Tax breaks, tax deductions, and glorious tax minimization!

There are lots of tax breaks out there, but you need to know how to find them. In this blog, we’ve collected together a few top tax breaks (and some unusual ones) that we think you might like. They might not all be usable for the tax forms that you’ve been writing but keep these in mind and use them this year.

In this blog by CPA James Maertin, he lists a number of really useful tax breaks for a number of situations. Not all of these will apply to you, but some might!  Read: “List of Tax Deductions.” Oh, and be sure to scroll down to check out his list of expenses that cannot be deducted.

Here’s a list from AllBusiness.com listing “Top 10 Tax Tips for Small and Growing Businesses.”

Forbes produced this list of “Last Minute Small Business Tax Tips”. It’s from several months ago but it’s still relevant, and you might want to apply some of these to your business practices this year to get the tax benefit at the end of 2010. Read it here.

And here’s an article from CNN Money called “Small Business Tax Tips: How to Keep More Cash.”

I thought you might also like this contrarian point of view that looks at five tax deductions many people enjoy but highlights why they aren’t as good as some might think. Read the blog at SmartMoney.com.

And for all of you small business owners out there (that’s basically all of the readers on this blog), here is a list of some of the IRS’ changes to the small business tax code for this year.

- Jessica Routier, IAC-EZ