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
Least Tax Friendly States for Retirees
Many retirees today live on a fixed income. Those who do not are still likely to live on a limited amount of retirement savings. One of the best things that you can do as a retiree is to settle down at a home base. Before you set down your golden year roots, be sure your state is retirement
A Basic Guide to Experiencing an Audit
One slip in the mail that no one wants to receive is an audit slip. During tax time, one of the most common worries is making a mistake. Mistakes tend to be the precursor to triggering an IRS audit. If you are wondering what it’s like to get audited, here are some of the steps that occur. The
The Best States for Paying Taxes in 2015
We already covered the worst states for paying taxes in 2015, so today we thought it would be a good idea to cover the states with the lowest taxes. Below you’ll see the states where people enjoy spending the least amount of money in taxes. Delaware Delaware residents have a 2.2% tax rate, which
The Worst States for Paying Taxes in 2015
On average Americans, pay about $17,000 in taxes each year. While this may seem like a lot imagine if you had to pay more. Today we are discussing some of the worst states for paying taxes in 2015. Maine Maine ranks in #10 in the country when it comes to taxes. If you are able to move to New
How the IRS Helps Victims of Tax Fraud
The IRS has made it clear that they take tax fraud very seriously. The IRS does not solely focus on those who commit tax fraud, however, they also expend considerable effort to assist victims of such fraud. Though this is the case, some taxpayers are unclear as to exactly how the IRS helps victims
A Look at How Income is Taxed throughout the World
Have you ever wondered how income is taxed throughout the world? If so, today you are in luck because that is our hot topic for today. Continue reading and be amazed. Moscow In Russia, citizens have a flat income tax and no social security tax, unless they are self-employed. Employers are
Celebrities Who Cheated on Their Taxes
If there is one thing that you should learn from celebrities, it is not to follow their example when it comes to finances. Below you can see some of the celebrities who cheated on their taxes and had to pay for the consequences in not so pleasant ways. Wesley Snipes Back in 2008, the IRS caught up