States can fund infrastructure, healthy, public safety, education, and more. But are the services you receive worth what you pay in taxes?
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There is a federal gas tax and a state gas tax and the federal gas tax hasn't been raised in 20 years. Would a gas tax hike raise gas prices?
A relative of mine recently found out that his tax preparer was engaging in some shady practices. Apparently there is a rash of poor tax preparers that can land you in hot water.
Even though tax filing season has come to an end, the scams aren't done. In fact, the IRS warns of a telephone scam that is perfect for continuing for a couple of months beyond April. Here are some of the characteristics of this scam, so that you can be on your guard:
If you are still casting about for a last minute tax deduction for last year's taxes, you might be in luck.
Now that Tax Day is passed, it’s a good time to take stock of your situation, and make arrangements to be better prepared for next year. One of the ways you can do this is by setting up quarterly payments if you own a business or are self-employed.
You don't want to be one of those who make frivolous tax arguments in an attempt to reduce -- or avoid -- paying what you owe. Here are some of the arguments that the IRS considers frivolous.
More and more people are discovering Bitcoin, a type of cybercurrency that was created in 2009. While the currency was once used mainly for shady, unscrupulous dealings, it is now becoming more and more acceptable. In fact, many major online retailers and organizations, such as Overstock.com and WordPress now accept Bitcoins as a legitimate form of payment.
If you’re using or accepting Bitcoins or thinking about doing so, however, you should know that taxation laws still apply. When you sell a product, you have to record the transaction and remit sales tax on it, regardless of whether you earn traditional money for that transaction, or you earn this new cybercurrency.
While less-than-honest filers might not get caught right away, continued discrepancies in tax related matters can easily lead to audits and potential related consequences. To avoid audits and to keep all of your practices on the up-and-up, contact a qualified Naperville accounting firm, such as Susan S. Lewis, Ltd., to assist you.
As Tax Day approaches, it’s important to avoid costly mistakes. It’s getting down to the wire, and U.S. News & World Report (via Daily Finance) has a list of common taxpayer mistakes to avoid as you prepare your tax return.
Tax debt is one of the most difficult and stressful situations to overcome, since it combines two of the most debilitating financial situations. If you want to reduce your tax debt stress, here are 4 strategies to employ.