Personal Taxes
Learn how to save, find some little-known deductions, get the latest in tax breaks, and more in our Personal Taxes articles section.
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Sole Proprietors: Are You at Risk for a Tax Audit?
What many small business owners do not know is that filing as a sole proprietorship could put you at risk for being audited.
· 3 min read
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Does Your Kid Owe Taxes?
How early should kids learn about paying taxes? Chances are, it's sooner than you think. Even if your child is a dependent (under the age of 19 or a full-time student under the age of 24, receiving more than half of his or her support from a parent), he or she any be required to file a tax return.
· 1 min read
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How to Avoid a Tax Audit
Here are some steps you can take to reduce your chances of being chosen for a tax audit.
· 7 min read
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6 IRS Audit Red Flags to Avoid
About 1 to 2 percent of all tax returns are audited each year, here are some red flags the IRS looks for that you can avoid.
· 3 min read
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What Are Federal Tax Brackets?
Different levels of income are taxed by the U.S. government at different rates. The IRS uses federal tax brackets to determine the rate to be paid on each level of taxable income.
· 1 min read
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Why and How to File Back Taxes
The IRS is typically willing to work with taxpayers who make an effort to get caught up on their tax filing obligations. Filing back taxes can help you avoid drastic IRS collection efforts.
· 4 min read
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Is My Hobby Income Taxable?
Many people earn a little income from activities that are more hobby than business, but you might not realize that income is taxable in the eyes of the IRS.
· 3 min read
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Advantages of Using Online Tax Services
Online tax services can save you time and money.
· 3 min read
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Self-Employment Tax: What to Know and How to Calculate It
Self-employment taxes require quarterly payments calculated at a higher rate than employees who have their payments deducted from each of their paychecks.
· 2 min read
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How to Claim the Home-Office Deduction
Working from home offers many attractive perks in terms of flexibility and convenience. Make sure that you also maximize your home office from a tax perspective by claiming your home office deduction.
· 4 min read
