While big business in particular may be in shock over the Healthcare-triggered Medicare tax increases, the landscape looks different for many small businesses. For the typical limited liability company, for example, the new law may not pack that big a punch. Yes, the new laws do increase the Medicare tax burden of many LLCs. But not everybody gets hurt...A Quick Review of How the Medicare Tax Increases WorkMedicare taxes related to healthcare...more
Well, its that time of the year again, do you have your taxes done? Are you someone that gets yours done as soon as you can or do you wait until the last minute? Some of you will get yours done the minute you get your W-2. This is because the sooner you get them done the faster you get your money. If you happen to think that you are not one of the few that gets money back you will wait as long as you can. Doing this really does not help as you do...more
Importance of Defending Tax Evasion Charge If you are considering not filing your tax returns this year or putting in just a few details that are not completely true, think again. Any attempt to evade your taxes can lead to trouble and land you up in jail. US Code Section 7201 provides the details of what could be termed as tax evasion as well as the penalties for these.Any attempt to willfully evade or defeat the taxes you owe to the US government may lead to a felony charge. Such a charge could jeopardize your life. Get in touch with an attorney to put up a good defense. What classifies as an attempt? Here are a few instances that may be interpreted as tax evasion. Maintaining two sets of accounting recordsPaying employees in cashClaiming charitable donations falselyFaking expense claimsProviding salaries from corporate accounts falselyKeeping details of second business discreetProviding false details about your property Which authorities are involved in the investigations? Initially, the Internal Revenue Service (IRS) was the chief one handling the tax crime investigations. However, since 1934, the Tax Division of the US Department of Justice is at the forefront of...more
Watch Chicago Bears vs Minnesota Vikings live stream NFL on 20-12-2010 | NFL Monday Night Football Chicago Bears vs Minnesota Vikings Date : Monday 20 December 2010 Game Start Time : 8:30 PM ( ET ) Venue : TCF Bank Stadium Week 15 - NFL Regular Season 2010/2011 Monday Night FootballYes man watch your hot favorite sports game in NFL Bears vs...more
Law is a huge field. It has so many streams in it that you might sometimes become confused about which to choose and which not. You might be aware of the various fields present in law. If you are interested in law then you might have also decided about choosing a field for practice.Have you ever thought about choosing the tax attorney jobs? Do you...more
You can save a lot of money on taxes if you make your charitable contributions wisely. This way, you can ensure that you fulfill your social responsibility while at the same time avoiding the penalty of paying taxes on donations you give. For your charitable donations to be considered as tax-deductible, the following conditions must be fulfilled: 1. The contributions must be itemized in schedule A of form 1040.2. They must be made to qualified organizations as described in form publication 526. Donations do NOT qualify if they are made to political parties, profit-making schools, and foreign governments.3. You must contribute cash or property to the organization. Donations in form of services are not considered as tax-deductible expenses. However, unreimbursed expenses that relate to participating in a convention on behalf of a qualified organization are tax-deductible. 4. Gifts that are greater than $250 can only qualify to be tax-deductible if the qualified institution gives a written acknowledgement confirming the receipts of the money or property in question, specifying the amount of money received, and whether there were any goods or services given in return. Expenses for...more
The Green Bay Packers star defensive back Charles Woodson has done something that no one has done in the NFL since the great Deon Prime Time Sanders did in 1994. Woodson just became the first defensive back to win the Defensive player of the year...more
QROPS Dubai - Flexibility With 0% Tax Reduction Option QROPS Dubai is at your service around the clock. If you are a British national and like to spend the rest of your retired life in Dubai, you will have to draw money from a UK pension plan....more
It seems a little too old fashioned for a lot of people to write a check, seal it in an envelope, and a stamp, and mail it in the nearby mailbox so there is a new way to pay your taxes without having to do all these out of date procedures. This new...more
FAQs For E-filing Your Tax Return Online income tax filing is the easiest and fastest way to do your taxes online. But, many people still have questions so I have answered a few for you below. Q – I don't owe taxes. Can I file...more
New Tax Law: What Does It Mean to You? Unemployment benefits will be restored for millions of Americans under the tax-cut measure President Barack Obama signed into law Friday. Sylvia Kittrell of Orlando, Fla., isn't among them.A social worker...more
If the IRS has ever slapped you with tax penalties or fines, you must know how painful it can be. It not only hits your finances, but it also puts your account under greater scrutiny from the relevant authorities. So, what can you do avoid these...more