Tax Help For Business and Pleasure Trips #travel #republi

#business travel
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Tax help for business, pleasure trips

By Kay Bell • Bankrate.com

You really need a break, but it’s been a tough year for your business and you’re not comfortable spending money on vacation travel. Let Uncle Sam help pay for your business trip. When you tack on personal vacation days to the beginning or end of a business trip, your out-of-pocket costs could be minimal since much of the business portion of your travel could be tax-deductible.

The pairing of corporate and vacation travel is easier for self-employed business owners. But employees also can take advantage of combined personal-business trips.

The key, as with anything tax-related, is substantiating that you followed IRS rules.

Ordinary, necessary expenses

The IRS has no problem with business owners deducting legitimate expenses. As long as the travel benefits or advances your business, you can write off ordinary and necessary expenses.

What’s considered ordinary and necessary? That depends, says the IRS, on the facts and your circumstances. In general, an ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your business.

Under these standards, deductible travel expenses typically include hotels, meals, entertainment and round-trip travel to meet with existing or potential out-of-town clients.

Convention and seminar costs also could be deductible as long as the conferences specifically relate to your business or profession or help improve your career skills. That’s why so many professional groups hold conventions in vacation spots like Orlando, Florida, or Las Vegas.

Getting there

Traveling to a business meeting obviously is work-related and the IRS doesn’t really care whether you get there a few days early or hang around for a bit after your business is concluded.

Since you had to travel anyway, you can deduct the cost of your transportation as a business expense when you file your company’s taxes. This applies to auto travel as well as airfare.

“If the primary purpose is business, you don’t have to apportion it even if you spend some personal time,” says Barbara Weltman, tax attorney and author of “J.K. Lasser’s Small Business Taxes 2015.”

In fact, when you fly for business purposes and extend your stay to get a reduced fare by, for example, spending a Saturday night at your destination, the associated stay-over costs usually are deductible, too, even though you have no business meetings that extra day.

The cost of travel by bus, train or auto, either your own car or one you rent, also is deductible. But don’t try to slip in the price of airfare if you got your ticket via frequent flier miles.

Timing is everything

Many people set up out-of-town meetings for late one week and early the next. “That basically requires you be in town, but you have the weekend to yourself,” says Mercedes Infante, an enrolled agent and CPA with BDO USA’s Orlando, Florida, office.

Be sure, though, that you don’t extend your personal stay too long. In order to deduct your transportation costs, your trip must be primarily for business. You do get to count your travel days as business, but carefully calculate the overall work-to-pleasure ratio.

If you spend 3 days getting to and meeting with clients, but bookend the travel with 5 extra days for sightseeing, the IRS will consider your trip more for fun and disallow your travel deductions.

Lodging costs

Your hotel costs while conducting business also are deductible. Here, too, you need to differentiate between the portion of your stay that was personal.

For the extra days you stay to enjoy a location’s recreational offerings, you cannot deduct those hotel charges.





10/11/2017

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457 Retirement Plans #457 #retirement #plans, #457 #retirement #plan, #457 #tax


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Prepare for Retirement With a 457 Plan Designed for Government and Non-Profit Workers

Deferred compensation plans, also known as 457 retirement plans are designed for state and municipal workers and employees of some tax-exempt organizations.

If you participate in a 457 plan, you can contribute a portion of your salary to a retirement account. That money and any earnings you accumulate are not taxed until you withdraw them.

The difference between a 401(k) and a 457 retirement plan

Although they’re alike in many ways, there are some differences between 401(k) and 457 plans, particularly when it comes to early withdrawal penalties and minimum required distributions.

With a 457 retirement savings plan:

  • There isn’t a minimum retirement age
  • There isn’t a 10% federal penalty for early withdrawal of funds, although withdrawals are subject to ordinary income taxes
  • There is a withdrawal option for unforeseen emergencies that meet certain legal criteria, if all other financial resources are exhausted
  • Distributions are available in a lump sum, annual installments or as an annuity
  • There is no tax withholding if you leave for a new job and roll over your money into an IRA or your new employer’s 401(k), 403(b) or 457 plan – or if you take regular installments for 10 years or more. (All other distributions are subject to 20% withholding for federal taxes.)

Keep in mind that federal income tax laws are complex and subject to change. Neither Nationwide nor our representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions.

Learn more about your employer-sponsored Nationwide 457 plan.

Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value

This material is not a recommendation to buy, sell, hold, or rollover any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. It does not take into account the specific investment objectives, tax and financial condition or particular needs of any specific person. Investors should work with their financial professional to discuss their specific situation.

Life and annuity products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Company, Columbus, Ohio. The general distributor for variable products is Nationwide Investment Services Corporation, member FINRA. The Nationwide Retirement Institute is a division of NISC. Nationwide Funds distributed by Nationwide Fund Distributors, LLC, Member FINRA. Columbus, OH. Nationwide Life Insurance Company, Nationwide Life and Annuity Company, Nationwide Investment Services Corporation, and Nationwide Fund Distributors are separate but affiliated companies.

The Nationwide Group Retirement Series includes unregistered group fixed and variable annuities issued by Nationwide Life Insurance Company. It also includes trust programs and trust services offered by Nationwide Trust Company, a division of Nationwide Bank ® .

Nationwide, the Nationwide N and Eagle, The Nationwide Retirement Institute, Nationwide is on your side and Nationwide Funds Group are service marks of Nationwide Mutual Insurance Company. Let’s Face it Together is a service mark of Nationwide Life Insurance Company.

©2017 Nationwide Mutual Insurance Company and affiliated companies


14/10/2017

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Car Donation – Goodwill of San Francisco, San Mateo and Marin


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Your car can help put local people to work.

FAQs | Cars Vehicles

My car/vehicle has damage, mechanical issues or won t pass emissions. Can I still donate it?

Yes you can! We ll take it and make sure you get a vehicle donation tax receipt for your generous donation to SFGoodwill.

What types of cars/vehicles can I donate?

We accept all kinds of cars and vehicles regardless of condition. Cars, trucks, vans, RV s, motorcycles, ATV s, boats, and jet skis.

FAQs | Towing Pickup

Do I have to pay anything to have my car/vehicle picked up or towed?

No. As a SFGoodwill donor there is no cost to you. All of the costs are covered by our donation program.

How quickly can you pick up or tow my donated car/vehicle?

Most vehicles are picked up within 24 hours.

Do I have to be home when you pick up or tow my donated vehicle?

No. After any personal belongings are removed from the donated vehicle and you have removed the license plates, just leave the keys and title in an agreed upon and predetermined safe place and our tow driver will pick it up during the assigned window of time. It’s that easy!

Will I get a receipt when you pick up or tow my donated car/vehicle?

You vehicle donation receipt will be emailed to you within twenty four hours of pick up.

FAQs | Title Registration

What paperwork do I need to donate my car/vehicle?

In most cases just the title to the vehicle. Even if you do not have the title, other arrangements can be made. Please call Cars Helping Charities at (877) 935-1255 to speak with a donation specialist regarding any special questions.

Can a car/vehicle be donated if the owner is deceased?

Yes. In most cases you will need a copy of the death certificate and a Personal Representative or Power of Attorney paperwork showing that you are the official representative of the deceased d belongings.

What should I do with my license plate after I donate my car/vehicle?

