USTaxAid Services

Want to pay less taxes? Start a business. If it seems that tax laws aren’t fair, guess what. They aren’t! They are weighed toward business owners. And when it comes to business tax breaks: big business = small business = home based business. Now this is where, as an employee, you may want to consider ...

If you’re an employer, there are plenty of reasons to want to have independent contractors instead of employees. Here are just a few of them: Easier to pay, No payroll taxes, No workers compensation (sometimes) No unemployment insurance No pension matching, and No worries with controlled group status. For the small business owner, making the ...

Are you planning on a tax refund this year? I’m not a fan of planning for tax refunds. At best, you’ve just given the government an interest-free loan. No one gives you an interest free loan, why would you make loans for no interest? And while you’re at it, I’d love to get some of ...

If you have a home-based business, you most likely also have a home office deduction. But maybe you’ve heard that deducting a home office is a risky tax deduction. Or, maybe you’ve heard that you need to see clients or customers in your office to get the deduction or that you need a separate entrance ...

Do you think tax law isn’t fair? Guess what! It’s not. You’ve got three choices when it comes to the unfair tax laws: You can do nothing. Accept your fate. Work hard. Keep less. You can get mad and say it’s not fair. Complain to everyone you know. Hope someone else changes things. You can ...

What’s going to happen next year with taxes and tax rate? When it comes to taxes, there is one thing you can be certain of – change. Here are three things you might not have expected to look out for in 2012: What states do you need to pay tax in? The hot new tax ...

In a few months there are going to be a lot of newspaper articles and blogs about IRS red flags. If you have a home-based business, there are some things that could get you in trouble before you even file your tax return. Here are 5 things you need to avoid right now, and strategies ...

When it comes to tax planning, C Corporations have some unique advantages. Every corporation starts its life as a C Corporation. It is possible to make an election (known as an S Corporation election) to be taxed as a flow-through corporation known as an S Corporation. A limited liability company (LLC) can elect to be ...

In a few months, there will be a lot of people wondering where their IRS refund is. Or they may not quite be there yet with their tax return preparation and instead are just happy they are getting a refund. I’m going to tell you something a little controversial right now. I don’t like IRS ...

Earlier this month, the IRS sent out over 21,000 letters to tax preparers reminding them of the penalties for tax return fraud. The letters were right on the borderline of being threatening. Now we’re learning that the IRS is planning to follow up with visits to 10% of those tax preparers. And they’re going to ...