List of Tax Articles

CPA Moms - Services Offered
Tax Preparation
Electronic Filing
Incorporating Services
Representation before IRS
Non Profit Tax Services
Accounting
Bookkeeping
Home
Lastest Tax News
List of Tax Articles
Additional Resources
Want to Join CPA Moms?
Got a Questions for a CPA Moms?

Subject: *
E-mail Address: *
Attention To:
Your First Name *
Your City *
Your State *
Your Question *
* Required

 

What are CPA - Tax Moms?

CPA Moms no4“CPA - Tax Moms” are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. 

This is a picture of Beth.  She is an ex H & R Block Supervior and Trainer of 15 years.  She is the mother of five growth children.   

Some "Mom" work from home, other work from personal offices.   Beth works from a home office. 

Not all are Moms, there are some Dads.  We call them Mr. Tax Moms and CPA Dads. 

Each Mom is independent.  Once you start working with a Mom, you will keep the same “Mom” year after year regardless of where you move or relocate.


Being in a “relaxed” environment has many advantages.  Lower overhead, faster response time, more availability, etc.
 
To be a member of the CPA or Tax Moms, the Tax Professional must ALWAYS be in good standing with their state licensing agency (if there is one), experienced, and must demonstrate  a high level of ethics, professionalism and proficiency. 

Tax Net Inc, the parent company, has developed marketing and on line systems to help qualified Tax
Professionals work from their “relaxed” environment and offer better service at a lower price to the consumer. 

Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work.   Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.


For reliability and dependability of the “Moms” organization click on the Better Business Bureau icon below.

