Tag Archives: Taxes

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Flying the Friendly Skies: 6 Tax Tips Every Business Traveler Should Know

Don't miss these breaks that could mean more money in your pocket

Business travelers, don’t miss out on these tax breaks. They could put more money in…

By Marquita Miller

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Infographic: Kid-Friendly Tax Breaks

Take advantage of these breaks

Get in on these child-related tax breaks.

By Sheiresa Ngo

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The IRS wants $370,000 from Vanessa Williams

Report: Actress Vanessa Williams Owes IRS

Government is demanding almost $370,000 in back taxes

Actress Vanessa Williams owes the Internal Revenue Service almost $370,000.

By Cedric 'BIG CED' Thornton

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tax extension sheet

Tax Tip Sheet For Small Business Owners

What you need to know to keep your money

Check out these tax tips for entrepreneurs and get ahead of the game next year.

By Richard Spiropoulos

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FTC Refunds More than $16 Million to Tax Scam Victims

Those affected will get about 16% of the money they lost

If you have a high tax bill, know that you have options.

By Sheiresa Ngo

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Tax Tips for Hobbyists

Here are some deductions you might be eligible for

If you’re an avid hobbyist, you might be able to deduct some of the costs…

By Sheiresa Ngo

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Infographic: How the Rich Avoid Taxes

A breakdown of how the wealthy use savvy to save money

Those making $10 million annually pay an average income tax rate of 19%.

By Sheiresa Ngo

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New Rule for Individual Taxypayer Identification Numbers

New guideline will take effect next year

Changes are coming for Individual Taxypayer Identification Numbers.

By Sheiresa Ngo

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Life-Savers: 5 Tax Facts for Home Sellers

Here are a few pointers from the IRS

If you’re selling your home, you’ll want to take heed to these tax facts from…

By Sheiresa Ngo

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4 Vital Tax Tips For After You Say ‘I Do’

Avoid problems with the IRS with these quick steps

Just got married? Well, you’ll want to follow these quick tax tips to avoid any…

By Sheiresa Ngo

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piggy-bank

How to Avoid an IRA Early-Withdrawal Fee

These exceptions to the rule can save you money

Generally, withdrawing funds before age 59 ½ will cause you to get slapped with a…

By Sheiresa Ngo

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Tax Update for Nonprofits: IRS Introduces New 1023-EZ Form

Applying for 501(c)(3) tax-exempt status just got easier

The Internal Revenue Service recently unveiled an updated, shorter application to assist small charities with…

By Sheiresa Ngo

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NASFAA Offers Education Tax Benefit Guide

Resources seek to help families afford college costs

The National Association of Student Financial Aid Administrators (NASFAA) has resources that could help families…

By Sheiresa Ngo

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IRS Adopts Taxpayer Bill of Rights

The Internal Revenue Service recently announced a user-friendly Taxpayer Bill of Rights. It will take…

By Sheiresa Ngo

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"Getaway" - Los Angeles Premiere

Brian McKnight Makes California’s Delinquent Taxpayers List

The Grammy award winning singer-songwriter opens up about being in debt.

The story of Brian McKnight has included Billboard No.1 chart toppers, ASCAP and Grammy awards,…

By Kevin L. Clark

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tax tips

What to Do if You Make a Mistake on Your Taxes

You can make changes by filing an amended tax return

You can use Form 1040X, Amended U.S. Individual Income Tax Return, to correct errors

By Sheiresa Ngo

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tax extension sheet

How to Apply a Tax Filing Extension

The extension only extends the due date for the paperwork--not for the money you owe.

Just in case you didn’t know—your taxes were due yesterday.  If you just didn’t get around to…

By Sheiresa Ngo

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tax tips

Small Business Tax Tips for Last Minute Filers

Here’s how to minimize your tax woes and ease the stress

Here’s a few valuable tips to help business owners with tax planning, preparation and preventative…

By Carolyn M. Brown

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tax tips

What to Do if You Can’t Pay Your Tax Bill

Don't ignore your tax bill

An installment agreement allows you to pay a debt over a period of time

By Sheiresa Ngo

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tax extension sheet

Personal Finance Word of the Day: Tax Filing Extension

Your daily money bite

You can get an automatic six-month extension

By Sheiresa Ngo

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tax tips

Didn’t File Your Taxes in 2010? You Can Now!

