Taxes

Have you recently realized that you made a mistake on a prior years tax return?  No need to worry, you can go ahead and file an amended return.  Usually the IRS will catch mistakes such as math errors or missing forms like W-2's or 1099's, but you should go ahead and file an amended return in the

I just published a new lens at squidoo on Saving Taxes with S Corporations. While it's not for everyone, there could be significant savings on self employment tax. The Squidoo lens goes through an example of a business owner with the same income under all the different entity types (S Corporation,

S corporations and limited liability companies. I will be holding a bisnick event on September 18th that will explain the difference between the various entities and the potential tax savings available in S corporations, LLC's, C corporations and sole proprietors. listen Powered by Jott

It's not too late to get your Economic Stimulus Payment from the IRS!  If you still haven't filed your 2007 tax return, you must do so by October 15th to receive your Stimulus Payment.  Remember that if you don't normally file a tax return but want the stimulus check then you must file a return for

Here's a recipe for holiday cheer: Sweeten your year-end portfolio update with tax savings. Just remember to start planning now to achieve the best result. Here are strategies that can help: Wash sales. Thinking of selling a security before December 31 to take advantage of a capital loss? To

"Countdown" time is here again, with reminders everywhere pointing out how many days are left until anticipated events. While you're marking your calendar, remember that countdown time is great for tax planning, too, because it means you can still implement strategies to reduce your tax bill. Here