Are you still puzzling over investments in stocks, pension funds and the capital market and have overlooked financial planning for your dependents after you are no longer there to provide for them? Inheritance tax planning is a crucial component of your financial plan. It will decide what is left behind for your family members and dependents. While it may sound complex, it is very important to not avoid estate planning and to understand...more
A Tax attorney is a lawyer who helps the taxpayer resolve his/her IRS (Internal Revenue Service) or state revenue department tax issue. They are legal experts in the field of taxation. They can do a terrific job helping one remove bank levies, wage garnishments, tax liens, and can help prepare settlements, such as the much-publicized offer in compromise. Overall, if you have a tax debt, the best choice and top form of representation is to hire a...more
There probably isn't one late night television viewer in the U.S. that has not seen an ad for tax relief. Roni Deutch and her claims of paying the IRS just pennies on the dollar, American Tax Relief and J.K. Harris are probably familiar to most. Unfortunately, most of these TV hucksters promoting tax relief are simply frauds.What is so troubling is that these companies prey on people already in trouble. Most people unable to pay their taxes are already struggling financially. To then find out that the $10,000 or so up front fees paid to one of these tax relief companies is simply money wasted is devastating.In October of this year, a federal judge finally shut down American Tax Relief. Earlier this summer, California Attorney General Jerry Brown sued attorney Roni Deutch for allegedly scamming clients out of $34 million in fees. And 18 states have pursued J.K. Harris for false and misleading ad claims. What does this mean for consumers who owe taxes?The IRS does have programs to help delinquent taxpayers settle their tax debts. Although most accountants and lawyers are not familiar with the IRS' offer and compromise program, there are many that can. The rules are a bit complex...more
Retirees often receive income from a variety of sources, including Social Security benefits, and distributions from pensions, annuities, IRAs and other retirement plans. Your Social Security benefits may be completely tax-free or at least partially free, depending on your total income. Figuring out how much of your benefits will be included as...more
If you disagree with the appraisal district's value or any action of the appraisal district about your property, the Texas Property Tax Code (TPTC) provides several options to appeal your property taxes. Most appraisal district offices will meet with you informally to review your protest and usually make an offer, but if you are unsatisfied with...more
January to April 15, it is a busy schedule for most of the tax payers and tax preparers in Maryland. You will find a rush of people filing their previous years income taxes and IRS coming up with loads of annual tax payment tips. If you are finding for such a Tax accountant or tax preparers filling W-2 form for you, this article would be much of your use.Before giving you the tips on how to find a Maryland Tax Accountant, let us explain a brief about Maryland Tax regulation on Tax preparers:Tax Preparers under Maryland law regulations:IRS does not have anything to deal with Tax preparers. In fact, in US only Oregon, California, and Maryland have regulations regarding tax preparers. Recently licensing process of individual tax preparers has been passed. In Maryland, a tax preparer has to be licensed with the State Board of Individual Tax Preparers as per Maryland Department of Labor, Licensing, and Regulation. However a Certified Public Accountant licensed in Maryland or an official administered by local, state or county government needs not to have any licensing done. Qualifying criteria:As per Maryland Law, there are certain qualifying examinations for the individual tax...more
I highly recommend you pick the appropriate form of fur for the best atmosphere or use. For instance, when you need something for particularly unpleasant illnesses, a little something that is rugged, you attempt to stick with beaver seal or otter....more
Income tax preparation businesses have been growing in appeal for startup entrepreneurs for some time now, and with the current changes in the industry, this might be the best time ever to consider this type of business venture.Tax Preparation...more
Most of the players here in Canada as well as in the U.S. seem to agree that the film, television and digital animation business has bounced back nicely in Canada. Film tax incentives in film finance (we're of course talking about television and...more
Unfiled tax returns are a common issue. It is an issue that leaves people owing a great deal of money to the IRS. The IRS defines unfiled tax returns as a criminal act. More and more rules are being made to address people who do not file their...more
Want to learn 10 ways to pay less tax in Canada from a Canadian Tax Accountant? Than you won't want to miss this interview with Allan Madan a Tax Accountant in Mississauga Ontario Canada, as he describes, 10 ways you can start using to pay less tax...more
Do you want to learn how to minimize your personal income tax return? Do you live in Mississauga Ontario Canada and wonder if you're paying too much tax? If so, then this interview with Allan Madan, a local Tax Accountant with offices in Mississauga...more