Procrastinators have a second chance

The IRS actually has good, not bad news for you

By Sheiresa Ngo

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identity theft

Tax-Time Identity Theft: The IRS Tells You What to Do [Video]

Here's an action plan if your personal information is at risk

If you believe that you’re the victim of one of the IRS “dirty dozen” tax…

By Sheiresa Ngo

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File Electronically 	Last year alone, 99 million people—70 percent of all individual taxpayers—used IRS e-file to electronically transmit their tax returns, according to the government agency. With electronic filing, you can literally submit your taxes up until the very last second without penalty. E-filing is an easy and cost-effective method to filing your taxes. Plus, it does the math for you. If you’re concerned about not knowing all the credits you qualify for, remember, most software programs have step-by-step instructions, which increases accuracy and the possibility of receiving a larger refund. Those with an adjusted gross income of $58,000 or less may be able to use the IRS’s Free File option, where taxpayers use online software donated by TurboTax and other tax agencies.

What to Do If Someone Else Gets Your Tax Forms

A plan for dealing with tax trouble

Tax season can be a stressful time of year. You certainly don’t want to…

By Sheiresa Ngo

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3. Do seek "trade credit" from vendors and suppliers. 

Too many entrepreneurs dream of going to a bank and getting a business loan or line of credit for their enterprise. But maybe you don’t need a traditional bank loan at all to launch or grow your business. 

If you can get your vendors and suppliers to agree to provide you with trade credit---i.e., the ability to pay for goods and services over time---you can creatively and more frugally run your operations.

4 Things You Should Know About Bartering

Learn the rules so you can stay out of trouble with the IRS

Bartering can help you save money. However, it's important to be aware of the tax…

By Sheiresa Ngo

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tax tips

Inflated Refunds Listed as One of the IRS “Dirty Dozen” Tax Scams

Don’t trust a tax preparer who makes outrageous promises

Each year, the IRS releases its list of “dirty dozen” tax scams to watch out…

By Sheiresa Ngo

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A Brief History of Taxes [Infographic]

Fun tax facts

It’s almost that time again. Tax day is just around the corner. In honor of…

By Sheiresa Ngo

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taxes

Track Your Tax Refund [Video]

Find your money

If you’ve recently filed your tax forms, you’re probably wondering when you’ll receive your refund.…

By Sheiresa Ngo

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tax tips

Personal Finance Word of the Day: Tax Avoidance Transaction

Your daily money bite

Tax season is upon us

By Sheiresa Ngo

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Phone Fraud Listed as One of the IRS “Dirty Dozen” Tax Scams

Is your phone ringing? It could be a scammer on the line

Have you ever been scammed?

By Sheiresa Ngo

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MONEY

Personal Finance Word of the Day: Accelerated Depreciation

Your daily money bite

It is legal to depreciate the cost at a rate faster than would be allowed…

By Sheiresa Ngo

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taxes

Tax Season 2014: Watch Out for Tax-Related Identity Theft

Keep an eye out for tax-time thieves

Your identity could be stolen

By Sheiresa Ngo

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How to Choose the Right Tax Filing Status

Picking the correct status will keep cash in your pocket

This status normally applies if you are not married

By Sheiresa Ngo

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IRS Unveils Updated Smartphone App ‘IRS2GO’

Get the latest tax information on the go

Find the tax information you need in a breeze

By Sheiresa Ngo

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IRS Makes Changes to Their Service Options

The IRS gets less personal

Changes affect areas such as tax return preparation and tax refund status

By Sheiresa Ngo

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tax tips

4 Biggest Tax Mistakes Small Businesses Make

These simple steps can help you save some money when it comes time to pay Uncle Sam

Don’t miss these steps

By Carolyn M. Brown

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Best and Worst State Tax Systems for Entrepreneurship, Small Business

Your state's tax rate can affect your small businesses success

A new study highlights the difference between each state’s tax rate

By C. Daniel Baker

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fat-joe-sentenced-4-months-for-tax-evasion-black-enterprise

Fat Joe Gets 4 Months in Prison for Tax Evasion

Rapper is the latest to face prison time for not paying taxes

Who will be next to go to prison for not paying their taxes?

