Bankruptcy

If Income Taxes Increase, Will Rich People Leave the USA?

If Income Taxes Increase, Will Rich People Leave the USA?

Ever since this country was founded, Americans have hated paying taxes. So it should come as no surprise then that many rich American citizens are considering leaving the country and renounce their citizenship to avoid paying those taxes. The Abroad Tax Issue The United States is one of the few countries world-wide to tax its […]


Five Steps to Take to Get the Cheapest Tax Return Quotes

Five Steps to Take to Get the Cheapest Tax Return Quotes

Image by Images Money.  If you’re self-employed or the owner of a small business, it is usually much more worthwhile outsourcing your tax return to an accountant than doing it yourself. Even if you can do it quickly and efficiently, having an accountant fill out your tax return reduces your chances of making expensive mistakes […]


Taxes and Bankruptcy: What You Need to Know

Taxes and Bankruptcy: What You Need to Know

There are so many intricacies in bankruptcy law that is can be very overwhelming, especially considering that getting to the point of having to file for bankruptcy is overwhelming in itself.  Often what affects what and how can get lost in the shuffle.  It is much easier to go forward with something, and less overwhelming, […]


Relation Between Income Tax Returns And Your House Loan

Relation Between Income Tax Returns And Your House Loan

Home loans and rents payable, both play a significant role in offering great income tax returns. One must understand, that loans are a dicey investment, as irrespective of however much one may save, they pay a lot more than that in interests. One has to find the right bank, which does not cheat them, but […]


Claiming a Home Office on You Taxes

Claiming a Home Office on You Taxes

A home office can be one of the best tax deductions for professionals that choose to work at home. Unfortunately, a home office tax deduction is also one of the biggest red flags for an IRS audit. To avoid tipping off the IRS audit monsters, make sure your home office follows the guidelines for a […]


Five Common Mistakes Regarding Travel & Entertainment Deductions

Five Common Mistakes Regarding Travel & Entertainment Deductions

Expenses for entertaining and travel are one of the most common expenses that small and medium sized businesses have to make. They are also one of the areas of expenses that cause the most confusion and seem to have the most unexpected complications for people when filling out their tax forms. That’s because of some […]


The Money You Waste on a Weekly Basis

The Money You Waste on a Weekly Basis

All of us want to be richer right? Or if not rich, then most of us would say that we at least want to feel more comfortable with our money and not worry about being able to afford our bills and our rent. That’s a given sure, but the question then is, why do so […]


5 Top Tips to Avoid a Tax Audit

5 Top Tips to Avoid a Tax Audit

We all know taxes are a necessary part of our lifestyles. We need schools, emergency services and government. What we really don’t need as small and medium business owners is a comprehensive tax audit. Tax audits are a very lengthy and involved process, which usually calls for the services of a professional, so if there […]


Bankruptcy IS an Option

Bankruptcy IS an Option

There was a time when we used to think of bankruptcy as the worst thing that could happen to us and as something that we should absolutely avoid at all costs. Of course it’s not ideal to declare bankruptcy no, and it’s something that many of us would much rather not have to do – […]


Five Things to Do with Your Tax Refund – Other than Spend It

Five Things to Do with Your Tax Refund – Other than Spend It

What are you going to do with your tax refund this year? If your immediate answer was “spend it,” you might want to think again. According to the IRS, the average tax refund in 2012 is $2,899. That’s certainly a significant amount of money that could buy you a lot of fun, nice things. But […]


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