  • Income Tax Help
    There are many websites on the Internet today that gives much needed income tax help for those who have no idea of whats going on during tax time. Income tax is a tax paid on income, unfortunately no...
  • Tax Deferral Power and Protection
    What is a Tax-Deferred Annuity? A tax-deferred annuity is a contract between you and the insurance company with guaranteed interest and guaranteed annuity income options. There are no upfront sales charges...
  • What To Do If You're Being Audited
    Audits are regularly issued by the Internal Revenue Service (IRS). There are two main reasons why an individual or business may be audited by the Internal Revenue Service (IRS). Random audits are not as...
  • Estate Tax: What It Is And How It Is Filed
    According to the Internal Revenue Service (IRS), an Estate Tax is a tax that is imposed on your right to transfer your property and belongings after your death. The individual who is in charge of handing...
  • Seeking Opportunity
    Seeking Opportunity What is opportunity? Would you recognize it if you sawit? Is it an external set of circumstances out therein the world or is opportunity a matter of internalchange? I say opportunity...
  • Victims of Hurricane Katrina - IRS Gives Tax Relief
    In response to the devastation along the Gulf Coast, the IRS is giving tax relief to victims of Hurricane Katrina. The following steps are expected to be expanded upon in the next few weeks. The IRS seems...
  • Earned Income Credit
    This is perhaps one of the best ways the government has introduced, to date, to raise families out of poverty, while requiring them to remain productive citizens. The Earned Income Credit is a refundable...
  • Minister's Housing Allowance
    Churches often provide ministers of the gospel with the free use of a home, which is often called a parsonage. The value of the parsonage is not subject to income tax up to the rental value of the home....
  • Five *Superb* Tax Shelters For The Long-Term
    Five *Superb* Tax Shelters For The Long-Term Consider these 5 Tax Shelters to SLASH your income taxes over the long term. 1. Your Castle=Sweet Tax Goodies Homeowner taxpayers who are married can exclude...
  • Top 7 Ways To Minimize Your Income Taxes
    Are you paying too much in income taxes? Are you getting all the credits and deductions you are entitled to? Here are 7 tips to help you minimize taxes and keep more in your pocket:1. Participate in company...
  • FEATHERING YOUR RETIREMENT NEST
    FEATHERING YOUR RETIREMENT NESTWhat will you look for as you approach your "golden" years? Will it be an affordable condo on the golf course with room for the grandchildren to visit? Must it be close to...
  • How The Gift Tax Works
    Each year millions of Americans give a gift to other individuals that they know. Gifts can be considered anything from a new vehicle, to a trip, to a piece of land. A gift tax is a tax that is imposed...
  • IPA Reveals CPA Firm Trends, Record Growth
    Sept 12, 2006 — The nations 100 largest public accounting firms saw fees grow a record-breaking 16.5 percent for fiscal year 2005-2006, and all 100 experienced positive growth, according to a new report....
  • What Do You Know About The IRS
    Few things threaten your well-being like the harassment and anxiety of persistent tax problems. Most people make 3 mistakes that get them in trouble with the IRS. They procrastinate. They attempt to represent...
  • Dealing with the IRS
    Its funny how three simple letters can create such fear and loathing in your average citizen. But the IRS are people too. Keep this in mind and youll find that dealing with the IRS will be easy and stress...
  • Tax Deduction Software - Calculate Your Earnings
    We all love computers and the fact that it exists to make our jobs simpler. And they have invaded the field of taxation like never before.A multitude of tax deduction software is available in the market...
  • Phishing, Identity Theft and Scams
    The Internal Revenue Service has issued several consumer warnings on the fraudulent use of the IRS name or logo by scamsters trying to gain access to consumers financial data in order to steal their assets....
  • S Corporations - Filing The Election
    Getting a corporation designated as an "S" can be a bit confusing. If you are committed to getting an "S" corporation, here is how you do it. "S" CorporationThe "S" in S corporation refers primarily to...
  • Tax Season - Time for Scams
    As tax season draws irresistibly closer, the scam artists are polishing their latest techniques. This article should help you keep an eye out for these nasty individuals.Tax Season - Time for ScamsIn a...
  • When to use Quicken for Mutual Fund Recordkeeping
    While you might assume any mutual fund investor should use Quickens mutual fund record-keeping tools, that isnt the case. Because investment record keeping, including mutual fund record keeping, requires...
  • Choosing A Business Tax Service
    There are a number of ways that you can find tax services companies. The yellow pages is a good place to start for companies in your area but, depending on where you live, the list of names may be extremely...
  • How To Prepare Your Income Tax Return
    The first step in your income tax preparation is to work out your total income. A persons total income includes many kinds of receipts such as wages, interest, alimony, lottery winnings and many more....
  • How to Choose The Right Tax Software For You
    If you already use some form of personal financial management software such as Quicken or Microsoft Money then it is worth buying tax software that is compatible with this and can incorporate the figures...
  • Hackers Given Access to IRS Computers?
    The Treasury Department inspector general has reported a distinct weakness in the security surrounding the IRS computer systems. Unlike the problems found with other security systems, this one is human.The...
  • Who's Afraid Of The Big Bad IRS?
