January 23, 2012 – 5:39 pm
Republican presidential candidate Mitt Romney has disclosed that he has millions of dollars worth of investment funds set up in the Caribbean tax haven of the Cayman Islands. Romney, who has an estimated personal wealth of $250 million, has been paying a much lower tax percentage than most U.S. citizens: approximately 15% of his yearly income. He has previously kept his tax returns private, but financial transparency is now an expectation of presidential candidates.
Romney has a minimum of twelve investment funds containing as much as $8 million which are listed on the registry of the Cayman Islands, together with … Read the rest
By Steve
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Posted in tax filing, tax preparation, tax tips, Turbo Tax
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Also tagged Caribbean, Cayman Islands, Investment, Jack Blum, Mitt Romney, Mitt Romney presidential campaign 2008, romney, Tax, United States
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January 22, 2012 – 2:11 pm
The Republican candidate Rick Santorum has a tax plan that would cut taxes, for Americans, but increase the budget deficit by nine-hundred billion in a year. This was reflected in a recent study. The more the deficit increases, the less the American dollars is worth. His plan is a short term fix, with no long term benefits.
The taxes 2012 Santorum plan would create a substantial tax cut of approximately seven-thousand and eight-hundred dollars for about sixty-nine percent of Americans. The problem with his proposal is that the households, which would benefit the most, are the richest ones in the … Read the rest
By Steve
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Posted in tax credit, tax filing, tax hike, Turbo Tax
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Also tagged Accounting, Mitt Romney, republicans, Rick Santorum, santorum, Tax, Tax cut, Tax Policy Center, Taxation, United States
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October 12, 2011 – 5:24 pm
Doing your own taxes might seem like an easy enough thing to pull off. You just get your W-2 form, put in the numbers and you are good to go. However, there can be more to doing your taxes than just simple math, and even that can be hard to do for some people. While it might not be fun to have to pay someone to do your taxes, it can save you a lot of headaches down the line.
You Could Get The Numbers Wrong
Doing your own taxes means inputting your own information. If you have a … Read the rest
By Steve
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Posted in tax filing, tax forms, tax preparation, tax tips, Turbo Tax
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Also tagged Arizona, internal revenue service, IRS, IRS tax forms, Itemized deduction, Miami, Miles Walker, pitfalls, Tax, taxes
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September 21, 2011 – 5:51 pm
Tax preparation can be costly so save money and try doing your taxes yourself. Tax preparation can cause you hundreds especially if you opt for an expedited refund. Filing your taxes yourself is easy with the help of the Internet. Several tax preparers offer online tax services in which you can file your taxes for very little if anything at all. Depending on your income, you may even qualify to file your federal taxes for free.
Where is my W-2?
By the end of each January, employers must mail your W-2 wage information to you if you are a wage … Read the rest
By Steve
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Posted in tax filing, tax forms, tax preparation, tax tips, Turbo Tax
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Also tagged internal revenue service, IRS tax forms, Standard deduction, Tax, Tax preparation, tax return, Tax return (United States), taxact
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September 1, 2011 – 11:59 pm
The AMT or Alternative Minimum Tax is that rare thing – a part of the tax code that most people agree on irrespective of their ideological or political leanings. It was originally established in order to make certain that the richest citizens in the US were going to be made to pay their own fair share of the national tax revenues, but most people now think that it is unfair it has not been adjusted along with inflation which in effect means that an ever growing percentage of not quite as wealthy Americans are falling within its remit and finding … Read the rest
By Steve
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Posted in e-file, tax credit, tax filing, tax preparation, Turbo Tax
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Also tagged abandon, Accounting, alternative, Alternative Minimum Tax, congress, Jon Huntsman, minimum, Tax, Taxation, United States, United States Congress, Washington
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If you ever start your own part time business, keeping track of your finances is one of the needed keys to a successful business. In addition, learning how to read the tax laws is important as it allows you to keep your hard earned money. However, since the tax laws change frequently, it’s a good idea to hire your own professional tax consultant. It saves you on hassle and if you find a good one, they will do their job better than you ever could. So if you want your business to run smoothly, learn how to find a … Read the rest
By Steve
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Posted in tax credit, tax filing, tax forms, tax preparation, Turbo Tax, Uncategorized
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Also tagged Accounting, Business, consultant, hire, internal revenue service, Law, money, Tax, Tax advisor, Tax law
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