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2015 Tax Tips; Vol. 4


LAST MINUTE TAX TIPS

As the the clock approaches midnight on the 2015 tax season, many taxpayers still haven’t filed their tax return yet. But even if you filed your taxes already, the following is definitive list of topics that all taxpayers should know going forward… Continue reading

TAX RECORDS YOU SHOULD KEEP 

The filing deadline for 2014 tax returns is April 15, 2015. Because the Internal Revenue Service (IRS) can audit tax returns for up to three years after the tax filing deadline, you should plan to keep your tax returns from 2012, 2013, and 2014 after this year’s tax filing deadline. In most cases, you can… Continue reading

WHO TAXES CITIZENS LIVING ABROAD?

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

STATES TOUGHEST ON  TAXPAYERS

Let’s face it: income inequality exists. However, local and state taxes have a big role to play in the redistribution of wealth. Some states have less stringent tax policies than other states—a relief to many taxpayers who would otherwise have to tithe their income to Uncle Sam. However, many state tax systems are considered regressive,… Continue reading



Looking for additional resources?

Visit these sections of our blog for additional reading and tax resources: The True Cost of Doing Your Own Taxes

 

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