A list of the Various IRS Help for American Tax Payers Volunteer Tax Assistance, Toll-free telephone programs, and the Walk-in Assistance are just some of the many IRS Help you can use if you want to pay your taxes without fuss. Now, let us enumerate each one of these programs and discuss how it may help American tax payers.Volunteer Income Tax Assistance Program- This type of IRS help is available for everyone, but the moderate to low...more
QROPS Dubai- Tax Free Advantages Being a tax haven, QROPS Dubai is the answer for expatriates to enjoy the tax free benefits on their pension. Dubai, known for its oil and wealth, is now also a major financial and tourism center. With all the duty free shopping and a five star lifestyle, it has become a major destination for many expats, especially the British. QROPS Dubai is less complicated and hassle-free, unlike QROPS in some of...more
Does H1, L1 Tax Situation require Special Treatment? Can H1, L1 visa worker tax situation be treated like ordinary Tax Payers filing 1040 Tax Return or does it require any special treatment? Most of the popular tax software and tax consultants may treat H1, L1 1040 tax returns no different than ordinary US citizen Tax Returns. However, IRS regulation allows for special treatment in case of temporary workers in the US. There are specific guidelines in the IRS code to determine the tax status as well as calculate deductions based on special conditions due to temporary work status. Since H1, L1 tax payers account for less than 1% of all Tax Payers, most popular tax software and tax consultants may not pay specific attention to the regulations that govern US temporary worker taxes. Perhaps it is not cost effective for the big tax software companies to invest in programming code that covers H1, L1 special tax situation.Often H1, L1 tax payers are surprised when they find out the benefits offered in the tax code, especially during the initial year of their assignments in the US. Unfortunately, most of them miss out on these benefits without the help of a qualified tax professional...more
Offset corporate tax liability When companies are subjected to limited or complete tax liability it totally depends on the residence status. Company's statutory domiciles /places of organization are established in that specific area where the company is going to have complete tax liability, and in that case, over the globe income can be...more
On the Net Tax Application Will Make Your Existence Much Easier Tax time is dreaded for many, many reasons. Most people dread finding out that they will have to pay any amount of money. Often, even those that are excited about the prospect of a refund dread actually getting the information together and doing their taxes, or getting it...more
Reasons Why Should Not Dread Tax Returns Whether you're a company or an individual, tax assessments often create a sense of worry and dread. A lot of people frequently put their tax returns off till the last minute and then panic and fret about the due dates and the way to fill it in correctly. Other people actually wait till the last second, forget about it or simply get distracted and then stress about the consequences of filling it overdue.There have been several high profile cases of individuals and celebrities failing to pay their tax returns. This may lead to severe punishment by the federal government and even result in charges or incarceration. Filling out and submitting your tax return really should not be considered as so terrible though. Below are some tips to help you.Firstly, keep an archive of everything you earn etc. If you sign a new agreement of employment or have your year end paperwork be sure you keep them and file them secure or else you might find yourself in a spot of trouble when you are wanting to count all of your earnings and tax due. If you're a freelance worker or work with short term contracts then you'll need to make sure the numbers are...more
Reasons A Tax Payer Should Be Cognizant Of The Offer In Compromise In case you or somebody you are acquainted with owes money to the IRS, then you might know about offer in compromise. An offer in compromise is actually a contract between the...more
Choosing Domain Names for Tax Breaks People and businesses with tax problems are on the rise because off the recent recession and more are still to come because economic recession is and hopefully not always, will be a part of any economy. The...more
Week 15, NFL Power Rankings 1– New England Patriots (12-2): It wasn't the Pats' prettiest win, and they didn't dominate for the first time since Thanksgiving, but they got the W.2– Atlanta Falcons (12-2): Home against New Orleans next week...more
Getting nervous for not being able to complete filing your income tax return before the 15 April deadline? Then dont loose the opportunity to file your income Tax Extension 2009. Fill up the extension form online and get 6 month additional period for...more
Lee Byers British Offshore Tax Haven Update The UK has a number of tax havens associated with it – from Jersey and Guernsey in the Channel Islands to the Isle of Man and even Gibraltar. All are jurisdictions closely associated with...more