By Cedric 'BIG CED' Thornton

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woman on floor worrying about bills

Single and Financially Sound: On Correctly Handling Your Credit and Taxes

Financial setbacks need to be taken care of

And remember, just because you are single now does not mean that credit and taxes…

By Jennifer Streaks

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Mary J. Blige Hit With $3.4M Tax Lien

Singer owes substantial amounts for the last three tax years

A representative says the Grammy Award winning singer is working with a new team to…

By Aaron Morrison

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mike-tyson-looks-forward-to-paying-taxes-back-black-enterprise

Mike Tyson: ‘I Look Forward to Paying Off My Taxes’

The reformed boxer has a new way of looking at life now

After wasting several hundred million dollars, the ex-heavyweight boxing champ is getting his life back…

By Cedric 'BIG CED' Thornton

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Opinions on How to Spend Your Tax Refund Run the Gamut

How will you spend yours?

Everyone has an opinion at this time of year.

By Darren Sands

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Lauryn Hill - Featured

Lauryn Hill Begs Judge for Mercy in Tax Evasion Case

Lauryn Hill is asking the judge for mercy as her tax evasion sentencing draws near.

Lauryn Hill gets added to the ongoing list of celebrities to avoid paying Uncle Sam.

By Amber McKynzie

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(Image: ThinkStock)

Need More Time? How to File an Extension on Your Taxes

The form is as easy as 1-2-3

It’s April, and millions still haven’t filed their taxes.

By Darren Sands

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So You Filed Your Taxes. Now What?

Taking action after you file can get you ahead of the game

A list of things to do April 15th — and beyond.

By Jennifer Streaks

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Small Businesses on Taxes: Complexity is Number One Problem

IRS Warns of Tax Scams to Avoid This Tax Season

Illegal scams can lead to penalties, interest and in some cases criminal prosecution.

The IRS is reminding taxpayers to use caution during tax season to protect themselves against…

By C. Daniel Baker

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Court Approves Sales Tax on Online Sellers

Small Businesses Taxes Are Too Complex, Says Study

Small business taxes are taking as long as three weeks to complete

A recent study from the NSBA says the current tax code is too complex for…

By C. Daniel Baker

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Special Circumstances That Could Affect Your Taxes

Could one of these extenuating circumstances apply to you?

Every year, special circumstances affect millions of taxpayers.

By Jennifer Streaks

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Court Approves Sales Tax on Online Sellers

Court Approves Sales Tax on Online Sellers

Court says Tax law violates the U.S. Constitution's Commerce Clause.

NY State Court rules that online income generated via links can be taxed, opening the…

By C. Daniel Baker

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Lying to the IRS.   Lying on your taxes is a felony that could result in jail time of up to three years. Individuals face fines of up to $250,000 and corporations face up to $500,000. In addition, you could be slapped with the costs related to your prosecution. Uncle Sam says don't do it. Trust us, he'll get you.

Abnormal Tax Refunds or Repayments Could Need Your Attention

Were you alarmed by the result of filing your taxes? It may be time to take action

You may need to take action if you suspect something’s not right with your tax-return…

By Darren Sands

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Business Tax Index 2013: Best to Worst State Tax Systems for Entrepreneurship and Small Business

Your Guide to the 1099-MISC Tax Form

The 1099-MISC is a staple of small business and entrepreneurs

A guide to the 1099-MISC form and how to use it this tax season

By C. Daniel Baker

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Overall Satisfaction among Small Business Banking Customers Drops

5 Apps That Will Simplify Tax Season

Keep calm and use one of these tax mobile apps

Tax apps that will simplify the filing process.

By BlackEnterprise.com

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Money Matters: How To Pay Taxes If You Don’t Have the Money

Discretion is advised

During the tax season there are many individuals who rely on their tax refund. It…

By Sasha King

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Congressional Budget Office: Economy to Pick up Steam in 2014

The Congressional Budget Office forecasts the economic climate

A positive outlook is on the horizon.

By Ashley R. Harris

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Home Office Tax Deductions Just Got A Lot Easier

The IRS has simplified the home-office tax deduction process

Simpler tax forms should lead to less money left on the table

By C. Daniel Baker

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Could Bobby Jindal’s New Tax Plan Hurt Louisiana’s Poor?

