I commonly find there are sooo many misconceptions about taxes out there. I have heard a lot of them so many times, they make me laugh. I would like to dispel some untruths about taxes and educate you just a little. Here is my top 5:
Latest Taxes Articles
Tax MythBusters: The Top 5 Tax Tips to Amaze your Friends and Family
Posted on May 24, 2008 by Donna BordeauxWho Really Pays Income Taxes
Posted on April 1, 2006 by Arthor PensWith all the talk of the rich not paying their fair share of taxes and the tax cuts earlier this decade only going to the rich, here are some facts to contemplate and you as the reader can make your own opinion.
The Trick To Easy 1031 Property Identification
Posted on May 19, 2008 by Trisha CoppleyConducting a 1031 tax exchange is not always a simple endeavor; there are a great many rules, restrictions, and nuances that must be duly considered during the course of the process, and myriad potential obstacles that can crop up. The good news, however, is that many of the risks involved in the 1031 process can be mitigated by way of forethought and preparation. A key step in the process that can be greatly simplified if the taxpayer makes the necessary preparations at the outset is the ...
Transfer of Tangible Personal Property - Regulation 1595, Part 1
Posted on April 11, 2008 by Thomas AlstonWhen contemplating the purchase of an aircraft, a potential owner must consider the ownership structure that will best suit their needs. Often, only afterwards, does the owner realizes they don't own the aircraft in the entity that is most beneficial for tax purposes or that limits their liability.
Small Business Taxes: Advertising Expenses
Posted on April 9, 2008 by Chad BordeauxAs a small business owner, you are most likely going to incur some expenses related to the promotion of your business. Generally, most of the expenses you incur are deductible either as advertising expense or as some other expense. Some expenses are not deductible. In any case, the Internal Revenue Service requires that your expenses be ordinary and necessary to the operation of your business in order to be deductible.
Top Ten Tax Tips for Foreign Property Owners
Posted on April 10, 2008 by Carl BayleyArguably, this is more of a warning than a tip, but it is vital to remember that any UK resident individual buying property abroad is still exposed to UK tax on that property.
Real Estate Investors - Don't Just Sell, Make A 1031 Exchange
Posted on March 18, 2008 by Trisha CoppleyAs an investor, you know that single dollar that you have working for you is compounding your wealth, and, in contrast, each and every dollar not working for you represents a missed chance to increase your wealth. When it comes time to make a sale on a piece of real estate,
Protect Yourself From Unnecessary Tax Loss Today!!
Posted on March 11, 2008 by Carelin BellTaxes are important and should be paid. They are the money that we pay to the government so that the government can serve us better. However, payment of taxes is a complicated problem.
Tax Disputes and the How to tackle them
Posted on March 11, 2008 by Carelin BellPaying taxes to local and national governments is something that we are all required by national law and it just makes only a part of our duties as a citizen.
9 Expensive Mistakes Canadians Make When Filing Tax Returns
Posted on March 7, 2008 by Pavel YurievIncome Tax is a Game, and the Rules are complex. There is a lot of money at stake when it comes to tax matters. And believe it or not, tax preparation mistakes could be pretty expensive.
Popular Taxes Articles
Federal Home Renovation Tax Credit (HRTC)
Posted on October 29, 2009 by floristOnly available for the 2009 tax year. The Home Renovation Tax Credit is a non-refundable tax credit based on eligible expenses for improvements to your house, condo or cottage.
Offshore Company Formation Ensures Huge Tax Exemptions
Posted on August 20, 2009 by Article ManagerThe arrangement of offshore company formation has been considered as one of the best ways for availing tax benefits and having your assets protected. No one can deny the fact that the presence of start-up service providing companies has made offshore business formation hassle free and fast.
Investment Based Deduction
Posted on October 26, 2009 by TaxmannBudget 2009 has taken a new initiative by introducing the concept of allowing deduction under income-tax for investment made in a new business ‘based on investment’ and ‘not based on profit earned’. It has inserted section 35AD allowing deduction of investment in specified businesses under the Income-tax Act, 1961. This is in place of allowing for exemption or deduction of profit earned from a new business.
Payroll Services Is Mostly Outsourced in UK for Accuracy and Timeliness
Posted on October 18, 2009 by Article ManagerMany medium and small size companies in UK are outsourcing their payroll and accounting job to payroll processing companies so that they can concentrate on their key areas of operation. Moreover outsourcing of this complex task also assures organization of accuracy and timeliness in payroll processing as these tasks are managed by payroll experts in the payroll processing companies.
Certain Issues on Taxation of Charitable and Religious Institutions
Posted on November 13, 2009 by TaxmannIn a vastly populated developing nation, the parallel role of NGOs in public welfare is indispensable. The Income-tax Act, 1961 has recognized the importance of the very concept of ‘charity’ in the Indian society. The income derived by charitable institutions is exempt under section 10 or section 11.
Tax MythBusters: The Top 5 Tax Tips to Amaze your Friends and Family
Posted on May 24, 2008 by Donna BordeauxI commonly find there are sooo many misconceptions about taxes out there. I have heard a lot of them so many times, they make me laugh. I would like to dispel some untruths about taxes and educate you just a little. Here is my top 5:
Texas Property Tax Appeals
Posted on January 30, 2008 by Patrick OConnorTexas appraisal districts typically recognize one of three different approaches to determine market value when granting reductions in property tax assessments. Those approaches are Sales Comparison Approach, Income Approach, and Cost Approach.
Land Tax Relief- Guidepost For Tax Savings
Posted on July 26, 2008 by deepak kulkarniAre you searching for information related to land tax relief or other information somehow related to IRS tax debt relief, or Idaho property tax relief? If yes, this article will give you helpful insights related to land tax relief and even somehow related to bush sayings and 2008 property tax relief that you might not have been aware of.
Tax-Free Investing Made Easier
Posted on September 6, 2009 by Bernard TrolletInvestment is an individual option which enables an individual to place his money in property, securities, or bonds so that they generate returns over time. It is important that any returns that do gather have to do so without eroding the cost of the investment. CDs and the money market are other avenues for investment that will usually beat the rate of inflation. Gains may still be very small, but it is nearly certain that they will beat the inflation rate. So if you are invested in real esta...
Should you buy shares? You decide, with a little help: FTSE Tips
Posted on October 24, 2009 by Andrew DyerMisys PLC develops, manages and licenses a variety of software products and solutions to customers in the financial services and healthcare industries. The company’s business sectors consist of Banking, Treasury & Capital Markets (TCM), Healthcare and Central Services.