Please remove the license plates prior to the vehicle being picked up. Then, you can either cancel the license plates with the California Department of Motor Vehicles, transfer them to another vehicle, or destroy them.

FAQs | Tax Deduction Proceeds

Is my car/vehicle donation tax deductible?

Yes. We will provide you the necessary paperwork to submit to the IRS or your CPA/tax preparation professional.

What are the benefits of donating my car/vehicle to charity?

  • It is any easy, hassle-free way to get rid of a car that doesn t run or you don t need.
  • If the repair costs exceed the vehicle s value, it may be more economical to donate it to SF Goodwill and receive a tax deduction.
  • It is a great way to support SFGoodwill s mission of putting people back to work right here in the Bay Area.
  • It is a great way to recycle, helping the environment.

How do you determine the value of my donated car/vehicle?

The IRS permits the vehicle donor to claim a charitable tax deduction as follows:

  • The maximum amount you can deduct is the fair market value of your car. Fair market value is the price a willing buyer would pay and willing seller would accept for the car. This is not the same as the full value as found in a used car guide (such as blue book value).
  • If the vehicle would sell for less than $500, you can claim the fair market value of your vehicle up to $500.
  • If the vehicle would sell for more than $500, you can claim the amount for which the vehicle could be sold.
  • You can also learn more from the IRS: Car Donations

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06/10/2017

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Las Cruces Attorney Estate Planning Probate #law #office, #el #paso, #estate


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El Paso office Map:
4110 Rio Bravo, Suite 220
El Paso, Texas, 79902

915-533-3563
Meetings by appointment only

Estate Planning, Probate and Trust Law in Las Cruces and greater El Paso area.

Alan Gluth specializes in estate planning, gift and estate taxation, probate and trust matters, fiduciary litigation and tax-exempt organization matters in Texas and New Mexico. If you or your family has any questions or needs in these legal areas, Alan Gluth is qualified to help you.

  • Free initial consultations
  • Flat fee billing for most matters
  • Board Certified in New Mexico and Texas

Mr. Gluth is board certified in estate planning, trusts and probate law by the New Mexico Board of Legal Specialization of the State Bar of New Mexico and is one of only eight attorneys in the State of New Mexico to currently hold this certification in New Mexico. Alan Gluth is also board certified in estate planning and probate law by the Texas Board of Legal Specialization of the State Bar of Texas and obtained this designation in 2003.

Mr. Gluth was named to the New Mexico Super Lawyers list as one of the top attorneys in New Mexico for 2012, 2013, 2014 and 2015. No more than five percent (5%) of the lawyers in New Mexico are selected by Super Lawyers, and at age forty-five (45), Mr. Gluth is one of the youngest attorneys in southern New Mexico to have obtained this designation and one of only four attorneys in New Mexico to be named to the New Mexico Super Lawyers list in the area of estate planning and probate law.

Alan Gluth currently practices as a sole practitioner under Gluth Law, LLC after being a name partner in another law firm for several years. Mr. Gluth received his law degree from The University of Texas at Austin in 1998.

Civic and Personal Information

Mr. Gluth is married to JoAnn and they have four sons: Collin (18), Braden (14), Preston (13), and Peyton (7). Outside of his professional activities, Mr. Gluth and his wife are active in his sons’ extracurricular activities and volunteer at schools within the Gadsden Independent School District. Mr. Gluth and his family reside close to La Union, New Mexico.

Alan Gluth is responsible for the content of this website.


23/09/2017

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Tax Levy FAQ: IRS Levy Frequently Asked Questions #tax #levy #on


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Tax Levy FAQ: IRS Levy Frequently Asked Questions manny 2015-08-20T19:44:50+00:00

Tax Levy Frequently Asked Questions (FAQs)

Can a Tax Levy be stopped?

  • A tax levy can be stopped. When the IRS sends their final notice of intent to levy they are giving 30 days for the taxpayer to resolve their problem before the begin to levy. The IRS does not want to levy any taxpayer s assets, it is a last resort effort to collect taxes from the uncooperative taxpayers. Some ways to stop the levy are by appealing the levy, pay the IRS in full, enter into an installment agreement, or to file for an offer in compromise.

What assets can the IRS take through a levy?

  • The IRS can take almost anything of value from you that can be used to satisfy tax debt. There is a small list of things they cannot take, but most things they can legally take. The most common assets they seize are wages, vendor payments due to you, money from bank accounts, commissions, employee travel advances, SSA benefits, property, rights to property, and anything else of value that can satisfy the tax liability.

What can t the IRS take through a tax levy?

  • A few things the IRS cannot take are the following: welfare, SSI, disability payments, court ordered child support, school books, clothing, livestock if farmer, tools used for a job, undelivered mail, workers compensation benefits and other exemptions that are related to the annual cost of living.

What if I don t agree with the notice of intent to levy?

  • The IRS does make mistakes sometimes and will misplace payments or get paperwork mixed up, so it is possible you received a levy by accident. Or even if you don t think they went through the levy process the right way etc, you have a right to appeal the levy. It is important that you both call the notice listed on the levy and file for an appeal .

Can a tax levy be released?

  • Yes you can release a tax levy. The IRS requires you to get back into compliance with your taxes before they stop the levy. You can release the levy by paying in full, settling through an offer in compromise, setting up a payment plan with the IRS, having the statute of limitations expire on the taxes that are due or by getting declared uncollectible.

How can I avoid a Levy?

  • The best way to avoid a tax levy is by staying in full compliance with IRS taxes and taking immediate action to any notices the IRS may send you. If you cannot afford to pay your taxes it is important to let the IRS know and arrange some other form of tax debt settlement.

What is the difference between a tax levy and a tax lien?

  • A tax lien is only the governments invisible claim on the property that is owned by the taxpayer, but a tax levy is the actual seizure of the assets owned by a taxpayer. With a levy the IRS can take money from bank accounts, garnish wages, or even seize physical property owned by the taxpayer.

Are there tax professionals that can help with a tax levy?

  • Yes, there are many tax professionals out there that specialize in finding solutions for taxpayers that are in trouble. The IRS s complexity has spawned many great companies to hire trained professionals that have lots of experience in making the various different forms of tax filings required when settling tax debt. Find more information on how our tax levy services work.

21/09/2017

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Help for IRS Tax Problems #irs #tax #problems, #irs #debt, #tax


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Help for IRS Tax Problems

Ignoring IRS tax problems can be a costly mistake. If you owe back taxes and don t deal with your tax debt, penalties and interest will add up and the IRS may resort to liens, levies, or wage garnishment to recover their money. If you re in this situation, there is hope. The trusted tax professionals at Frank E. Nute CPA, LLC, a Edina, MN CPA firm, are ready to find a permanent solution to your tax problems with the IRS.

For most taxpayers, trying to deal with the IRS is stressful, confusing, and ultimately unsuccessful. But when you turn to Frank E. Nute CPA, LLC for assistance, we ll work directly with the IRS on your behalf. We know their rules, understand their tactics, and can speak their language to negotiate a fair payment plan or help you take advantage of an appropriate tax relief program.

Contact us at 952-405-2082 now or request a consultation online. We ll examine your situation and recommend a course of action that will resolve your tax problems as quickly as possible while minimizing the impact on your finances.

Our wealth of experience in tax resolution means we can assist with audits, resolve payroll tax problems, file back taxes and more.

