Tax Basics You Need to Know – Save More on Your 2010 Taxes As we head into 2011, it's time to truly understand your taxes. Let's face it, it's a lot better to get money back each year than to owe money. Fortunately when you take the right steps now, you can make sure that you get the best results. So let's go over some tax basics. First, let's explore the difference between tax deductions vs. tax credits. A tax deduction is an...more
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 the other countries like Spain, France etc. With a structure which is dependable, UAE would be the ideal country to have your pension stacked up. One always fancies putting away their pension in a different country where the tax is low. By opting for QROPS Dubai, you can enjoy a tax free income while living in Dubai. However, the precondition is that the country you plan to transfer your pension to must be approved by Her Majesty's Revenue and Customs department.Once you have made up your mind to settle in Dubai and put your pension in QROPS Dubai, many advisers from the financial sector may try to contact you and try wooing you to put your money in different investments. You need to understand that the rules and specifications of Her...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...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 together to take to someone else to do and having to pay them for the service.Online Tax Software will make your life easier! Online tax software is like having a free tax professional at your service. It not only serves as a means of getting your tax information to the Internal Revenue Service, it actually speeds up the refund process and answers any questions you may have to ensure your taxes are done correctly and in a way that ensures you do not pay more than you owe, and that you get the full refund that may be available to you.Do Your Taxes at Your LeisureIf you are expecting a refund, you want it as soon as possible. It can be frustrating to take everything to a tax professional, and then have to wait until it is your turn in their long line of forms to fill out and submit. Online Tax Software eliminates all of that. You can complete and...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...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