All About Claiming Tax Rebates For Students
All over the world, the words I am a student are usually accompanied by an attitude of entitlement. An attitude which says Although I am not a minor, I should not be heaped with the responsibilities of...
View ArticlePaperwork, Paperwork
Recent changes to the tax laws and the required minimum distribution rules have made reviewing beneficiary designations for Individual Retirement Arrangements (IRAs) and qualified retirement plans...
View ArticleTax Relief – Three More Ways of Settlement
Aside from Offer in Compromise (OIC), where the taxpayer and the IRS reach a settlement agreement, other ways of getting tax relief are: removing a levy and garnishment, getting currently not...
View ArticleTax Consultants – To Put an End to Tax Disputes
It is the duty of every citizen to pay the Tax. The Tax that you pay plays an important role in the development of your Country (say) better roads and the development of new projects. People often...
View ArticleThe First-Time Home Owners IRS Tax Credit Complicates 2010 Tax Returns
The 2010 tax returns have been quite frustrating for a section of taxpayers who were paying back their first-time home buyers credit. According to the IRS, people in this group experienced delays in...
View ArticleBequeathing Wealth? Beware of Impending Taxes!
Generation skipping transfer is defined as a change in the ownership of property, through a gift or at death, to an individual who is two or more generations behind that of the individual giving out...
View ArticleDoes the IRS View Your Business As a Hobby?
Starting your own business is fun and exciting; very seldom do we stop and think about the law. During the year we keep all of our receipts (most of us), we have records showing how much money made...
View ArticleAre Social Security Benefits Taxable?
For most people, Social Security retirement benefits are not taxable. However, about a third of people receiving retirement benefits must pay income tax on a portion of their benefits. Basically, if...
View ArticleTransfer Pricing Study
Indian Transfer Pricing Laws In an era of liberalization and globalization of trade and investment and the emergence of e-commerce, the perceptible results have been increase in the number of...
View ArticleWho Is a Qualifying Relative Under the US Tax Law?
In order to be a qualifying relative there are five tests that must be met: In general, the relationship test is the same as in previous law when it applied to all dependents. The individual must be a...
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