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Starting A Business (File: Starting a Business.pdf)
Date Posted: 12/03/14
Do you have an entrepreneurial spirit? Do you dream of being your own boss? Many people have the desire and solid ideas for starting a new business, but they either lack the courage to take the first step or they don’t know where to start. Here is some information that may help guide you in taking those first steps.

Tax Deductions for Truck Drivers (File: Tax Deductions for Truck Drivers.pdf)
Date Posted: 12/03/14
For tax deductibility purposes, it is very important for you as a truck driver to maintain accurate and detailed records of incurred expenses. Your employer may even require you to use a log book for recording dates, times and amounts of expenses. Come tax time, the log book will prove useful for determining the deductibility of travel expenses.

Tax Tips for Day Care Providers (File: Tax Tips for Day Care Providers.pdf)
Date Posted: 12/03/14
Starting Your Day Care Business You have made the decision to take on one of the most challenging activities—becoming a day care provider. Whether you care for one child, or several, it’s important to keep in mind that you are operating a business and you should keep accurate income and expense records.

Tax Tips for Military Personnel (File: Tax Tips for Military Personnel.pdf)
Date Posted: 12/03/14
Members of the military and their families may be eligible for special tax benefits. This brochure presents a brief summary of some of the special tax provisions that may apply. For federal tax purposes, the U.S. Armed Forces includes officers and enlisted personnel in all regular and reserve units controlled by the Secretaries of Defense, the Army, Navy and Air Force. The Coast Guard is also included, but not the U.S. Merchant Marine or the American Red Cross.

Tax Tips for Owners of Rental Property (File: Tax Tips for Owners of Rental Property.pdf)
Date Posted: 12/03/14
How is Rental Income Reported? For most taxpayers, the income collected from renting property is reported on Schedule E, Supplemental Income and Loss. If two or more people jointly own rental property, they can elect to form a partnership that holds the property and passes the income through to them.

Tax Tips for Self-Employed Taxpayers (File: Tax Tips for Self-Employed Taxpayers.pdf)
Date Posted: 12/03/14
Conducting business as a sole proprietor is one of the simplest forms of operation. It’s easy to start a business operated as a sole proprietorship and equally easy to discontinue.

Tax Tips for the Clergy (File: Tax Tips for the Clergy.pdf)
Date Posted: 12/03/14
If you qualify under federal tax laws as a “minister of the gospel,” there are a number of special tax rules that apply to your situation.

The Benefits of E-filing Your Tax Return (File: The Benefits of E-filing Your Tax Return.pdf)
Date Posted: 12/03/14
The electronic filing (e-filing) of tax returns was not always a common practice. In 2001, only 31 percent of all federal tax returns were e-filed. By 2011, approximately 77 percent of all federal tax returns were filed electronically. Why would almost 112 million taxpayers choose to e-file?

The Home Office (File: The Home Office.pdf)
Date Posted: 12/03/14
With easy Internet access, more and more people are choosing to work from home. Having a home office may provide tax savings, but can also create headaches when you decide to sell your home.

Traditional IRAs (File: Traditional IRAs.pdf)
Date Posted: 12/03/14
What is an IRA? An individual retirement account (IRA) is a trust created in the United States for the exclusive benefit of you or your beneficiary. Pending certain guidelines, it allows you to defer up to $5,500 of income from current taxation in 2013 and 2014. A married couple can defer a total of $11,000 for 2013 and 2014. If you are age 50 or over, you may contribute an additional $1,000 for both 2013 and 2014.

What is AMT (File: What is AMT.pdf)
Date Posted: 12/03/14
What is AMT & Why Do I Have to Pay it? Congress, like most of us, has a budget to work with. A large part of their budget comes from federal income taxes. The federal income tax system is meant to be fair and progressive. To make sure everyone is paying a fair amount of income tax, and not reducing their tax bill too low, an “alternate” system called alternative minimum tax (AMT) was created.

Your Tax Appointment (File: Your Tax Appointment.pdf)
Date Posted: 12/03/14
Start preparing early for your tax appointment by compiling a list of the documents you expect to receive based on last year’s statements and this year’s activities. Collect documents and information into a central file as it is received throughout the year.

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