    Whos afraid of the IRS?Lets face it: We All Are!And with good reason . . . IRS horror storiesabound, and we all know someone whos beenthrough an IRS audit and lived to tell about it.So the purpose of...
  • Corporate Profits Are Moving Offshore
    Corporate Profits Are Moving OffshoreByWilliam CatePublished September 2004[http://home.earthlink.net/~beowulfinvestments/][http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]According...
  • Thinking of using Dubai as an offshore jurisdiction?
    Think Again! Read below for a comparison.This is an interesting jurisdiction. In Dubai there are no taxes of any sort one has to contend with, so there is no tax filing and no tax audits, etc. Most offshore...
  • Innocent Spouses - Relief from Taxes
    Historically, tax issues arising from bad marriages fell into the category of "better or worse" for marriages. The IRS granted no innocent spouse tax relief, but has changed its views.Tax ReliefWhen a...
  • Do You Need Life Insurance
    It can be very difficult to decide if you need life insurance. Life insurance can be an extremely onerous financial commitment and investment, and it will also last for a considerable period of time, so...
  • Quick Facts on Disability Insurance
    Quick Facts About Disability Insurance§The sole purpose of individual disability insurance is to replace your after-tax income in the event of an accident or illness. These policies do not provide protection...
  • IRS Gives Victims of Hurricane Katrina More Relief
    The IRS has announced further tax relief for victims of Hurricane Katrina due to slow clean up efforts and obviously devastated areas. The IRS is giving relief to both businesses and individual taxpayers...
  • Tax fraud and Internal Revenue Service (IRS) Tools
    What is tax fraud, and how does our government control it? Thats a really big question to answer, so lets break it apart and answer it in two different paragraphs. Tax fraud is the intentional avoidance...
  • Do You Need Life Insurance
    It can be very difficult to decide if you need life insurance. Life insurance can be an extremely onerous financial commitment and investment, and it will also last for a considerable period of time, so...
  • The Internal Revenue Service
    Do you ever wonder, how a country that revolted because of the unfair taxation of tea, came to be under the tight control of the Internal Revenue System? It seems kind of ironic, doesnt it, that the very...
  • Tax Fraud
    What is tax fraud, and how does our government control it? Thats a really big question to answer, so lets break it apart and answer it in two different paragraphs. Tax fraud is the intentional avoidance...
  • Taxes, Income And Other Ones
    The story of American income taxes begins 1812.The 1st attempt to inflict an income tax on Americana occurred as a result of the War of 1812. At the end of two years of war, the federal government owed...
  • Obtaining a Federal Income Tax Refund
    "Youre getting an income tax refund"! Those are the words that every taxpayer would love to hear. A federal income tax refund occurs if the tax you owe is less than the sum of the total amount of refundable...
  • Phone Tax Refunds to Range from $30 to $60
    Phone Tax Refunds to Range from $30 to $60 Washington (Sept. 1, 2006) The Internal Revenue Service announced that long-distance telephone customers will be able to seek refunds ranging from $30 to $60...
  • Tips For Preparing Your Taxes from the Internet
    When it comes to preparing our taxes, many of us could use some help. The following websites offer guidance and information that may assist you in learning about how to get the most out of filing your...
  • Compromising With The IRS
    Few things threaten your well-being like the harassment and anxiety of persistent tax problems. Most people make 3 mistakes that get them in trouble with the IRS. They procrastinate. They attempt to represent...
  • How Wealth Tax Is Better Than Income Tax
    Wealth TaxDo you want to move money from the wealthy to the poor? Well, tax wealth.Wealth tax causes far less market distortion, and hence, much fairer than income tax. Wealth tax hurt productivity less....
  • Fraudulent Tax Shelters - KMPG Goes Down Hard
    In the largest criminal tax case ever filed, KMPG has copped a plea to using fraudulent tax shelters to bilk the government out of 2.5 billion dollars. KMPG has agreed to pay a fine of $456 million dollars,...
  • IRS Reports Tax Gap of $300 Billion
    The Internal Revenue Service is reporting that the difference between what U.S. taxpayers owe and actually pay on time totals more than $300 billion a year. Studying over 46,000 tax returns for individuals...
  • A Big Tax Loophole Just Got Bigger
    Believe it or not, there are ways to convert taxable incomeinto non-taxable income, without any fear of an IRS audit.Heres one of my favorites. Its been part of our belovedtax code for over 30 years,...
  • IRS Audit - A True Story
    Who does not fear an IRS audit? We all do. We all fear the face to face, exhausting, unpredictable and time consuming interaction with the Internal Revenue Services agent.We all have that scary feeling...
  • How To Contact The IRS Without Breaking Into A Sweat
    We all love to criticize the IRS, dont we? Its easy to ridicule a huge organization of government bureaucrats who often seem to be Public Enemy #1.Our negative attitude toward the IRS can lead to a strong...
  • Tax Credit for Going Solar
    As we sit in the middle of winter, most people cant believe how high their utility bills are. Going with solar energy can lower your bills and you get a hefty tax creditSolar Tax CreditSolar energy is...
  • Use Child Tax Credit for Tax Savings
    Now, heres a real tax savings to the individual taxpayer with dependents. The child tax credit is a direct federal income tax credit based on the number of dependent children in your family. This federal...
  • Find the Right Service to Prepare Your Taxes
    It is possible to save money on your tax preparation fees by doing some advance preparation of your own. Make sure that you organize your paperwork and receipts to save time and ensure nothing is missed....
