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 |  | Tue May 21, 2019 | itep.org
The upcoming Memorial Day weekend marks the start of the traditional summer driving season. In most states, summer road-trippers are paying more gas tax than they did a few... |
|  | Mon May 13, 2019 | cleveland.com
People with taxable incomes of less than $22,250 a year no longer would be taxed; rates for higher amounts would be cut about 6.6 percent. |
|  | Mon Apr 15, 2019 | upi.com
Some Americans are getting a sobering surprise as they finish their 2018 taxes -- instead of getting an expected refund, they owe money. And they may be in the same boat... |
|  | Mon Apr 15, 2019 | pressherald.com
The Legislature should start by fully funding revenue sharing and state education funding. |
|  | Mon Apr 15, 2019 | startribune.com
Minnesota is among a minority of states — just 13 — that impose a state-level tax on Social Security benefits. Why does Minnesota do that? The answer can be traced back to... |
|  | Mon Apr 15, 2019 | radio.wosu.org
Monday is the deadline for Americans to file their personal income taxes. |
|  | 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 |  | Mon Feb 04, 2019
An inventor presents his new creation that he calls RoboChild. He asks the robot what he wants to be when he grows... |
|  | 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 narrator... |
|  | Fri Feb 01, 2019
A robot with a doll-like face attached to an otherwise robot looking body wakes up her sleeping 'papa' to let him... |
|  | Fri Jan 18, 2019
There is a common misunderstanding about how tax brackets work in the US, and it’s causing us to have uninformed... |
|  | Mon Jan 07, 2019
Millions of Americans who receive benefits from the country's food-stamp program, known as SNAP, could have their... |
|  | Mon Jan 07, 2019
When someone says Income Tax, a switch in our brain turns off automatically, because who will do all that paperwork... |
|  | Sun Dec 30, 2018
Remember when we were promised to be able to file our tax returns on a postcard sized 1040?
Well... it's finally... |
|  | Wed Dec 26, 2018
Your Social Security benefit could be taxable. |
|  | Thu Sep 13, 2018
Learn how to use the U.S. federal income tax bracket to calculate your tax liability and better estimate how much... |
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