Nobody likes to pay tax; this is a universal truth. Since we’re in the mid of income tax season, there’s been a lot of tax policy discussion about the adverse impacts of the property tax that the Americans pay either directly or indirectly.
About a decade back, pollsters at CNN, USA Today and Gallup sought to identify what tax was the most disliked. Many experts expected that income tax would be the topper of this distinction, considering all the time that Americans spend on their returns. Continue reading Why Property Tax is a Nightmare for the American Homeowners
Internal Revenue Service or IRS is not kind enough for the workers who fail to pay taxes in full. So you must avoid any underpayment and penalty by all means. Let’s have a look on how you can avoid them.
Ideally you should know how much tax you should pay and how much have been withheld from your paycheck all through the year and the breakeven. Continue reading How to Get Rid of IRS Underpayment Penalty
IRS (Internal Revenue Service) tax is implied on just about everything. Taxable income may be defined as the gross income (every income from any source derived) minus deductions. That’s a vast territory that not only covers your income from wages but also unearned income from your investments. Even if there is something got on a cash-free basis, the value of the item you get as barter exchange will be taxable. In a nutshell, whether from your employer, prize winning, freelancing or even gambling jackpots, you must include your income to Uncle Sam’s tax roll. Continue reading Income That Sets You Tax-Free
Audit is undoubtedly one of the scariest words for most American taxpayers. Although it’s true that a tax audit can definitely be a matter of gross inconvenience, yet at the same time it is also true that the entire chance of being audited by Uncle Sam is also pretty slim. Just 1% of all tax returns received by the IRS are chosen for a closer and scrutinized view. So, you can be more than sure that you won’t fall in that risky 1%. Continue reading Smart Ways to Avoid an IRS Audit – How to Stop Being Targeted by Uncle Sam
As we know that there’s always a silver lining to every cloud, the silver lining to the most intimidating task of preparing tax returns is the tax refund which soon follows it. Once you send your tax returns to the IRS, you probably become too curious about receiving your payment. If you are worrying about the 2017 tax refund schedule, you’ve clicked on the right article. Let’s check out when you can expect to get your money. Continue reading Grab Your Tax Refund as Soon as Possible – Know Some Tips and Advice
So, are you ready to file your taxes except for a single thing – that you’re for an IRS W2 form from your employer? Every year in the month of January, all companies issue W2s to let their workers know the total amount of money which the employee made in the previous year. How much did they make in income, how much in Medicare taxes, Social Security and taxes? If you file tax return without all your W2s, this could unnecessarily delay the entire process and also the arrival of the refund. Continue reading Important Steps to Take if You Didn’t Receive Your W-2 Statement
Are you new in the world of freelancing and cringing about how to manage your overall personal finance including your income, expenditure and overwhelming taxes? Have no worry; it’s not that complicated. You can surely manage your money and finance with the help of an income tax consultant or professional accountant. Continue reading Managing Freelance Money – Go Easy with Your Income, Expenses and Taxes
People keep on working harder by the day during their professional life so that they might earn a substantial amount of money which would give them a retired life in the true sense when they cross the age limit to be a professional any more. But in today’s world, just earning money is not sufficient to give you a rich life after your superannuation. A whole lot of planning needs to go that way in order to not only lead but also to sustain an economically healthy life even after you have closed even the final chapter of your professional life. Here are some of the hacks which would help you in sustaining your hard earned fiscal resources and continue to be wealthy for longer periods. Continue reading Enjoy a Rich and Hassle Free Retired Life
Smart tax planning should be a year-round activity – it’s not about something you should take care of when you finally prepare your tax return. No matter whether you’ve filed last year’s tax return, you must think about 2017 taxes.
Here are three things you can do in 2017 to curtail your taxes and enhance refund as well. Continue reading 3 Amazing Ways to Help You Lower Your Taxes in 2017
Very soon you will find it tough to walk past a tax preparing storefront or turn on the TV or sit in a Walmart and not be distracted with the too-good- to-be- true pitches which claim 0% refund-related loans and immediate cash. Jackson Hewitt, H&R Block and few others are combating tough for gaining marketing share and are striving to lock customers who grab customers who may turn into customers or into online competitor just as Turbo Tax did. The strategy that they’ve adopted right now is to heavily market easy cash loans for some time to all those cash-saddled people who are struggling with tax filing Miami Florida and who wait to earn benefits from Earned Income Tax Credit. Continue reading Marketing Push Achieved by Tax Refund Advances in 2017 – What is the Push all About?