  • Sales Tax: What It Is And How It Is Imposed?
    A sales tax is a tax that is placed on the purchases of goods or services. The federal government does not have a national sales tax. Qualifying products or services are only taxable by a particular state...
  • Will You Make The 39 Cent Mistake This Tax Season?
    When it comes to filing your tax return, spending 39 centscould be the biggest mistake you ever make. Millions of taxpayers make the mistake of putting theirincome tax return in a regular letter-sized...
  • Tax Refund Email Scam - IRS Warning
    The IRS has issued a warning regarding a phishing email scam. The scam claims you are due a tax refund, but is really designed to obtain your personal information. Tax Refund Email ScamPhishing scams are...
  • What are the taxes on earnings?
    Almost all governments across the globe are funded- in some form - by the taxation of its citizens. Certain of the taxes are collected at the time of sales or service whereas certain others in a 12 month...
  • Tax Relief Program Information
    Just about everyone in the U.S. tax system tries to voluntarily comply with the tax laws. We are required to file tax returns and pay the correct tax amount owed to the government. Not complying, threatens...
  • IRS Reacts to High Gas Prices
    As most small businesses are aware, a tax deduction can be taken for mileage incurred in normal business travel. In light of high gas prices, the IRS has upped the mileage rate. Major IncreaseNothing is...
  • Which 1099 Tax Forms concern you?
    Its tax time again and you must be sure to receive all the necessary forms. What is a 1099 tax form and who gets one? A Tax Form 1099 is used to report income other than wages, salaries and tips. Here...
  • Translation of Internal Reports & Communications
    In todays global economy, it is not only trade that is international. Its the companies and their employees too. Therefore its increasingly common to have companies with a variety of languages spoken...
  • A Quick Guide To Payroll Tax
    The term Payroll tax actually includes the Social Security tax, Medicare tax and Federal income tax. The Social Security tax provides benefits for retired workers, the disabled their dependents and it...
  • Do not let IRS make you Wait for the Wrong answer.
    Its widely known that, if you hit a snag while doing your taxes you can call IRS for answers and you if you wait long enough you will get an answer, but is it the right answer?Quote: "Two years ago it...
  • Tax Advantages Of Incorporating A Business
    The tax advantages of incorporating a business is one of the main reasons that owners choose to incorporate their businesses, no matter what market they work in. Other types of businesses, such as sole...
  • Tax Records - What You Should Keep And For How Long
    Many taxpayers are confused about how long they should keep tax records. The term "tax records" refers to your tax returns and the documents that support the information in the returns. These documents...
  • Personal Income Tax Returns
    Personal income tax, as we know it today, was originally enacted by Congressional law during the ratification of the sixteenth Amendment in 1913. Although we have experienced many changes to the system...
  • Your Tip Earnings and Taxes - Corrected
    If you work in a service where you get tips, guess what? The IRS expects you to report them and pay taxes on them. Your Tip Earnings and TaxesThe internal revenue service takes a very simple approach to...
  • GIVE A LITTLE, GET A LOT
    According to a new survey carried out by Alliance & where ID_NUM=9270;Leicester, one in five small business owners view tax astheir greatest concern. The Chancellor has announced in hislast budget that...
  • Family Limited Partnership Overview, Part II
    Income Tax BenefitsFLPs also provide a number of valuable income tax benefits to the partners. Among these benefits are the following:* Allows pass through of items of income, expense, credit and deduction...
  • Income Tax Return Filing 101
    The month of April rolls around and most of America is getting ready to prepare their income tax returns.Every year everyone who made an income are required to report income to the federal and state governments...
  • IRS Levy And Garnishments
    Unfortunately to many of us the Internal Revenue Service (IRS) is one branch of government that can never be our friend and is often feared by some less reputable business owners. When the IRS is owed...
  • Network Marketing ( Opportunity or Scam )
    According to a new survey carried out by Alliance & where ID_NUM=9270;Leicester, one in five small business owners view tax astheir greatest concern. The Chancellor has announced in hislast budget that...
  • Standard Mileage Deduction Rates - 2005 and 2006
    If youre in business, youre interested in the IRS mileage deduction rates. The 2005 rates fluctuated because of high gas prices and now the 2006 rates have been released. Standard Mileage Deduction -...
  • Tax Evasion
    What is tax evasion, and how does our government control it? Thats a really big question to answer, so lets break it apart and answer it in two different paragraphs. Tax evasion is the intentional avoidance...
  • IRS wants its cut of celebrity freebies
    Outreach program reminds the beautiful people that nothing -- not even awards show swag bags filled with watches, electronics and trips -- is truly free. Movie stars who took home those lavish gift...
  • How And Where To Find Valuable Tax Information
    Taxpayers have two options when filing a federal or state income tax return. Taxpayers can have their tax returns professionally prepared or they can prepare their own taxes. Whatever tax preparation option...
  • Taxing Your eBay Profits
    As a small business person-slash-advice columnist I dread the first quarter of the new year. Not because in my mind my own business fortunes start at zero again every January or because I have already...
  • Federal Income Tax
