Stock Market Trends During Tax Season

After reaching record numbers, the stock market has taken a small hit; but haven’t we seen this before? Research shows that tax time has a predictable affect on the stock market year after year.

“The usual explanation is that investors withdraw money to pay taxes. The good news is that the market tends to rebound immediately in the two weeks after April 15 (Tax Day is April 18 this year), with several sectors showing notable gains…” [ Read more…

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Five States Your Taxes Go The Furthest

There is no escaping your federal taxes, unless you want an unfriendly visit from the IRS. But there are states where you tax money goes further thanks to differing laws regarding state tax…

“While the federal tax code is uniform across the nation, state and local taxes vary widely. Seven states boast no personal income tax at all: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming…” [ Read more here ]

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IRS Employment Tax Violation Could Land Man Behind Bars

Payroll mistakes can cost your business big time, get the help and expertise of the industry’s trusted accounting services from Sterling Accounting.

Don’t end up like one Texas business owner who is now in debt to the IRS for an alleged $18 million. “[Richard Floyd] Tatum withheld approximately $12 million in payroll taxes from March 2008 through December 2012, which he did not pay over to the IRS. Tatum also failed to pay $6 million of AMI’s contributing share…

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What To Do With That Tax Refund?

That big tax refunds on the way, and I’m sure there are a number of fun items you’d love to run to the store and pick up… but there may be a better way to put that money to use.

“A check from the IRS offers most of us a chance to do something financially meaningful. But meaningful doesn’t have to mean boring. Here are nine ways to get the most out of your 2016 tax refund…” [ Read more here ]

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Anthony Bourdain Tell All About What Happens When You Don’t Pay Taxes

Skipping out on paying those federal taxes this year? Might want to sit down and listen to what TV personality Anthony Bourdain has to say after his experience. “Before Anthony Bourdain’s career took off with his best-selling memoir, “Kitchen Confidential,” the chef had zero savings and hadn’t filed taxes in a decade…” [ Read more here ]

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How To Track Your IRS Tax Refund

Are you anxiously waiting at your mailbox, checking every piece of mail the postal service sends your way looking for that prized refund check? Don’t waste your time! Here’s how you can track the location of your IRS refund…

“You can find the IRS “Where’s My Refund” tool here. It should be available 24 hours after they’ve received your e-file return or four weeks after they’ve received your mailed return…” [ Read more here ]

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