Tax planning is important! Do it!

A passive activity is a business activity in which the taxpayer does not materially participate.

The Section 179 deduction is a great tax planning tool for small to medium-sized businesses.

Many taxpayers are unaware of the method of accounting used for their business income tax returns.

If you need to make a change or correct your federal tax return after it has been filed you will use the Form 1040X.

Attaining a birthday may entitle an individual to a special tax break or end entitlement to another.