    Federal income tax is withheld from the pay of almost all employees. Employee pay is inclusive of salaries and wages, bonuses, commissions, and vacation allowances. It is the responsibility of the employer...
  • Convert To Roth IRA Regardless of Income - 2010
    An odd quirk in the recent legislation to extend the Bush Tax Cuts is giving IRA holders a huge break. For one year, and one year only, the income cap will be gone. Convert To Roth IRA Regardless of Income...
  • how to compute tax withholding amount
    Having the correct tax withheld for the year is important for a couple of reasons. Having too little taxes withheld and most likely you will need to pay taxes, and having too much withheld means that you...
  • Who's on Your Tax Lien Investing Team?
    Are you feeling overwhelmed? Have you been wanting to start investing in tax lien certificates or tax deeds but dont know where to start. Every successful endeavor requires a support team. Tax lien investing...
  • Understanding Basic Tax Terms
    If your like many, you dont always understand what people are talking about when it comes to Taxes. Its important to know the main tax terminology, especially when tax season comes around. Knowing the...
  • Automatic Extension Requests For Businesses
    The internal revenue service has recently been taking steps to cut down on clutter and streamline the tax filing process. Now theyve simplified business tax return extensions. Automatic Extension Requests...
  • Highlights of IRS List of 2005 Tax Scams
    Each year, the IRS lists various scams taxpayers get caught up in. The top 2005 scams include several that manipulate laws governing charitable groups, abuse credit counseling services or rely on refuted...
  • INCOME TRUSTS INSIDER INFORMATION
    Copyright 2005 AAA Consumer Credit SolutionsConfessions to CARP and 50 Plus and to all Canadian Seniors:If the Ontario Securities Commission is still searching for the Culprit who leaked to the public,...
  • The History of the Internal Revenue Service
    Do you ever wonder, how a country that revolted because of the unfair taxation of tea, came to be under the tight control of the Internal Revenue System? It seems kind of ironic, doesnt it, that the very...
  • Social Security Tax
    You should be able to find several indispensable facts about social security tax in the following paragraphs. If theres at least one fact you didnt know before, imagine the difference it might make....
  • Top 7 Ways to Select a Book Topic That Sells
    According to a new survey carried out by Alliance & where ID_NUM=9270;Leicester, one in five small business owners view tax astheir greatest concern. The Chancellor has announced in hislast budget that...
  • GO OFFLINE FOR ONLINE PROFITS
    According to a new survey carried out by Alliance & where ID_NUM=9270;Leicester, one in five small business owners view tax astheir greatest concern. The Chancellor has announced in hislast budget that...
  • IRS Lock-In Letters - What's An Employer To Do?
    Employers often ask employees to designate the amount of tax withholdings for paychecks. Occasionally, employees will fail to withhold a sufficient amount in the eyes of the IRS. The IRS will then send...
  • How To Turn Business Losses Into Cash Flow
    By Christopher Raynalwww.masteraccountants.co.nzYou have permission to publish this article electronically or in print, free of charge, as long as the bylines are included. A courtesy copy of your publication...
  • Earnings From Abroad and Taxes
    With the every expanding global economy, many people receive earnings from foreign entities. Unfortunately, the federal government wants you to pay taxes on it. Taxes on Your Earnings From AbroadThe federal...
  • Options For Preparing Your Taxes
    When tax season rolls around each year the are a number of individuals who need to decide how their tax returns will be prepared and filed. Each taxpayer has a number of tax preparation options. These...
  • I'm being audited by the IRS-Now what?
    How does the IRS decide who gets audited? The IRS uses a recently updated formula and scoring system to evaluate tax returns. If something seems out of whack- -like low income accompanied by extremely...
  • Filing An Income Tax Return
    When the month of April rolls around most of America is preparing their income tax returns. Each year all individuals who made an income are required to report that income to federal and state governments...
  • Tax Filing: "Scams That Tax Payers Need to Avoid"
    Studies have shown that most of the tax agencies manipulate the tax laws and try to look for the loopholes in them for tax deductions and benefits. Getting involved in tax scams can be avoided if you understand...
  • A Home Business Tax-time Tip
    "Unreported Income:" The best way to get the IRS to send you a love note suggesting you two get together for a chat. That means an AUDIT!If you received W-2s and/or 1099s, guess who else got copies? Yup,the...
  • Executive Bonus Plans
    Your key employees are a big reason for your business profitability. Its in your best interest to keep them happy by recognizing their contribution and rewarding them for it.Management surveys show that...
  • What To Do If You Didn't Get a Form 1099
    If you earned revenues as an independent contractor in 2005, you should have received a 1099 Form for the work. So, what if you havent received one? What To Do If You Didnt Get a Form 1099If you earned...
  • 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...
  • Capital Gains Tax
    The current tax system imposed on corporations by the U.S. government is at best, a biased system; for corporations that have a net profit, taxes on those profits amount to a full one-third. So, if youre...
  • How to Save Taxes with an S Corporation
    How to Save Taxes with an S CorporationEver wondered why so many small businesses--more than 3,000,000 at last count--operate as an S corporation? Simple. An S corporation saves business owners big taxes...
  • Single and Multi Owner LLC Taxes
