Business Pundit

The countdown is on! If you haven’t yet file your 2008 tax return (or an extension), now’s the time to get busy. If you make a mistake in your rush to beat April 15th, the processing of your return could be delayed, which means you won’t recieve… Read more

A lot more of us are working from home these days, but does that mean you can (or should) take advantage of the home office deduction? Maybe. Read on to find out. The Threshold to Claim the Home Office Deduction is High You in fact may do… Read more

If you’re like me you’re just now starting to feel the pressure from the taxman looming overhead. My documents are due to the accountants today. So far I’ve gotten to the pulled-the-folder-out-of-the-cabinet stage. I look forward to a taxing… Read more

Did you tap into your 401(k) or IRA in 2008? Naughty, naughty taxpayer. If you took an early distribution from your retirement plan, you should know you’ll probably be punished. Early Distributions From Retirement Accounts Are Hit With 10%… Read more

What do wealthy parents know that you don’t? For starters, they’re well aware that children’s investment income is often taxed at a much lower rate than their parents’. This can include interest, dividends, capital gains and other unearned… Read more

Isn’t it great when your employer subsidizes your higher education? Education is a wonderful benefit if you can get it and turning in that reimbursement form may feel great, but many employees are surprised when they find at the end of the year… Read more

Michael Rozbruch is a leading expert on resolving individual and small business problems with the IRS. He says tax audits are on the rise and worse – as a small-business owner, you are among the largest source of uncollected taxes. That makes… Read more

Okay, one more tax related post and then I’ll shut up. Promise. Huffington Post, Forbes.com, and others reported earlier this year that actor Nicholas Cage is being accused by the IRS of improperly using his production company, Saturn, to write… Read more

We’ve all been there.  You know you spent hundreds on office supplies, but how much?  It’s so much easier to create a simple system for tracking expenses than to scramble for receipts, or worse yet – guess, come tax time.  Review these… Read more

If you’re on top of things, your 2007 tax return is either filed or extended.  If not, what are you doing reading this?  If it all felt a little yucky this year take heart.  It doesn’t have to be that way.  With a little planning and… Read more