Governor Jindal has a new tax plan — what do you think?

Governer Jindal wants to eliminate income taxes in Louisiana, but raise sales tax

By Makkada B. Selah

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Fiscal Cliff Resolution to Take Large Chunk Out of American Paychecks

The resolution may hurt more than it helps

Many Americans are just finding out what the fiscal cliff could mean for them.

By Ashley R. Harris

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Tax Tips for the Self-Employed During Income Tax Season

Best practices for quarterly tax filers to help prepare for the June 15 deadline

Tax Day has come and gone. But for the self-employed, including small business owners and…

By C. Daniel Baker

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Fat Joe

Fat Joe ‘Holding Back’ His Love … of Paying Taxes

Will they ever learn that the government doesn't play when it comes to its money?

Taking a page out of the Wesley Snipes playbook, not-so-fat-anymore rapper Fat Joe has pled…

By Ashley R. Harris

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Wealthy Giving Big Gifts Before 2013 Tax Hike

The fiscal cliff has scared some to giving away fortunes

Could this trend prove prudent?

By Ashley R. Harris

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Wesley-Snipes

How to Avoid Wesley Snipes’ Tax Fate

The IRS has programs available to help people avoid the same situation

The IRS don’t play games. Here’s how to play by the rules.

By Ashley R. Harris

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Warren Buffet Insists on the Gov’t Taking His (And His Rich Friends’) Money

The Oracle of Omaha says that it's time for the rich to get real

Warren Buffet thinks fellow billionaires are in line for a reality-check.

By Ashley R. Harris

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The Other Fiscal Cliff: Money-Market Funds

The fiscal cliff isn't the only money problem on the Hill

Another financial problem, potential disastrous, confronts lawmakers.

By Ashley R. Harris

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8 End of the Year Tax Tips

A shortlist of things you can do to to shore up your tax situation

What can you do to shore up your taxes at the end of the year?…

By Jennifer Streaks

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How Will Falling Off Fiscal Cliff Affect Your Wallet?

Financial crisis carries immediate, long term effects

Could approaching the fiscal cliff mean your finances are in trouble?

By Jennifer Streaks

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The Fiscal Cliff: What You Need To Know

A primer on the sequester

The fiscal cliff, explained

By Ashley R. Harris

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IRS Comissioner Doug Shulman

Is Tax Relief Coming to Sandy Survivors?

For victims and volunteers, help is on the way

The IRS will begin relief to those affected by Hurricane Sandy

By Ashley R. Harris

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Tax Policy Changes to Affect Most Americans [Report]

Annual tax planning will see significant changes if Congress doesn't take action

Annual tax planning will see significant changes if Congress doesn’t take action

By Ashley R. Harris

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usain-bolt-quiet

Usain Bolt: “Not Competing In London Until They Change Tax Rules”

Britain taxes too much says the world's fastest man

Britain taxes too much says the world’s fastest man

By Black Enterprise

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romney-taxes

Obama To Romney: “Just Release 5 Years Of Tax Returns”

Romney claims he paid a 13 percent tax rate every year of the last decade

Romney claims he paid a 13 percent tax rate every year of the last decade

By Black Enterprise

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obama-romney

President Obama Calls Mitt’s Tax Policy “Romney Hood”

President said Romney plans to take resources from the poor to give to the rich

President said Romney plans to take resources from the poor to give to the rich

By Black Enterprise

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As Tax Day Nears, Meet the Deadline with These 7 Resources

Don't fret! You still have time to fill out your taxes. Check out our compilation of helpful links

With taxes needing to be postmarked by midnight Tuesday, peruse through these useful links before…

By BlackEnterprise.com

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Overall Satisfaction among Small Business Banking Customers Drops

IRS2Go 2.0 Places Tax Help at Your Fingertips

The Internal Revenue Service app now offers a YouTube feature, news feed and tax transcript service for Android and iPhone (iOS) users

The latest version of the Internal Revenue Service’s tax app IRS2Go 2.0 is available…

By Sheiresa Ngo

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Palmer let's shoppers design their own footwear. (Image: Courtesy of Subject)

UBR Spotlight: Artyce CEO Candra Palmer’s Tips for Entrepreneurs

More on the entrepreneurs, business strategies and economic news on The Urban Business Roundtable

Artyce Designs Founder Candra Palmer and Tax Practitioner Nikita Johnson join the Roundtable with tips…

By Alfred Edmond, Jr.

