Tax Deferral Power and Protection

What is a Tax-Deferred Annuity? A tax-deferred annuity is a contract between you and the insurance company with guaranteed interest and guaranteed annuity income options. There are no upfront sales charges or administrative fees during the life of your contract.

Offer In Compromise Help

An offer in compromise is basically an agreement between the Internal Revenue Service (IRS) and a taxpayer to reach a settlement on tax debts. Applying for an offer in compromise is often a lengthy and complicated process. It can take anywhere between a year and two for arriving at a successful resolution on the application. Moreover, only about 16% of the applications are actually accepted by IRS. Offer in compromise help is readily available from a variety of sources ranging from tax lawyers to books and Web sites. Owing to the complexity involved in the filing process, a person seeking offer in compromise help should look for a qualified professional with extensive experience.

Republican Leaders Speak Out Against Global Taxes

Republican leaders in the U.S. Senate have pledged their support of legislation which would withhold funding from the UN and the OECD should they attempt to impose taxes at an international level.

New Procedure for Settling Tax Debts with the IRS

The Tax Increase Prevention and Reconciliation Act of 2005 has ushered in new rules for settling tax debts with the IRS. Here is the scoop on the compromise procedures.

IRS Dictates Employee Withholding Amounts

IRS regulations now allow it to dictate to an employer the withholding rate for an employee without regard to the employee's W-4 or situation. This needs to be read by every employer!

Little-Known Tax Deductions from a Voluntary Employee Benefit Association

If you are a profitable business owner and you want a large tax deduction, there is a defined-benefit plan known as a voluntary-employee benefit association (VEBA) that can substantially reduce taxes and accomplish other business planning goals. A VEBA, if done properly, not only allows deductible contributions, but money can come out of the plan tax-free for health and welfare expenses.

IRS Problem Solvers

The IRS, or the Internal Revenue Agency, has instilled the fear of God in the minds of all tax payers in the country. This tax collection and enforcement agency of the Treasury Department of the USA is responsible for dealing with all tax-related issues, which can include non-payment, underpayment or overpayment. It is invested with the powers of implementing strict penalties and fines on all defaulters.

IRS Tax Problems

The IRS, or Internal Revenue Service, is a tax collection and enforcement body that is part of the US Department of the Treasury. The primary duty of the agency is to ensure that people pay their taxes punctually and honestly. This is not an easy task because the agency has to deal with the usual tax evaders. Though there are harsh fines in store for the tax evaders, there are cases when honest taxpayers are forced to pay penalties for no fault of theirs.

401K Tax Deductions

The 401K plan is an employer sponsored retirement savings plan in which the employee transfers a portion of his/her wage into the retirement account. This plan allows an employee to save for the retirement without attracting any immediate income tax on the deferred amount. The 401K tax deductions are granted until the money is withdrawn. Usually, the job of monitoring the plan is sourced to a third party controller such as an insurance company, a bank, or a mutual fund. 401K tax deductions can be diverted to investments such as stocks, mutual funds, or bonds. Some companies even allow these deductions to be utilized for purchasing the company stock. The employee may be given a free hand for reallocating the 401K tax deductions into the investment of his/her choice at any time.

Tax Debt Help

Tax debt is another form of debt many people fall into. They have the Internal Revenue Service breathing down their necks to recover their dues. However, tax dept helps in solving your tax debt problems.

Small Business Tax Deductions

Small business tax deductions are implemented by the government to encourage entrepreneurship and investment. A business owner can save large amounts of money through these small business tax deductions. Special small business tax deductions are granted for home based business establishments.

Battling the IRS

There was once a song about battling the law and losing. Fortunately, battling the IRS is possible and sometimes inevitable.

The IRS Trust Fund Recovery Penalty: What Happens if You Don't Pay Those 941s?

How IRS determines liability when payroll taxes are unpaid and a corporation fails or becomes insolvent. Possible defenses to the assertion of the penalty.

Study Shows New Tax Rules May Hurt the Economy

The Center for Freedom and Prosperity Foundation has released a research study that indicates Section 911 may hurt the economy.

How To Minimize Your Taxes On Wealth

Taxes on wealth or simply wealth tax is the tax levied on the value of wealth owned by a person. As the term ‘wealth’ carries with it a broader meaning, generally capital transfer taxes (which includ...