Maximize Your Tax Firm's Visibility with Income Tax Neon Signs Embarking on a journey to start your very own tax firm may sound to be a major daunting task. Like every entrepreneur out there, you wouldn't wish to fail in this personal endeavor. While it is only natural for you to feel nervous at the outset, you shouldn't be. There many ways and things that will help you out in order to become a successfully- operating tax firm...more
Income Tax Neon Signs – Direct and Smart Ads You Can Use Within the Base of Your Accounting Firm Tax and accounting firms are in abundance in the financial district. If you happen to run this type of business, it would give you more edge over your competing firms should you be able to invest in a direct and smart advertising campaign. Your accounting office may only be starting and gaining root so it would really hurt your...more
Taxes, Only the Rich Pay Every election year for at least the last forty years we have heard the same old rhetoric from the left. We're going to raise the taxes on only the rich, give every one else huge sums of money and benefits, vote for me and you will be living in the land of milk and honey.Get Real!! How many times do people have to hear this before it FINALLY soaks in, there are no free lunches! When Incomes taxes were first implemented around the turn of the 20th century, the same technique was used. The idea was sold to the public,that only the very few rich would pay. How long did that last? Now almost a hundred years later,they same old , same old is still being sold to the American public. Wise UP!!Some politicians, in the never ending quest for votes, try to create victims and make people dependent on government. Instead of trying to get the populous to improve themselves and achieve more, they want to make the citizens feel dependent on government thereby creating a need for all of the giveaways supplied by politicians, thereby creating a dependency, thus we as the common folk, can't live without them. There is no problem , that with the governments...more
Disputed Taxes in The United Kingdom Taxes are something that we can always count on, something that's always going to be there. But in the UK they seem to be taking things a step further and placing taxes on some things that are quite ridiculous. For instance, in the UK you have to pay a tax if you own a TV set. It doesn't matter...more
Taxes and Their lease - Lease Options There are some interesting and lucrative advantages of using options and forced optionor optionee of real property. In general, the choice of "money is not taxed optionor TO option is exercised, expires or is abandoned. IRC Chapter 1234 (taking into account the" dealer "rules, discussed below)....more
Has Your Name Been Forged On A Tax Return? When a spouse establishes his or her signature on a joint return was forged and there was no tacit consent to the return as filed, the joint election will be invalid.Again, the relief from joint and several liability provisions do not apply. Why? Because the IRS will not accept the tax return once they become aware of the proved forgery.The individual claiming his or her signature was forged is not jointly or severally liable for liabilities arising from such a return if the signature was indeed forged. The Cincinnati Service is designed to work these cases. The IRS form Form 8857, Request for Innocent Spouse Relief will be used in these cases.If you look at line 11 of the Form 8857, Innocent Spouse Relief, it asks the Requesting Spouse whether the signature was forged.A married filing separate tax return may need to be secured from the spouse claiming forgery if a return is required for the period, or if the taxpayer may have been entitled to a refund. You will have to document the case for the IRS. You will want to get copies of your signature and develop a case file for the IRS. It makes cases easier to work.A...more
Death And Taxes, Nothing More Certain We all hate to pay taxes, but refusing or forgetting to pay them every year will bring big problems for those who think that they can get away with it. In fact, the taxman has several courses of...more
Getting Through Tax Season 2011- Stress Free! Tax season can be a stressful time for many. Finding the time to pull all your financial documents together, keeping those documents straight, finding an accountant…it can be draining....more
The Challenges of Effective Offshore Tax Planning From the Managing Director, Healy ConsultantsLast week, media attention was brought to an article published by The Guardian, "Swiss whistleblower Rudolf Elmer plans to hand over...more
8 Tax Deductions You Didn't Know About If you're a seasoned tax filer, you don't ever overlook tax deductions like mortgage interest, student loan interest, real estate property taxes, and state taxes. Still, plenty of...more
Car Donation Tax Deduction Is A Matter Of Choice Most people do not even think of donating their used cars to charitable organizations for a tax deduction when it comes time to purchase a new one. The reason for this has to be that...more
What You Will Need to File While Preparing Free Federal Taxes? United States taxation includes local government, possibly including one or more of municipal, township, district and county governments. It also includes regional entities...more