by Tax Crisis Institute Staff | Nov 8, 2022 | IRS Tax News, Tax News
Winning a car will be taxed at fair market value, usually around 30%. So if you win a $45,000 car, you’ll likely owe approximately $15,000 in taxes. Those taxes don’t include maintenance, insurance, or the initial costs of getting the car set up with the DMV,... 
by Tax Crisis Institute Staff | Nov 16, 2020 | IRS Tax Help, IRS Tax News
Tax time is quickly approaching. Understanding tax law and correct tax filing can be a difficult mental and legal maze to navigate. Tax brackets and tax rates are not the same thing. Income levels, or tax brackets, are used to determine tax rates and most people will... 
by Tax Crisis Institute Staff | Sep 23, 2019 | Budget, IRS Tax Help, IRS Tax News, Tax Liens
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... 
by Tax Crisis Institute Staff | May 30, 2019 | Audits, IRS News, IRS Tax Help, IRS Tax News
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... by Tax Crisis Institute Staff | Nov 16, 2018 | IRS Tax News
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... 
by Tax Crisis Institute Staff | Mar 1, 2018 | IRS Tax News
Nоw thаt tаx rеfоrm has раѕѕеd, іt’ѕ tіmе tо dо what ѕmаrt buѕіnеѕѕ оwnеrѕ аnd mаnаgеrѕ dо: рut аѕіdе thе роlіtісѕ аnd mаkе thе mоѕt оf thе орроrtunіtу. Wе аrе rеѕроnѕіblе fоr grоwіng оur соmраnіеѕ аnd nаvіgаtіng оur buѕіnеѕѕеѕ tо tаkе аdvаntаgе оf whаtеvеr...