We’ll work with the IRS on your behalf to find the best solution for you like an offer in compromise or installment agreement.

Trying to handle tax problems on your own is timely and confusing. You can trust our experience to get the job done.


18/09/2017

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Free Tax Help from AARP Foundation Tax-Aide -AARP States #aarp #income


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Free Tax Help from AARP Foundation Tax-Aide

The countdown to tax day begins…now! From February 1 through April 16, AARP Foundation Tax-Aide – the nation’s largest, volunteer-run, free tax preparation program – is ready to help taxpayers with basic federal and state income tax returns.

Available to middle- and low-income taxpayers, with special attention given to those 60 and older, AARP Foundation Tax-Aide provides face-to-face assistance at nearly 250 sites across Massachusetts including senior centers and libraries. Find a site near you .

Last year, AARP Foundation Tax-Aide volunteers helped more than 39,000 Massachusetts residents with tax returns and questions. Over and over, the exceptional quality of service provided by these dedicated volunteers earns the program high marks in customer satisfaction.

AARP Foundation Tax-Aide volunteers are well-versed in federal and state tax rules, and focused on helping taxpayers identify all the tax credits and deductions for which they may qualify, including:

  • “Circuit Breaker” tax credit which is available for Massachusetts property owners and renters who are age 65 and older and meet certain criteria;
  • Energy Efficiency Credits which may be available to qualifying Bay State residential property owners; and,
  • Schedule HC, proof of health insurance coverage, which is required of all Massachusetts residents.

“Nobody is more grateful than a senior with low-income who just found us, was expecting to get no money back on his or her return, but gets a refund thanks to the ‘Circuit Breaker’ tax credit,” says Tom Ligon of Wayland, the volunteer state coordinator for AARP Foundation Tax-Aide. This year’s maximum “Circuit Breaker” credit is $1,000; however, an amended return may be filed for up to three years.

Bottom line: AARP saves you and your family money with AARP Foundation Tax-Aide. And, our volunteers are ready to serve.

This year, more than 600 AARP Foundation Tax-Aide volunteers have been trained in conjunction with the Internal Revenue Service and the Massachusetts Department of Revenue.

If married, both spouses should be present during an income tax counseling session. Taxpayers must have available all information and documents that apply to their 2011 income taxes, including:

  • Proof of identity (picture or other documentation).
  • All income statements that apply to the taxpayers.
  • Social Security number (Social Security card or Benefit Statement-Form SSA-1099) for taxpayer and all dependents.
  • Copy of last year’s federal and state tax returns.
  • Personal check if direct depositing tax refund, with bank checking account and routing numbers.

AARP Foundation Tax-Aide is administered by the AARP Foundation in cooperation with the Internal Revenue Service. The AARP Foundation is an affiliated, 501(c)(3) nonpartisan, charitable organization established in 1961. To learn more, visit www.aarp.org/taxaide .


17/09/2017

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How Do Tax Deductions Work When Donating a Car? TurboTax Tax


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How Do Tax Deductions Work When Donating a Car?

Updated for Tax Year 2016

Donating your car to charity can result in significant tax savings if you include it in your charitable contribution deduction. However, doing a little planning will ensure that you maximize the tax savings of your donation. The Internal Revenue Service (IRS) requires you to calculate your deduction in one of two ways, depending on how the charity uses your donation. Deductions for cars the charity sells are limited to the sales price. In all other cases, you can use the car’s fair market value.

Step 1: Find out how much the charity sold the car for

Use the price the charity obtains for your car in a sale as the amount of your deduction. For example, if the charity sells the car at auction for $3,000, your deduction is limited to $3,000, even if the fair market value is $4,500. However, if the charity sells the car at a discount to a needy individual or keeps the car for its own internal use, then you can claim a deduction for its fair market value.

Step 2: Determine the car s fair market value

The IRS suggests that you use a reputable used-car price guide to calculate your deduction when using fair market value. For example, go to your local library and obtain a recent copy of the Kelley Blue Book. Search the private party prices for your vehicle based on its make, model and overall condition. This type of search can be done on the Internet as well.

Step 3: Claiming the deduction

Report the amount of your deduction on line 17 of Schedule A. Since you can only claim a deduction for your car donation if you itemize, the total of all your eligible expenses on Schedule A must exceed the standard deduction amount for your filing status.

If you use TurboTax to prepare your taxes, we ll help you determine which filing status will get you the biggest tax savings.

Step 4: Additional forms you ll need

Complete Form 8283 if your car donation deduction is more than $500. If your deduction is between $501 and $5,000, you must complete Section A. If your deduction is greater than $5,000, you must complete Section B. If you complete Section B, you must also obtain a written appraisal as documentation.

Again, if you use TurboTax, we ll ask simple questions and fill in all the right forms for you.

  • If the charity sells your car sells for $500 or less, you can deduct $500 or your car s fair market value, whichever is less. For example, if your car is valued at $650 but sells for $350, you can deduct $500.
  • Most charities will report the sales price of your car to you on Form 1098-C.
  • You must have documentation of your donation. At a minimum, the documentation you receive from the charity must include your name, the vehicle identification number, the date of your donation and a statement describing the goods and services you received, if any.

Get every deduction

TurboTax Deluxe searches more than 350 tax deductions and credits so you get your maximum refund, guaranteed.

Looking for more information?

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TaxCaster

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Adjust your W-4 for a bigger refund or paycheck

Self-Employed

Enter your annual expenses to estimate your tax savings

Dependents Credit

Learn who you can claim as a dependent on your tax return

ItsDeductible

Turn your charitable donations into big deductions

Documents Checklist

Get a personalized list of the tax documents you ll need

Education Credit

Find out what you re eligible to claim on your tax return

Tax Bracket Calculator

Find your tax bracket to make better financial decisions

The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on taxes, your investments, the law, or any other business and professional matters that affect you and/or your business.

Tax break for donating a car


13/09/2017

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Creating A Tax Exempt Letter? A Style Guide, tax id letter.#Tax


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Creating A Tax Exempt Letter? A Style Guide

A tax exempt letter is a letter that establishes an organizations status as a tax exempt or charitable entity. When an organization applies for a grant or funding from a private foundation they will usually require this letter to be part of the application process.

What Makes An Organization Tax Exempt?

A not for profit corporation is an organization that was formed to benefit from other than the accumulation of profits. It is not meant to shield companies or people from avoiding income tax. Most types of nonprofit organizations are religious, charitable or educational. After the organization has gone through the not for profit application process the government will award a tax exempt letter usually along with a certificate that proves the status.

What the Letter Should Include

A tax exempt letter needs to include the name and contact information of the organization. Then establish the reason for the tax exempt status such as listing what the organization does that will profit the public. Once this statement is made then you will need to list the ways that you will benefit from the status as well as listing what benefits will not be taken advantage of. You will need to reestablish your organizations status yearly in some states, be aware of the rules in your state for proper status updates.

ABC Incorporated 09-09-09

Anytown, USA 12345

The content on this site is provided for informational purposes only and is not legal or professional advice. Advertised rates on this site are provided by the third party advertiser and not by us. We do not guarantee that the loan terms or rates listed on this site are the best terms or lowest rates available in the market. All lending decisions are determined by the lender and we do not guarantee approval, rates or terms for any lender or loan program. Not all applicants will be approved and individual loan terms may vary. Users are encouraged to use their best judgment in evaluating any third party services or advertisers on this site before submitting any information to any third party.


