Paying taxes is among the most dependable parts of life. But certain taxes are more painful than others. Today we will identify and discuss the five types of tax that Americans hate the most. State Income Tax There’s nothing more annoying than having to pay tax to both your state and the Federal
How to Avoid a Tax Audit
The tax audit is the biggest fear of every taxpayer in these United States. However, the good news is the IRS audits less than 1% of tax returns every year. In 2015, the number fell to the lowest in a decade. Nevertheless, the possibility is still there. We are going to show you how you can go about
Five Tax Experts to Follow on Twitter
Tax is a field that changes constantly. The best way to navigate this field is with knowledge. By following and checking in with the experts on social media, you can be aware of changes as they happen. It will help you stay on top of what’s an extremely complex industry. Here are our top five tax
How to Make Charitable Donations Count on Your Taxes
It’s well-known that if you make certain charitable donations you have the opportunity to claim a tax deduction and reduce the amount you pay. Nevertheless, you have to make sure it’s marked correctly on your taxes. If you don’t, you’re going to be in trouble with the IRS. The last thing you want
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.
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