Category Archives: Tax Relief News

Wise Tax Ideas

Most people don’t really look forward to filing their tax returns and paying their taxes. As it is, there really isn’t much to look forward to because it is a tedious process that can take weeks to complete. Some people even have the bad luck to raise the interest of the IRS. The trouble is,…
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Your Kids Can Reduce Your Taxes

One often-overlooked tax benefit for business owners is putting their kids to work in their business. If you are self-employed you can take advantage of this by paying your kids $4,000 each for performing services in your business. The business gets a tax deduction for the compensation and that saves taxes on the parent’s tax…
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Wise Tax Ideas

Most people don’t really look forward to filing their tax returns and paying their taxes. As it is, there really isn’t much to look forward to because it is a tedious process that can take weeks to complete. Some people even have the bad luck to raise the interest of the IRS. The trouble is,…
Read more

Write-Off Bad Business Debts on your Taxes

Practically every small business has receivables that it cannot obtain from clients. If your small business doesn’t have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can be taken from the fact you can claim a tax deduction. Bad Debt Tax Deduction A small business can write-off…
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