Taxes

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Tax Secrets - How Drew Miles Helped Me (21 Mar 2006)
Learn these simple tax saving secrets to save you tons of money...

Avoid Paying Capital Gains Until The Ripe Old Age of 70 (21 Mar 2006)
Avoid paying capital gains taxes by using this little-known tax-deferral strategy that has been around since the 1950s. You can even defer them until 70 years of age.

Write Off Your IPod as a Business Expense (21 Mar 2006)
If you've been eyeing those sleek new iPods, but you didn't like the price tag, Uncle Same wants to help you buy one...

It Is Better To Receipt, Than To Give (Without One) (21 Mar 2006)
When filing an income tax return the taxpayer needs to support any deductions claimed with valid third party receipts, but it losing one fatal to the deduction? Not necessarily, reviewing the legislation and some caselaw give taxpayer's hope, but no guarantee that they may be able to deduct without a receipt.

New IRS Rules for Vehicle Donation (21 Mar 2006)
The new IRS rules have changes the amount donors can claim as a tax deduction for their car donation. Donors can no longer use the Kelley Blue Book to determine the value of their donated car.

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1031 Exchange Tax Deferred Benefits Are Hard to Ignore (21 Mar 2006)
Section 1031 of the Internal Revenue Code contains arguably one of the most powerful provisions of the tax code for real estate investors… the 1031 tax exchange. Many highly successful real estate investors have used this tax code provision in combination with aggressive pyramiding and upgrading strategies to amass huge investment property portfolios. Here's how it works:

Fraudulent Tax Shelters – KMPG Goes Down Hard (21 Mar 2006)
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, but nine of its executives still are under indictment.

Hurricane Katrina – How To Use Your Business Loss To Get A Refund on 2004 Taxes (21 Mar 2006)
With the massive losses caused by Katrina, the economy of the Gulf Coast region is in extremely bad shape. Fortunately, there is a quirk in the tax code that can help you generate a large refund from your 2004 taxes.

Another Tax Loophole (21 Mar 2006)
You need working capital and you needed it yesterday. This is a short and funny story about what one small business owner did.

Taxing Overseas Firms for SOX Compliance (21 Mar 2006)
The Sarbanes-Oxley Act, also called the Public Company Accounting Reform and Investor Protection Act of 2002 was signed into law on July 30, 2002 by President Bush. In the aftermath of Enron, Arthur Andersen, Global Crossing, and WorldCom, SOX promises greater corporate accountability and transparency.

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