Tax Matters - The Top Tax Defenders Blog

With tax laws continuously changing, business owners may find it difficult to know what expenses they can claim at the end of the year. Even more, they may not remember what funds they are supposed to claim to avoid incurring penalties and fines. One of the most confusing aspects of filing taxes as a small business owner involves knowing whether or not to claim bonuses as a business expense. They can appreciate why it may be necessary for them to declare the bonuses they pay to employees and what qualifications call for them to include these funds on their returns. 

No doubt by now we have all come across Bitcoins in one realm or another. While many Bitcoin progenitors may have seemingly made out like bandits, that all looks to soon change. Once the tax man comes calling; everyone and everything is up for scrutiny. Here is what you need to know about Bitcoins as they stand for tax burdens.

axpayers may be eligible for several tax deductions and credits that could substantially increase their tax refunds this year. If you are a single mom or a single dad, read these tax tips for single parents to see how you could boost your tax refund!

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f you missed the April 15th filing deadline and are getting ready to prepare for the October 15th extension cutoff date, you may be feeling quite stressed out. You cannot procrastinate any longer. Nevertheless, there are some useful tips to help you get through this all-too stressful time and maybe even come out on top!

Are you considering purchasing a first home? If you are, you may be wondering if buying a home will help or hurt your tax liability next year. The good news is that most homeowners can take advantage of several tax deductions when they buy or refinance a house. First-time homebuyers in particular may be eligible for substantial tax breaks. Here's a primer on how buying a first house will affect your taxes.

The IRS reports that the number of income tax fraud cases is going up each year. Fraudsters often try to get personal information from individuals and then use that data to commit identity theft. Since scam artists may use tactics that appear to be legitimate, it's wise for individuals to learn what to do if they become victims of a tax scam.

According to the IRS, many income tax refunds go unclaimed each year. There are several reasons why these refunds may be unclaimed, but with the following four tips, you can make sure you receive the money you're entitled to next year!

Football season is almost here, which means it's time to break out those fantasy football picks! Fantasy sports, including fantasy football and fantasy basketball, are extremely popular with sports fans. These programs allow fans to create their own teams, manage their own rosters, and compete against their real-life and online friends for cash and prizes.

Retired taxpayers who receive Social Security benefits are often exempt from federal income tax on their benefits. However, in some cases, individuals may have to pay tax on part of their benefits. In addition, those who receive Social Security benefits may still be liable for federal income tax on other types of income, such as retirement distributions and bank interest.