Financial News, Tips & More!
4 Last Minute Tax Tips
With the tax season coming to a close, many may still be struggling to file the taxes for this year. Getting under the proverbial tax gun can leave an individual scrambling to file and thereby open themselves up to making mistakes or not receiving all that they could in a tax...
Countries with the Lowest Tax Rates
Customers bring questions and complaints about the tax system to the Tax Crisis Institute all the time. These questions can range from, “How can they take so much money from me?” to “How much do other countries tax their constituents?” When you find yourself on the painful side...
Is Your March Madness Office Pool Legal?
March Madness brings a tense air of competition and excitement with it to the office. With games in full swing throughout the normal workday, it’s the only topic of conversation amongst sports fans as games are decided by the hour and bracket predictions begin proving their...
Offer In Compromise for In-Business Tax Payers
Offer In Compromise or Bankruptcy? Most taxpayers who owe tax debts choose the certainty of bankruptcy over the uncertainty of the outcome of an Offer in compromise. The problem with a bankruptcy of an in-business taxpayer is the bankruptcy trustee may call for an appraisal of...
Home Rental can Provide Tax-Free Income
Do you notice that every year during your town’s biggest festival/fair/event traffic gets out of control, lines at the grocery store are longer and the wait at your favorite restaurant is double the usual amount of time? This year you may be able to avoid all of that and make...
Tax Tips For the Unemployed
Everyone knows that the economy has been in a rut for quite a while now. Jobs are scarce, and times are hard. If you are unemployed, times can be even harder. But something you must realize is that even though you are unemployed, you still have to file taxes. But do not fret....
States With the Highest Income Tax
Every year, the IRS takes money out of everyone’s paychecks and gives it to the government. This is called an income tax. The IRS also collects taxes on business’ earnings and profits. Many people struggle with the idea of the government taking a large chunk of their money out...
Will Giving Money To Charities Make You Wealthier?
Perhaps you’ve heard of the saying that you get more the more you give. Put another way, the more money you give away, the more money you get. Isn’t that a strange notion? Do you really believe it? Let’s present a case to examine. John D. Rockefeller He was one of the first to...
Prepare Yourself for a Financial Crisis
When the financial crisis in 2008 struck the United States, many people were ruined financially. As America continues to rebuild it is important that individuals understand how they are going to prepare themselves financially to ensure that a financial crisis is not wholly...
Top Tax Breaks
It is fairly safe to say that no one likes paying taxes. Although taxes exist for a reason, it is often difficult to part with your hard-earned money and give it to the government. What a lot of people don’t know is that there are many tax breaks that individuals can take...