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Archive for the ‘Tax Tips’ Category

Six Tips for Paying Estimated Taxes

04.01.2011 · Posted in Tax Tips

Estimated tax is a method used to pay tax on income that is not subject to withholding. You may need to pay estimated taxes during the year depending on what you do for a living and what type of income you receive. These six tips from the IRS will provide you with a quick look at ...

Standard v. Itemized Deductions

03.09.2011 · Posted in Tax Tips

  When filing your federal income tax return, taxpayers can choose to either take the standard deduction or to itemize their deductions. The IRS has put together the following six facts to help you choose the method that gives you the lowest tax. Whether to itemize deductions on your tax return depends on how much ...

Don’t Get Burned in Barters

02.16.2011 · Posted in Tax Tips

Bartering is the trading of one product or service for another. Because cash usually isn't exchanged, bartering is appealing to artists and small business owners alike. But did you know that a barter has tax implications? ...