Americans have many fears when it comes to filing taxes. One of the most common is missing the tax filing deadline. Everyone is well aware of this date, but many people procrastinate and run out of time. Below is a list of the most common fears related to taxes experienced by Americans. Having to
Which Presidential Candidate Has the Best Tax Plan?
As it gets closer to election time, presidential candidates are voicing their tax plans for the American public to stew over. Tax plans on the democratic side seem to be raising taxes across the board. Most republican candidates are simply making adjustments to existing tax brackets. Individual
5 Gigantic Companies That Didn’t Pay Their Taxes
Although major companies and corporations are successful, not all of them pay their taxes. Individuals and rich people are not the only ones that avoid paying taxes. Corporations are keeping a good amount of their funds out of the U.S. Bank of America Bank of America has more than 300 off-shore
Why Your 2015 IRA Contribution Will Hurt Your Children’s 2016-2017 College Aid
College aid is a huge help for students to afford college. You probably need it to help them get a good standard of living while they are studying in higher education. But your IRA contributions for 2015 may ruin their ability to receive the funding they need. This article will explain why. The
IRS Audits Lower than Ever
The figures don’t lie. The number of IRS audits has fallen below 1% once again. This marks the lowest number since 2005, and it’s a cause for relief for those in all tax brackets. We’re going to take a closer look at what this means for you. Why Did it Happen? The main reason why audits fell to
Online Entrepreneurs Need to Get Sales Tax Compliant Before 2016 Arrives
The sales tax deadline is in January, so say goodbye to that relaxing start to 2016 you were dreaming of. Every online entrepreneur needs to get sales tax compliant before the deadline hits or they could face huge fines, which are more than capable of bringing down a small business. The Right State
Tax Changes Policy Makers Should Pursue in 2016
The tax system can be a confusing beast. That’s why we’ve put together some of the tax changes policy makers should be pursuing in 2016. Change the Inflation System Only half of our states tag their income tax brackets to inflation. This is damaging for everyone, especially those on low incomes.
You May Lose Your Passport if You Don’t Pay Your Taxes
The US government is making it harder than ever before to have outstanding tax debts. Under a new law, Americans could be forced to forfeit their passports, or have outstanding applications rejected, should they have bills to pay to Uncle Sam. The Current Tax System This actually isn’t a new