12/09/2017

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Los Angeles Home Appraisers #real #estate #appraisal, #appraiser, #los #angeles #home


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Hello and Welcome To APPRAISING LA


Your #1 choice for LOS ANGELES Home Appraisers

A t APPRAISING LA we specialize in providing a quick, low cost, and high-quality home appraisal service for the greater Los Angeles area. With locations in Sherman Oaks, Tarzana, Los Angeles, and Lakewood, it’s never been easier to get your home appraised by courteous and skilled professionals today. If you are looking to get an accurate, fast and low cost home appraisal than you came to the right place!


Our licensed, certified and experienced staff of Los Angeles home appraisers has extensive knowledge in real estate valuation and services, so it doesn’t matter which type of home you possess. And since we concentrate on such a specific segment of the housing market geographically, our small team comprised of only five skilled home appraisers has become closely acquainted with the local neighborhoods and sets the standard for home appraisal in the Los Angeles area. We appraise single family homes, PUDS, condominiums, multi residential dwellings and commercial properties in fixer upper condition to multi-million dollar expansive mansions!

Our client list is extensive – as Los Angeles home appraisers we are qualified to provide property valuations to the entire Los Angeles area and surrounding counties. From the biggest home to the smallest, the most important thing to us is the satisfaction of our customers. APPRAISING LA works hard to earn your business and more importantly – to gain your trust.

The majority of our home appraisal services range from only $250 to $500 with 24-72 hr turn time. You will save time money, call MAX for a quick quote and make it a HAPPY Day!

LA•Hollywood•Beaches 310.994.5070 | SFV•Ventura•Orange 818.793.1510

We Specialize In Quality, Rush Service And Best Prices In L.A. !”

Happy July 2017 Specials! – APPRAISING LA

Desktop Home Appraisal – $175

Multiple Home Appraisals – $175 Off

Bankruptcy – $295 (LA County Only)

** Se Habla Espanol


11/09/2017

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Tax attorney school #tax #attorney #school


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From the Wild West to the National Airspace System: Roadmap for Integration of Unmanned Aircraft into the National Airspace System By David Cain, J.D.1 I. History of Aviation – Unde Vinimus A. Unmanned Aviation i. Early Unmanned Efforts: From Tethered Flight to World War I ii. The Golden Age: Unmanned Flight from World War I [ ]

Have you received an email with the subject: Delivery notification Parcel delivery failed After a few lines of pretend-data, the notice gives you the opportunity to click on a link to https://tools.usps dot [wait for it] COM! Guess what? That s a scam. According to an official United States Postal Service source, a number [ ]

Washington, D.C.—Mesa Airlines pilots, represented by the Air Line Pilots Association, Int’l (ALPA), filed a lawsuit against Mesa Airlines Inc. in the United States District Court for the Eastern District of Virginia. The lawsuit alleges that Mesa bypassed the collective bargaining process required by the Railway Labor Act ( RLA ) by implementing bonus and incentive programs without [ ]

The Railway Labor Act (“RLA”), which codifies the law of labor relations affecting railroad and airline¹ workers in the United States, can be found at 45 U.S.C. §§ 151-188 [research it]. The RLA came into being in response to a series of violent railroad strikes² during the late nineteenth and early twentieth centuries. Passed in 1926 after evolving [ ]

February 24 2017

Definition: (noun) A document which allows one person to act for another. Uses: Can be a general power of attorney, which allows one person to act as the other in every respect. This would most commonly occur when the person granting power of attorney anticipates becoming unable to act for him or herself, either due [ ]


10/09/2017

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Self Assessment tax returns: Who must send a tax return #how


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Self Assessment tax returns

2. Who must send a tax return

The tax year is from 6 April to 5 April the following year.

You’ll need to send a tax return if, in the last tax year:

  • you were self-employed – you can deduct allowable expenses
  • you got £2,500 or more in untaxed income, for example from tips or renting out a property – contact the helpline if it was less than £2,500
  • your income from savings or investments was £10,000 or more before tax
  • your income from dividends from shares was £10,000 or more before tax
  • you made profits from selling things like shares, a second home or other chargeable assets and need to pay Capital Gains Tax
  • you were a company director – unless it was for a non-profit organisation (such as a charity) and you didn’t get any pay or benefits, like a company car
  • your income (or your partner’s) was over £50,000 and one of you claimed Child Benefit
  • you had income from abroad that you needed to pay tax on
  • you lived abroad and had a UK income
  • your income was over £100,000
  • you were a trustee of a trust or registered pension scheme
  • you had a P800 from HMRC saying you didn’t pay enough tax last year – and you didn’t pay what you owe through your tax code or with a voluntary payment

Certain other people may need to send a return (for example religious ministers or Lloyd’s underwriters) – you can check whether you need to. You usually won’t need to send a return if your only income is from your wages or pension.

If you’ve been told to send a return

If you get an email or letter from HM Revenue and Customs (HMRC ) telling you to send a return, you must send it – even if you don’t have any tax to pay.

If you used to send a tax return but don’t need to send one for the last tax year, you can contact HMRC to close your Self Assessment account.

Claiming tax relief

Fill in a tax return to claim money back from HMRC for:

Registering for Self Assessment

You need to register if you didn’t send a tax return last year. There are different ways to register if you’re:

If you’re new to Self Assessment, you’ll need to keep records (for example bank statements or receipts) so you can fill in your tax return correctly.

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    09/09/2017

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  • Maxine Aaronson – Tax Attorney Dallas Houston Texas IRS representation #tax


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    Dallas, Texas Tax Attorney

    Board Certified in Tax Law by the Texas Board of Legal Specialization, Maxine Aaronson has more than 30 years of experience helping clients manage the impact of federal and state taxation on their families and businesses. She limits her practice to the following areas:

    • Business and tax planning
    • Structuring and documenting business transactions
    • Resolving issues with the Internal Revenue Service
    • Trust and estate planning

    Maxine works closely with business owners and their families, helping them make tax-smart business decisions, plan for retirement, transfer wealth to children and grandchildren and structure their financial affairs to protect family assets. Her clients are primarily closely held businesses, their owners and their executives.

    A Personal Touch

    Maxine takes a personal interest in her clients’ businesses, often saying that her business is about helping her clients’ businesses succeed and prosper. A team player who works closely with a client’s in-house and outside accountants she strives to deliver quality services in the most cost effective manner. Unlike many tax lawyers practicing in larger firms, Ms. Aaronson personally handles all of the clients and cases she accepts. She likes to maintain an ongoing relationship with her business clients so that she can pro-actively advise them of potential tax pitfalls to avoid and of tax planning opportunities to seize.

    As a regular part of her practice, Ms. Aaronson helps her clients prepare and execute business succession plans, set up, buy or sell businesses, handle Internal Revenue Service audits, and design and implement compensation plans and retirement savings programs for owners and key employees.

    In addition to the practice of tax law, Maxine is frequently asked to serve as a mediator for other attorneys because of her ability to efficiently resolve complex tax, business and commercial matters. She also has experience working as a mediator in tax cases involving both the Internal Revenue Service and the Texas State Comptroller’s Office.

