Understanding business taxes can be difficult. The tax system applied by IRS is complex and often unfair. Some tax reforms have a huge negative effect on the small businesses. Let us discuss a few small business tax issues: […]
There are many tax issues that business owners face when filing their tax returns. Some of the major tax issues include; Affordable Care Act and the tax extenders, tax and wage legislation changes etc. Let us discuss the Affordable Care Act and the issues related to it. […]
When a person plans to start a small business he faces a lot of challenges, which include financial challenges, procedural issues and management setbacks. But along with these challenges, other major issues that small business owners face are tax-related problems. Here are some small business tax problems and tax reforms that one [...]
When the time of filing tax returns is near; you don’t need to worry and get stressed. If you need help filing taxes, it is better that you follow some simple steps to prepare for tax filing and make your life easy. Step 1: Make a list of all of your personal details Prepare for [...]
Filing returns is difficult especially when you are not a calculation person. Once you file the returns or you are about to file them there are two major concerns that come across your mind: What will the government do with my refund? Whether I want to go to a tax preparer for help? What will [...]
Being life partners’ means you enjoy, spend fun time together, share bills and all the responsibilities of the house. There are some concerns related to tax that you need to keep in mind if you are business partners as well. Here is some husband and wife business partnership advice: The new law was [...]
How does life insurance work? The only purpose of life insurance in our mind is that it protects our families after our demise. What’s more important to know is the fact that life insurance acts as your option for tax-free investment and tax-free retirement. How is life insurance tax free? If you have a huge [...]
Tax season brings so much financial burden to taxpayers. When the tax season ends they start finding out ways through which they could lower their tax burden for the next year. Here are two legal ways through which you can reduce tax burden. Invest in Municipal Bonds Municipal Bonds are the debt securities that [...]
If you need to get past tax returns, here is the guide that will help you through in getting these records: Method of requesting Transcript Copy of Past Tax Returns Sometimes the taxpayer does not need an exact copy of past tax returns but just a transcript can help them. A transcript contains most [...]
The ultimate goal of any tax payer is to minimize their tax bill as much as possible. Sometimes the tax payer files the returns in a rush due to which they forget to add some important tax deductions in their return which can help to lower their bill. Here are some of [...]
