Articles Index

Protect Your Business Profits by Incorporating
Protect your business profits from excessive taxation by choosing the best form of business organization for your needs. Incorporating versus independent contractor. Compare partnership, limited liability companies, S-corporations, C-corporations, and sole proprietor.

Taxes 101: Five Basic Ideas
Tax forms can be pretty scary. And sometimes your favorite tax software doesn't make things easier. Fortunately, there's some very basic ideas which can help you understand what taxes are all about.

Eliminate Your Taxes by Living the American Dream
You can substantially reduce or eliminate your income tax by saving for retirement, owning a home, sending your kids to college. Here's how tax planning paid off for a married couple.

Tax Planning Basics
The goal of tax planning is to arrange your financial affairs so as to minimize your taxes. There are three basic ways to reduce your taxes. You can reduce your income, increase your deductions, and take advantage of tax credits.

Protect Your Business Losses by Incorporating
New businesses often have several years of losses before becoming profitable. The IRS may disallow your losses if you are filing on a Schedule C. You can protect your losses from an IRS audit by incorporating your business.

Donating Property to an S-Corporation
Dear Tax Guide, I recently started my own S-Corporation. Can my business depreciate the cost of property I donated to the business? How I can figure out how much to depreciate?

Taxes and Freelancing
Tax tips and strategies for freelancers, independent contractors, and self-employed people. There are special circumstances that apply to freelance writers and other creative professions, so I will highlight what you need to know to prepare your taxes and to avoid IRS investigations.