Knowing how to properly file your tax return in 2019 should be a high priority for you. I came across an article the other day about two expatriates who suffered financial loss due to confusion on their part. They failed to properly file their tax returns. The IRS has expatriation tax provisions in place; and …
As a taxpayer you need to know that you have rights; rights existing in Taxpayer Your Bill of Rights, designed to help you when having to deal with the IRS. You have the right to know what you need to do in order to comply with tax laws. This means you’re entitled to clear outlines, …
Why You Need To Know Your Taxpayer Bill Of Rights Read More »
The lines can get muddied from time to time, regarding personal and business expenses. What you or someone at your company may consider to be a business expense, may not meet the standards or requirements of the IRS. Regarding personal versus business expenses; the IRS states that you cannot deduct personal, living or family expenses. …
Since the major economic crisis of 2008 and 2009, many countries have turned their efforts toward gambling as a way of bolstering their economies. According to The American Gaming Association, the gambling industry here in the United States is worth over 261 billion dollars! The gambling industry; casinos, state and multi-state lotteries, sportsbooks, racebooks, licensed online casinos, …
How to Protect Yourself: Gambling, Winnings, and the IRS Read More »
What is the purpose of withholding tax and how much do you need to withhold in order to make sure you don’t get surprised at tax time? In the most basic of terms, a withholding tax is an amount that an employer withholds from employees’ wages and pays directly to the government. The amount withheld …
There are many types of Taxes, let’s start with federal, state, and local income taxes. If you’re a business owner, you deal with payroll taxes. If you buy something, you may pay a sales tax. Unemployed? You are required to pay taxes on the benefits received from the federal and state government. Important Reminder: Tax …
4 Major Tax Problems & What You Need To Know To Avoid Them Read More »
Quality? Price? Value? This is the daily dilemma facing all Americans when considering buying goods or services. Over the past 15 years, companies have changed their business models in placing a higher importance on delivering MORE in value. Their thinking is people will buy more from us if they perceive they are getting more value …
Tax season is a stressful time for some taxpayers. The good news is that it doesn’t have to be. Knowing each tax deadline will help you prepare in advance and to also consult your tax professional with questions so you can develop a winning game plan before your taxes are due. Who this information applies …
URGENT! 2 Looming Dates to Save Money and Avoid Pain and Loss at the Hands of the IRS Read More »
Time to take a page from one of America’s Most Popular Game Shows, Jeopardy! CATEGORY: Expenses “Whether they like it or not, every American is confronted by this massive, confusing stressful expense year in and year out.” “What are Income Taxes!” There is no getting around having to pay taxes. What you can do is …
7 Terrific Tax Savings Strategies To Make You Money Read More »
The Treasury Department recently reported that individual income tax collections for the Fiscal Year 2018 totaled $1.7 trillion dollars. To fully comprehend this staggering sum of money; did you know that $1.7 Trillion Dollars weighs over 2 Million Tons which is the weight equivalent of 1.2 Million Mid-Sized Automobiles. 2018 was a VERY GOOD YEAR for …
5 Proven Strategies to Protect Your Assets from the IRS Read More »
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