    LLC owners must report their business income and losses on their personal income tax returns Similar to a sole proprietorship or partnership you must report your income to the IRS. An LLC is not a separate...
  • How Likely Are You To Be Audited?
    Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing individuals in 2003 when compared to 2002. The increase was approximately 14%, but still constituted only 6.5 audits for...
  • What Is Ayurvedic Medicine
    According to a new survey carried out by Alliance & where ID_NUM=9270;Leicester, one in five small business owners view tax astheir greatest concern. The Chancellor has announced in hislast budget that...
  • IRS Fails as a Tax Adviser
    The Internal Revenue Service conducted a study of the quality of telephone advice it provides to taxpayers. It found that only 27% of callers actually received complete answers to their questions. Almost...
  • Is Education Tax Deductible?
    Families with children already in college may qualify for tax deductions for educational expenses. The maximum Hope credit is available for the first two years of undergraduate school. It allows for $1500...
  • Get Help From A Tax Attorney
    All the people have to handle tax problems, which can be very difficult if you have to manage these troubles by yourself. And things can get worse if one day the IRS comes knocking on your door. You dont...
  • Helpful Tax Tips For Federal And State Tax Returns
    Each year there are millions of Americans who prepare their own federal and state tax returns and even more individuals have their taxes professionally prepared. Whatever choice a taxpayer makes there...
  • What Is An Inheritance Tax And When Is It Applied?
    When an individual passes, on the federal government imposes an estate tax. This estate tax only applies to estate properties that are over one million fifty thousand dollars. The federal government is...
  • Tax Treatment for Coverdale IRAs
    A number of publications, including my own, have mistakenly reported over the past year that Coverdale IRAs, formerly known as Education IRAs, are tax deductible. Coverdale IRAs are not tax-deductible.Originally...
  • Tax Tips for IT Consultants and Contractors
    I live and work, quite literally, down the road from the main Microsoft campus. No surprise, then, that Im commonly asked by freelance consultants for the best ways that these self-employed independent...
  • Federal Income Tax Deduction
    The American laws are great fun to play with if you know how to handle them, but better be sure you know the rules, or else you fall into trouble.The federal income tax deduction is a statutory requirement...
  • Collecting The Levy
    The Financial Management Service (FMS) is a bureau of the Department of the Treasury, to provide a centralized debt collection service to most federal agencies. The FMS has begun utilizing two Congressionally...
  • History Of Taxes In America
    The first attempt to impose an income tax on America occurred during the War of 1812. After more than two years of war, the federal government owed an unbelievable $100 million of debt. To pay for this,...
  • The Legalities And Issues With An IRS Levy
    An IRS levy is an order from the Internal Revenue Security directing TVA to withhold a specified amount of an employees pay to satisfy a tax debt. If the IRS determines that we owe back tax then it may...
  • 2006 List of Tax Scams Released by IRS
    Every year, the IRS issues a list of tax scams. The goal is to alert taxpayers to the lack of merit of certain strategies as well as letting everyone know the IRS will not accept them.2006 ScamsThe IRS...
  • Your IRS Tax Appeal Rights
    Are you in the middle of a disagreement with the IRS? One of the guaranteed rights for all taxpayers is the right to appeal. If you disagree with the IRS about the amount of your tax liability or about...
  • Tax Preparation Software
    Web-based tax preparation services have a few advantages over their desktop counterparts for certain categories of users. So, if you have avoided doing your taxes online until now, you should start considering...
  • Tax Debt Relief
    One of the first steps to enjoying tax debt relief is learning the language of the IRS, so that you can talk to a professional about your options. Youve already gotten all the notices and forms from the...
  • Personal Exemptions
    Thanks to the complexity of the United States tax codes, the system itself, and the variations of tax codes from state to state, completing your personal tax return and maximizing your deductions and exemptions...
  • Correspondence From The IRS - Yikes!
    Its a moment every person dreads. You pick up the mail and there is an envelope from the IRS. Its not a refund check. What do you do?Dont PanicEach year, the IRS sends out millions of "correspondence...
  • Is Selling On eBay Just A Hobby Or A Real Business?
    Small Business Q&A with Tim KnoxQ: I made extra money selling things on eBay last year. These were items I picked up at yardsales mostly. My husband says I am responsible for paying income tax on the money...
  • IRS Enforced Collection
    IRS Enforced Collection- now there is a term that will get your attention. I get certified mail from IRS every day on behalf of clients. Even though I have no tax problems myself, every day I catch myself...
  • RETIREMENT TAX HAVENS
    RETIREMENT TAX HAVENSFinancial planning is really life planning. Choosing a home, particularly a retirement home, involves many factors. With state and local taxes on the rise, retirees should look closely...
  • Health Savings Accounts and Taxes
    HSAs have a "triple" tax advantage from a federal tax standpoint. Individuals receive full tax advantages for HSAs on their Federal Income Tax return (or through a salary reduction program in certain employer-sponsored...
  • Rent Your Home Up to 14 Days a Year Tax Free
    The tax law provides that if you rent your home for fewer than 15 days a year that the rental income is not included in your gross income (Section 280A(g)). That means that you can take a two-week vacation,...
  • Last-Minute Tax Help