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    2016 – 2017 Maxine Aaronson Attorney at Law. All rights reserved. Custom WebExpress website design by NextClient.com .


    08/09/2017

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    Michael Cirone #us #tax #attorney


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    Lawyers

    Michael Cirone B.A. J.D. LL.M.

    Michael is a partner at Morris Kepes Winters LLP. He is both a U.S. attorney and Ontario lawyer and is licensed by the Law Society of Upper Canada as a Foreign Legal Consultant to give U.S. legal advice, which is a requirement for all Ontario lawyers who provide advice on foreign law. Michael s extensive knowledge and experience with tax, trust and estate planning law in both Canada and the U.S. enables him to provide his clients with seamless Canada/U.S. cross-border advice.

    Michael s practice focuses on Canada/U.S. cross-border and domestic Canadian tax, trust and estate planning law and the preparation of the legal documents required to effect tax-driven transactions and estate planning. He also represents taxpayers in their dealings with the Canada Revenue Agency.

    As part of Michael s Canada/U.S. cross-border tax, trust and estate planning practice, he regularly structures and implements the purchase and sale of U.S. real property by Canadians, he provides advice with respect to Canadian trusts with U.S. beneficiaries and structures and implements cross-border estate plans, all with the objective of maximizing tax efficiency in both Canada and the U.S. and minimizing exposure to U.S. estate tax and U.S. gift tax.

    On the corporate Canada/U.S. cross-border transactional side, Michael regularly structures and implements inbound U.S. investment by Canadian individuals and businesses and inbound Canadian investment by U.S. individuals and businesses.

    Michael received his Honours B.A. (with Distinction) from the University of Toronto (1996), his J.D. from Syracuse University Law School (2001) and his LL.M. (U.S. Tax) from the New York University School of Law (2003). Michael was admitted to the New Jersey State Bar in 2003, was called to the Bar of Ontario in 2005 and is currently admitted to practice before the U.S. Tax Court.

    Before joining Morris Kepes Winters LLP in 2006, Michael worked as a U.S. tax attorney for a major international accounting firm in New York City, then he worked for the same accounting firm in their Toronto office, specializing in Canada/U.S. cross-border transactions and most recently before joining Morris Kepes Winters LLP, Michael practiced tax, estate planning and corporate/commercial law at another downtown Toronto law firm.


    05/09/2017

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    Atlanta Tax Lawyers – Local Attorneys & Law Firms in Atlanta,


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    Atlanta Tax Lawyers, Attorneys and Law Firms – Georgia

    Need help with a Tax matter?

    You’ve come to the right place. Whether you are a business or individual taxpayer in need of tax-related legal help, a tax lawyer can help.

    Tax lawyers can assist with understanding tax law and resolve tax liens, back taxes, tax debt recovery and relief, and IRS compliance issues.

    Use FindLaw to hire a local tax lawyer to help structure an offer and compromise, fight IRS collections, and assist with wage and garnishment releases.

    Need an attorney in Atlanta, Georgia?

    FindLaw’s Lawyer Directory is the largest online directory of attorneys. Browse more than one million listings, covering everything from criminal defense to personal injury to estate planning.

    Detailed law firm profiles have information like the firm’s area of law, office location, office hours, and payment options. Attorney profiles include the biography, education and training, and client recommendations of an attorney to help you decide who to hire.

    Use the contact form on the profiles to connect with an Atlanta, Georgia attorney for legal advice.

    How do I choose a lawyer?

    Consider the following:
    Comfort Level – Are you comfortable telling the lawyer personal information? Does the lawyer seem interested in solving your problem?
    Credentials – How long has the lawyer been in practice? Has the lawyer worked on other cases similar to yours?
    Cost – How are the lawyer’s fees structured – hourly or flat fee? Can the lawyer estimate the cost of your case?
    City – Is the lawyer’s office conveniently located?

    Not sure what questions to ask a lawyer?

    Here are a few to get you started:

    • How long have you been in practice?
    • How many cases like mine have you handled?
    • How often do you settle cases out of court?
    • What are your fees and costs?
    • What are the next steps?

    Want to check lawyer discipline?


    05/09/2017

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    Maryland Tax Attorneys #irs #tax #levy #table


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    Maryland Tax Lawyer & CPA

    IRS Tax Attorney Provides Representation in MD, DC Metro, VA, and Nationwide

    As a Tax Attorney and Certified Public Accountant, I am well versed in the procedural and substantive tax rules necessary to successfully represent clients involved in IRS litigation, IRS audits, Foreign Bank Account Reporting (FBAR), collection matters, and criminal investigations.

    My years of working as an auditor and forensic accountant, coupled with my tax background, allow me to come up with creative strategies to solve IRS tax problems. I have defended individuals and businesses involved in the most challenging state and federal tax controversies.

    Although an IRS problem may seem insurmountable and never-ending at times, they can frequently be solved with a well thought out strategy. Often times, achieving a successful outcome in an IRS case hinges upon the discretion of the individuals who are assigned to the case within the IRS.

    As a lawyer who exclusively practices in the area of tax controversies, I understand the need for balancing an aggressive approach with the need for developing a strong rapport with the assigned agent. This balance allows me to achieve excellent outcomes for my clients, while protecting them from potential catastrophes.

    I frequently handle complex cases in the following areas: IRS examination, IRS tax levy, tax lien, wage garnishment, collection due process hearing, collection appeal, offer in compromise, requests for penalty abatement, payroll tax delinquencies, trust fund recovery penalties, foreign bank account reporting requirements (FBAR) and allegations of white collar crime including money laundering, currency structuring, willful failure to file, and willful failure to pay.

    Though I represent taxpayers throughout the U.S. and abroad, my main office is located in Columbia, Maryland, part of the Washington D.C. metro area. I also have established locations for meeting clients in Annapolis, Baltimore, and the Eastern Shore of Maryland. Other locations outside of the State include: Miami, Las Vegas, Nevada, Austin, Texas, Houston, Texas, and Richmond, Virginia. In many instances, it is not necessary to meet with clients in person, as communication by phone, fax, or E-mail may be more than sufficient.

    I hope the information I have compiled on this website is helpful for you to gain an understanding of the common issues that occur during a tax controversy matter. The tabs on the left detail the common practice areas and provide insight into potential strategies used to solve an IRS tax issue. Often times, one engagement will embody several of these practice areas. Moreover, I have added some resources including IRS Forms and information that may be helpful for taxpayers. If you would like to discuss your case, please feel free to call me at 410-497-5947 for a free consultation, or submit your information in the box to the right, and I will call you. I look forward to a successful resolution of your IRS tax case!

    IRS Penalty Relief


    04/09/2017

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    Glossary for Property Taxes – Province of British Columbia #glossary, #definitions,


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    Glossary for Property Taxes

    Under the home owner grant, a person with a disability is someone who has a severe mental or physical impairment that, in the opinion of a health professional. is likely to continue for at least 2 years. This impairment directly and significantly restricts the person s ability to perform one or more daily living activities either continuously or periodically for extended periods. In order to perform daily living activities, the person with a disability requires:

    • significant help or supervision of another person, help from an assistive device or the services of an assistance animal, or
    • a qualifying modification to their principal residence or land.

    A principal residence is the usual place that a person makes their home.

