by Harry | Nov 27, 2019 | News & Tips, Tax Info, Tax News
Several Democratic candidates have proposed a wealth tax. For example, Elizabeth Warren has proposed a wealth tax that would raise an estimated $3.5 trillion over 10 years. Senator Warren has said that this wealth tax would pay for her proposed programs, such as free...
by Harry | Mar 22, 2019 | News & Tips
If you’re self-employed or a small business owner, you probably know that you need to keep receipts that are related to your tax return. After all, it’s important to keep these valuable records in case the IRS asks for copies to prove you’re entitled to claim your...
by Harry | May 17, 2018 | Employment, News & Tips
Even though the crunch of tax season is over and the worry and stress about dealing with the Internal Revenue Service have subsided, that doesn’t mean that it’s time to kick back with bonbons in hand. The recently passed(in terms of tax law changes) Tax Cuts and...
by Harry | May 17, 2018 | Employment, News & Tips
The Internal Revenue Service’s Offshore Voluntary Disclosure Program or OVPD, which allowed United States taxpayers to voluntarily disclose previously undisclosed foreign accounts, assets, or income is coming to an end. The initiative waived the possibility of...
by Harry | Apr 30, 2018 | News & Tips
Tax reform involving elimination of tax rate deductions and alterations creates losers and winners. The reduction in the number of deductions in the housing sector has caused loss to the affluent population. The state and local property tax (SALT) portrays clear...
by Harry | Apr 25, 2018 | News & Tips
Tax Debt Problems While tax season is frustrating and stressful for everyone, it can be particularly panic-inducing for those in tax debt. Tax debt means that you owe taxes after the Internal Revenue Service’s filing deadline. This can create multiple problems between...
