How to Access Your W-2 Forms for Tax Preparation

July 10, 2012 by  | Leave a Comment Filed under: Taxes 

W-2 Forms are given to one from his/her employer or former employer and include the schedule of salaries and wages received and the amount of money deducted and submitted to the tax authorities as payroll taxes. The W-2 form is an important document when preparing tax returns as it contains the (read on...)

How to Make Your Life Tax Deductible

June 26, 2012 by  | Leave a Comment Filed under: Taxes 

It is important for you to keep in mind that taxes are neither fair nor logical, and this becomes painfully obvious the more you learn about the Tax Code and the role of the Internal Revenue Service (IRS). Furthermore, IRS Tax Code is subject to change at a moment’s notice. The United (read on...)

Why the Revenue Code Will Never Be Simplified

May 16, 2012 by  | Leave a Comment Filed under: Taxes 

As of this writing, the U.S. Revenue Code has a total of somewhere in the neighborhood of 72,500 pages and counting. This is truly an incredible figure when you think about it. The instruction manual that is supposed to assist the citizens of the United States with “putting together” (read on...)

Taxable Income – A Legal Definition

April 21, 2012 by  | Leave a Comment Filed under: Taxes 

Let my intentions be clear. I offer no advice but only express an opinion related to information which I recently discovered. This discovery resulted from considering the issue and evaluating the question posed in the first paragraph below. It’s up to you to verify the information and draw (read on...)

Money in Motion: How Governments Create Perpetual Income

March 22, 2012 by  | Leave a Comment Filed under: Taxes 

The biggest misconception out there is that governments tax “things” or stuff. In Canada, just like in other countries world wide, we have personal and corporate taxes, payroll taxes, excise taxes, liquor taxes, income taxes, gas taxes, [INHALE] sales taxes, estate taxes, and on and (read on...)

How Withholding Tax Works

February 9, 2012 by  | Leave a Comment Filed under: Taxes 

A withholding tax is a kind of income tax that works more like a sales tax. Under a traditional income tax you have to make a payment equal to a percentage of your income every year. Under withholding the government retains or withholds a percentage of payments you receive to cover your (read on...)

Tax Preparer Vs Preparation Office: Which Is Right For You?

February 1, 2012 by  | Leave a Comment Filed under: Taxes 

Every year, consumers face a choice: rely on an individual to prepare your income tax return, or choose to work with an established company? Making the right decision about who to trust for your needs can mean the difference between successful filing and potential audit problems and (read on...)

Why An Offer In Compromise Won’t Work For You

December 28, 2011 by  | Leave a Comment Filed under: Taxes 

You hear the ads on the radio and see them on TV – they’re as prevalent as the personal injury attorney ads. An authoritative figure or voice promises that you’re income tax debt can be cut to pennies on the dollar, saving you and your family from financial ruin and (read on...)

Understanding Tax From Other Incomes

December 22, 2011 by  | Leave a Comment Filed under: Taxes 

Most of us are familiar with the process for income tax filing where we generally show income from a constant or regular source. This income is taxed as per the tax bracket we fall into. There are other incomes which do not fall into any defined criteria and hence they are grouped under (read on...)

2011 Tax Advantages Coming to an End

December 2, 2011 by  | Leave a Comment Filed under: Taxes 

As Frank Sinatra’s song, ‘My Way,’ begins – ‘and now the end is near,’ tax planning season is ending…. Ok, ok, so my recollection of his song isn’t exact, but it is the accountants’ version. And while the President and Congress took a (read on...)