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Huddleston Tax CPAs | Accounting Firm In Seattle

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Taxes

December 24, 2015 By john

8 Silly Ways the Government Wastes the Money You Pay in Taxes

The Federal government regularly wastes your money on various causes. In an annual tradition, we get to find out the details behind the government’s wasteful spending habits. Here are the latest silly ways the government has spent your tax dollars. $35,000 on Solar Panels The Agriculture Department

Filed Under: Taxes

December 14, 2015 By john

Who Gains from the Electric Car Tax Benefit?

Electric car tax benefits may seem like a green initiative to improve the world. Strange though this may sound, such an impression is actually far from accurate. When we look into the details of these benefits, we can see that the people who benefit the most are high earners. Let’s take a look at

Filed Under: Taxes

December 4, 2015 By john

Tax Loss Harvesting Explained

Tax loss harvesting is a tax reduction trick designed to reduce the amount you pay to Uncle Sam. It can be used quite regularly and many investors use it to either postpone or to reduce what they have to pay altogether. Let’s take a look at what tax harvesting is. The Principle The principle of

Filed Under: Taxes

November 25, 2015 By john

Things You Should Know About Federal Tax Liens

A tax lien is something that the IRS files against you in order to lay claim to your personal property. You will have a tax lien filed against you when you don’t pay your taxes. Dealing with a tax lien can be quite exhausting and you need to make sure you avoid it. If you are in this position,

Filed Under: Taxes

November 23, 2015 By john

How to Add Tax Diversification to Your Portfolio

Tax diversification involves investing your money in places where it is treated differently. In other words, it leads to you paying less tax and gaining more money. Both are desirables outcomes. We are going to give you three ways in which you can easily add tax diversification to your

Filed Under: Taxes

November 10, 2015 By john

Carried Interest – A Possible Loophole for Taxpayers?

Hedge fund managers, or general partners, often work off of a flat fee. The reason for this is a hedge fund is often shared by many partners. As a means of protection, all partners are allotted a share of the fund. This fee is what is considered income for a hedge fund manager. This flat fee comes

Filed Under: Taxes

November 6, 2015 By john

States Which Have an Estate Tax

There are a number of states which collect estate taxes. Some other states prefer to collect a tax on inheritance instead. There are two states specifically which collect estate tax and inheritance taxes. If you need to know how to plan an estate in your state, here is some information which should

Filed Under: Taxes

November 2, 2015 By john

How the IRS Tackles Fraud

With every working citizen of the United States having to file taxes, the number of tax returns is in the hundreds of millions. With a system so large, it may seem easy to get lost in the crowd. This is what many who cut corners on taxes tend to believe. The IRS has a number of safe guards in place

Filed Under: Taxes

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