    If a person owns more than one home, they can t designate which one is their principal residence. Their principal residence is where they live and conduct their daily affairs, like paying bills and receiving mail, and it s generally the residence used in government records for things like income tax, Medical Services Plan, driver s licence and vehicle registration.

    The province, municipalities, improvement districts and agencies that are legally authorized to levy property taxes. Taxing authorities include:

    • The Province of British Columbia
    • Regional Districts
    • Improvement Districts
    • Regional Hospital Districts
    • BC Assessment
    • Municipal Finance Authority
    • Islands Trust
    • British Columbia Transit Authority

    A taxable trustee is a trustee that is a foreign national or foreign corporation holding title in trust for beneficiaries. The taxable trustee can also be a Canadian citizen holding title in trust for beneficiaries who are foreign nationals or foreign corporations.

    When an individual or business takes over an existing Crown land tenure from the current occupier before their tenure ends.


    03/09/2017

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    Charitable Donation Receipt #receipt #for #tax #deductible #donation


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    Charitable Donation Receipt

    By Cheryl Cirelli Non Profit Management Specialist

    Download this receipt for charitable donations

    A charitable donation receipt provides documentation to those who donate to your organization and serves as a record for tax purposes. If you are responsible for creating one for your organization, you can refer to a sample receipt to assist you when designing your own, or you can use the printable donation receipt template contained in this article to acknowledge gifts from your donors.

    Essential Information to Include on a Receipt

    No matter what type of charity you are responsible for managing, a donation receipt form is something you’ll need on a regular basis. Receipts serve an important purpose from a donor relations perspective and provide you and those who show generosity to your cause with a record of charitable donation transactions that take place. When creating a receipt, be sure to include the following information on the form:

    • Name of the organization
    • A statement stating that the organization is a registered 501(c)(3) organization along with its federal tax identification number
    • Date that the donation occurred
    • Donor’s name
    • Type of contribution made (cash, goods, service)
    • Value of the contribution
    • If anything was received in exchange for the donation
    • Name and signature of authorized representative of the organization

    Legal Language

    Legal language is not required on a charitable donation receipt but can be included if you like. Including legal language can add legitimacy to a receipt. Since many donors use a receipt for tax purposes, adding some legal language can prove that the donation is legitimate and qualifies for a tax deduction.

    While not required, it can be good to provide some kind of legal language so that the donor understands the importance of the receipt. An example of what you can include on a receipt is: The Internal Revenue Service states that the deductible amount of a charitable contribution is limited to the value of cash or property donate minus what the donor receives in return in exchange for the contribution. Please keep this receipt and file it with your tax records as proof of your gift.

    You can also add a statement such as: No goods or services were exchanged for this donation. This lets the donor know that the entire amount of the donation is tax-deductible by law.

    If you need help downloading the printable receipt sample, check out these helpful tips.

    Keep Accurate Records

    Donation receipts are important both for the donor and the organization. For the donor, they can be used to prove a deduction when filing taxes and for the organization, they can be kept as a record of a donor’s contribution.

    Trending in Charity

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  • List of Cancer Charities


  • 26/08/2017

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  • Income Tax Filing Requirements #tax, #taxes, #turbotax, #irs, #filing #status, #irs


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    Income Tax Filing Requirements

    With the second half of tax season here, it s time to get those gears in motion to start filing. Tax season means getting your paperwork and finances in order. While it may not seem exciting, filing taxes is manageable. Plus you may have a tax refund waiting. An overall understanding of the filing process is a great place to start.

    IRS Filing Requirements

    If you re a U.S. citizen or resident alien and you meet filing requirements, you are required to file an income tax return.

    According to the IRS, you must check these income requirements to determine if you required to file:

    • Gross Income: All your income including wages, tips, capital gains, tips, gambling winnings, and more should be claimed on your taxes if in 2016 it is at least:
      • Single: $10,350
      • Married (filing separately): $4,050
      • Married (filing jointly): $20,700
      • Head of Household: $ 13,350
      • Qualifying widow(er): $ 16,650
    • Filing Status: The five filing statuses are single, married (filing separately), married (filing jointly). head of household, and qualifying widow(er) with dependent child. Your filing status has a bearing on the deductions and exemptions you can take.
    • Age: If you re 65 or older, you can have a higher gross income before you re required to file taxes.
      • Single: $11,900
      • Married (filing jointly) one spouse 65 older: $21,950
      • Married (filing jointly) both spouses 65 older: $23,200
      • Head of Household: $14,900
      • Qualifying widow(er): $17,900

    What exactly is your adjusted gross income?

    Your adjusted gross income is basically your entire gross income minus any allowable tax deductions called above the line deductions. Some of them include:

    • Health Savings Account
    • Moving Expenses
    • Self-employed Health Insurance
    • Alimony Paid
    • Student Loan Interest
    • Tuition and Fees

    Your adjusted gross income is not the same as your taxable income.

    What s the difference between your adjusted gross income and taxable income?

    After your adjusted gross income has been calculated, you are then allowed to either take a standard deduction or itemized deductions. The standard deduction ($6,300 single, $12,600 married filing jointly) or itemized deductions, whichever one you are eligible for and gives you the lowest tax liability is subtracted from your adjusted gross income.

    Final Thoughts

    Even if your income is below the income filing requirements you should still file your taxes if you had federal taxes taken out since you may see your withholding come back in the form of a tax refund especially if you are eligible for a refundable tax credit like the Earned Income Tax Credit. Every year the IRS reports close to $1 billion in unclaimed refunds and the average unclaimed refund is about $700. Also, if you purchased health insurance in the Health Insurance Marketplace, you need to file to report your health insurance status.

    Don t worry about knowing these tax laws and how to make these calculations. TurboTax will ask you simple questions and calculate your taxable income and give you the tax deductions and credits you are eligible for based on your answers.

    How are you preparing this tax season?

    Post navigation


    24/08/2017

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    File Minnesota Amended Tax Return, MN Tax Amendment Form #amended #tax


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    How to Prepare and File a Minnesota Amended Tax Return

    When Do I Need to File a Minnesota State Tax Amendment?

    If you want to claim a refund, you must file your Minnesota amendment within 3.5 years of the original tax return due date. If you filed an amendment to your federal income tax return, then you should file your amended Minnesota return within 180 days.

    How Do I Correct My Accepted Minnesota Tax Return or File a Minnesota Amendment?

    In the state of Minnesota, if there is an error in your state income tax return, you must file an income tax amendment form. Here s how:

    1. Download and complete Form M1X .
    2. Print out the form and mail it to one of these addresses: Minnesota Amended Individual Income Tax, Mail Station 1060, St. Paul, MN 55145-1060 (changes made to Minnesota tax return) or Minnesota Department of Revenue, Mail Station 7703, St. Paul, MN 55146-7703 (no changes made to Minnesota tax return).

    Minnesota State Tax Amendment Forms (Download, Complete, Print Out, and Mail)

    To amend your Minnesota state tax return, fill out Form M1X for the appropriate Tax Year.

    If the changes in the federal tax return had an impact on your state income tax return, complete Form M1X and attach a copy of the amended federal tax return or a notice specifying the correction.

    If the changes in the federal tax return didn t have an impact on your state income tax return, send a letter to the Minnesota Department of Revenue explaining the corrections and the lack of change in the state tax along with a copy of the amended federal tax return or a notice specifying the correction.

