The Cowboys will host the Detroit Lions on November 21st and then host the Super Bowl champion New Orleans Saints on Thanksgiving Day in another huge sportsbook match-up. Dallas will continue the toughest portion of their 2010 NFL schedule with a game at the AFC champion Indianapolis Colts on December 5th. The schedule's stretch run begins on December 12th with a Sunday Night game against Philadelphia, in a playoff rematch from last year....more
Panama as an Offshore Company Tax Haven There is no tax on income earned outside Panama. This rule applies to both personal and corporate income. Panama is also known for its strong maritime business and good privacy laws. Political stability is also recognized as good. As banking and shipping are Panama's two main ‘offshore' industries there is a good selection of banks to choose from (more than 140). Panamanian bank accounts...more
Author: Richard A. ChapoAs we celebrate leaving 2009 behind, we necessarily turn towards 2010 and start considering what the future holds. For instance, what does the year hold on the tax front? 2009 was a unique year when it came to personal finance because of the unheard of tax relief given to taxpayers. There were obvious government efforts like the cash for clunkers program to rejuvenate the auto industry and the first-time homebuyer’s tax credit to do the same for housing. Then there were smaller things like the IRS allowing businesses to retroactively apply losses for up to five past years to gain big refunds. The goal of all these programs was to stabilize the economy and help us all survive a brutal period of time. While the 2009 tax breaks were great, all things come to end in finance. 2010 is the year we will see this happen. Most programs are going to run out in the first quarter or half of the year and there will be no further extensions. Why? There simply can’t be. The government has tried to spend its way out of the economic mess, but all indications are we are nearing the point where borrowing is starting to become difficult. Many Americans are worried about our...more
Author: ChintamaniCertain forms of equity compensation provided to employees require tax withholding. Many types can be offered to non-employees, such as board members or consultants, as well as to employees. Withholding for employees is required when you are issued vested stock or when previously unvested stock vests. Withholding is also...more
An individual holding an Incentive Stock Option to acquire his employer's stock, and considering taking advantage of this fall's run-up in the price of that stock, needs to be planning for the potential Alternative Minimum Tax impact. Time is important - Dec. 31 is fast approaching, and after that it is too late to do any AMT planning for a 2009 ISO exercise.Why does an ISO exercise trigger the Alternative Minimum Tax? Let's first summarize and compare the Regular Tax and the Alternative Minimum Tax impact:- Regular Tax - When an ISO is exercised, the taxpayer does not have any taxable income at that point. Later, when the stock is sold, there will be capital gain income, taxed at the favorable capital gain rates. Note that this is the big tax advantage to ISOs over nonqualified options, which are taxed at ordinary tax rates on the date of exercise.- AMT - When an ISO is exercised, an AMT item is generated and must be reported on the Form 6251. The amount of this item is the income the taxpayer otherwise would have paid Regular Tax on if the stock option were not an ISO. Depending on the size of the exercise in relation to the taxpayer's other income, this ISO exercise AMT...more
My favorite thing to do on a Sunday Morning is to sit down with a cup of coffee and study the NFL lines. Nothing gets my juices (or coffee) going more. Its almost like NFL lines have some sort of magnetic pull on me, like theyre secretly saying, Come...more
Just like the past years, predictions based on analysis on the past performances of the National Football League participating teams are being released everywhere to serve as a good reference not only for the football enthusiasts, but...more
The Carolina Panthers visit Tampa Bay in a November 14th divisional rematch before the Bucs travel to San Francisco to meet the 49ers on November 21st. A brutally tough game at the Baltimore Ravens is set for November 28th as Tampa Bay should be a...more
Author: Thomas QuinlinSo you want to know how to save on taxes? I understand how you feel. In fact, it's been my mission for years to help my clients and myself save on taxes. Read on to find out how to pay as little as legally possible. The reason...more
Author: Jasika LotakiFor most of the people, income tax preparation is a stressful task, but it is not if you choose to do your taxes online using free tax software program. Just follow the step-by-step instructions and supply the tax related...more
If you are searching for information related to ordinary income taxes or any other such as health care, audit, income tax tds or income tax wiki you have come to the right article. This piece will provide you with not just general ordinary income...more