Tag: personal tax

There’s Still Time To Save On Taxes With These Holiday Tips

Taxes
‘Tis the season to save on taxes.

‘Tis the season to put your last-minute strategies in place to save on taxes.

And there are a few things you can do in the waning weeks of the year to reduce the amount you pay in taxes. Here are some tips.

Get your charitable ducks in a row

You have until December 31 to make charitable deductions that will save you money…

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IRS Continues Crackdown On Offshore Tax Cheating

IRS
The IRS will end a program giving amnesty to tax cheats with overseas accounts who ‘fess up.

The IRS later this month will end a program allowing tax evaders with secret offshore accounts to confess and avoid prison.

The IRS made the decision to shut down the program following declining demand. According to Fox Business, the agency will continue a program that helps people who…

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Tax Pro’s Uncertain They Will See Tax Changes This Year

Are we likely to see a tax shakeup with the proposed reform taking place this year? Tax professional’s aren’t all that certain… “Nearly two-thirds of the survey respondents (63.5 percent) said compromise in Congress is most needed to ensure passage of tax reform. For the survey, Deloitte polled more than 3,100 attendees during a webinar last month….” [ Read more here ]

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Don’t Get On The Bad Side Of The IRS! Employ The Help Of Sterling Accounting

Depending on your situation, personal taxes can be a nightmarish task, but it still won’t hold a candle to the expertise needed to work through a business tax codes… and if you don’t get it right – the IRS will be at your front door. Hear from one mom and pop’s small business that was leveled to the ground due to tax problems.

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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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