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Advocacy Releases Annual Small Business Lending Report

Ask the Money Coach: How to Improve Your Finances in 2012

What money questions you should ask yourself as you head into 2012

The Money Coach Lynnette Khalfani-Cox tells you what money questions you need to ask as…

By Lynnette Khalfani-Cox

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Bernadette Clay (Photo by Kevin Allen)

Year-End Tax Tips for the Self-Employed

When Bernadette Clay established her sole proprietorship in 2007, tax preparation took place between Jan.…

By Tamara E. Holmes

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Chantay Bridges (Photo by Kevin Foley)

The Team You Need for Your Year-End Financial Checkup

At a time when it’s about the parties and festivities, it can be hard to…

By BLACK ENTERPRISE

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David Banner’s Thoughts On the #OccupyWallStreet Movement

The politically active entertainer speaks from the heart on behalf of the 99%

As the two-month anniversary of the Occupy Wall Street movement arrives, rapper/actor David Banner shares…

By David Banner

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Cain Vs. Obama: A Comparison of Economic Issues

A breakdown of the numbers and the issues

Lynnette Khalfani-Cox gives a breakdown of the numbers and the issues

By Lynnette Khalfani-Cox

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piggy bank college fund

4 Tax Breaks for College Students

How to be smart and save with a tax break on your tuition

A college education is probably the most expensive purchase you’ll make besides a home. Who…

By Sheiresa Ngo

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The Truth About Bankruptcy: Why All Your Debts WON’T Go Away

What you need to know before you file

While it’s true that Chapter 7 bankruptcy can wipe out many consumer debts, such as…

By Lynnette Khalfani-Cox

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Green Tax Credit Extension

If you missed the deadline for making energy-efficient home improvements in time for the 2010…

By Sheiresa Ngo

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Photo: Quantrell Colbert

How to Prepare For an Audit

Here's what to do when the tax man pays a visit

Here’s how to handle this unpleasant surprise—along with pointers on avoiding an audit in the…

By Leslie E. Royal

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3 Things to Do if You Can’t Pay a Large Tax Bill

Ignoring you tax bill won't help. Fortunately, you have options!

Ignoring you tax bill won’t help. Fortunately, you have options!

By Sheiresa Ngo

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MC Hammer Talks Social Media Interests, Getting through Bankruptcy and Web Influence

Digital enthusiast uses social media to diversify and connect with new audiences

Digital enthusiast uses social media to diversify and connect with new audiences

By Janell Hazelwood

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Find Out if You Even Have to File 	Ever wonder if you actually need to file a federal income tax return? Well, you may be onto something. Identifying whether or not you need to file will save both you and the government time and money. People can check the Individuals section of the IRS website or use their Interactive Tax Assistant tool to see if they qualify.

4/11: 11 Last Minute Tax Tips

With only a few days left to file, Black Enterprise gives you the 4-1-1 on filing your taxes

With only a few days left to file, Black Enterprise gives you the 4-1-1 on…

By Janel Martinez

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Caring for An Aging Relative? Don’t Overlook Your Tax Breaks

When writing off your relatives...on your taxes...makes sense

When writing off your relatives…on your taxes…makes sense

By John Simons

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(Image: ThinkStock)

How to Avoid Tax Audit Triggers

Make sure the tax man has no reason to come knocking

Make sure the tax man has no reason to come knocking

By Sheiresa Ngo

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Your Financial Records: What to Save, What to Shred and When

If tax season has you rifling through bank statements and canceled checks, these tips will help you know how and when to purge

If tax time has you rifling through old bank statements, credit card bills, canceled checks,…

By BlackEnterprise.com

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10 Ways to Save Money on Your Tax Return

It's that time of year. Here's how to prepare and save!

It’s that time of year. Here’s how to prepare and save!

