We all love to criticize the IRS, don't we? It's easy to ridicule a huge organization of government bureaucrats who often seem to be Public Enemy #1. Our negative attitude toward the IRS can lead to a strong desire to just ignore it altogether. But self-employed people who ignore the IRS do so at their own peril. So when it comes to providing free information about taxes, let's not throw the baby out with the bath water. The IRS does provide some excellent resources t...

"In America there are two tax systems, one for the informed and one for the uninformed. Both systems are legal." One of America's most famous jurists, Justice Learned Hand made this statement over forty years ago. When used today, one would certainly have to include the little understood world of Individual Retirement Accounts (IRA’s). The point I am making here is that we all need to keep ourselves informed about what IRA alternatives are available to us. Being uniformed ...

The United States is a nation of entrepreneurs. There are literally tens of millions of self-employed individuals that enjoy pursuing their dream business. Of course, few of you enjoy the paperwork and confusing tax issues that arise from owning your own business.

The inheritance tax is the same thing as the estate tax in the United States, but with a different name depending on the country that you are talking about.

Getting married is the greatest day for 50 percent of couples. The other 50 percent get divorced. Perhaps the marriage tax penalty has something to do with it.

As you know, raising a family is a full time job and can put stress on your finances. Fortunately, you can claim a tax credit to help cut your IRS bill if you have kids.

Making energy-efficient home improvements and purchasing fuel-efficient hybrid electric vehicles is no longer just an environmentally friendly move--making these purchases could save you money at tax time.

Every dollar that you can rescue from taxes can be put to use to grow your wealth; here is a concept to create the most beneficial deductions.

Conserving energy is on the minds of most Americans today. With gas prices skyrocketing, everybody is looking for ways to save energy, which translates into saving money. If it takes $500 to heat your home in the winter, imagine how much it costs to heat a huge factory. Obviously any company building a factory needs to be as frugal as possible. Now, you can learn from their innovations. In a heartening move against resource guzzling habits of big industry, Texas Instrum...

Another year has come and gone and what’s really changed? Are you sitting in roughly the same place you were last year at this time with respect to your taxes–wondering what you could have done differently in your business to positively affect your year- end tax bill?

When you finally decide it is time to prepare your taxes, the first question is whether you should itemize your deductions or take the standard deduction provided by the IRS.

There are three main areas we need to keep in mind as the year ends, and remember to revisit the idea of converting your 10 largest expenses