The Tax Governance Institute (TGI), a forum dedicated to the analysis of corporate issues relating to day-to-day and long-term tax risk management, recently hosted a live video-cast panel discussion to review the implications of the new, heightened tax return preparer penalties.
Latest Taxes Articles
Implications of the New, Heightened Tax Return Preparer Penalties
Posted on November 11, 2008 by Hank GutmanTax Reductions and the IRS Position on Cost Segregation
Posted on October 23, 2008 by Patrick C O ConnorTax reductions and tax deductions are a common benefit of cost segregation. When real estate investors and tax practitioners learn about the income tax deductions and tax reductions resulting from cost segregation they are sometimes skeptical; they are concerned it is a tax shelter or tax scheme. This simply is not true. Cost Segregation provides a legitimate tax reduction.
Corporations avoid taxes - How they do it?
Posted on October 17, 2008 by ratetakeMost U.S. and foreign corporations avoid paying income taxes despite sales they are making. The Government Accountability Office said 72 percent of all foreign corporations and about 57 percent of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005.
Understanding Common Tax Collection Issues
Posted on October 13, 2008 by Larson FinancialThe experts at Larson Financial explain some of the different kinds of federal and state tax issues, for example the difference between a lien and a levy.
IRS Errors
Posted on October 16, 2008 by Darrin MishThere is a horror tale that each tax professional can tell about the IRS making errors in the thousands of dollars.
Three of the Most Common Deductions that People Often Miss
Posted on October 4, 2008 by Darrin MishIt's depressing to know that every year, people don't take all the deductions that they can legally avail of simply because they do not know that these exist.
Taxation: Do Canadian Corporations Pay Their Share?
Posted on October 4, 2008 by Jeff LaRocheWhen looking at large corporations on the Canadian soil, one might wonder what keeps them there. To fully understand such a question, you must study the business, but most of all its taxation and regulation. Big corporations in Canada don't pay their full share when it comes to taxes.
Penalties For Tax Evasion: Keep An Open Eye
Posted on September 1, 2008 by Camie IbaraIn our country, tax evasion is punishable by law and it means, in a broad sense, any action taken in order to avoid paying taxes, or failing to report these taxes, or doing it in an inaccurate manner. Any cash income that is not declared will fall under the tax evasion legislation.
Tax Deductible Items - Common Deductions You May Have Missed
Posted on August 19, 2008 by Balva RudickWhen you are working on your taxes, no doubt you want to find all the tax deductible items that you can. You can easily miss some of the best deductions and end up paying more to the government than you really need to. In fact, there are millions of people who actually overpay on their taxes just because they are not aware of all the deductions that they are allowed to take. So, more than likely there are a few common deductions that you may have missed. The following are some tax deductible ite...
How Can I Get Federal Income Tax Deductions?
Posted on August 19, 2008 by Balva RudickYou can get federal income tax deductions, but only if you know exactly what types of revenue are excluded from taxes. Taxes are something that any citizen in the United States has to pay, according to the rules and regulations stated by the government. There are some revenues that cannot be taxed, and there are exemptions and deductions that can be applied for.
Popular Taxes Articles
How to Minimize the Property Tax Assessments set by the Harris County Appraisal District
Posted on February 15, 2008 by Patrick OConnorHarris County Appraisal District estimates the market value for 1.6 million parcels of real estate with a staff of about 150 appraisers. That's an average of over 10,000 parcels per appraiser per year! While they value a large number of properties annually, you can focus intense attention on reducing the value of your property.
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 ...
Vat Return - File It on Time
Posted on June 19, 2008 by Article ManagerVAT is a Value Added Tax which is levied on the goods and services at the every stage of value addition. Every business has to be registered under vat if it has the sales turnover of up to 64000 pounds per annum. And, vat return has be filed on time otherwise it can catch the attention of tax authorities to inspect the business. Proper maintenance of account books is necessary to file the vat return.
Tax Relief Fund- Free Related Guidepost For Tax Savings
Posted on July 26, 2008 by deepak kulkarniIf you are searching for information about tax relief funds, you will find the below related article very helpful. It provides a refreshing perspective that is much related to tax relief funds and in some manner related to income tax problems, communication tax, United States act or New York property tax relief.
AeroMarineTaxPros.com: Personal Property Exchanges
Posted on August 15, 2008 by Michael YeskThe tax deferred exchange offers businesses one of the last great opportunities to build wealth and save taxes. A business can dispose of its personal property, use all of the equity to acquire replacement personal property, defer the capital gain tax that would ordinarily be paid, etc.
Remanding Of Service Tax Matters
Posted on August 27, 2009 by TaxmannService tax issue is the emerging one in the indirect tax matters. It opens the field to the professionals more to practice. In the proceedings before any quasi-judicial system, the principles of Natural Justice are to be complied with. Otherwise, the matter will be remanded to the original authority of the appellate authority to decide the case afresh which will cause further delay in the proceedings.
Non-Indication Of Service Tax In Bill - An Analysis
Posted on September 5, 2009 by TaxmannWhenever a service is brought into the service tax net, the service provider is liable to levy service tax on the service provided by him and to pay the service tax so collected from the service receivers. The Service Tax Rules make it mandatory to issue bill/invoice/ challan to the service receivers indicating the details as required by the rules including the service tax payable.
Corporate Tax Relief- Free Assistive Tip For Tax Savings
Posted on July 26, 2008 by deepak kulkarniIt's difficult to provide accurate corporate tax relief information, but we have gone through the rigor of putting together as many corporate tax relief related information as possible.
Contrary to What Is Being Said, There Is No Part 135 Sales Tax Exemption for Aircraft
Posted on December 27, 2007 by Thomas AlstonDuring the everyday conversations of aircraft dealers, brokers and prospective buyers the belief is being enforced that a Part 135 exemption exists in California. This belief is dangerous and misleading.
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.
