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...
IRS Tax Help
How To Calculate Social Security Wages?
Social Security wages are part of the FICA (Federal Insurance Contribution Act) along with Medicare. These taxes are withheld by the employer so that they can pay these taxes to the IRS as required. Both Social Security and Medicare are withheld in this way. If you have any...
What are the State Taxes in California?
California has some of the highest taxes in the entire country, so it’s important to understand what you’re being taxed for. The state’s sales and income taxes are higher than the national average while property tax rates are below the national average. One of our goals at The...
How to Estimate Federal Taxes
With the end of the year quickly approaching, you might be wondering how to estimate federal taxes. This information will also help you going into a new year so that you can withhold more money from your paychecks if needed so you can avoid having to pay more. The Tax Crisis...
How Long Do Tax Liens Stay On Your Credit Report?
So How Long Do Tax Liens Stay On Your Credit Report? Good news – tax liens are no longer part of credit reports. Tax liens used to be appear on your credit reports, but in 2017, all 3 credit reporting agencies implemented changes to eliminate civil judgment records (that a...
Why You Need a Professional to Handle Your Tax Crisis
There are so many ways to define patriotism and paying taxes is one of them. Each financial year, you are required to file your taxes without fail. Looking at the implications of failing to pay such as loss of property, heavy financial penalties, and sometimes prison...
New Federal Tax Laws You Need to Know
Each new tax year, there are changes that affect you as a taxpayer. Sometimes, the advantages that you use to enjoy get scrapped off. In other times, new rules are introduced which may either lower or increase your tax bill. So, it’s up to you to ensure that you are brought up...
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...
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...