Category: Taxes

What are Tax Shelters?

It hardly matters whether you are a salaried individual or a businessman, when it comes to paying tax. The deduction calculated on your earnings always takes its toll on...

Here are Some Important Tips on How to Get Rid of Tax Debt

It’s income tax time again, Americans: time to gather up those receipts, get out those tax forms, sharpen up that pencil, and stab yourself in the aorta. –...

5 Easy Steps That Explain How to Calculate Tax Liability

Calculating tax liability is not exactly a very difficult task. After all, the calculation is nothing but a simple arithmetic computation. In addition to that, the rules...

What is Deferred Tax Liability and How it is Calculated

The concept of deferred tax liability is an idea which a student of commerce should know about. There are many accounting fundamentals that you need to grasp when...

IRS Debt Forgiveness

Taking into consideration the recent economic recession, the administration has made some vital reforms to the federal tax tables. These reforms, also known as the IRS...

Tax Debt Forgiveness

The recent economic recession that was observed in economies all over the world, saw the emergence of many weird and uncommon situations in the courts of law. All the...

Go Green and Save Money With Hybrid Cars Tax Credit 2011

President George W. Bush signed the Energy Policy Act of 2005, which considerably changed the energy policy of in the United States. As a measure to promote the use of...

Easy Ways to Claim Tax Credits on Home Improvement

The Internal Revenue Service (IRS) releases a large amount of tax deductions every fiscal year for the benefit of taxpayers. Such deduction lists are principally used to...

Reap the Benefits: Tankless Water Heater Tax Credit

What type of water heater are you thinking of buying? Well, you can choose either a tank water heater or a tankless model to serve your purpose. Tank water heaters that...

Federal Tax Credits for Consumer Energy Efficiency

The energy efficiency tax credit was first introduced in the year 2009 as part of the American Recovery and Reinvestment Act (ARRA). The tax credit still continues and...