Posts Tagged ‘irs’
How do health insurance tax deductions work for a member managed LLC?
Posted by admin in Tax Questions on July 17th, 2010
I own a business (LLC) with two other people. It is only us three; we do not have any additional employees. We pay for our health insurance through our business. Based on these facts, I was wondering how much I stand to save on my personal taxes. Is this a standard write off like any other business expense or does the IRS treat health insurance differently?
How do charitable donation tax deductions work?
Posted by admin in Tax Questions on July 7th, 2010
I am possibly moving across the country and am considering donating all my furniture and most of my belongings to Goodwill or the like as an option for getting rid of stuff. I make 38,287 a year, how much (value) would I have to donate in order to have it be tax-deductible?
Someone told me that unless I make above a certain amount of money that I can’t make charitable deductions, that deductions are only available to people in higher income brackets. Is this true?
Any website, (other than IRS) that explains this stuff in plain English?
Recovery: Energy Tax Credits-Claim It - January 2010
Posted by admin in Tax Questions on May 4th, 2010
Taxpayers who are making energy efficient improvements to their home or who are purchasing certain alternative energy equipment and vehicles will want to watch this video. This video has all the details on how you can reap the benefits of these purchases when you file your 2009 tax return.
IRS Giving Bogus Tax Breaks?
Posted by admin in Tax Questions on April 23rd, 2010
Treasury inspector general on alleged million in falsified breaks given
