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federal taxes Archive

A Deal, A Need for Details, And Maybe A Delay

TweetShareSharePin0 Shares G20 signs off on global tax reform deal. Finance ministers representing the Group of 20 large economies have approved a plan for taxing multinational companies that includes a global minimum tax rate of 15 percent. The Organization for Economic and Cooperative Development (OECD) shepherded the plan and 130 countries have embraced it, though

Debt Settlement — Why the Critics Are Wrong

TweetShareSharePin0 SharesDebt Settlement — Why the Critics Are Wrong After October 17, 2005, a lot of people are going to become interested in debt settlement as an alternative to bankruptcy. That’s the date the new bankruptcy law goes into effect, and it means a rude awakening for many consumers seeking a fresh start in bankruptcy

Bookkeeping

TweetShareSharePin0 SharesBookkeeping So what goes on the accounting and bookkeeping departments? What do these people do on a daily basis? Well, one thing they do that’s terribly important to everyone working there is Payroll. All the salaries and taxes earned and paid by every employee every pay period have to be recorded. The payroll department

How To Eliminate Capital Gains Tax

TweetShareSharePin0 SharesHow To Eliminate Capital Gains Tax First off I will give a short summary of the Capital Gains Elimination Trust (CGET). Then, I will provide some details about how it works and conclude with a case study as an example of how someone might use this. Summary: The Capital Gains Elimination Trust is better

Use Tax Credits To Help Finance Your College Education

TweetShareSharePin0 SharesUse Tax Credits To Help Finance Your College Education Students are always on the lookout for ways to help pay or offset the cost of their tuition. There are various government grants and scholarships available to you if you qualify. But what if you don’t qualify for these government programs? Don’t loose hope there

The Fair Tax Revolution

TweetShareSharePin0 SharesThe Fair Tax Revolution Few people would expect a book about taxes to take The New York Times bestseller list by storm, but that’s exactly what The Fair Tax Book has done. For decades, Americans from every point on the political spectrum have moaned about April 15th and the maze of ridiculous instructions and

The History of Income Tax

TweetShareSharePin0 SharesThe History of Income Tax They say death and taxes are the only two certain things in life. Alas, this wasn’t always the case. Well, at least for the income tax. The History of Income Taxes Our great nation came into existence in fits and starts. Following the revolt against the British, a federal
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