by Harry | Nov 3, 2017 | Tax Planning, Tax Tips & Tricks
In a case of a false-positive in local politicking, the St. Clair County council have voted to take a pay cut on a pension coming from the state’s Municipal Retirement Fund while also voting to raise property taxes. The former vote helps prevent elected members from...
by Harry | Oct 30, 2017 | Tax Planning, Tax Tips & Tricks
In the aftermath of the horrific hurricane strikes from Irma and Maria, the Internal Revenue Service (IRS) has issued a specialized declaration to help give relief to all residents in Puerto Rico and the Virgin Islands. Puerto Rico was listed as a disaster area by the...
by Harry | Oct 24, 2017 | Tax Planning, Tax Tips & Tricks
Having seen a loss of $40 million in public transportation revenue, Chicago Mayor Rahm Emanuel has presented a plan on raising taxes on non-public transportation services, namely Uber and Lyft. Despite improvement in cab drivers’ pay and minor increase of fees against...
by Harry | Sep 29, 2017 | Tax Planning, Tax Tips & Tricks
Corporate tax is defined as “an assessment levied by a government on the profits of a company. The rate of corporate income tax paid by a business varies between countries, although since corporations are legal entities distinct from their owners and operators, they...
by Harry | Aug 9, 2017 | Tax Planning, Tax Tips & Tricks
It may seem like the Internal Revenue Service (IRS) is always asking for a ton of paperwork, but understanding which to complete and submit to them shouldn’t take too much time. You’ll definitely want to know the difference between a 1040, 1040A and 1040EZ …...
by Harry | Aug 9, 2017 | Tax Planning, Tax Tips & Tricks
The Internal Revenue Service is just as frustrated with attempts at identity theft as taxpayers are. They’ve joined forces with the states and tax industry to verify the identity of taxpayers and the validity of tax returns through the “Taxes. Security. Together.”...
