Taxation & The IRS

Bookkeeping - A business is required by law to keep a record of financial transactions. The minimum requirements are found in the Bookkeeping Act, and in regulations and guidelines issued by the tax authorities.

Cash or Accrual - The basics of the two principal methods of keeping track of a business's income and expenses: cash method and accrual method (sometimes called cash basis and accrual basis). These methods differ only in the timing of when transactions, including sales and purchases, are credited or debited to your accounts.

Deduction Basics - A tax deduction or a tax-deductible expense, is an item which is subtracted from gross income in order to arrive at the taxable income. Effectively, the taxpayer pays no income tax on the amount of money he spent on tax-deductible expenses.

TaxationLawFirms.com
Online directory of taxation law firms across the U.S.

Taxanalysts
Provides vital information on significant tax policy issues.

Internal Revernue Service Homepage
Tax Information For Businesses.

Chooselaw FAQ
This is a section devoted to frequently asked questions about Taxation & The IRS here on chooselaw.

Tax-Exempt Financing
Tax-Exempt Financing FAQ's

The Motley Fool
General tax topics and FAQ's.

Internal revenue Service.Gov
TAX FAQ's