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82Tax Deductions for Self Employed People
Sole proprietors and other "self employed" people are subject to the self employment tax in addition to regular income taxes. The self employment tax is 15.3% and is basically payroll tax, but self employed...
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72eBay and PayPal Must Report to the IRS
Earlier this year, Congress passed a housing act designed to help people from defaulting on their mortgages. Buried deep in that act was a provision that requires credit card processors - including...
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54Tax Deductions For Home Owners
There are many tax benefits to owning a home, including the ability to deduct your mortgage interest and real estate taxes and other tax incentives. In addition to the most common deductions - mortgage...
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56Social Security COLA Could Be 0% For Next Few Years
Social Security recipients received one of the highest increases in their retirement benefits since the 1980s. Too bad that increase may have to last them a few years. If you are retired and receiving...
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63Common Social Security Retirement Questions
Baby boomers will be retiring by the millions over the next two decades, which leaves many of them wondering about Social Security. They have questions such as... We've heard for decades that Social...
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73Tax Benefits For Hiring Your Children
Many home based business owners put their kids to work helping out with easy tasks such as emptying the trash, stuffing envelopes, and maybe even some light data entry tasks (depending on how old the children...
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71Is Your Child Required to File a Tax Return?
As kids get older, it is inevitable that they will want more money to buy things like clothes, music, a new car, etc. Many kids will get a job or even start their own business to meet their demand for more...
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70Does the IRS Consider You Self Employed?
With all the income opportunities on the Internet, more and more people are blogging, setting up websites, and selling stuff on eBay. It's no surprise then that one of the most frequently asked tax questions...
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