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Simple Tips to Make Income Tax Planning Simpler    By: Bhupeshwar Singh
"The hardest thing in the world to understand is the income tax." Albert EinsteinWhile many of us are experts, most would not shy away from confessing that they ... there are lot many CA firms and agencies that offer you expert guidance on investments and tax planning and help make things simple and convenient for you.
Why delay taxes with a 1031 exchange agreement    By: Francisco Segura
Many companies and individuals enter into a 1031 exchange agreement to save money and increase value while deferring taxes until a later date. This allows the ... an increase of $175000 in values. These funds can be saved using various types of 1031 exchange agreement options, such as reverse, and delayed exchanges.
Tax Season is Bringing Out Identity Thieves    By: Ronald Hudkins
A number of clients have recently reported to their tax preparation services that they have been receiving calls from someone posing as a representative from ... that some information about you may be a matter of public record, such as whether you own a home, pay your real estate taxes, or have ever filed for bankruptcy.
How to Stop an IRS Bank Levy or Wage Levy    By: Larry Weinstein, Cpa
Getting a bank levy or a wage levy can be an unpleasant experience. However, there are steps you can take to keep this from happening. Before the IRS sends a ... IRS may levy while you are awaiting equivalent hearing. There is no right of appeal in any court against the decision of the IRS in an equivalent hearing.
How Noteworthy are Finance Tax Attorneys?    By: Keith Hoyng
Being a finance tax attorney necessitates tolerable understanding about the law on tax specifically that he will not only be confined to the task on behalf of ... to decide the proper finance tax attorney who is not only superior and well thought-of but similarly has the crucial skills that will keep you from hot water.
Tax Deductions for First Time Homeowners    By: Chris Castillo
If you are looking to buy a house you may want to know what tax deductions you receive as a first time homeowner. There are several standard deductions you ... deduct some of these items if you operate a home business. For example, you are allowed to use depreciation on your personal residence if you have a home office.
7 Common Overlooked Tax Areas & Savings    By: Kent Irwin
The Ernst and Young Tax Guide for 2007 listed 50 of the most easily overlooked deductions. You may want to purchase this large book as well as to see ... rate of health care inflation, more people are eligible for this than in years past. Be sure to keep records of all medical expenses to see if you qualify each year.
Service Tax On Goods Transport Services    By: Ravi Holani
Date of the levy - The levy on the goods transport operators has been imposed by the Finance (No.2) Act 2004 w.e.f. 10-09-2004 but the levy has been postponed ... having less than four wheels fitted with engine capacity of not exceeding [twenty five cubic centimeters] - Section 2(28) of the Motor Vehicles Act, 1988.
Are All Tax Returns Created Equally?    By: Tom Wheelwright
Is a tax return prepared by the tax service in the mall of the same quality as that prepared by a major CPA firm? What does it mean to have a "quality" tax ... the major firms, there is a lack of understanding by the Federal tax departments of the many opportunities for tax savings when preparing multistate tax returns.
3% Itemized Deduction Phaseout Rule    By: Chris Castillo
Taxpayers with adjusted gross income above a certain amount may lose part of their deduction for personal exemptions and itemized deductions. The provision ... amount of your standard deduction to the amount of your itemized deductions after applying the limit. Use the greater amount when completing Form 1040, line 40.
How To Avoid A Federal Tax Lien    By: Terry Edwards
When faced with a mountain of unpaid tax debt, your best bet is to work with the IRS in order to prevent the execution of a federal tax lien. Here are some tips ... imposed. Not only will you be able to avoid the federal tax lien, but also you will be positioning yourself to avoid making the same mistakes a second time.
Love to Pay Taxes? Do NOT Read It...    By: Pavel Tishchevskiy
Canada has two tax systems - one for employees, and another one for business owners. This is not what the CRA will tell you but the fact remains - employees ... public● Revenues received and growth of revenues taking into account economic conditions, and other market changes● Historical records of profits
Tax Returns - Should you E-File?    By: Tom Wheelwright
Over the last few years, there have been several advantages, or even requirements, provided by state governments and the IRS to encourage tax filers to file ... greatly minimizes the chance of receiving a tax notice.Returns are processed more quickly; if you are due a refund, it will be sent sooner.Warmest Regards,Tom
11 Year End Tax Savings Tips    By: Kent Irwin
This time of year, now through the first quarter of next year, you will see articles offering year-end tax planning tips. Tax planning tips can increase income ... may want to purchase after the distribution date to avoid owing taxes on fund shares that you owned only for a short period of time and had little to no gain.
IRA's, SEP's, 401(k)'s, and RRSP's    By: Tom Wheelwright
One of the most common questions I get regards "tax-favored" investment vehicles such as Self-employed Retirement Plans (SEP s), IRA s, 401(k) s, and, in ... push them so hard that people think they are the ONLY alternative. There are many other ways to save taxes that are much better for many people.Warmest regards,Tom
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