Taxes

The Tax Increase Prevention and Reconciliation Act of 2005 has ushered in new rules for settling tax debts with the IRS. Here is the scoop on the compromise procedures. New Procedure for Settling Tax Debts with the IRS If you owe the federal government back taxes, there are two approaches you can take to resolve … Read more

Taxpayers have two easy and convenient options for getting copies of their federal tax return information – tax return transcripts and tax account transcripts – by phone or by mail. A tax return transcript shows most line items from the tax return (Form 1040, 1040A or 1040EZ) as it was originally filed, including any accompanying … Read more

In modern America, it is rare to find a person or family living in the same place for thirty years. Most of us move five or ten times, which means taxes become an issue. Moving To A New Location Tax Information I hate moving. Absolutely loathe it. I am sure you do as well. Nonetheless, … Read more

While Monaco is a well known European tax haven, Andorra has remained little known outside of the financial community – despite enjoying the same tax advantages and arguably more private banking than her better known rival. In contrast to the similar financial benefits both Monaco and Andorra residents enjoy, the two small countries have quite … Read more

Tax preparation is the information given out by an individual or an organization to a government body declaring all liabilities for taxation. Everyone wants to pay their taxes in time and be free of the tax liability as soon as it is possible. Accounting firms and CPAs can undertake tax preparation outsourcing to meet the … Read more

If you want to minimize receiving taxable distributions from mutual fund investments, tax-efficient funds should be considered for your investment portfolio. In tax-efficient investing, the focus is not on what you earn but what you are able to keep. The objective is to produce the best after-tax returns. Such mutual funds apply to investments outside … Read more

Getting married is the greatest day for 50 percent of couples. The other 50 percent get divorced. Perhaps the marriage tax penalty has something to do with it. Family Values Hardly For all the chatter from politicians about family values, it is ironic that the tax code actually penalizes people for getting married. At its … Read more

According to business analysts, the home-based business trend is on the rise and a lot of people are jumping onto self-employment. The news is not surprising since there are many advantages in being self-employed and owning your own business. Aside from the fact that you can actually call something your own, there is also the … Read more

Many people just assume their accountant will cut their taxes as much as possible. To get the biggest benefit from them, you need to be a bit more proactive. Make Your Accountant Your Best Friend Accountants tend to come in two types. The first is a reactive accountant, one that waits for you to send … Read more

Many people are already aware of the benefits of investing in a state-sponsored 529 college savings program. What might not be as well known yet are tax parity laws. Numerous states give up-front state tax deductions or credits to residents who enroll in their own state-sponsored 529 plans. But until April, no state allowed residents … Read more