The 1099 tax designation refers to what are known as information returns. The IRS collects them to track revenues paid to individuals. Here is how you fill out the form. Preparing 1099-MISC Forms The 1099-MISC form is known as the “independent co...

As you probably know, the IRS has a form for just about everything. Some forms are known as informational, and the 1099-MISC form is one of them. The IRS is the ultimate form of big brother when it comes to the government. A lot of money moves about t...

The IRS has an office within it that most people are completely unaware of – the national taxpayer advocate. What does the advocate due? The office helps you deal with the IRS when it gets to aggressive. Each year, the taxpayer advocate kicks out a ...

We are from the government and we are here to help you. Most people would run screaming at this point. In this case, it is good news. The IRS is offer free tax help The tax code is huge. Throw in the regulations interpreting the code and it is gargantu...

The IRS is offering a new split tax refund option this year for parties that choose direct deposit for their tax refunds. Why? The agency wants to promote savings. Let’s be honest. What is the first thing you do when you get a tax refund? Do you pay ...

There is a general implicit agreement between Congress and the IRS regarding tax changes. Congress agrees to make all tax code changes before November, but broker the agreement this year. If you think you are the only one with tax deadlines, you are n...

Traditionally, one has looked to claim the payment of state income taxes as a deduction on federal taxes in one form or another. Recent legislative changes have added sale tax payments into the equation. In 2004, a unique tax code was passed as part of...

As we start marching towards April 15th, taxes are probably the last thing on your mind. Well, you need to start thinking about them. The good news is you have some new deductions and credits this year. Every year, the government passes a variety of l...

As you recover from the holidays and New Years, you probably are going through a bit of a lull. Well, it is time to wake up because a few key tax deadlines are quickly approaching. The 1099 Deadline Approaches When most people think of taxes, they ...

In the good old days, the IRS seemed to be unable to deal with the concept of online auction sales. Alas, the good old days are over. If you are an EBay seller, you have to report your earnings. Dealing with Taxes if You Sell on EBay In many ways, ...

As we turn into the new year, hope springs eternal. In other news, it is almost tax season. Here are a few hints to help you get ready and keep the pain of preparing taxes to a minimum. Advice On Getting Ready to File Your Taxes Well, the holidays ...

Next to the CIA, there seems to be no more mysterious governmental agency than the IRS. The method used by the agency to set rules and regulations is actually open to the public. Setting Rules and Regulations at the IRS Many people are a bit confus...

In a classic case of tax cut and run, the Republican Majority in Congress passed a bevy of tax laws before losing control of the legislative branch. Here is the scoop. The Last Minute Tax Changes By Congress It had to be a pretty humorous couple da...

What could be better than getting an advance on your tax refund from the good ole IRS? Well, you better give some thought to the fees you are paying for that advance. Avoid Pay Stub and Tax Refund Loans America is a capitalist country and home to m...

As we turn to 2007, it is almost time to start thinking about the unthinkable. Yep, taxes. So, what developments can we expect to see in 2007 on the tax front? Tax Developments in 2007 Taxes and death, the two things you just can’t avoid. Well, ho...