Tax

Tick, Tick, Tick – US Now Collaborating with 50+ Countries to Retrieve Financial Data on US Expats

By Horace Reichart · 11 years ago

The United States Treasury Department is now actively working with more than 50 nations to share Americans’ personal financial data that will reveal who is tax compliant, including American expats living overseas. The effort is ...

Shareholder Loans - treatment by Canada Revenue Agency

By Den Gord · 11 years ago

Shareholder Loans It has been widely common for the business owners to use their sole manager/director status to simply take funds for living from the corporation. Or, make the corporation pay for their personal expenses ...

Understanding Contractor Tax

By Zachery Corkum · 12 years ago

If you earn your money on a self employed basis, and contract your time to a company rather than being hired directly by them, then your tax status is wholly distinct from the circumstances of ...

Exactly What To Do If The IRS Is Threatening To Garnish Your Paycheck

By Lane Denhartog · 12 years ago

One of the hardest entities to go up against is the federal government. If you are unfortunate to be behind in your taxes, the government has a load of resources to use against you. It ...

At Last - Great News From The IRS For US Expat Tax Filers Who Are Late Or Non-Compliant

By Horace Reichart · 12 years ago

The IRS has declared filing three years back taxes is adequate for most US expat tax filers who are delinquent and there shall be no penalties for late FBARs (Foreign Bank Account Reports) from those ...

Dependent Care Tax Credit for Care of Elderly Parents

By Frank Addessi · 12 years ago

The short answer is maybe. Every year more and more homes house several generations. The return to multiple generations living under the same roof is because we are living longer and the cost of senior ...

Tax Deduction for Vehicle Donation

By Frank Addessi · 12 years ago

If you are considering making a charitable donation of your car and the tax deduction is important there are a few important things you should do first. Check out the charity and make sure they ...

Top accountants squabble over tax avoidance morality

By Jason Tucker · 12 years ago

When David Cameron described comedian Jimmy Carr’s use of the K2 artificial tax scheme as "morally wrong", little did he know that he was kicking off a debate which is now going direct to the ...

IRS Voluntary Disclosure What To Do

By Kenneth Gruchot · 12 years ago

So many taxpayers got caught off guard with the recent attention the IRS is giving holders of offshore foreign bank accounts. With the off-the-shelf deals previously offered, the terms of the settlement were known and ...

US Expat Tax - Ex-Patriot Act To Permanently Banish Some Who Renounce US Citizenship

By Horace Reichart · 12 years ago

Had enough of filing and paying US income taxes? Have you thought about moving beyond all the hassle and yearly effort just to remain compliant with US taxes and regulations by giving up your US ...

The 4 Things You Need To Know About Voluntary Disclosure Program

By Kenneth Gruchot · 12 years ago

So many citizens got caught off guard with the recent attention the Internal Revenue Service is giving holders of offshore bank accounts. So what to do? The last offshore voluntary disclosure initiative (OVDI) ended on ...

Ignorance, Fear Or Rebellion | Why You’re Not Filing Your US Income Taxes

By Hite Clay · 12 years ago

For most US expatriates living abroad, the thing furthest from our minds is US tax compliance. We are residents in a new home, with new friends and new possibilities. We’re fully absorbed in all things ...

Don't Let The IRS Beat You Get The Best Income Tax Lawyer

By Bryant Bonn · 12 years ago

I used to be lost until I got a Income Tax Attorney A Income Tax Attorney has to be capable to resolve one's tax issues with one best possible outcome. That simply does not mean ...

Don't Overpay Your Taxes

By Peter Catalano · 12 years ago

Pay your fair share of taxes and not more.You should be a responsible adult,pull your weight and not shirk your responsibilities. But why overpay your taxes? There can be a number of reasons or rationalizations.First ...

Can I Discharge Taxes in Bankruptcy?

By Michael Dye · 12 years ago

In terms of bankruptcy and taxes, there are many things that you will want to think about. If you are going to file for bankruptcy, you are going to want to make sure that you ...

In Tax Return Preparation, Tax Attorney is a Wise Investment

By Walter Dyer · 12 years ago

Just the mention of the word tax would send an eerie feeling to many individuals. However, every person must accept the fact that paying tax burdens is part of the duty as a citizen of ...

Don't Get Offended With The IRS Get A Business Tax Lawyer

By Adrian Greweling · 12 years ago

My Business Tax Lawyer Saved Me From The IRS This Is How A Business Tax Lawyer must be talented to obliterate one's tax concerns with one best possible result. That simply doesn't just mean the ...

What Should be Done About Back Taxes?

By Eric Niehaus · 12 years ago

If a person is not 100% sure how much they owes the Internal revenue service, then it would be a smart idea to consult a professional accountant. An accountant can help a person evaluate how ...

Trusts and Annuities

By Dale Krause · 12 years ago

Trusts come in many different forms and are used for many different purposes. Generally, trusts are either revocable or irrevocable, grantor or non-grantor, inter vivos or testamentary, and simple or complex. Trusts are used to ...

The Voluntary Disclosure Program and What to Do if You Failed to Declare Income to the Canada Revenue Agency

By Paul Mangion · 12 years ago

If you have failed to declare income to the Canada Revenue Agency this is very serious and should be dealt with immediately. The consequences of failing to declare income to the CRA are very serious ...

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