Here are the top ten articles for the Taxes Site! These rankings are live and get reset at the beginning of each month, so check back often to see what your fellow visitors are most interested in!
1. What Exactly Is Adjusted Gross Income
What exactly is Adjusted Gross Income (AGI)? AGI is a tax term for a particular figure on a personal federal income tax return. When you are preparing or reviewing your federal personal return it is helpful to have an understanding of how this number is used in calculations.
2. Requesting an Extension of Time To Pay Your Taxes
So you owe the IRS money on your current year’s tax return or you filed your return for last year without paying the balance due and now you received a balance due notice from the IRS. Not sure what to do? Read on for some possible options.
3. Why We Pay Income Taxes
When was the first income tax levied and why? The telling of this tale of taxes is unfortunately not a child's storybook tale but there have been many big bad wolves around for years huffing and puffing and blowing hot disagreeable taxing air.
4. Is my Investment Loss Deductible for my Taxes?
You can’t turn on a TV, Radio or Computer these days without hearing about the economy and the plummeting values of investments. So you might find yourself wondering if your losses for the year in the value of your investments is deductible for tax purposes...
5. Earned Income Tax Credit
Taxpayers who have earned income and meet specific requirements may be eligible to receive the Earned Income Tax Credit. EITC is a refundable credit which means if you meet all eligibility qualifications, even if you do not have a tax liability or federal withholding you are entitled to the refund.
6. Tax Facts - Deductible Holiday Gifts For Clients And Employees
Tis the Season – it’s time for being generous to your employees and clients and customers, to show your appreciation and to share in the spirit of the holiday season. Are those gifts deductible business expenses?
7. Tax Savings, Contributions, Homeless Pets
If you are looking for a reason to donate to Animal Shelters and Animal Rescue Organizations there’s the obvious opportunity to take a tax deduction if you itemize; and then there’s the opportunity to extend true charity and kindness by helping to care for rescued homeless animals.
8. AARA 2009 - Tax Deduction for Vehicle Purchases
The 2009 American Recovery and Reinvestment Act puts money into the struggling economy with individual and business tax relief. The goal is to stimulate growth and sales, including vehicle sales. If American made cars disappear, what’s next to disappear - baseball, hot dogs, and apple pie?
9. Taxes, Socialism, Redistribution of Wealth
The Republicans have focused on the story of Joe the Plumber and spreading the wealth. They used this story to label Democrats as socialists. But it is a fact that one of our first tax credits for tax and wealth redistribution was created during the Republican Reagan presidential term (per CNN).
10. Nobody Likes Tax Season - A Preparer's Thoughts
Some thoughts of a professional Tax Preparer after twenty plus years of preparing taxes.
Be sure to visit the Taxes Archives
for all the articles!
Editor's Picks ArticlesTop Ten ArticlesPrevious FeaturesSite Map