Discover the top 12 small business tax tips and how Small business owners are always looking for smart ways to reduce their tax burden without triggering red flags from the IRS.

Owners of S corporations use accountable plans to reimburse themselves for business expenses. They're simple to set up, but keep good records in case the IRS requests

If you’re wondering how to become a bookkeeper but don’t know where to begin? Here’s a simple step-by-step guide that can help you get started the right way.

Capital gains tax is paid when you sell an asset for more than you paid for it, for example of buying shares for $5,000 and selling them for $7,000. Your profit is $2,000.

American Opportunity Tax Credit is a money-saving tax break for students in their first four years of college. You can get up to $2,500 per student each year to help cover things like tuition, books etc.

Form 1120 is like a tax return for your business. C corporations use Form 1120 to report their business income, expenses, and profits. If you own a C corporation you'll need to fill out Form 1120

Premium Tax Credit is a refundable tax credit that helps lower the cost of health insurance for people who buy coverage through the Health Insurance Marketplace. It’s claimed using IRS Form 8962

if i make less than $5,000 a year do i have to file taxes? if you made less than $5,000 and you're not self-employed, you don’t have to file a federal tax return. Filing could put real cash back in your pocket.

Form 2290, Heavy vehicles use to pay the Tax. If your truck weighs 55,000 pounds, the IRS expects you to file this form every year. Tax can go as high as $550 annually per vehicle.

Self employed tax credit lowers your actual tax bill not just your income. If you owe $3,000 and get a $1,200 credit, you now owe $1,800.