federal taxes Archive
New Procedure for Settling Tax Debts with the IRS
May 18, 2021
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TweetShareSharePin0 Shares New Procedure for Settling Tax Debts with the IRS Source: Flickr The Tax Increase Prevention and Reconciliation Act of 2005 has ushered in new rules for settling tax debts with the IRS. Here is the scoop on the compromise procedures. New Procedure for Settling Tax Debts with the IRS If you owe the
Africa and the corrosive international tax system
May 18, 2021
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TweetShareSharePin0 Shares By Chenai Mukumba (Tax Justice Network Africa) and Rachel Etter-Phoya (Tax Justice Network) Illicit financial flows punch holes in the public purse across the African continent. Over the past five decades Africa has lost in excess of US$ 1 trillion in illicit financial flows. This amount dwarfed Africa’s receipts of overseas development assistance
Africa and the corrosive international tax system
May 18, 2021
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TweetShareSharePin0 Shares By Chenai Mukumba (Tax Justice Network Africa) and Rachel Etter-Phoya (Tax Justice Network) Illicit financial flows punch holes in the public purse across the African continent. Over the past five decades Africa has lost in excess of US$ 1 trillion in illicit financial flows. This amount dwarfed Africa’s receipts of overseas development assistance
Changes to IRS Tax Settlement Rules
May 17, 2021
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TweetShareSharePin0 Shares Changes to IRS Tax Settlement Rules Source: Flickr In recent years, the IRS has made a concerted effort to get people back into good status by reaching deals on overdue taxes. The rules affecting this program have just changed dramatically. Changes to IRS Tax Settlement Rules The IRS used to be the terror
It’s Tax Day, Finally and Forever?
May 17, 2021
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TweetShareSharePin0 Shares The IRS continues processing returns, slowly. Source link TweetShareSharePin0 Shares
Cost Segregation give apartment owners tax relief
May 17, 2021
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TweetShareSharePin0 Shares Cost Segregation give apartment owners tax relief Source: Flickr Apartment owners can face staggering expenses to maintain apartment communities. The upkeep of even a modest community could involve groundskeeping, unit renovation, and replacements, such as parking lot asphalt and fencing. Another steep expense is federal income tax – and in some areas an
Michael Jackson’s Heirs Just Got a Big Win in Tax Court
May 17, 2021
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TweetShareSharePin0 Shares More than ten years after Michael Jackson’s death, a U.S. tax court has resolved a dispute between the singer’s heirs and the IRS. The fight was over the value of Jackson’s estate, and Judge Mark Holmes agreed with Jackson’s mother and three children that the tax agency had assigned a tax bill that
The Ultimate Tax Planning Strategy
May 16, 2021
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TweetShareSharePin0 SharesThe Ultimate Tax Planning Strategy Source: Flickr The taxes that are withheld from paychecks amount to about 25% of your gross pay (including federal tax, state tax, social security tax and medicare tax). But these taxes that are withheld could be working for you as investments if you employ what I call the ultimate
IRS Issues Tax Credit Amount For Toyota Camry Hybrid
May 16, 2021
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TweetShareSharePin0 SharesIRS Issues Tax Credit Amount For Toyota Camry Hybrid Source: Flickr Prior to January 1, 2006, people purchasing hybrid vehicles were eligible to claim a significant tax deduction. Now they can claim a monstrously large tax credit. IRS Issues Tax Credit Amount For Toyota Camry Hybrid The government attempts to modify the behavior of
Starting a Business Accounting
May 16, 2021
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TweetShareSharePin0 SharesStarting a Business Accounting Source: Flickr Starting a business can be quite trying at times. There are many things you must consider when starting a business. In addition to deciding what type of business you will start up, what the business will sell or what services the business will provide, you must also make