By John Simons

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5 Financial Pitfalls to Avoid When You Come into New Money

Music producer Chuck Harmony shares advice on how to handle success the fiscally smart way

Over the years, producer <strong>Chuck Harmony</strong> has worked with everyone from <strong>Celine Dion</strong> (“I Got…

By Anslem Samuel

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Surprise! The IRS Counts Forgiven Debt As Taxable ‘Income’

Just because your lender cleared you of a debt doesn't mean Uncle Sam will when filing your tax return

Consumers are receiving so-called 1099-c “cancellation of debt” tax notices, informing them that the IRS…

By John Simons

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UBR Morning Post: Home Decor CEO Tina Shoulders

Bonus content on the entrepreneurs and strategies featured on The Urban Business Roundtable

This week on The Urban Business Roundtable, UBR Contributor Renita Young speaks with home decor…

By Alfred Edmond, Jr.

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The holiday shopping season is over and the New Year has begun. Reaching your financial goals starts with getting a clear picture of where you are today. Guessing and estimating will not do; you need to know exactly where you stand financially, to the dollar if not to the penny, not in your head, but on paper (even better, on computer). To increase your wealth by December 31, 2011, here's what you need to do NOW. --Alfred Edmond Jr.

5 Steps to a Richer 2011

Reaching your financial goals starts with getting a clear picture of where you are. Here's what to do NOW!

The holiday shopping season is over and the New Year has begun. Reaching your financial…

By Alfred Edmond, Jr.

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Washington Report: Obama Signs Middle Class Tax Cuts Bill Into Law

One lawmaker fears that voters (and Presdent Obama) will suffer for it later

After two weeks of venting and handwringing by their colleagues, House Democratic leaders were able…

By Joyce Jones

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Hip-hop artist M.C. Hammer is infamous for his financial fall from grace in the '90s, and his troubles followed him into a new decade. In 2009, he owed more than $671,000 in state and federal taxes.

10 Black Celebrities Who Have Had Their Share of Tax Woes

The IRS halts for no man--or star. See how some famous folks have (mis)handled their finances

Here are 10 black celebrities who felt the wrath of the IRS

By Janell Hazelwood

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What You Can Learn From … Wesley Snipes’ Tax Evasion Blunder

Negligence and protest are NOT your friends when dealing with the IRS. In fact, they could get you three years in prison

As Wesley Snipes reports to prison today to serve a three-year sentence for tax evasion,…

By Janell Hazelwood

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For further reading: 5 Financial Lies that Could Land You in Hot Water The 7 Deadly Sins of Money Management 16 Money Experts Who Want to Make You Rich

7 Money Lessons from the Bible

Who knew the good book contained wisdom for your life and your finances?

The Bible is not only a source of inspiration, comfort, and a guide for living,…

By Sheiresa Ngo

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Year-End Financial Checkup

Use this guide to help you evaluate your financial health

Here are some guidelines to help you conduct your own financial checkup.

By Sheryl Nance-Nash

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Before You Vote, Do The Math

Will your federal income taxes go up or down in 2011? See how your vote could be the deciding factor

If tax anger determines who you’ll vote for on November 2nd, don’t go to the…

By John Simons

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6 Ways Your Taxes Could Increase in 2011

What to expect if the Bush Tax Cuts expire

If the Bush Tax Cuts expire, the child tax credit will be reduced and capital…

By Marcia Wade Talbert

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Tax Insider: Tax Tips for the Unemployed, Part 2

Expert advice that individuals and businesses can use to stay abreast of tax news and rules.

If you’re unemployed tax credits can help reduce the taxes you owe and put more…

By Marcia Wade Talbert

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Retiring Rich: Too Young to Think about Retirement? NOT!

Advice, tips and strategies you can use now to ensure a secure retirement in the future

Taking advantage of your 401(k) plan now will reap rewards in the future.

By LaToya M. Smith

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Tax Insider: Tax Tips for the Unemployed, Part 1

Expert advice that individuals and businesses can use to stay abreast of tax news and rules.

You can’t wish your taxes away just because you’re unemployed. Here are three steps to…

By Marcia Wade Talbert

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Tax Insider: College Tax Breaks

Expert advice that individuals and businesses can use to stay abreast of tax news and rules.

If you or someone in your household is taking college courses, you know how expensive…

By Sheiresa Ngo

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Retiring Rich: Understanding the Roth 401k

Advice, tips and strategies you can use now to ensure a secure retirement in the future

BlackEnterprise.com sat down with personal finance expert Eric Tyson to discuss the pros and cons…

By Renita Burns

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Kids & Money: How to Put Stocks in Your Child’s Name

Money lessons we need to teach to our kids from K-12

Since opening a brokerage account is out of the question for your minor opening a…

By Renita Burns

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LeBron James: Income Tax Genius?

