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...
Tag: tax
Post
6 Tips for Preparing Your Business for Tax Season
You have until April 15th to file a personal tax return, but the due date for businesses is March 15th. That date quickly creeps up if you aren’t preparing yourself ahead of time. If you want to get organized and make this year’s tax season a breeze, take a look at these six tips for...
Post
5 Tips for Filing Your Own Taxes
Tax season is here again and everyone is being faced with the grueling task of getting their taxes done on time. This is a task that many people dread every single year, but of course, everyone also looks forward to their return. This time of year, the question often comes up whether or not to...
Post
When Is It Time To Call a Tax Attorney?
Dealing with taxes can be a daunting task. After all, that’s how they got Al Capone, right? The IRS is one federal agency that really means business. They have their act together. They will seriously toss you into a federal prison and throw away the key. Unlike the Department of Education, the Internal Revenue Service...
Post
What Happens To Taxes And Insurance In 2014?
What Happens To Taxes And Insurance In 2014? As President Barack Obama enters his last two years of presidency, many Americans are wondering what kinds of new taxation and insurance changes to expect for the future. Throughout the next year, there will be several new changes that all taxpaying citizens of the United States will...
Post
Nine Ways To Be Prepared Against Always Changing Tax Laws
Clients ask about how they can be prepared against always changing tax laws. One of the certainties of modern taxation is constant, unending change. Perusing the Congressional Budget Office’s (CBO) “Reducing the Deficit: Spending and Revenue Options”, convinces any thoughtful person that changing tax laws are inevitable. Preparing for new tax laws while considering how...
Post
7 U.S. States With No Income Taxes
When it comes to income tax, it is no mystery that there are large variances state by state. In fact, some states have no income tax liability. Many of these states pick up the difference with changes in sales tax, property tax, and corporate taxes. There are seven states in total that have various ways...
Post
End of Tax Year
The end of the tax year is fast approaching and as everyone rushes to maximize their tax-free savings first direct has compiled some tips to help negotiate the tricky waters. Get a grip on your finances – work out how much you have in savings, what rate of interest you’re receiving, and whether you’re taking...
Post
How the Super Rich Avoid Paying Taxes
We’ve all heard tell of billionaires who can’t be bothered to pay taxes. Yet, how are they able to accomplish such a thing? The top earners in America simply hire the best tax lawyers, who understand which tax loopholes are best able to keep money from going toward building roads and maintaining social security benefits....
Post
Advantages of Using Tax Software
The growing number of tax software users is a testimony to the fact that such software is very useful. For a better understanding of why so many people are using tax software, highlighted below are some of the main advantages of such software. Maximizes Your Tax Deductions A layman can’t keep a tab on the...
- 1
- 2