Learn everything you need to know about keeping your profits from the IRS legally.

Today in the US it's possible to donate a vehicle (usually a car, but it can be a truck, boat or any other type of transportation) to certain charities, and in return be able to claim a tax deduction on your income tax return.

Every year, several thousand people develop an interest in "going into business." Many of these people have an idea, a product or a service they hope to promote into an in come producing business which they can operate from their own homes.

If you run a small business or engage in self-employment activities, you may need an Employer Identification Number (EIN) issued by the IRS, whether or not you have employees.

The fifty year low interest rates hovering around five percent may be coming to an end. Home buyers need to take action fast.

Income tax benefits and income tax expenses are retained by the grantor, thus he pays income taxes on the income of the trust. Income taxation system bears progressive character.

Obama claims that he plans to pay for his spending increases by taxing corporations and the rich, while cutting taxes to the middle class. What he does not tell you is that his tax plans will essentially raise taxes on the poorest Americans.

This year the talk of the town in DC is the big stimulus package that was passed by both Senate and Congress. It includes some tax rebates for the middle class and the Green Energy Industries.

Do you own a corporation but don't think you'll complete the 2008 corporate income tax return by the March 16 deadline? This article explains how to file an extension without a hitch, giving you until September 15 to file the return.

The power of the $8,000 tax credit for first time home buyers should not be underestimated.