Can A Tax Help Combat Childhood Obesity?

March 26th, 2015 at 5:56 pm — By admin

Childhood obesity is a complex issue, ad medical experts and social scientist have been in a gridlock about how to fix the problem for years. Now some economists argue that taxing junk foods could tip the scales in the right direction. One study by the University of North Carolina showed that a 10% price increase… Continue reading

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The Only Two Countries to Tax Citizens Living Abroad? The United States and China

March 23rd, 2015 at 4:00 pm — By admin

Of all the sovereign nations on the planet, there are only two that tax their citizens’ income earned while living abroad: the United States and, perhaps surprisingly, China. Most countries ascribe to the philosophy that taxation should be primarily national rather than global, but both the United States and China require their citizens living abroad… Continue reading

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Is Your Investment Portfolio Tax Efficient?

March 16th, 2015 at 11:53 am — By admin

Having a tax-efficient investment portfolio is a plus for many taxpayers. What makes this a desirable strategy when it comes to paying Uncle Sam and how can you make your investment portfolio even more tax efficient? There are plenty of ways to make more efficient investments and be financially savvy whether you’re investing on your… Continue reading

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5 Quick Tips for First-Time Tax Filers

March 12th, 2015 at 5:10 pm — By admin

Taxes may be one of the only certain things in life, but that doesn’t mean that filing them is easy. This is especially true if you are a young adult filing your first tax return. If you are single and earned an income greater than $10,000 in 2014, you are required to file a federal… Continue reading

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March 16th Corporate Tax Deadline Approaching

March 12th, 2015 at 4:49 pm — By R&G Brenner

The Deadline to file corporate tax returns (forms 1120, 1120A, and 1120S) is Monday March 16th, 2015. Most corporate returns are required to be filed electronically therefore they must be sent to the IRS before midnight on the 16th.  If for some reason you are filing a paper corporate tax return, the post mark on the envelope must… Continue reading

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Could a Tax Credit Help Millennials Financially?

February 25th, 2015 at 4:52 pm — By admin

A lot of attention is being paid to Millennials, who, unlike their parents’ generation, are bucking the trend of graduating directly into lucrative jobs, settling down, buying a house and having 2.5 kids. Millennials, defined as young adults born between the early 1980s and early 2000s, are instead moving back in with their parents, struggling… Continue reading

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The Most Important Tax Issues to Focus on This Year, According to the Experts

February 23rd, 2015 at 4:06 pm — By admin

Taxes are never a fun process, and there can be a great deal of confusion about how much to pay or how to get the most money back. With tax season in full swing, many people are finding themselves lost in a flurry of financial advice that’s hitting them from all directions and it’s difficult… Continue reading

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TurboTax Stops E-Filing Tax Returns Due To Fraud Concerns

February 13th, 2015 at 12:29 pm — By R&G Brenner

Intuit’s TurboTax–the leading do-it-yourself tax preparation software used by million of taxpayers–abruptly turned off the ability to file 2014 state tax returns citing “an increase in suspicious activity”.  This comes on heals of claims of “price gouging” by its customers which caused a major public relations uproar forcing the CEO of TurboTax to pen an apology. [Intuit] has found… Continue reading

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Is a Higher Degree Still Worth It?

February 10th, 2015 at 2:00 pm — By admin

A great emphasis has been placed on the importance of a higher education degree over the last several decades, with the prevailing notion that a good paying job and solid career track are within one’s reach when clutching a college diploma. This long-accepted wisdom has spurred countless high school grads to move out of their… Continue reading

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Getting to Know Your W-2 Form

February 9th, 2015 at 4:28 pm — By admin

The Internal Revenue Service (IRS) requires all employers to provide employees with a W-2 form, which lists the employee’s income information for the previous year. It doesn’t matter how long you worked for the company; if you earn more than $600, your employer must issue you a W-2. If any of your wages were withheld… Continue reading

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