Happy end of tax season, everyone! We get it, you’re probably just about ready to wave goodbye to anything related to taxes. While this is fine for most Americans out there, quite a few should wait before they forget about taxes. People who are planning on selling their homes in the next several months, or...
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Know the Usage of E-Filing Income Tax Return
Image: https://pixabay.com/en/taxes-tax-evasion-police-handcuffs-1234784/ Filing an income tax return is as important as paying your income tax. E-filing your income tax return is one of the best ways to have authentic proof of your income. Moreover, regularly filing ITR also helps you create a good record with the Income Tax Department. It is a must-do task for every...
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Tax tips and advice from Sallie Mae for the 2017 financial year
We are pretty aware of the fact that the tax season is already in full swing and the nation’s planning, saving and paying-for-college company, Sallie Mae now advises students and their families to investigate the often-overlooked tax credits of higher education. There are several educational deductions and tax credits that are available to recuperate the...
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One Nation One Tax, GST – Who goes up and what went down!
After the passage of the GST Bills last week in the Lok Sabha, the biggest tax reform in India, Goods and Services Tax is all ready to come to light very soon. This is touted to be a reform that would possibly reduce transaction costs of business by creating a single nationwide market, which GST...
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Boris Becker, Bankruptcy and You!
With the world still grappling with the news of tennis legend Boris Becker’s bankruptcy, it’s perhaps time for you to brush up on the basics of bankruptcy. The former coach of the current number 2 tennis player in the world, Novak Djokovic has lashed out on Twitter against the recent media reports of him being...
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How President Trump’s Tax Cuts Could Affect the Stock Market
The 45th President of the United States, Donald J. Trump, famously said he would do “great things” during his first 100 days in office. A major fiscal policy announcement was therefore widely anticipated before the end of this critical initial period for the new administration. On Wednesday, April 26th, President Trump announced his plan for...
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Common Tax Problems And How To Handle Them
Christmas is just around the corner, and that means soon we’re going to be a mere four months away from tax season. For the heads of large, multi-national corporations, this is just another period of the calendar. However, for small business owners, it’s a time where all kinds of headaches and difficulties spring up. If...
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Running Your Car Doesn’t Need To Bankrupt You
Anyone who drives a vehicle will be able to tell you that it can cost a surprising amount of money to run. No matter what kind of car you drive, this remains the case. There are many different aspects to running a car, and they all have their own expenses which need considering. Fortunately, however,...
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All Outta Dough: Why Do People Go Bankrupt?
The current statistics on bankruptcy in the US are sobering. We’ve seen a huge rise in the number of people falling into bankruptcy. What used to be an institution for the failed entrepreneurial class has now become a tool for the masses. Even Congress has had to step in and make bankruptcy more difficult to...
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Vital Tax Breaks That Every First-Time Homebuyer Should Be Aware of in 2017
The wallets of majority of Americans are in great shape since the Great Economic Recession. With steadier job security and higher pay, tax perks for homeowners, especially for the novices can make the entire prospect of homebuying more attractive. Homeownership is special as it offers tax breaks which renters don’t have and this is being...