Archive for January, 2012

Tax Relief Lessons Learned from Celebrity Tax Woes

For most people, taxes are the single biggest expense. First, not all tax preparers are the same. – $23,750 Annual tax savings – $3,000 Reduced tax return preparation fees Your tax preparer does make a difference! WHAT MAKES YOUR TAX RETURN SUCCESSFUL? ANSWER #1: Paying the least amount of tax legally Your tax preparer needs [...]

A comparative view on goods and services tax (GST)

The due date for business income tax returns on extension is September 15. Typically, only regular corporations have tax liability on their corporate income tax returns (Form 1120). S Corporations (Form 1120S) and partnerships (Form 1065) usually have no income tax liability on their income tax returns because the profit “passes through” to the owners’ [...]

IRS Tax Levy- Introduction To Tax Levy Sorts

The Internal Revenue Service (IRS) offers free help that is considered the easiest way to obtain tax help, whether you need information on tax relief or just the basics of taxation. IRS help is basically offered to people who face difficulties in calculating the complex tax entries. The primary objective of IRS tax help is [...]

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