It is often very confusing when you are an individual but you are also operating a business. One of the issues that you need to decide when this is your business scenario is if you really need a Federal (EIN). The answer is also confusing. Sometimes you do and sometimes you don’t.

Let me tell you about a hypothetical couple - Mr. & Mrs. Pinocchio Every so often I will have a new client or two who arrive in my office and they instantly sound the “seems a little shady to me” alarm. You think they must be lying because their mouth is moving and their nose is growing...

What you don’t know about your money can hurt you. This includes changes in wages, tax rates, exemptions and deductions. This also includes not knowing how to handle your money and/or your paperwork related to your money...

It is a sad but true fact that many people are experiencing severe hardship now and some are unable to keep their homes. There is a new tax provision under the Mortgage Forgiveness Debt Relief Act of 2007 that offers tax relief in some of these instances...

With all the hype over the Economic Stimulus Rebates for individuals the business provisions have been somewhat over-shadowed. There are two provisions that are beneficial to businesses...

I just received an email hot off the IRS Newswire related to a topic that we hear about every day now in the news, and on Everywhere Street, in Everywhere, USA – soaring gas prices. The IRS is increasing the standard mileage rate for business, medical and moving miles for July through Dec of 2008.