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Informative Articles

A Big Tax Loophole Just Got Bigger
Believe it or not, there are ways to convert taxable income into non-taxable income, without any fear of an IRS audit. Here's one of my favorites. It's been part of our beloved tax code for over 30 years, yet many still don't take advantage of it. ...

How And Where To Find Valuable Tax Information
Taxpayers have two options when filing a federal or state income tax return. Taxpayers can have their tax returns professionally prepared or they can prepare their own taxes. Whatever tax preparation option an individual chooses, it is likely...

How To Turn Business Losses Into Cash Flow
When the typical new business operator starts a business, they concentrate on making the business succeed. That is necessary but not the only thing that a business operator should concentrate on. A business depends on cash flow to exist and...

Payday Loans To Help The Budget
Majority of the people in the world have debts. Some of them have large debts. Even business tycoons have debts, the amounts of which are staggering to the average person. Yet, these business tycoons are not criticized when they apply for more...

Reverse Mortgage Explained
Can't remember how many times I've been asked "What is a reverse mortgage"? Reverse mortgages are a great way to get a loan using your primary asset. As in all cases of financial lending, the flexibility comes at a price. A reverse mortgage is a...

 
Tax Jokes and Quotes


Do you realize that some tax forms ask you to check a box if you are BLIND?
Quote: “Two years ago it was impossible to get through on the phone to the IRS. Now it's just hard to get through. That's progress.” -Charles Rossotti, former IRS Commissioner
Disappointed that you never had time to write the great American novel? Don't fret, just go dig out your past tax returns.
Quote: "The Eiffel Tower is the Empire State Building after taxes."
Under the Freedom of Information Act, a man with a small business sent a request to the IRS asking if they had a file on him. The IRS wrote back, “There is now.”
Quote: “It would be nice if we could all pay our taxes with a smile, but normally cash is required.”
Q: Who audits IRS agents?
Quote: “Next to being shot at and missed, nothing is quite as satisfying as an income tax refund.”
Q: How do you drive a CPA insane? A: Fill out Form 1040EZ.
Quote: “The government deficit is the difference between the amount of money the government spends and the amount it has the nerve to collect."
Why is it that when the IRS loses a tax return, it is considered a mistake, but when you lose a receipt, it is considered tax evasion?
Quote: "The wages of sin are death, but by the time taxes are taken out, it's just sort of a tired feeling."
Q: How do you humble a person that flaunts their wealth?
A: Have them fill out a tax return.
Quote: “Even when you make a tax form out on the level, you don't know when it's through if you are a crook or a martyr.”
Q: Why is a tax audit like a tornado?
A: There's a lot of screaming and you end up losing your house.
Quote: “When are we going to be allowed to list the government as a dependent?”
People often say death and taxes are the same, but this is wrong. Death is a taxable event, but taxes never die.

About The Author

Richard Chapo is CEO of http://www.businesstaxrecovery.com - Obtaining tax refunds for small businesses by finding overlooked tax deductions and credits through a free tax return review.