Taxes
How to Choose a Qualified Tax Professional
If you are looking to find a Tax Preparer for your Tax Return, then you should carefully analyze some criteria before making a decision. License: As per the law, only CPAs, Enrolled Agents, or IRS approved Tax preparers can file your tax return. When you talk to the Tax professional, ask them if they are […]
What are the Effects of Tax Frauds on Economy?
Taxes are enforced financial charge levied on persons or property usually affected through a legislation or existing law. Taxes are assessed and collected because they are used to support various governmental projects and programs. It is through taxes that the government obtains funds to carry on its operations and purchase facilities intended to promote the […]
5 Reasons for Expats Giving Up Their American Citizenship
You must have heard the latest buzz about expatriates giving up their US citizenship. The new rule under the Foreign Account Tax Compliance Act states that all financial institutions abroad will have to report if they have an American co-signer. This law is creating a lot of problems and majority of the Americans are of […]
Financial Advice is Important for Proper Expatriate and Offshore Tax Planning
With the economy we are going through today many countries are finding budget shortfalls. The only way to meet their obligations is through increased taxes and more intense tax collection. This increased demand on the incomes of people have influenced their decision on where to live and work. Many people have moved abroad to enjoy […]
The IRS Wants a Bigger Share of Small Business Profits – Infographic
The IRS thinks it’s not getting all the taxes it can from small business. Lots of money is going untaxed at third party payment networks like PayPal. Online sellers use these websites to receive payments for goods and services. The 1099-K is going to help the IRS get a few more bucks out of us. If […]
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