Capital Gains Tax Loopholes Shrinking You have to pay taxes on profits made out of selling bonds. If you have held the stock for five or more years, you have to pay a 15 percent capital gains tax . However, if you have held it for less than five years, you have to pay almost double, that is 30 percent.Capital gains tax. Lets look first at the capital gains tax position of a transfer of property. On the assumption that the parent is UK...more
How to Buy NFL Ticket Packages If you hate to go home after a great football showdown, consider purchasing NFL ticket packages that include hotel accommodations. Some ticket brokers or travel specialists put together vacation deals centered on NFL games. They include airfare, room and board and special seating. Enjoy special perks, and make your next assault on the grid an all-out blitz when you buy NFL ticket and travel packages.Buy...more
Obama Ignores Gays and Lesbians In Tax Debate On average, gays and lesbians earn more than the majority of Americans. They enjoy more disposable income as a result of higher wages and fewer expenses. However, lesbian and gay professionals suffer from discriminatory tax policies that have been in place for decades, and during the current tax debate these issues have once again been ignored.President Obama and Senate Republicans have reached a deal on the extension of tax breaks for the wealthiest of Americans for two years and the middle class indefinitely. There will be a cut in the estate tax for the wealthiest Americans as well.Many gay professionals are left wondering why they have again been ignored in the whole process. Gays and Lesbians still do not get a deduction for their spouse's or domestic partner's insurance benefits they get through work like their heterosexual counterparts do. This issue wasn't even raised during the tax debate or the healthcare debate and it leaves many gay rights advocates wondering why nobody is looking out for their interests when these debates are happening."I just don't get it," says Christopher Lewis of Meet Gay...more
Finding a Reliable Tax Preparer All Tax Preparers Are Not the SameAs tax season quickly approaches it's about time to start looking for tax preparation in Columbia and the surrounding areas. A common misconception in seeking Columbia Maryland tax services is that all tax preparers are CPAs. Though CPAs (especially a CPA in Columbia...more
Payroll Tax Penalties, When the IRS Sends a Letter At least that is what the letter from the IRS says. First thing, don't panic. Quoting Daniel J. Pilla's study for the Cato Institute "About 40 percent of the revenues the IRS collects through penalty assessments are abated when citizens challenge the penalties."So we now know the...more
Spendaholics: Why the Tax Cut Compromise Was Necessary The Triad of RedistributionIn 2009, the 111th United States Congress passed H.R. 1105, otherwise known as the Omnibus Appropriations Act, 2009, and it was considered a massive expansion of government spending at a time when the deficits were mounting rapidly. At $410 billion, it contained $8 billion in pork.It was one year ago, December of 2009. It was also long before the government heard the loud shouts of "STOP!" from the electorate in the form of voting this past November. No matter, the lame-duck session of Congress - a collection of soon-to-be-unemployed politicians - have decided to have one last laugh on the American people.Not only did the mobility-impaired water fowl ignore the people this year, they have upped the ante, significantly. This December - today, in fact - the Congressional leadership dumped upon its membership a nearly 2,000-page bill calling for a new omnibus spending package of $1.1 trillion. Yes, trillion, with a "T". At 1,924 pages, the spending proposal amounts to nearly $572 million per page. While that may stun some people, there is more. Much more.The Republican side of the aisle,...more
Tax Relief Capital Gains Tax Taper Relief If your losses total more than $3000 in one year, the remaining amount can be added to the next year's income tax return, but limited again to only $3000.Isas are tax free so you should maximise...more
Notice of Tax Lien: A Desperate S.O.S. Signal for Rescue Most failed businesses, up to 60%, say that all or most of their failure was due to cash flow.Most small businesses can be taken back to profitability. It is all so simple that it pains...more
Preparing Tax Accurately Is Important If you are earning and if you need to pay the tax, you might know how difficult the task of tax preparation is. But recently, there are several ways by which this process is created simpler. You can do...more
All About Taxes and E-file Protection Individual taxpayer's can do taxes online directly from home using efile tax software. Online tax filing is one of the fastest and most affordable ways to file federal income tax. To e-file your...more
Watch San Francisco 49ers vs San Diego Chargers live Stream NFL Week-15 on 16 December 2010 San Francisco 49ers vs San Diego Chargers live Stream NFL week-15 match online at 16 December, Thursday 08:20 PM(ET). San Francisco 49ers vs San Diego...more
Chris Devonshire-Ellis on Double Tax Treaties in China China has signed double tax agreements (DTAs) with many countries in treaties to limit taxation (tax treaties). Such treaties typically cover income taxes, value added taxes, withholding...more