-weblog.com/50226711/etfs_a_low_tax_alternative.php

Filed in archive Taxes by on February 19, 2006

One of the best strategies to invest with good returns and lower tax liability is to invest in exchange-traded funds rather than a traditional mutual fund. An ETF is very much like a mutual fund with...

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ETFs - Good Returns and Tax Benefits in One Package Title: ETFs - Good Returns and Tax Benefits in One Package
PermaLink: http://www.finance-weblog.com/50226711/etfs_good_returns_and_tax_benefits_in_one_package.php

Filed in archive Taxes by on February 19, 2006

You have probably received an unpleasant surprise this year when you discovered that you have a significant capital gains tax on your mutual funds. Now the reason why it has happened this year, more...

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Working On Repeal of Alternative Minimum Tax Title: Working On Repeal of Alternative Minimum Tax
PermaLink: http://www.finance-weblog.com/50226711/working_on_repeal_of_alternative_minimum_tax.php

Filed in archive Taxes by andy on June 01, 2005

Call your senator and implore him or her to support S. 1103. This is the stealth tax that has go to be scrapped.......

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Alternative Minimum Tax Again Title: Alternative Minimum Tax Again
PermaLink: http://www.finance-weblog.com/50226711/alternative_minimum_tax_again.php

Filed in archive Taxes by andy on April 15, 2005

More color from the frontline. The AMT continues to fester, another elephant in the room.......

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Alternative Minimum Tax - The Stealth Tax Title: Alternative Minimum Tax - The Stealth Tax
PermaLink: http://www.finance-weblog.com/50226711/alternative_minimum_tax_the_stealth_tax.php

Filed in archive Taxes by andy on April 14, 2005

You may have discussed the Alternatvie Minimum Tax with your tax preparer. You may have been subject to the tax. You may not know what it is. You better get familiar with it because the number of...

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Small Business Taxes Title: Small Business Taxes
PermaLink: http://www.finance-weblog.com/50226711/small_business_taxes.php

Filed in archive Taxes by andy on April 12, 2005

April 15th is this Friday. If you won't get your taxes filed on time be sure to get an extension. In light of all things taxes, here is a short article discussing the intention of the IRS to...

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IRA reveals news... Title: IRA reveals news...
PermaLink: http://www.finance-weblog.com/50226711/ira_reveals_news.php

Filed in archive Taxes by andy on March 21, 2005

Last month the IRS released Private Letter Ruling 200507021. Ah, I see your collective eyes glazing over. Hang in there, this could save you a chunk of change. In a nutshell, the ruling says asset...

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