Jack Mintz is the Executive Director at the University of Calgary in Canada, and he is lobbying the Conservative government to reduce investors' taxes and increase their maneuvering room in produc…
Who Doesn’t Pay Income Tax
Some groups are exempt from federal income tax under the tax code. One of these categories are not-for-profit organizations, or section 501(c)3 organizations, which refers to the section of the IRS co…
Oil Well Investing Can Give Tax Benefits for Business
When you're running your own small business, one of the best ways to increase your profitability is to find more ways to legally reduce your taxes. A common way to reduce small business tax is to …
Income Tax Contradiction for Illinois Civil Union Couple
Couples in civil union in Illinois are facing a problem when it comes to filing their income tax. Under Illinois law, couples in civil union, are considered as married. However, federal law does not c…
Amazon Will Dump Affiliates To Fight California Sales Tax Law
As per the new Californian sales tax law, having affiliates in the state is equivalent to having one's own presence in the territory. This is not well accepted by Amazon.com. Opposing the sales ta…
How to Save on Taxes For Business
Business owners can save on taxes by setting up an S corporation.
The savings can be realized in three different ways. As compared to a regular C corporation, S corporation owners can use the busin…
Expert Tax Saving Tips
Most people would just like to hide out and avoid tax season altogether, but since that isn't an option, there are some expert tax savings tips that can make it a lot easier, at least. It helps if…
Save on Taxes in Canada By Making RRSP Contributions
In Canada, March 1, 2011 is the deadline to save on taxes by making RRSP contributions for 2010. On your 2010 tax return, you may make up to a maximum RRSP contribution equal to 18% of your 2009 earne…
Tax Saving Tips if You Want to Save on Taxes
As good citizens of our country, we need to pay our taxes regularly and rightfully. However we are required to pay more than necessary in paying for our carelessness and lack of coordination. There ar…
Tax Saving Tips for the Self-Employed
If you own your own business, or if you are an independent contractor, you would generally file IRS Schedule C, Profit or Loss From Business or Schedule C-EZ, Net Profit From Business with your Form 1…