When the tax season is just around the corner, you will find people frustrated and annoyed not only with all the money they have to pay, but also with all of the paperwork and calculations they need to do, so as to ensure that they are paying the right amount. I am quite certain that you aren’t a fan of this season either. The truth is, though, that it has to be done, and here … [Read more...] about Who is the Best Tax Resolution Company and Do They Really Work?
Taxes
The Many Steps Of Qualifying For An Offer In Compromise
Taxes can be a costly expense for many people and in numerous ways. The fear of landing yourself in serious trouble with the IRS only amplifies the stress that some taxpayers may experience. However, many people might be unaware of the available options at their disposal. If you find yourself unable to pay your designated amount of taxes due, you might be eligible to apply for … [Read more...] about The Many Steps Of Qualifying For An Offer In Compromise
What to Know About Taxes and Life Insurance
In general, you need to be concerned about taxes during three stages of your policy—whether you are seeking a deduction or wondering about giving a percentage to the IRS. Those major life insurance tax areas include premiums, cash value, and death benefits. It’s very possible that not all of these three phases will apply to your policy situation, but if you ever plan to … [Read more...] about What to Know About Taxes and Life Insurance
6 Factors Influencing Tax Fraud in 2021 and How to Reduce It
Tax fraud is a common problem internationally. Many countries have lost a lot of money through tax fraud. For instance, about $190 billion is spent every year by the US government on tax fraud. Tax fraud is a complex matter countries have to handle with no exception. Identifying the factors influencing tax fraud gets us closer to dealing with the bigger problem. Now, let’s … [Read more...] about 6 Factors Influencing Tax Fraud in 2021 and How to Reduce It
How to Determine Donation Value for Taxes
When making a donation, you must have in mind the donation value for purposes of making a claim on taxes at the end of the year. This is particularly true if the donation is not made in cash. You need to establish the fair market value of non-cash gifts especially if a receipt is to be issued by the registered charity. The fair market value represents the best/highest price, … [Read more...] about How to Determine Donation Value for Taxes