Tax Preparation Software: The Good, the Bad and the Ugly
The medium is the message, it’s sometimes said. Think of Franklin D Roosevelt and his fireside chats to the nation. In a pre-TV era, the radio was the perfect medium to have a conversation with the American people. He could...
Just in time for tax season you will find yourself presented with this years editions of popular tax preparation programs that promise to make tax filing a breeze for the average person. Which one is right for you and what are some of the most popular electronic tax filing solutions? Read on...
Another year has come and gone and whats really changed? Are you sitting in roughly the same place you were last year at this time with respect to your taxeswondering what you could have done differently in your business to positively affect your year- end tax bill?
All too often, when...
Tax Magic: How To Turn Taxable Income Into Tax-Free Income
Believe it or not, there are ways to convert taxable income into non-taxable income, without any fear of an IRS audit.
Here’s one of my favorites. It’s been part of our tax code for over 30 years, yet many still...
Tax Laws The IRS Doesn’t Want You To Know About
Most People Are Not Aware That We Have Two Tax Systems.
One is for employees, which was created to take your wealth, and one is for small businesses that was designed to create economic growth. The reason is that small...
Do you realize that some tax forms ask you to check a box if you are BLIND?
Quote: Two years ago it was impossible to get through on the phone to the IRS. Now it’s just hard to get through. That’s progress. -Charles Rossotti, former IRS Commissioner
Disappointed that...
The United States is a nation of entrepreneurs. There are literally tens of millions of self-employed individuals that enjoy pursuing their dream business. Of course, few of you enjoy the paperwork and confusing tax issues that arise from owning your own business.
Many self-employed...
A tax invoice is a legal document that offers a look at what the GST is for a transaction. Read on to learn about your obligations for issuing, holding, and supplying the different types of tax invoices.
You can easily learn what the general requirements are for keeping tax invoices and...
Recent statistics show Americans are simply not saving money for the future. To encourage savings, the government has come up with tax incentives.
Tax Incentives for Saving for Education
Higher education in America is an expensive proposition. If you have a child in college, I...
While Monaco is a well known European tax haven, Andorra has remained little known outside of the financial community – despite enjoying the same tax advantages and arguably more private banking than her better known rival.
In contrast to the similar financial benefits both Monaco...
Do you dread seeing those brown envelopes with the IRS or Inland Renenue address on them? Do you put them on one side until you have summoned the courage to read their latest demand for money? Does the thought of filing your tax return stress you out unbearably?
Tax laws in most countries...
What is a Tax-Deferred Annuity? A tax-deferred annuity is a contract between you and the insurance company with guaranteed interest and guaranteed annuity income options. There are no upfront sales charges or administrative fees during the life of your contract.
Advantages of Tax-Deferred...