    Even if in most cases people dont want to hear about the word "taxes" until March, preparing early and staying organized will give you no headaches later. But, for most of the people, the deadline is...
  • Is Tax Lien Investing Still Profitable?
    Tax Lien Investing is not the secret of the wealthy anymore. Do to late night infomercials and high priced investment seminars that tout buying tax lien certificates as a high yielding investment, more...
  • Tax Savings Tips for the Small Business
    Deferring incomeShifting taxable income from the current to the next tax year is useful only if you expect your next years income to be equal or less than your current years one.* Waiting for a bonus?...
  • Is Your Ebay Income Taxable?
    The income you get from selling items on eBay is just like the income you get from any other business: it is taxable, at least in theory. In practice, many get away without declaring profits from their...
  • Child Tax Credit
    Now, heres a real savings to the individual taxpayer with children. The child tax credit is a direct tax credit that is available to provide credit to taxpayers with income below certain established levels....
  • Tax Accounting
    Accounting is the recording, interpretation and reporting of financial transactions. Each and every business must keep proper record of all such transactions. There are several branches of accounting such...
  • Hachem Avoids Paying Taxes on WSOP Winnings
    Joe Hachem is still riding the fortunate wave that began for him about seven months ago in July of 2005.Under Australian law, a citizen does not have to pay income tax on any money earned from pursuing...
  • Truly Bizarre Taxes: The Tax on Illegal Drugs
    One can never underestimate the enthusiasm that politicians have for trying to hunt up tax revenues. The creativity of some politicians can lead to bizarre taxes and unfortunate results.Taxes on Illegal...
  • The Role Of A Tax Collector
    The County Tax Collector is as independent government agency and is elected for a four-year term in the Presidential election year. It is essential that a County Tax Collector is independent to ensure...
  • 1099-MISC Forms For Independent Contractors for 2005
    As we begin 2005, youre probably not thinking about taxes at all. This is a mistake as deadlines are approaching for issuing and filing 1099s to independent contractors.What is a 1099 MISC?Generally speaking,...
  • Know A Tax Cheat? Get Paid To Tell The IRS
    According to the IRS, taxpayers underpay their taxes by some $300 billion. If you know someone that is contributing to that deficit, the IRS may be willing to pay you up to $10 million for the information...
  • Avoid Annuity Tax Problems
    Millions of investors own retirement annuity accounts but few are aware of the tax implications when the annuity is passed to an heir or beneficiary. A little known tax fact is that income tax on an individually...
  • Income Tax Returns Your Accountant Should Not File
    Income Tax Returns Your Accountant Should Not Fileby J. Stephen PopeYouve been feeling uneasy (perhaps even guilty) becauseyouve failed to report your under the table business income. Perhaps youve...
  • Identity Theft - Impacting Your Taxes?
    If your identity is stolen, your finances can quickly become a nightmare. A less obvious problem is the effect identity theft can have on your taxes.Identity TheftGenerally, thieves steal your personal...
  • There Is No Such Thing As Tax Simplification!
    Im a little upset right now, so please bear with me. Idont get upset very often - you can always tell becausesmoke starts coming right out of the top of my bald head! -but Im here to tell ya, this...
  • Income Tax Season
    The tax season for most all individual tax payers falls during January, February, and March each year. Its the time of year that most citizens look forward to receiving a refund or they dread because...
  • Roth IRA Contributions
    Confused about whether you can contribute to a Roth IRA? Try using these simple rules:IncomeTo contribute to a Roth IRA, you must have compensation (e.g., wages, salary, tips, professional fees, bonuses)....
  • Industry Tax Issue Resolution Program
    For roughly the last ten years, the internal revenue service has made a fairly major effort to be more taxpayer friendly. The Industry Tax Issue Resolution Program is one such step.Industry Issue Resolution...
  • Failure To Pay Employment Taxes - Penalties
    As an employer, you must pay employment taxes if you have employees. Fail to pay and the IRS will rain all over your parade. PenaltiesIf you have employees, you absolutely must deduct and withhold various...
  • Rearrange Your Affairs For Maximum Tax Savings
    One way to maximize your business profits is by reducing your taxes.Frequently, income and other taxes could be lowered significantly if only the taxpayer were willing to plan ahead. By taking some simple...
  • Advantages And Disadvantages Of Using Tax Software
    Each year millions of Americans have their taxes prepared by a professional tax preparer. Having tax returned professionally prepared reduces the likelihood of errors being reported on a tax return; however,...
  • Unclaimed Tax Refunds: How To Claim Yours
    When a taxpayer owes money on their taxes they need to pay the amount owed before the traditional April 15th deadline. If the amount owed on taxes is not paid before the deadline, then federal and state...
  • 10 Thoughts on Tax Offer in Compromise
    Beware of advertisements that claim to settle tax debts for"pennies on the dollar". Check the Offer In Compromiserequirements to see if it is right for you.1. If you are unable to pay a tax debt in full,...
  • Alternative Minimum Tax - Online Tool
    Hell hath no fury like a person who just found out the alternative minimum tax applies to them. The IRS has set up an online tool to figure out if you do. Alternative Minimum TaxThe alternative minimum...
  • Tax Invoice
    A tax invoice is a legal document that offers a look at what the GST is for a transaction. Read on to learn about your obligations for issuing, holding, and supplying the different types of tax invoices.You...
