Do you have an old tax debt lurking in your past? If you’re interested in settling it, consider these tips. You may be able to settle an old tax debt without paying the entire amount! Try these techniques: Find out the exact amount. The amount you owe will include fees and interest. The IRS or… Continue reading How To Settle An Old Tax Debt
Category: Tax
How To Find A CPA
So, you have decided you need the assistance of Certified Public Accountants. How do you find a CPA? You can go through the yellow pages, of course, and look under the heading Certified Public Accountants. Alternatively, you can do an internet search for Certified Public Accountants. These methods, however simple they may sound, might not… Continue reading How To Find A CPA
Adult ADD and Taxes – It’s A Legit Issue…
I know you still have about three months until you have to think about year-end and file your U.S. tax forms, but now is an excellent time to think about taxes. Many adults with ADD would rather scrub the floor with a toothbrush than work on preparing their taxes. Here are some tips to help… Continue reading Adult ADD and Taxes – It’s A Legit Issue…
How Do After Tax Retirement Plan Contributions Work?
The phrase “after tax contributions” regarding retirement accounts can often be confusing. This article will discuss some of the common aspects of after-tax contributions. You might find it easier to understand the phrase if you consider after-tax contributions as voluntary contributions. You deposit These contributions into a retirement account or annuity after you have paid… Continue reading How Do After Tax Retirement Plan Contributions Work?
Alternative Minimum Tax – Does AMT Apply To You?
The alternative minimum tax is a procedure to keep the wealthiest Americans from avoiding tax paying responsibilities. As is typical of the federal government, the failed to include any language adjusting for income growth. As a result, the alternative minimum tax creams many taxpayers even though it was never intended to cover them. So, why… Continue reading Alternative Minimum Tax – Does AMT Apply To You?
What is a Tax Attorney? Do You Need One?
The word attorney signifies someone who knows the legality of things. When things go wrong in the hands of the law, people are likely to run to the midst of attorneys. In the field of legality and law, these attorneys are the experts who can provide you with the ample insights you need and the… Continue reading What is a Tax Attorney? Do You Need One?
Should You Appeal Your Business Personal Property Tax?
“Collecting more taxes than is necessary is legalized robbery.” These words of wisdom, spoken by the 13th president of the United States, Calvin Coolidge, still ring true in today’s society for homeowners and business owners. Robbery may seem harsh, but what would you say if someone tried to sell you one-year-old motel sheets for 90%… Continue reading Should You Appeal Your Business Personal Property Tax?
Should Apartment Owners Appeal Their Property Taxes?
Property taxes are one of apartment owners’ most significant line item costs. However, many owners do not appeal effectively. Even though owners realize that property taxes can be managed and reduced through an appeal, some view taxes as an arbitrary estimate provided by the government that can’t effectively be appealed. It tends to boil down… Continue reading Should Apartment Owners Appeal Their Property Taxes?
Is Cost Segregation Right For You?
Tax savings through cost segregation are no longer out of reach for small- and medium-sized property investors. With appraiser expertise, fees for analysis are often one-third to one-half lower than those charged by traditional preparers. Several years ago, a definitive court case ruled that tangible personal property included in an acquisition or overall costs should… Continue reading Is Cost Segregation Right For You?
What Happens When You Get An IRS Audit Notice? Some Advice…
Oh no! It would be best if you had audit advice. You just received a notification in the mail that the IRS will audit you. What now? How do you respond to this, and should you have a heart attack now? While many people lose it as soon as they realize that the IRS will… Continue reading What Happens When You Get An IRS Audit Notice? Some Advice…