Financial News, Tips & More!
How Much Do You Have To Make To File Taxes?
Whether or not to file taxes is a complicated question. The most important thing is how much you earn during the year. The team at Tax Crisis Institute is here to help you with your tax filing difficulties. We can answer your questions and will help you through your current tax problems. What you need to know is...
What Is The Difference Between An LLC And An S Corp?
Determining whether or not your business should file as an LLC or an S corp can be difficult. First and foremost, it’s important to understand the fundamental differences between the two. Then, you can weigh your options and make an educated decision. Here are some differences between LLCs and S corps and tips on how...
What Are Capital Gain Taxes?
You made a sound investment in real estate or collectibles and now you’re ready to sell and reap the benefits. Unfortunately, you notice that the return is nowhere near as big as you thought it would be. This is more than likely because of the capital gains tax. Our team here at the Tax Crisis Institute is here to...
What Are the Taxes in California
It is no secret that it is expensive to live in California. Despite the beautiful weather, expansive beaches, and breathtaking views, you will pay a pretty penny on a home, food, and even taxes. Before making any moves out west, it’s important to understand California’s cost of living and, maybe, more importantly,...
When Can I Start Filing Taxes For 2020?
Many people are still focused on the 2019 tax year. With the IRS offering an extension due to COVID-19 which gives people until July 15, 2020, to file, thinking about 2020 taxes seems so far off. But it's not too early to start planning for next year. Our team at the Tax Crisis Institute has information for you to...
How to Estimate Taxes Owed
Paying your quarterly taxes may seem like a burden you wish you could pawn off to someone else. While no one is ever excited about filing their taxes, projecting your quarterly payments correctly can actually soften your tax burden when tax season rolls around. Our team a the Tax Crisis Institute has created a guide...
Financing or Leasing a Car: Which is Better?
Whether your current car has some wear and tear, you’re looking to upgrade the gas mileage or you want the latest and greatest technology, buying a new car is an exciting time. It’s also full of stressful decisions that will make you want to pull your hair out. One of those tough decisions is whether you should be...
What Are The Penalties For Not Paying Taxes On Time
Taxes are due on the 15th of April every year. If you pay your taxes late you’ll be subject to a 3% penalty, as well as possible wage garnishment and much more. At Tax Crisis Institute we specialize in helping individuals and families with the complications from unfiled or unpaid taxes. What you owe the government is...
What is The Average Tax Rate in The US
Knowing what the average tax rate is in the United States seems like an easy question to answer right? However, the U.S. progressive tax system makes it difficult to pin down what an ‘average’ taxpayer pays yearly on taxes. Taxes can be difficult but, here’s a guide from the Tax Crisis Institute to help you better...
What are the Tax Breaks for 2019 in the US?
Here at Tax Crisis Institute (TCI) we are here to help you navigate the tax laws of 2019. There’s a lot of changes that have been happening in the world of taxes and with the date of April 15 fast approaching. Tax breaks happen at several intervals. Starting with 12% and going up from there. If you are in the top...