    How Do I Check the Status of My Minnesota Tax Amendment?

    You can call the Minnesota Department of Revenue at 800-652-9094.

    What Are the Penalties, Interest, and Fees Associated with Amended Minnesota Tax Returns?

    There are multiple penalties that the Minnesota Department of Revenue can impose on taxpayers. They include a penalty for failing to report changes, late payment penalty, late filing penalty, underpayment of estimated tax penalty, and penalty for fraudulently claiming a refundable credit.

    If there were changes made to the federal tax return but none to Minnesota s tax return and there was no notification sent to the Minnesota Department of Revenue, then there is a 10% penalty on any extra tax that the taxpayer owes.

    A late payment penalty is assessed if you don t pay your tax by the deadline. The penalty is assessed at 4% of the unpaid tax for the first 180 days, and then an additional penalty of 5% is assessed 180 days after the payment deadline.

    A late filing penalty is assessed if you don t file by the deadline. The penalty is only assessed after October 15th, and is 5% of the unpaid tax.

    An underpayment of estimated tax penalty is assessed when you don t pay all of your tax due and don t qualify for an exception. The penalty is determined by Schedule M15 Underpayment of Estimated Income Tax.

    A penalty for fraudulently claiming a refundable credit is assessed when you file a false claim with the intention of getting a credit that you don t qualify for. The penalty is 50% of the fraudulently claimed refund as well as 50% of the tax that was underestimated and unpaid.

    Minnesota department of Revenue computes interest for both delinquent or unpaid taxes, as well as refunds that were delayed or weren t paid to the taxpayer.

    Interest Rates on Unpaid Taxes and Refunds

    Interest on Unpaid Taxes

    Where Do I Mail My Minnesota Amended State Tax Return? – Minnesota Mailing Address:

    If changes were made to your Minnesota income tax return, mail your amended return to:

    Minnesota Amended Individual Income Tax
    Mail Station 1060
    St. Paul, MN 55145-1060

    If no changes were made to your Minnesota income tax return mail your amended return to:

    Minnesota Department of Revenue
    Mail Station 7703
    St. Paul, MN 55146-7703

    Minnesota Department of Revenue Phone Number: 800-652-9094

    Where Do I Find More Information on Minnesota State Taxes?

    What If I Need to Fix My Accepted Federal Tax Return?

    If You efiled Today

    You Could Have Your Refund By

    Start Your Tax Return

    efile.com is up to 64% Less
    Than TurboTax and H ?>

    23/08/2017

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    Donate Your Car – Reduce Taxes – Donate Used Car, Donate


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    Make a car donation today help a charity of your choice.

    Donate Your Used Vehicle

    Who is Donation Line, LLC?

    Our company, Donation Line, LLC, acts as an administrative agent for non-profit organizations seeking vehicle donations. With over 16 years of experience we administer a very specialized fundraising program where individuals donate vehicles of all sorts to our 501(c)3 non-profit charity clients. Our clients chose Donation Line to manage their Vehicle Donation Program rather than devote costly in house resources to managing their program internally. Donation Line is an accredited Better Business Bureau business with an A+ rating, the highest rating possible.

    What can I donate?

    DonationLine.com accepts most auto donations. truck donations. motorcycle donations. vans, commercial vehicles, jet ski donations. snowmobiles, motor homes, buses, and even boat donations. The vehicle does not need to be running.

    Which charities will benefit from my donation?

    The non-profit organization that YOU select on the Vehicle Donation Form will benefit from your charitable donation! You may select any one of the charities on our list regardless of where you or the vehicle is located (vehicle must be in the United States).

    • Search for a Charity. Click here to search our database of charitable organizations by name, city/state or category.

    • View Complete Listing. Click here to view a complete alphabetical listing of charities, by organization name.

    Is my donation tax deductible?

    The charitible organizations offered on DonationLine.com are all non-profit corporations, so your donation should be tax deductible. You will receive a formal letter from the non-profit organization certifying that you have donated the item. Please note that all vehicles are sold for the benefit of the non-profit organizations. The charities do not take possession of any vehicle.

    Since each case is different, it is best to consult your tax advisor for details. To learn more about the IRS regulations governing vehicle donations, click here.

    Can I donate a vehicle that hasn’t run in years?

    Yes, we are able to accept most vehicles running or not, even if they have been totaled. If you lost your title, most of the time we can still accept your car. If we need a title, we’ll explain how you can apply for a duplicate title. If you complete the online Car Donation Form. our towing agent will contact you within two business days to arrange pickup.

    How quickly will my car be picked up?

    After you complete the online Vehicle Donation Form. we send the information directly to our towing agent. They will call you either the same business day or the following business day. Need a rush pickup? Let us know and we will try to accomodate your request.

    Is there any cost to me?

    No, there is no cost to you. We pay all costs associated with towing and selling your vehicle.

    What do I need to do to make a donation?

    Click here to submit the Vehicle Donation Form electronically or call us Toll-free anytime at 1-877-227-7487. You will be contacted by the towing company within two business days.

    Contact Information:

    Donation Line, LLC

    Toll-free phone: 1-888-448-3345

    Fax: (860) 228-9037


    20/08/2017

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    Individual income tax forms and guides (Forms and guides – by


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    Individual income tax forms and guides

    If you are a New Zealand resident person who held, during the tax year, an attributing interest in a foreign investment fund (FIF) comprised of shares in a foreign company or units in a foreign unit trust and you elect to use the comparative value method to calculate your FIF income or loss, use this form for the calculation and complying with the disclosure requirements. Note that this form can only be used for income years ending prior to 31 March 2008.

    This form enables a person that has calculated foreign investment fund income or loss using the cost method to disclose the required information concerning their interests. The form does not include a worksheet for calculating FIF income or loss. You can use our foreign investment fund calculator under “Work it out”.

    This form enables a person that has calculated foreign investment fund income or loss using the comparative value method to disclose the required information about their interests. The form does not include a worksheet for calculating FIF income or loss. You can use our foreign investment fund calculator under “Work it out”.

    This form enables a person who has calculated foreign investment fund (FIF) income or loss using the fair dividend rate method to disclose the required information about their interests. The form does not include a worksheet for calculating FIF income or loss. You can use our foreign investment fund calculator – go to “Work it out”.

    This factsheet gives you a general overview of the GST rules that apply when you buy or sell land.

    This factsheet tells you what to do if you’re leaving New Zealand and want to file a tax return before the end of the tax year.

    If you are a New Zealand resident person who held, during the tax year, an attributing interest in 10 or more foreign investment funds (FIF) comprised of shares in a foreign company or units in a foreign unit trust and you elect to use the comparative value method to calculate your FIF income or loss, use this form for the calculation and complying with the disclosure requirements. Note that this form can only be used for income years ending prior to 31 March 2008.

    This guide explains who is a New Zealand resident for tax purposes. The tax residence rules are different from the New Zealand immigration residency rules.

    This guide will help non-residents complete their income tax return – IR3NR, and help determine who qualifies as a non-resident for tax purposes. This guide is for the 2007 income year.


