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Tax is most often the bane of all profits. There are those who forget to pay their taxes and suddenly find themselves prosecuted. Tax has a way of creeping up on you. However, we all need to pay taxes, do we not? Tax is just one of those little irritations that we all must . . . → Read More: The Advantage of Tax Software and How to Get It

The first known income tax that Americans were legally required to pay was enacted during the 1860s, and the Presidency of Abraham Lincoln. The Civil War was proving very costly to fund, and the President and Congress created the Commissioner of Revenue and enacted a law requiring citizens to pay income tax.

Originally, the . . . → Read More: When Do You File a Tax Return?

You may have a less taxing time this April if you let computer software do much of the hard work filing with the IRS.

You won’t be alone. According to IRS data, more than 68 million tax returns were filed electronically last year, with more than 17 million taxpayers filing their own returns online. . . . → Read More: What to Look for in Online Tax Prep and Filing Software

The taxes that are withheld from paychecks amount to about 25% of your gross pay (including federal tax, state tax, social security tax and medicare tax). But these taxes that are withheld could be working for you as investments if you employ what I call the ultimate tax strategy. This tax strategy consists of . . . → Read More: The Ultimate Tax Planning Strategy

Debt Resolution, IRS Settlements Offer Help for Serious Tax Problems

San Mateo, Calif., – With tax day behind us, consumers and business owners who owe the IRS are not out of the woods. But while death and taxes are the big two inevitabilities, those with serious tax problems should know that it is possible . . . → Read More: Don’t Delay In Managing IRS Tax Debt