Florida has no state income tax. See what James would have paid in New York, Chicago, or Cleveland.

With all the hysteria surrounding “The Decision” that was LeBron James’ choice to leave Cleveland…

By Dale Coachman

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Cutting Edge: Beware of Selling Your Investment

Be sure that you understand the capital gains tax before you cash out

It was the final semester of my senior year in college and I was in…

By Renita Burns

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A Profile In Courage

What you can learn from one woman�s legal victory over the IRS

An audit notice from the Internal Revenue Service can send shivers down the spine of…

By Renita Burns

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Overlooked Tax Breaks

Don�t miss out on tax credits you might be eligible for.

Though you have three years to file an amended return if you missed out on…

By Tamara E. Holmes

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To Save and Protect

Answers to the 10 most commonly asked questions about taxes and estate planning

Tax planning and estate planning are important—especially for women. Since 80% of married women will…

By BLACK ENTERPRISE Editors

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Ask Your Advocate: How To Get Your Unclaimed Tax Refund

How do I find unclaimed money?

I’ve moved a lot over the last five years and I sometimes don’t fill out…

By Sheiresa Ngo

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Poll: More Consumers Going the DIY Route for Taxes

E-filing can save filers money on preparation fees

It’s tax-filing season, and whether taxes are done in January or at midnight on April…

By Marcia Wade Talbert

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2009 Tax Tips

Take advantage of these tax changes for 2009

Take advantage of these tax changes for 2009.

By Tamara E. Holmes

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The Cutting Edge: Uncle Sam Gives Back to Students

Tax credits for textbook purchases expanded

Looks like Uncle Sam has a little treat for cash-strapped college students.

By Renita Burns

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Staying on Track

Dasha Lundy seeks to establish a strong financial foundation-with or without a mate

Like mother, like daughter. And that’s just fine by Dasha Lundy. Her mother taught her…

By Sheryl Nance-Nash

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Poll: Paying the Tax Man

Share your thoughts on tax day

Who will prepare your taxes this year?

By BlackEnterprise.com

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The Cutting Edge: Standardized v. Itemized Deductions

How to decide which is best for you

I got to tweeting with a friend about filing tax returns. Specifically, we were discussing…

By Renita Burns

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The Cutting Edge: Why The IRS Might Pick On You

How the IRS chooses which tax returns to audit

Ever wonder how the IRS chooses to audit someone? Well, wonder no more.

By Renita Burns

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Adding Up the Numbers

Study reveals that African Americans have long been underrepresented in the tax profession; however, there is plenty of opportunity to get involved

Glenn R. Carrington, national tax director for client services at Ernst & Young L.L.P., is…

By Brittany Hutson

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Pep Talk: How to Acquire Nonprofit Status

I throw benefit concerts every month for different organizations in need. I’m currently working on…

By Tennille M. Robinson

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Senate Votes For Faster Tax Breaks For Haiti Gifts

WASHINGTON (AP) — Taxpayers will be able to write off charitable donations to Haiti earthquake…

By Associated Press

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Get a Jump on the Tax Man

As the clock strikes midnight on Jan. 1, it will also usher in the start…

By Renita Burns

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Washington Report

Updates from Capitol Hill

Washington Report: Week of Nov. 30 – Dec. 4

By Joyce Jones

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The Top 10 Tax Issues to Consider When Your Job Status Changes

If the economy has forced you into self-employment, sole proprietorship, or freelance consulting, heres a guide to help you manage your new tax obligations

Many workers have been pushed into self-employment and freelance work this year. A leap into…

By Vicki Lee Parker

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Congress Expands Homeowner Tax Breaks

First-time homebuyer tax credit extended to June

If you were rushing to close on a house before the end of the year,…

By Renita Burns

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Is Your Job Search Tax Deductible?

