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Tax Fraud in California and Its Ramifications
Elie Waknine, a resident in Huntington Beach California has pleaded guilty of tax fraud. Waknine failed to file taxes for millions of dollars that he owed in an offshore account in Israel between 1994 and 2011. The offense was complicated by him instructing Bank Leumi not to...
How to Create a Budget That Works for You
Are you the type that always has an outstanding high-interest debt that you can find ways to pay up? Do you often over withdraw what you have in the bank because of unnecessary expenses? Do you find it difficult to understand where most of your money go? If the answer to any of...
Top 8 Tax Tips for Small Businesses
When operating a small business, each penny counts. So often, reducing the taxes is the difference between making profits and suffering a loss. You have to pay taxes; there’s no argument about it. However, you have to be smart about it lest you risk losing a significant part of...
9 States with No Income Taxes
Ben Franklin famously said that there are only two things certain in life: death and taxes. Taxes are payable in different ways and if there’s a way that pinches the most, it has to be through personal income. No one enjoys it when money is deducted from their paycheck at the...
10 Smart Financial New Year’s Resolutions
When it comes to welcoming the new year, it’s all about making new resolutions. It’s likely that you are pledging to hit the gym in the new year if you are having a problem in managing your weight. It’s also likely that you are promising to volunteer in community charity...
Financial Wisdom this Holiday Season
Each year thousands of us fall into this pattern: we spend and spend, buying the gifts we think our loved ones need for the holidays. Then we find ourselves surrounded by unopened boxes, torn wrapping paper and - you guessed it - panic over how we'll pay off the debt or pay our...
Taxes and Passport Revocation
Did you know that not paying your taxes on time has serious ramifications, not only financially, but also personally? If you have a seriously delinquent tax debt, the Internal Revenue Service can certify that debt to the State Department in order for them to take action. In...
7 Financial Risks of Late Tax Payments
The paying taxes is a necessity in every society. However, people do find ways to evade this money that they are mandated to pay to the government because of reasons are best known to them. These reasons are negligible compared to the risks of either not paying taxes or paying...
Benefits of Filing Your Taxes on Time
All other things in life may not be sure, but there is one thing that you cannot change or run away from which is death and taxes. Procrastination will only put you in more trouble, you need to do the necessary whenever the time comes to prevent dancing to the music of the law....
The Top 10 Tax Mistakes Businesses Make
Fіlіng small buѕіnеѕѕ tаxеѕ іѕ аn іmроrtаnt рrосеѕѕ fоr every buѕіnеѕѕ, аlthоugh іt’ѕ еnjоуаblе tо vеrу few. In fасt, ѕоmе flаt-оut drеаd іt. Thе рrоblеm іѕ thаt ѕоmе buѕіnеѕѕ оwnеrѕ thіnk оf tаxеѕ оnlу іn thе wееkѕ leading uр tо thе Aрrіl 15 deadline. But thеrе іѕ a lot mоrе...