April 15th, otherwise own as Tax Day, is ever nearing. If you're one of the millions of Americans that has decided to put off your filing to closer to deadline day and are trying to jog your memory back into tax filing gear, no worries. That's what this entry is for. Being on the receiving line of an Internal Revenue Service agents phone call or mailing informing you that your tax returns are being audited is a nightmare that millions of Americans have undoubtedly had. A tax audit can turn an otherwise quiet life upside down and cause undue stress on an individual and their family. Finding the right tax professional who is able to find you every deduction, credit, and write-offs can oftentimes seem like an impossible task, but it doesn't have to be. Determining whether or not you have to pay taxes on your Social Security benefits really comes down to two factors: 1) your tax filing status, and 2) the amount of your "combined" income. Generally speaking though, you will not have to pay any taxes on your Social Security benefits at all, if that is your only source of income. Have you ever made contributions to an IRA account, then wondered if you can deduct that investment from your taxes? The simple answer yes, you can, but only in some cases.It all depends on what kind of IRA you contribute to, and in some cases your income level, and if you are covered by an employer-run retirement account or not. Every state figures out a way to collect revenue in the form of taxes, but not every state is equal in how they go about doing that. Some states have a high sales tax while others have no sales tax at all. This piece will focus on breaking down the best and worst states when it comes to their sales tax. Most people's goal every tax season is to figure out how to owe as little in taxes as possible. The purpose of this entry is to help you with that. The goal here is to show you a handful of ways that you can potentially lower your tax bracket through various personal deductions, thereby lowering the percentage you are taxed at, and save you money. The Child Tax Credit is one of the most straight forward tax credits that are available for Americans of all tax brackets. First enacted in 1997 and expanded in 2001, this credit has helped offset the cost of raising an eligible child under the age of seventeen. Ever wonder what would happen if you just skipped out on filing your taxes? You get your paperwork back from your employer, either in the mail or through e-mail, and just think too yourself, ugh, not again. I don't want to go through this hassle again. So you just let the task fade back to a darker corner of your mind, and forget about it. If you own real estate in the United States, you know all about property taxes. And it stands to reason that you feel each and every time you pay that you might be paying too much. Ever wonder if you can proactively get your property taxes lowered? The simple answer is you can, if you are willing to put in a little effort.
Offshore Tax Shelters News & Opinion Articles |  | Wed Apr 01, 2020 | news.yahoo.com
"They're not giving up their tax exemption," said one analyst. ”I assure you that is sacrosanct." |
|  | Wed Apr 01, 2020 | forbes.com
If you’ve filed and are awaiting a refund, you’re running to the mailbox or checking your online bank account every day (for those choosing direct deposit). |
|  | Wed Apr 01, 2020 | washingtonpost.com
Americans on Social Security now have to file a ‘simple’ tax return to receive a stimulus check. Most high school seniors and college students won’t get any money at all. |
|  | Tue Mar 31, 2020 | history.com
Republican president William Taft successfully advocated for a permanent, national income tax. |
|  | Fri Mar 27, 2020 | fool.com
In most cases, if you sell an asset at a profit, you'll have to pay capital gains tax, unless you qualify for one of the few capital gains tax exemptions that exist in the... |
|  | Fri Mar 20, 2020 | foxnews.com
Treasury Secretary Steven Mnuchin announced Friday that the deadline for filing federal taxes will move from April 15 to July 15 -- a move to ease the burden the... |
|  | Thu Apr 14, 2016 | time.com
Tax havens cost the U.S. $100 billion in taxes each year. |
|  | Sat Feb 21, 2015 | startribune.com
America’s multinational corporations are growing grudgingly resigned to paying U.S. taxes on $2 trillion in profits they have stashed abroad.
“I think there is a... |
Offshore Tax Shelters Videos |  | Wed Apr 01, 2020
Should You Pay Taxes Now Or Wait Until July 15th? Get educated, encouraged and empowered to become an... |
|  | Thu Mar 26, 2020
Daniel Pilla, a Tax Litigation Consultant, author and advocate for taxpayer's rights, joins On The Move... |
|  | Thu Mar 26, 2020
The CARES Act provides stimulus payments to most taxpayers. How much you get, however, may depend on when... |
|  | Wed Mar 11, 2020
The Trump administration will likely push back the April 15 deadline to file taxes as part of efforts to... |
|  | Sat Mar 07, 2020
With tax season in full swing many married couples want to know what they should be aware of before they... |
|  | Fri Mar 06, 2020
Don’t make the mistake of judging states (or foreign countries) by income tax alone. |
|  | Thu Mar 05, 2020
Barbara Weltman author of 'J.K. Lasser’s Your Income Tax 2020’ joins On the Move to discuss how the... |
|  | Thu Mar 05, 2020
Ready to file and pay your taxes in 2020? Here are several options for paying your tax bill this year. |
|  | Mon Feb 04, 2019
A camera zooms in on various tax codes used by active duty and veteran members of the armed forces as a... |
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