How To Avoid Taxes

It’s often said that there are two things we can depend on in life: death and taxes. The former will certainly remove all worry about the latter, but until it happens, you have to pay taxes. The Chicago crime king of the 1930s, Al Capone, got away with murder — literally, but it was not paying …

How Long Should I Keep Tax Records

QUESTION:

How long should I keep my tax returns?

ANSWER:

One of the questions I am asked most often, both as an accountant and as a tax preparer, is how long should you hold on to records and files, receipts and bills, and the like.

First of all, it is my belief that you s…

Knock-Knock-Knock

Knock-Knock-Knock

Who’s there?

The IRS!

The next quarterly payment of estimated income tax for
the self-employed is not far off. Network marketers who
receive a form 1099 at the end of the year, and/or who
are expected to owe $1,000 or more in taxes, must file
a form 1040-E…