2008 Taxes

Author Archives: Steve

Tax Advice for Newly Weds

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The Internal Revenue Service (IRS) offers useful tips for newlyweds when it comes to filing tax returns.  In many cases, filing a joint return may allow for more savings but taking time to review whether or not you should file separately, will help both parties determine the best option.  There are several factors to keep in mind that will help minimize mistakes which could delay the processing of your return.

  • Determine which filing status to file and discuss whether or not to change your filing status.  Many are comfortable in continuing to file separately after marriage.
  • Make sure names
  • Read more at 2008 Taxes.

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Ensuring Charitable Contributions are made to Qualifying Organizations

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The Internal Revenue Service (IRS) grants organization eligibility in receiving donations and giving them a tax-deductible status.  Qualified organizations meet requirements upon obtaining the status that allows taxpayers to claim charitable deductions.  You may ask the organization about their status in which they should be able to provide you with details.  There is also a listed publication (IRS Publication 78) available through the IRS that lists qualifying organizations.

The most common way in determining if the organization is qualified is to review organization types.  There are 5 general types of organizations that will have an assigned status such as … Read more at 2008 Taxes.

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Tax Carnival Ecstasy – September 27, 2011

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Welcome to the September 27, 2011 edition of Tax Carnival Ecstasy. The best 6 article submission received for this weeks tax carnival. Judy has a great article on ways to save money for those working through a budget. Robert has instruction on what tax filing status you should select for your situation. Tommy John presents some ways to save on tax filing. While Robert completes the carnival with a post on investing in tax lien certificates. Hope you enjoy the articles, bookmark, share, tweet, like on Facebook and follow the carnival next week.

Judy Blackburn presents 5 Ways to Save

Read more at 2008 Taxes.

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Seven Great Ways to Get an IRS Audit.

TurboTax - Federal FREE Edition

If you really, really want an audit, the following list will show you exactly how to get one:

(1) Get Paid in Cash – If you’re a waiter or waitress, market trader or professional gambler, then you get paid in cash a lot. To the IRS this means you have an opportunity to hide some of that cash. This makes you a more likely target for an audit.

(2) Get Yourself a Bank Account in Another Country – Nothing makes them more keen on going through your finances than you stashing some of that lovely money in a foreign country. … Read more at 2008 Taxes.

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Tax Deductions Can Help To Improve Your Bottom Line

TurboTax - Federal FREE Edition

Small Business Often Overlooks Tax Deductions

You can have a successful tax season in your small business if you plan all round the year so that the deductions are maximized. This requires that tax matters should be kept in mind at all times, and you must constantly look for methods of reducing your bottom line, while continuing the profitability of the company.

Expenses for Start-Up

The expense of starting a business is quite often overlooked by small businesses and this can give one quite an advantage when the tax season is being considered. It is possible to deduct the expenses … Read more at 2008 Taxes.

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