  • "A Future So Bright - Learn From Their Mistakes!"
    According to a new survey carried out by Alliance & where ID_NUM=9270;Leicester, one in five small business owners view tax astheir greatest concern. The Chancellor has announced in hislast budget that...
  • New Support For Website and Graphic Design Firms
    Professional web and graphic designers work very hard for their fee, theres no doubt about it. With these professionals working hard to provide great client service, meet strict deadlines, be creative...
  • Tax Software Alternatives
    There are many different tax programs, which are adequate to different kinds of needs, so the users have various options. For taxpayers with more complex tax situations, TurboTax software would be the...
  • Currencies, Taxes and Citizenship
    Currencies, Taxes and CitizenshipBy William CateJuly 2004[http://home.earthlink.net/~beowulfinvestments/][http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]Would you accept...
  • Small Employers Rejoice - IRS Simplifies Filings
    On of the largest burden on very small employers is dealing with taxes. Fortunately, the IRS has taken a major step to reduce this burden.Quarterly Federal Tax Returns - Not!There are millions of small...
  • Do Income Taxes Threaten Your Well Being?
    Few things threaten your well-being like the harassment and anxiety of persistent tax problems. Most people make 3 mistakes that get them in trouble with the IRS. They procrastinate. They attempt to represent...
  • Taxes and Bankruptcy: The Nuts and Bolts
    Taxes and Bankruptcy: The Nuts and BoltsThe filing and subsequent discharge of either a Chapter 7 or a Chapter 13 bankruptcy may eliminate some types of personal income tax liability. There are, however,...
  • IRS Extends Tax Deadlines for Katrina Victims
    Following Katrina, the IRS acted quickly to relieve victims of any tax burdens. One step was to extend any tax filing dates to late October and now those dates have been extended again. Emergency Tax Relief...
  • Getting The Biggest Benefit From Tax Help
    Taxes are a way of American life. They are own duty to pay and file. Many people go in search of someone to help them when tax time rolls around. Tax help seems to be in abundance from January 1st to April...
  • Taxpayer Advocate - Customer Service at the IRS
    Every business has a department that deals with complaints from customers. At the IRS, this department is known as the taxpayer advocate office. Advocating for YouThe purpose of the taxpayer advocate office...
  • Income Tax Software - The Best Ones On The Market
    There are several income tax software programs available on the market to help you complete your yearly taxes. These programs offer tax tips, checklists, and error checking messages to ensure that required...
  • What is a Dependent?
    Other than fitting the description of a constant liability, what other qualifying attributes must one have, to be classed as a dependent, and how do you determine this for tax purposes? The following paragraphs...
  • WHY INCORPORATING CAN MEAN AMAZING TAX SAVINGS
    According to a new survey carried out by Alliance & Leicester, one in five small business owners view tax astheir greatest concern. The Chancellor has announced in hislast budget that companies with profits...
  • Anatomy of a Successful E-Business Web Site
    According to a new survey carried out by Alliance & where ID_NUM=9270;Leicester, one in five small business owners view tax astheir greatest concern. The Chancellor has announced in hislast budget that...
  • Tax Credits for Retirement Savings
    It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering tax credits to change this for some of us.Tax Credits for Retirement...
  • Employment Taxes - Depositing With The IRS
    If your business has employees, you must pay employment taxes. The payment system can be a bit confusing, so this article discusses how to go about depositing employment taxes with the IRS.Depositing Employment...
  • Getting a Tax Credit for Your Kids
    As you know, raising a family is a full time job and can put stress on your finances. Fortunately, you can claim a tax credit to help cut your IRS bill if you have kids.Getting a Tax Credit for Your KidsWith...
  • Seller Benefits
    As a prospective seller, are you burdened by being... * Over encumbered? * Upside down in a rental property? * Faced with foreclosure or short sale? * Tired of waiting for a buyer? * Drowning in expenses...
  • Social Security and Our Current Tax System
    Every week that you work, there are taxes deducted from your gross payroll that are distributed to the Social Security Administration, along with other programs administered by the government. Of all the...
  • The Principles On Paying Tax
    Why Tax Loop Holes Must ExistA long long time a go, in a country far far away, in China to be exact, there was a hunter that put nets in 4 sides of the forest. The hunter wanted to catch all animals. Then...
  • Need a Copy of Your Tax Return Information?
    Taxpayers have two easy and convenient options for getting copies of their federal tax return information -- tax return transcripts and tax account transcripts -- by phone or by mail.A tax return transcript...
  • GETTING OUT OF THE GRIP OF THE IRS IS EASY
    Now for almost nothing you can get out of the Struggling Grip of the IRS with this new booklet. FOR RELEASE DURING January through April 2003 FOR FURTHER INFORMATION CONTACT: Joe J. Trevison -814-456-2601...



On the pages of this web site you will find additional tax information that has been collected from many independent sources.   Each article or news item offers a different point of view, but not necessary the CPA Moms.  
This information is for general information only. 

   If you desire to ask a specific question, feel free to contact me.


 

 

 


 

 

 

Privacy Policy ......... About Us   ......   Disclaimer ..... Copywrited 2005 - 2006 & Developed by   Tax Net Inc