Another Year End Tax Planning Tip to Avoid This time of year, the media starts to focus on taxes and what "you" can do to reduce your taxes before the end of the year. This tax advice is geared toward the general population.Last week I went through the example of maximizing a retirement plan contribution and how that was tax advice for the general population and not for business owners and investors. There are better ways for business...more
If you want to be in a disturbing situation the quickest way to get into trouble is when you do not pay your mortgage and the bank sends you a foreclosure letter. This can be a really stressful time for anyone as it hits you from all angles: your lose your beloved home, your credit rating crashes, and you end up footing the bill as well. To save your home or property as well as your credit rating you may want to consider doing a short sale, which...more
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While big business in particular may be in shock over the Healthcare-triggered Medicare tax increases, the landscape looks different for many small businesses. For the typical limited liability company, for example, the new law may not pack that big a punch. Yes, the new laws do increase the Medicare tax burden of many LLCs. But not everybody gets...more
Well, its that time of the year again, do you have your taxes done? Are you someone that gets yours done as soon as you can or do you wait until the last minute? Some of you will get yours done the minute you get your W-2. This is because the sooner you get them done the faster you get your money. If you happen to think that you are not one of the...more
Importance of Defending Tax Evasion Charge If you are considering not filing your tax returns this year or putting in just a few details that are not completely true, think again. Any attempt to evade your taxes can lead to trouble and land you up in jail. US Code Section 7201 provides the details of what could be termed as tax evasion as well as the penalties for these.Any attempt to willfully evade or defeat the taxes you owe to the US government may lead to a felony charge. Such a charge could jeopardize your life. Get in touch with an attorney to put up a good defense. What classifies as an attempt? Here are a few instances that may be interpreted as tax evasion. Maintaining two sets of accounting recordsPaying employees in cashClaiming charitable donations falselyFaking expense claimsProviding salaries from corporate accounts falselyKeeping details of second business discreetProviding false details about your property Which authorities are involved in the investigations? Initially, the Internal Revenue Service (IRS) was the chief one handling the tax crime investigations. However, since 1934, the Tax Division of the US Department of Justice is at the forefront of...more
Watch Chicago Bears vs Minnesota Vikings live stream NFL on 20-12-2010 | NFL Monday Night Football Chicago Bears vs Minnesota Vikings Date : Monday 20 December 2010 Game Start Time : 8:30 PM ( ET ) Venue : TCF Bank Stadium Week 15 - NFL...more
Law is a huge field. It has so many streams in it that you might sometimes become confused about which to choose and which not. You might be aware of the various fields present in law. If you are interested in law then you might have also decided...more
You can save a lot of money on taxes if you make your charitable contributions wisely. This way, you can ensure that you fulfill your social responsibility while at the same time avoiding the penalty of paying taxes on donations you give. For your...more
The Green Bay Packers star defensive back Charles Woodson has done something that no one has done in the NFL since the great Deon Prime Time Sanders did in 1994. Woodson just became the first defensive back to win the Defensive player of the year...more
QROPS Dubai - Flexibility With 0% Tax Reduction Option QROPS Dubai is at your service around the clock. If you are a British national and like to spend the rest of your retired life in Dubai, you will have to draw money from a UK pension plan....more
It seems a little too old fashioned for a lot of people to write a check, seal it in an envelope, and a stamp, and mail it in the nearby mailbox so there is a new way to pay your taxes without having to do all these out of date procedures. This new...more