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
Top Tax Software Programs
Are you planning to do your own taxes this year? If so, you may want to look into using one of these two software programs. These programs arguably occupy the top two positions within the tax software market and are potentially highly useful for the self-filing taxpayer. Turbo Tax Turbo Tax is one
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
Three Tax Benefits for the Self-Employed
When you first begin your self-employment journey, it can seem overwhelming. There are so many things that you are responsible for handling. When tax time comes around your taxes are even more complicated. However, the good news is there are tax benefits for the self-employed. Listed below are some
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
IRS Audits Explained
Many taxpayers are under the assumption that an IRS audit means an agent from the IRS is going to show up at their door. However, there are different types of IRS audits. Today we are taking the time to go into details about them. Correspondence Audits If you made an error when filling out your tax