What You Need To Know About Chicago’s Wheel Tax

What is the Chicago Wheel Tax? Pickup trucks make a significant portion of the cars that are sold around the United States, especially those pickup trucks that are made in the United States. Statistics show that almost 20 percent of … Read More

Posted in Uncategorized | Leave a comment

Beware, Tax Scams Continue To Plague Citizens

Five Common Tax Scams to Avoid Even though the tax system in the United States has reached incredibly advanced levels, there are still a number of tax schemes that continue to trap people every year. If you do not want … Read More

Posted in Uncategorized | Leave a comment

3 Keys To Obtaining and Claiming a Health Coverage Tax Exemption

Three Ways to Obtain and Claim a Health Coverage Tax Exemption For those who enroll in healthcare through the Affordable Care Act, it is important to remember that there are tax exemptions for people enrolled in these plans. Some exemptions … Read More

Posted in Uncategorized | Leave a comment

5 Steps To Requesting An IRS Appeals Conference

How to Request an Appeals Conference with the IRS If you do not agree with parts of your tax bill from the IRS, there are ways to contest these charges. In addition, if the IRS charges you with unpaid taxes … Read More

Posted in Uncategorized | Leave a comment

What Chicago Investment Income Is Deductible & Taxable

Investment Income: What is Deductible and Taxable in Chicago? When discussing the taxes on investment income, the first step is to understand what qualifies as investment income. In most cases, investment income refers to money that is used to buy … Read More

Posted in Uncategorized | Tagged , , | Leave a comment

MORTGAGE INTEREST DEDUCTIBILITY AND ASSISTANCE

Mortgage interest deduction is the ability to deduct any interest paid toward building a home, getting a loan for purchasing a home, or renovating a home. This deduction helps home-owners save money in taxes each year and can be used … Read More

Posted in Uncategorized | Leave a comment

5 Tips To Reduce IRS Penalties

When it comes to paying taxes, the IRS has a no-frills approach to applying penalties for a variety of different reasons. The three most common reasons and their associated penalties include: Filing taxes late. Penalty up to 25% of unpaid … Read More

Posted in Uncategorized | Tagged , , | Leave a comment

IRS OVDP Vs. STREAMLINED

Tax payers who have failed to disclose offshore accounts and properties on their tax returns received a “pass” in 2009 when the Offshore Voluntary Disclosure Program was introduced. Under this program, individuals who choose to voluntarily disclose their assets from … Read More

Posted in Uncategorized | Tagged , , | Leave a comment

Avoiding Tax Penalties Through Voluntary Disclosure

In 2009, the Internal Revenue Service launched a few different programs to help companies and individuals with funds in offshore accounts come to terms with the tax liability laws. For many years, it has been considered a loophole for wealthy … Read More

Posted in Uncategorized | Tagged , , | Leave a comment

What To Do If You Overpay Taxes

Overpayment on taxes is an all too common occurrence for individuals who make errors when filing. The errors most often come from basic mistakes including identify theft, connection to the tax debt of your former spouse, or misunderstandings from incorrect … Read More

Posted in Uncategorized | Tagged , , | Leave a comment
Page 5 of 812345678