Here we are, deep in the midst of tax season. If you haven’t filed your business tax return yet, now is the time to kick it into high gear. To help you finish strong, here are more valuable business deductions to help you save money on your taxes.

It is not uncommon for those calling my law firm about their IRS tax debt to ask about Bankruptcy.

Leading up to the election last week, Republican candidates promised serious tax law changes in the next two years. However, since Democrats retained control of the Senate, many are wondering which, if any, of these promises will actually come to fruition.

As we wait for Congress to take up a handful of tax and financial issues, taxpayers across the country are wondering what tax laws will change in 2011. A handful of tax cuts and incentives are scheduled to expire at the end of the year, and unless Congress takes action Americans are going to pay more taxes in 2011.

Taxpayers who owe back taxes must immediately assess the total amount due, as well as the interest and penalties that have accrued. At this point, it is highly advisable that the course of action should be decided after consulting with a competent tax preparation service.

The United States Tax Court was created by Congress as an independent judicial authority for taxpayers disputing certain Internal Revenue Service (IRS) determinations. The Commissioner of Internal Revenue has the power to determine tax deficiencies for taxpayers, and taxpayers may dispute deficiencies by bringing their issues to the Tax Court. This Tax Court is not controlled by or connected to the IRS.

Working for yourself, while incredibly rewarding, can be very stressful. Between estimated tax payments, accountants, and tax preparers, it is hard to keep a clear head. To make matters worse, there are dozens of business tax myths, which make tax planning even harder than it needs to be.

The sad truth is that these days plenty of marriages end in divorce. One of the biggest problems with our tax system is that it can often make stressful situations, such as divorce, even more stressful because there are plenty of tax issues related to divorce.

With a record number of taxpayers living paycheck to paycheck, these days many people are finding it difficult to save money. We all work hard for the income we earn and it is nice to be able to put a little away for the rainy day – so, I have put together the following list of saving tips.

July is just around the corner and some taxpayers are still waiting for their state tax refund. Many state tax agencies have been forced to delay refund payments due to budget problems or labor shortage. All seven states listed below still owe their citizens tax refunds

Unfortunately, many of the federal tax credits for popular hybrids – such as the Toyota Prius – expired quite a while ago. However, although a handful of vehicles no longer qualify for the tax incentives, there are plenty of energy efficient automobiles that can still result in a decent tax credit.

With oil washing up onto the American coast, and reports of massive underwater plumes, it is hard to imagine things could get any worse. However, the oil spill will have a long-term financial affect on the oil industry, businesses and millions of taxpayers.

The ongoing foreclosure crisis in this country is enough to make any potential homebuyer nervous. What’s more is that the deadline for the federal tax credit has passed for most taxpayers, and Congress has showed little interest in extending the credit. However, there are still plenty of other great reasons to purchase a home in 2010.

Tax season has come and gone and spring is here in full force. During these transitional weeks many people take on extra spring-cleaning duties. However, in addition to cleaning out your garage, or spending hours getting your yard ready for a huge pool party, I recommend taking a few minutes to clean up your finances.

Dealing with a back tax debt of your own can be stressful enough, but being held responsible for the back tax liability of a spouse – or former spouse – can be even more trying. Fortunately, there may be relief from being held responsible for your spouse’s or ex- spouse’s back tax liability.

Although the bad economy and unemployment problems have most Americans watching their budgets closely, you may be surprised to find out how many tax incentives there are for going green in 2010. As you can see, there are plenty of credits and tax breaks for both individuals and businesses that make energy efficient purchases. President Obama has also proposed a new Home Star Program that he is hoping will take effect sometime this year.

Checkout the following seven tax preparation tips from The Tax Lady Roni Deutch, and be sure to get your returns in before the deadline!

A lot is changing in the tax world. Many of the changes are intended to improve the state of the U.S economy. While next year’s tax return should not look very different from this year’s, there are a few changes in particular which taxpayers should be aware of and prepare for throughout the year.

Many taxpayers are asking Roni Deutch Tax Centers across the country about the available “green” tax credits for individuals and their requirements for the 2009 tax season. Two available credits striking a lot of interest are an electric motor-vehicle and the home energy-saving equipment credit.

To help consumers avoid being taken advantage of by these companies, the attorneys of Roni Deutch, A Professional Tax Corporation have put together a list of five alarming tactics employed by some of these companies that you should be wary of before you retain one of them.

For many musicians, the idea of making a decent living doing what they love is practically a dream come true. However, making a profit in the music industry can be difficult enough without having to worry about the tax laws and restrictions that can make life even more complicated. Luckily, there are plenty of steps a musician can take to make sure they are fully compliant with the IRS and their state taxing agency.

Unfortunately, when it comes to tax debt collection, there are dozens of secrets that the IRS does not want taxpayers to know about. As a government agency, they want to collect as much money as they can.

The Senate passed their health care bill (the Patient Protection and Affordable Care Act) this Christmas Eve. Since no Republican Senators voted in favor of either measure, Democratic leaders have made quite a few changes to the legislation in order to get the sixty votes needed to pass the measure.

Caring for a loved one is difficult and time consuming enough, without even factoring in the financial responsibilities involved. Fortunately, the IRS – as well as a few dozen state tax agencies – offer a handful of credits and deductions to help those that provide care to a dependent.

With two ongoing wars and a new health care reform plan, combined with record low tax revenues, Congress is going to need to find ways to increase Federal revenue. Senators and House of Representative members are on a Winter break for now, but when they return on January 20, 2010 they will decide the fate of a slew of tax law changes.