Do you dread preparing your personal tax return? Below are some top tips to decrease the pain and stress of preparing personal tax returns. TIP 1: Keep all the information you need for your tax return in a safe place TIP 2: Common Required Tax Return Items TIP 3: Early Preparation – Don’t leave the … Read More “Personal Tax Returns – Top Tips!” »
Category: About tax
If the IRS has sent you a wage garnishment notice because of back tax debt, it can be very stressful, not to mention embarrassing. After all, you don’t want your boss-or even just the H.R. department-to know you’re behind on taxes, right? Well, unfortunately, your employer does find out about a wage garnishment, mainly because … Read More “How to Stop IRS Wage Garnishment” »
Income tax liability is derived by multiplying taxable income by the applicable tax bracket rate. The lower the taxable income, the lower the rate, thus the lower the tax liability. Herein lies the secret to significant tax savings. Reduce taxable income, and, in turn, tax liability will be less. To maximize after-tax income, you have … Read More “Three Things The IRS Won’t Tell You” »
There are a few changes to procedures in some counties for the Arizona tax sales, particularly the online tax sales. Here’s what you need to know for this year’s online tax sales in Arizona: The Single Simultaneous Bidder Rule Pinal and Yavapai counties incorporated this rule last year and this year Coconino County has a … Read More “What You Should Know About Arizona Tax Sales” »
EAFS consulting BV are a Dutch Payroll consultancy for contractors. Each country has its own unique spin on payroll, social security and income taxation. The Dutch market is no exception, with the documentation and procedures often being complicated and time consuming. The Dutch tax authorities ruled in 1997 that any foreign company directing employees or … Read More “Understanding Dutch Payroll” »
Big Data and an ever aggressive approach by the IRS toward ferreting out Americans living abroad who are not current with their US tax filing has, so far, not yielded the results that the US government hoped for. With a tax system that is based largely upon voluntary compliance, the United States wields a big … Read More “IRS Finally Gets It Right – This Is The Penalty-Free Path Forward American Late Filers Have Been Waiting For” »
Estate taxes, also referred to as death taxes, relate to “power to transmit or the transition or receipt of property by death.” Estate taxes are imposed when property is transferred at death. The size of the estate depends on the graduation of the tax. Estate tax consists of “an accounting of everything you own or … Read More “Estate Tax History” »
Working at home is too good to be true for many of us but the idea of generating additional income while working from home is not impossible. Even though there are reputable home-based businesses out there, most require a lot of upfront capital or the ability to store goods in the home which can be … Read More “Facts To Consider When Starting Your Own Tax Business.” »
The daunting three letter word, tax, can evoke a wide range of emotions. However, it doesn’t have to, as the grass may well be greener on the other side. The confusion around tax refunds is a common occurrence. A tax refund is a repayment of PAYE tax that you have overpaid during the tax year. … Read More “Tax refunds made simple” »
Find The IRS Before They Find You This is the last US tax filing season for American expats to become current with the IRS before new laws come into play that will reveal your identity, location and foreign accounts to the US government. Now is the last best chance for Americans living abroad to become … Read More “Year 2013 | Last Best Chance To File Your US Expat Taxes” »