Finance Tax Time http://financetaxtime.com financetaxtime.com Thu, 21 Aug 2008 12:43:02 +0000 http://backend.userland.com/rss092 en IRS Certifies 2006 Toyota Hybrid for Clean Fuel Deduction The Internal Revenue Service has certified the 2006 Toyota Highlander Hybrid as being eligible for the clean-burning fuel deduction. This certification means that taxpayers who purchase one of these hybrid vehicles new during calendar year 2005 may claim a tax deduction of up to $2000 on Form 104...]]> http://financetaxtime.com/2008/08/21/irs-certifies-2006-toyota-hybrid-for-clean-fuel-deduction/ Tax Lien Certificates There are two types of government tax sales used in the United States: one is tax deed sales and another is tax lien certificates. These certificates are issued against delinquent taxpayers who have not complied to pay their property taxes. A tax lien certificate has a face value of taxes owed al...]]> http://financetaxtime.com/2008/08/20/tax-lien-certificates/ How To Claim The Discount Points On Your Income Tax Return Internal Revenue Service (IRS) allows the deduction of the discount points on your income tax return. Discount points which are one of the most important tax deductions to homebuyers are paid upfront to reduce the mortgage payment.

Calculate the Discount Points

Each point equal...]]> http://financetaxtime.com/2008/08/19/how-to-claim-the-discount-points-on-your-income-tax-return/ Tax Lawyers - What to Look for in a Tax Attorney If you have trouble with the Internal Revenue Services (IRS), or your local state's tax department, attempting to settle the matter without the assistance of a tax attorney may prove unfavorable. Tax regulations are exceptionally complicated. Those unfamiliar with the various tax laws should rel...]]> http://financetaxtime.com/2008/08/18/tax-lawyers-what-to-look-for-in-a-tax-attorney/ IRS Holding $2 Billion In Unclaimed Tax Refunds Every year, the IRS announces that it is holding unclaimed tax refunds. Taxpayers have a limited time to claim the $2 billion dollars the IRS is currently holding.

Three years is a magical number when it comes to tax returns. It refers to the statute of limitations on certain tax issues suc...]]> http://financetaxtime.com/2008/08/17/irs-holding-2-billion-in-unclaimed-tax-refunds/ Battling the IRS There was once a song about battling the law and losing. Fortunately, battling the IRS is possible and sometimes inevitable.

Battling the IRS

There comes a time when many Americans must take action against the IRS. The IRS can come down swiftly and without mercy against taxpayers for ...]]> http://financetaxtime.com/2008/08/16/battling-the-irs/ How Can I Qualify For A Mortgage Tax Deduction When buying a home there are many tax benefits you can take advantage of, including a mortgage tax deduction. Besides a real estate deduction, a mortgage tax deduction can be a great benefit. The only main qualifier for the tax deduction is that the amount, including for the primary and any secon...]]> http://financetaxtime.com/2008/08/15/how-can-i-qualify-for-a-mortgage-tax-deduction/ Understanding Capital Gains Tax To understand the capital gains tax, we must begin by understanding exactly what is meant by "capital gains". Capital gains is the income that a person gets from the sale of an investment. These investments may take the form of a piece of real estate property like a house or a farm. It can also...]]> http://financetaxtime.com/2008/08/14/understanding-capital-gains-tax/ Tax Debt Attorneys Tax debt attorneys advise tax defaulters or tax creditors, or go to court on their on their behalf. Tax debts might be incurred by the defaulter due to financial problems like layoffs, divorce, prolonged unemployment, illness, or accidents. Tax debt attorneys work on how to get a good deal for th...]]> http://financetaxtime.com/2008/08/13/tax-debt-attorneys/ Honda Natural Gas Cars Issued Massive Tax Credits By IRS Between global warming and massive increases in fuel prices, many people are reconsidering their transportation. Honda has two natural gas cars the IRS absolutely loves.

In 2005, the federal government passed a new energy policy act that created tax benefits for the use of alternative fuel ...]]> http://financetaxtime.com/2008/08/12/honda-natural-gas-cars-issued-massive-tax-credits-by-irs/ Tax Debt Lawyers There are many people who are not in a good financial position to pay their taxes on time. As a result, they get termed as tax defaulters due to their inability to pay taxes. Tax debt lawyers are legal specialists who possess the necessary knowledge and experience required for handling such cases...]]> http://financetaxtime.com/2008/08/11/tax-debt-lawyers/ Need an Offshore Sales Office in a Tax Free Environment The 100 year old investment-banking firm of Warburg, Dillon Read (on Park Ave. N.Y.) (now UBS Warburg) has offices in 39 foreign countries - including the Bahamas, the tiny Cayman Islands, Hong Kong and the Channel Islands. Makes you wonder why, doesn't it?


Non-...]]> http://financetaxtime.com/2008/08/10/need-an-offshore-sales-office-in-a-tax-free-environment/ Tax Relief Attorneys Tax-relief attorneys are attorneys who help taxpayers with tax-related issues and, in particular, assist taxpayers with obtaining all of the tax relief that they are eligible for from the federal and state tax authorities. Most tax-relief attorneys focus on providing their clients with services r...]]> http://financetaxtime.com/2008/08/09/tax-relief-attorneys/ Navigating The Internet Sales Tax Laws QUESTION:
I have been contacted by my local city government to say that my business is scheduled to be audited to determine if I owe any sales tax from items purchased on the Internet. Can they really make me pay this tax? I thought you could buy things online tax free? -- Katie R.

AN...]]> http://financetaxtime.com/2008/08/08/navigating-the-internet-sales-tax-laws/ What IRS Requires for Your Home to Qualify as Your Principal Place of Business Your home may be considered your principal place of business based on the following factors:

The relative importance of the activities performed at each location, including your home, where you conduct business.
If the relative importance factor does not determine your principal pla...]]> http://financetaxtime.com/2008/08/07/what-irs-requires-for-your-home-to-qualify-as-your-principal-place-of-business/