If you�re on the job prowl, Uncle Sam can help

Just the thought of searching for a job can be exhausting. With all these necessary…

By Renita Burns

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Making Changes

Richard Battles adjusts his finances after retiring from the military

Richard Battles created a lifetime of memories during his 20-year Naval career. He lived in…

By Sheryl Nance-Nash

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What To Do Today to Prepare For This Year’s Taxes

Don�t let Uncle Sam catch you off guard

It’s not tax season yet, but by the time you finish feasting on turkey and…

By Renita Burns

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Manage Your Tax Obligations

Seven things to consider when your job status changes

Thousands of laid-off workers have been pushed into self-employment and freelance work this year. A…

By Vicki Lee Parker

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Committee Weighs Options to Improve Access to Capital

Small businesses seek more lending choices in tight market

A Congressional panel convened a hearing last week to explore ideas about how to improve…

By Joyce Jones

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Saving the Green While Going Green

How energy efficiency can help your bottom line

You’ve probably heard proponents pushing the case for everything green – from organic cosmetics to…

By Janell Hazelwood

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Taming A Wild Economy

To fix a broken America, Roger Ferguson was one of the experts President Obama tapped. Now, this TIAA-CREF CEO and former Fed vice chairman shares his views about the financial markets and prospects for an economic rebound

Roger W. Ferguson Jr. has answered the call at a time when our
nation needs him…

By Alan Hughes

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College Finance 101: A Money-Saving Crash Course for Parents

HBCU1

It’s great that you’re still basking in the warm, proud glow of your child’s high…

By Donald Jay Korn

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College Finance 101: A Money-Saving Crash Course for Parents

Ways to cut costs in paying for higher education

It’s great that you’re still basking in the warm, proud glow of your child’s high…

By Donald Jay Korn

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Obama Promotes Tax Cuts Against Backdrop of Protests

Critics say government debt to hit wealthy pockets hard

President Barack Obama marked this year’s tax filing deadline at a White House event to…

By Joyce Jones

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Day 86

On tax day, the Obama administration was greeted by tea parties organized by people who…

By Deborah Creighton Skinner

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Obama on the Record: Taxes

THE PRESIDENT: Good morning. I decided not to bring Bo today — because…

By BlackEnterprise.com

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Tax Relief to Working Americans

Today, on Tax Day, President Obama will meet with several working families, just like the…

By BlackEnterprise.com

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The Cutting Edge: Big Tax Refund? You Might Want to Think Twice

Overpaying Uncle Sam is like giving him an interest-free loan

There is such a thing as overpaying Uncle Sam. Though buxom tax returns can seem…

By Renita Burns

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Dealing With a Large Tax Bill

Having trouble paying the IRS? Consider these options

After De’Lante A. Rawls, 34, left his job as an insurance agent in 2002 to…

By Tamara E. Holmes

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The Cutting Edge: Tax Tips for First-Time Filers

Don�t let ignorance cost you money, time

If this is your first time filing as an independent, or you’ve just started taking…

By Renita Burns

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House Passes Greed Tax

The U.S. House of Representatives voted 328-93 today to approve a bill that taxes bonuses…

By Joyce Jones

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Small Business Owners: Be Diligent in Filing Your Taxes This Year

Know how best to proceed to avoid costly penalties

Small business owners nationwide usually find themselves waiting with bated breath for their tax filings’…

By Aisha I. Jefferson

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Day 40

In his weekly address, Obama defends his budget proposal, stressing the importance of fiscal responsibility,…

By Deborah Creighton Skinner

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The Cutting Edge: Tax Tips for Small Businesses: Part 2

Noting donated equipment, accurate estimates is key

In my last blog post, “Tax Tips for Small Businesses,” I listed a few tax…

By Renita Burns

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Eliminating Red Flags on Your Tax Return

Avoid the pitfalls of insufficient preparation, documentation

Getting audited is probably not on your list of goals for this year. However, if…

By Margarette Burnette

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The Cutting Edge: Tax Tips for Small Businesses: Part 1

Avoiding an audit is especially vital in difficult economic climate

“Small business owners and entrepreneurs really get focused on products and services, and don’t spend…

By Renita Burns

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Weekly Address: Tax Cuts

Earlier this week, I signed into law the American Recovery and Reinvestment Act —…

By BlackEnterprise.com

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The Cutting Edge: Don’t Get Taken By Your Tax Preparer

Diligence could save you trouble and money

We’re in the heat of tax season and if you haven’t filed yet, a bigger…

By renita burns

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