Month: August 2015

IRS Tips to Help People Pay Their Taxes

If you owe tax, the IRS offers safe and easy ways to pay. Check out these payment tips: Pay your tax bill.  If you get a bill, you should pay it as soon [...]

When to Hire a Bookkeeper or Accountant

Entrepreneurs thrive on a DIY mentality: Do everything you can yourself and don't pay for anything new until you have absolutely have to. It's especially [...]

Black money fight: India, Seychelles sign information exchange pact

NEW DELHI: In its fight against black money, India today signed an information exchange agreement with Seychelles on tax matters, along with pacts to deepen [...]

I.R.S. Cracks Down on Hedge Fund Tax Strategy

Hedge funds that used a strategy to claim billions of dollars in tax savings will face new scrutiny from the government, according to guidance issued by the [...]

Tax Treatment and Planning Strategies for Nonresident Individuals

Alien individuals that have U.S.-source income can be taxed as residents of the United States if they meet certain requirements. Otherwise, they [...]

India, U.S. to sign tax pact: sources

India and the United States has signed a tax information sharing agreement under a new U.S. law meant to combat offshore tax dodging by Americans, two Indian [...]

When You Haven’t Filed Tax Returns in a Few Years

Sometimes, when a person has not filed a tax return in a while, the IRS will prepare a tax return based on the information they have available. This is called [...]

Determine If You Are Subject to the Individual Shared Responsibility Provision

The Affordable Care Act includes the individual shared responsibility provision that requires you, your spouse, and your dependents to have qualifying health [...]

Moving Expense Deduction

If you move your home you may be able to deduct the cost of the move on your federal tax return next year. This may apply if you move to start a new job or to [...]