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Top Tax Issues

Top Tax Issues

When people think about high-net-worth individuals they envision people with a team of tax experts to suggest tax-saving strategies and guide them every step of the way. There’s a perception that such people can even dodge taxes entirely. The...

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New Tax Pitfalls to Avoid

New Tax Pitfalls to Avoid

The tax laws inevitably change from one year to the next, and each year seems to have its own collection of unique hazards and pitfalls that taxpayers need to be aware of for that year. 2015 is no different, and taxpayers at all levels of income...

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Pros and Cons of Muni Bonds

Pros and Cons of Muni Bonds

Investing in a municipal bonds is a good way to preserve capital while generating gradual interest. They also have tax free benefits. Another way to look at investing in municipal bonds, often called munis, is that you will be helping build...

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7 Most Common Tax Mistakes

7 Most Common Tax Mistakes

Tax season is quickly approaching and the filing deadline will be here before you know it. If you haven’t filed your taxes yet, it’s time for action. You should get started by getting your tax return together, organizing all of your...

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5 Smart Uses For Your Tax Refund

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Even when we expect our tax returns to bring a refund, we all dread preparing for the tax deadline. The arcane tax forms, instructions few can decipher and our increasingly complex financial situations make each year’s return seem more...

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Corporate Tax Rates

Corporate Tax Rates

The corporate tax rate is 20%. Generally, two types of taxes are payable by corporate entities. The corporate income tax rate is 20% and is applied to the taxable income. Whereas the business receipt tax(ranging from 2% to 10%) is applied to the...

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What To Do If You Lost Your W-2

What To Do If You Lost Your W-2

Steps to Take If You’ve Lost Your W-2 For most tax filers, the W-2 is a critical piece of information that validates income earned throughout the tax year. The form, also known as the Wage and Tax Statement, is one that your employer sends you...

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Business Tax Deductions

Business Tax Deductions

Checklist of Tax Deductions for Small Business   1. Employees’ Pay. You can deduct the pay you give your employees as long as the pay is in cash, property or services.   2. Inventory (Cost of Goods Sold). Businesses that...

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Top 4 Ways to Invest Tax Free

Top 4 Ways to Invest Tax Free

So you’re ready to start investing for your future, but you’re not sure how it might affect your tax bill. Believe it or not, there are a few clever ways to invest without having Uncle Sam reach even deeper into your pockets. They’re called...

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10 Sources Of Nontaxable Income

10 Sources Of Nontaxable Income

The Internal Revenue Service defines income as any money, property or services you receive – and Uncle Sam wants a bite of practically everything. The government says that all types of income are taxable unless specifically excluded by law...

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Filling Out The W-9 Form

Filling Out The W-9 Form

If you work as a freelancer or independent contractor, most of your clients should ask you to complete IRS form W-9, Request for Taxpayer Identification Number and Certification. This form helps businesses get key information from their vendors...

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