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Top 10 Tax Deductions for Rental Property Owners

When you own rental property you are essentially running a small business. Here are 10 primary tax deductions for rental property owners that you can use to reduce your rental income for income tax purposes. 1. Mortgage Interest Just as you would report your mortgage interest on your primary residence on Scheduled A of your … Read moreTop 10 Tax Deductions for Rental Property Owners

Quarterly Estimated Tax Payments Due Dates for 2013-2014

For all the freelancers, small business owners and self-employed individuals out there, staying on top of when the estimated tax payments are due is important to help you stay within the IRS tax payment guideline and avoid penalty. Making estimated tax payments also helps you avoid financial shortfall when you file your tax returns. Here’s … Read moreQuarterly Estimated Tax Payments Due Dates for 2013-2014

IRS 2013 and 2014 Tax Tables (Federal Income Tax Rates)

The following article contains information about the federal income tax rates for 2011, 2012, and 2013. Use 2013 rates to prepare and file your 2013 tax return in early 2014. Use 2014 rates to plan for 2014 tax year. To the extent that the information in this article helps summarize the changes in Federal Income … Read moreIRS 2013 and 2014 Tax Tables (Federal Income Tax Rates)

Important Tax and Filing Dates for Individuals and Small Businesses

For both individuals and small businesses, keeping track of all the important tax and money due dates throughout the year can be overwhelming. Forgetting a deadline is an extremely costly mistake in most cases: you end up paying fees and penalties for slipping up. Don’t let a lack of organization cost you; here’s a list … Read moreImportant Tax and Filing Dates for Individuals and Small Businesses

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