IRS

I was under the impression that mixing church and state was illegal in this country, and if not illegal certainly against the rules of the tax man. Recently, I have seen more and more churches involving themselves in politics by trying to sway their congregation into voting for McCain and against Obama. How do these churches qualify for tax exempt status with the IRS if they are indeed spouting political messages from the pulpit?

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Sometimes I wish I rubbed noses with the famous. Well, really only one time a year I wish that, Oscar night. Why you ask? Because of all those freebies they get, those wonderful designer promotional products! Everything from Donna Karan parfume, to Gucci Shoes, I’ve even seen diamond watches! It seems odd that the rich and famous never have to pay for their promotional products, but thanks to the IRS, they may not get those gifts much longer.

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Want to know what to do if you are facing an audit by the IRS? We all know that this can leave a heart ache around this time of the year and many of us don't know what to do or even if how the situation will go.

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Tax time will be here before you know it. While it’s too late to add to your list of deductions this year, there are several things you can do today to help your return next year. Here is a list of things you can do this year to hopefully increase next year’s return.

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If you work in a job or career (generally, in customer service) where you receive tips as an extra part of your income, the IRS expects you to report them, and pay your taxes for them. Although it may seem unusual to have to pay taxes for your tips which you definitely worked hard for, it is definitely expected of you by the IRS, and they can be quite aggressive if you are to fail to report it, and pay the indicated amount of taxes for it as well.

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