How to Estimate Federal Taxes

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...
Tax Fraud in Nevada and Its Ramifications

Tax Fraud in Nevada and Its Ramifications

Recently, Las Vegas-based realtor and business owner William Waller was charged with different counts of tax fraud. According to the Department of Justice, Waller is guilty of tax evasion, interfering with tax laws, falsifying tax information, not filing tax returns,...
Tax Fraud in California and Its Ramifications

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...
9 States with No Income Taxes

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...
Tax Debts to the State of California

Tax Debts to the State of California

The state of California has three tax agencies that collect taxes: The Franchise Tax Board, the Employment Development Department, and Board of Equalization. The Franchise Tax Board collects income taxes; the Employment Development Department collects payroll taxes,...
The Ominous Nevada Margin Tax

The Ominous Nevada Margin Tax

On the Nevada ballot is an initiative proposed by the teacher’s union to raise funds for Nevada schools. Nevada has some of the worst schools in the country, so the initiative sounds good on the surface – who doesn’t want to help school kids? However, if this tax is...