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Why You Should Avoid Paying Income Taxes with a Credit Card

TweetShareSharePin0 SharesWhy You Should Avoid Paying Income Taxes with a Credit Card We all agree that the credit card is very convenient. That is why the IRS allows you pay your taxes through it. To sweeten the deal, credit card companies offer rewards in the form of frequent flyer miles. So you can get a

Giving Your Car to Charity – The New Tax Rules

TweetShareSharePin0 SharesGiving Your Car to Charity – The New Tax Rules The IRS has changed the regulations on donating vehicles to charities. If you donated a car last year, you need to read the following to understand the new rules. Giving Your Car to Charity – The New Tax Rules Millions of people donate cars,

(New) Foreign Asset Filing Requirements 2021

TweetShareSharePin0 Shares Form 8938 Form 8938  Form 8938: The Form 8938 refers to the IRS’ Statement of Specified Foreign Financial Assets filed by US Persons with FATCA Assets that are reportable to the Internal Revenue Service in accordance with Internal Revenue Code section 6038D. With the introduction of the Foreign Account Tax Compliance Act, the

(New) Foreign Asset Filing Requirements 2021

TweetShareSharePin0 Shares Form 8938 Form 8938  Form 8938: The Form 8938 refers to the IRS’ Statement of Specified Foreign Financial Assets filed by US Persons with FATCA Assets that are reportable to the Internal Revenue Service in accordance with Internal Revenue Code section 6038D. With the introduction of the Foreign Account Tax Compliance Act, the

baby boomers voting politics

TweetShareSharePin0 Sharesbaby boomers voting politics Baby Boomers and Younger Generation Opposing Viewpoint on Voting and Politics Younger generations in the United States do not show much interest in the political games of boomers although recently, they are not the largest population of voters. There was even an incidence when Matthew Shephard, the mother and symbol

How To Get An Extension To File Your Business Tax Returns

TweetShareSharePin0 SharesHow To Get An Extension To File Your Business Tax Returns Yes, the tax season is upon with the first filing date for some businesses being March 15, 2005. If you can’t imagine getting your tax returns together by that date, you need not worry. The IRS automatically gives you an extension if your

Are You An Innocent Victim of These Popular Myths?

TweetShareSharePin0 SharesAre You An Innocent Victim of These Popular Myths? Misconceptions, misinterpretations and just plain “untruths” are floating about income taxes. Believing them could be costing thousands of tax dollars! Myth: A Professional Tax Preparer knows all there is to know about taxes so you don’t have to know anything them. Truth: Tax Preparer’s/CPA’s/Accountants are

(New) Comparing Different Programs 2021

TweetShareSharePin0 Shares FBAR vs 8938 FBAR vs 8938 FBAR vs 8938: Two of the most important international information reporting forms required by the Internal Revenue Service, include the FBAR (Foreign Account Reporting) and Foreign Asset Reporting (Foreign Account Tax Compliance Act). Both IRS forms are used to report Foreign Bank and Financial Accounts and other assets, including:

(New) Comparing Different Programs 2021

TweetShareSharePin0 Shares FBAR vs 8938 FBAR vs 8938 FBAR vs 8938: Two of the most important international information reporting forms required by the Internal Revenue Service, include the FBAR (Foreign Account Reporting) and Foreign Asset Reporting (Foreign Account Tax Compliance Act). Both of these IRS and FinCEN Forms are used to report Foreign Bank and Financial
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