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| Articles by Thomas Ajava |
541. The Tax Lesson From Nortel's Bankruptcy Filing
September 10, 2009
Filing bankruptcy is obviously not something most people want to do. Given the current economic times, however, it goes without saying that many people simply do not have much of a choice. If you are considering it, learn a lesson from the tax implications of the recent Nortel bankruptcy filing. ...
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542. The IRS Audit Principle
September 10, 2009
Next to a really bad health diagnosis, the thing most people fear is an IRS audit. The idea of sitting face to face with an agent who is going through your records with a fine tooth comb is enough to make even the manliest man shiver. The key to defeating this fear is knowledge.
The first t...
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543. The Dreaded IRS Notice in the Mail
September 10, 2009
What a week. It was long and stressful and you tried to get that project done. Thank God Friday is here! You head home looking forward to a relaxing weekend. You park and grab the mail from the box. Bill. Bill. Junk mail. Netflix movie…letter from the IRS. Oh, no.
How realistic is this scen...
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544. Tax Issues with Gambling Winnings and Losses
September 10, 2009
Like to play the ponies? Hooked on Texas Hold’em? Enjoy spending a day in a Casino out of the elements? Gamblers may love a bit of gambling, but there is a tax side to your gaming that you need to keep an eye on or suffer the wrath of the IRS.
The first thing to understand is gambling winni...
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545. Enter Installment Agreements with the IRS with Open Eyes
September 09, 2009
It has been a rough few years and many people have been having cash flow problems. In light of this, many have faced major tax problems based on the simple fact they don’t have the money that is due. One option in such a situation is an installment agreement, but you need to enter it with your eyes ...
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546. Is It A Good Idea To Pay Taxes with A Credit Card?
September 09, 2009
The last two years have seen people suffer financially on a scale not seen since the Great Depression. From lost jobs to huge debt loads, things have been ugly. Many people filed extensions on their taxes and now they are coming due. What if you don’t have cash on hand? Is paying with a credit card ...
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547. Tax Issue: Do You Have A Hobby or Business?
September 09, 2009
Many people pursue hobbies that can easily become small businesses. Since they do it for love, they tend to not realize they have a business when they start selling the fruits of their labor. This can lead to problems when the IRS makes a determination your have a business and should’ve been paying ...
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548. Getting a Tax Break From Theft Losses
September 09, 2009
You head off for a very enjoyable weekend. Upon returning home, you find the house has been broken into and valuable items taken. As surprising as it might sound, this may raise some tax issues.
Most people carry homeowner’s insurance that covers theft losses. If you don’t, you are nuts. It...
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549. Warning - The Making Pay Refund Tax Scam
September 03, 2009
Paying taxes is just about the least favorite thing for most people. Getting scammed on a tax subject is even worse, but a new Making Work Pay Refund scam is going around and you need to be aware of it so that you don’t fall prey.
There are criminals and then there are criminals with nerve....
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550. How You Cheat Yourself on Taxes
September 03, 2009
Tax time rolls around and what do you do? You complain about the amount of tax you pay to the federal and state government. This is a time honored tradition among Americans, but you might be surprised to learn that some of the fault is your own.
The tax code is big and complex. This goes wi...
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Author: Thomas Ajava