    18/08/2017

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    Jackson Law #tax #attorney #raleigh #nc


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    A Refreshing Approach to a Real Estate Closing

    Purchase closings | Refinance closings | Buyer Seller Representation | Contract drafting and review | Estate Planning

    Consistently smooth closings by skilled real estate attorneys. We represent home buyers in Raleigh, Cary, Apex, Holly Springs, Wake Forest and Durham. Our primary focus is on residential real estate, and we take pride in consistently delivering sound and effective legal representation to each of our clients. Our client base includes many of the Triangle s top real estate agents, builders, mortgage lenders, institutional and individual investors. Whether you need a home purchase closing or a loan refinance, you will find that we take a fresh and responsive approach to real estate law.

    Closing costs are the costs incurred on top of the negotiated contract price when purchasing a home or buying land from a seller. If you have found yourself wondering whether any of these costs are tax deductible, click the link to learn some helpful tips. read more

    Looking to diversify your portfolio? Adding real estate investments to your portfolio is a great way to protect your wealth from the volatility of the stock market. If you are a beginner and do not know whether you want to own property, buy shares in a real estate investment trust (REIT) or join a real estate investment group, click the link to learn some tips about investing in real estate. read more

    If you have not checked it out yet, click the link to view the advancement and expansion of Raleigh since 1984. After clicking the link, just type in Raleigh, NC in the search bar and watch as the satellite image takes you to Raleigh. The growth is incredible to view in slow motion. read more

    Get In Touch

    For more information or to schedule an appointment, please call or email at your convenience.

    This website may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting, or tax advice. You may wish to consult an attorney, tax adviser, or accountant regarding your specific situation. No representations are made as to the accuracy of the information contained herein or any information contained in any link provided herein. This website and the information contained therein is not intended to be a solicitation by Jackson Law, P.C. Please click on Disclaimer tab for full details.


    16/08/2017

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    DMB Financial, The Leader in Debt Settlement & Debt Relief #tax


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    You Want To Get Out Of Debt. We Can Show You How.

    You have debt.

    We have your best option.

    Your focus should be on paying off your debt quickly and at the lowest cost to you. By continuing to just pay your minimums, you’ll pay two or three times what you owe and it will take, on average, over 30 years to pay it back. An unsecured loan might help if you owe less than $25,000, but you’ll have a 30% interest rate and pay back twice what you borrow. Make the smart financial decision to restructure your debt based on terms you can afford and for less than what you currently owe.

    You have debt.

    We have your best option.

    Your focus should be on paying off your debt quickly and at the lowest cost to you. By continuing to just pay your minimums, you’ll pay two or three times what you owe and it will take, on average, over 30 years to pay it back. An unsecured loan might help if you owe less than $25,000, but you’ll have a 30% interest rate and pay back twice what you borrow. Make the smart financial decision to restructure your debt based on terms you can afford and for less than what you currently owe.

    You’re in good company

    Talk is cheap. Results are what matters. And, it’s why our clients refer us to their friends.

    If you have debt, you owe it to yourself to call DMB to see if debt settlement is right for you. We’re glad we did.

    DMB not only cleared up my debt, but helped me to understand the missteps that got me into debt!

    Real people who are there for you.

    Our experienced, friendly team is always working for you. Real people who’ve been doing this for more than a decade. A team who’s average tenure is over 5 years! In a world of technology and automation, it’s nice to know that you can connect with your dedicated representative whenever you have questions.

    You learn a lot helping over 25,000 manage more than $800 million of debt and you become a leader in the industry by putting your clients first. And, that’s what DMB does. Every day. We work for you, not the credit card companies, debt collectors or any lender. We work with you to help you take control of the debt that’s taken control of your life. Our programs are designed to help you create and stick with a plan that helps you achieve your goals. And, your dedicated client services representative will be by your side every step of the way.

    Getting real results for you.

    Having started in 2003, we’re one of the oldest and most respected debt relief companies in the country. We have an A+ rating with the Better Business Bureau and are an accredited member of the American Fair Credit Council. It is our charter and goal to help you take control of your debt and restructure it in a way that’s smart, fast and affordable. See what we’ve done for our clients recently……


    15/08/2017

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    California – s Tax Collection Agency Engulfed in Scandal #board #of


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    California s Tax Collection Agency Engulfed in Scandal

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    13/08/2017

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    Service on the Attorney General #tax #attorney #oakland #ca


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    Service on the Attorney General

    The following is an informational guide for the service of court filings upon the Attorney General. In most cases, service may be made at any one of the Attorney General’s offices listed below. However, there may be instances where service on the Attorney General must be made at the Sacramento office only or to the designated staff as listed here.

    Please check statutes applicable to your case to be sure you are serving the office at the appropriate location.

    Please note, the Attorney General has not agreed to electronic service of summons/complaints in civil cases per the Rule of Court and other applicable laws. In addition, the Attorney General has not agreed to receive service of summons/complaints in civil cases by facsimile.

    Please be aware, the Office of the Attorney General cannot advise you whether or not you are required to serve this Office under a specific statute. If you are unsure about the requirements of service, we suggest that you consult with private counsel.

    Laws Requiring Service on the Attorney General

    Data Security Breach: Civil Codes s. 1798.29(e) and s. 1798.82(e) – California law requires a business or state agency to notify any California resident whose unencrypted personal information, as defined, was acquired, or reasonably believed to have been acquired, by an unauthorized person. As of January 1, 2012, this law now requires a business or state agency to send an electronic sample of the breach notification sent to California residents, if the breach affected more than 500 residents. The sample should exclude any personally identifiable personal information.

    Public Law 109-2: Class Action Fairness Act (CAFA) – Requires parties who propose federal class action settlements to give notice of their proposed settlement to the U.S. Attorney General or appropriate federal official and “appropriate state officials.” If the defendant is not licensed by a state agency, the appropriate state official is the Attorney General (28 U.S.C. section 1715). Send the notice to the California Attorney General, by addressing it to:

    • CAFA Coordinator
    • Office of the Attorney General
    • Consumer Law Section
    • 455 Golden Gate Ave. Suite 11000
    • San Francisco, CA 94102

    Notice Regarding Bankruptcy: Debtor’s Store Closing or Going-Out-of-Business Sales 11 USC § 101 et seq. – To give notice to the California Attorney General of a motion or other bankruptcy proceeding that seeks authority for a debtor’s store closing or going-out-of-business sales, present service to:

    • Consumer Law Section, Attn: Bankruptcy Notices
    • California Attorney General’s Office
    • 455 Golden Gate Avenue, Suite 11000
    • San Francisco, CA 94102-7004

    Business Professions Code § 16750.2 – Requires service of notice on the AG within 3 days, if a violation of B P § 16700 et seq (Cartwright Act) is alleged or the application or construction of the chapter is in issue in any proceeding in the Supreme Court of California or a state court of appeal, by the person who commenced that proceeding.

    Business Professions Code § 17209 and 17536.5 – Requires the service of briefs and petitions on the Consumer Law Section of the Attorney General’s office in appellate matters involving the construction, application, or alleged violation of Business and Professions Code sections 17200 et seq. and 17500 et seq.

    NOTE: Please serve only appellate briefs and petitions; please do not serve records, appendices or other filings.

    • Appellate Coordinator
    • Office of the Attorney General
    • Consumer Law Section
    • 300 S. Spring Street
    • Los Angeles, CA 90013-1230

    Business Professions Code § 17508 – District Attorneys and City Attorneys sending advertising substantiation requests must provide a copy of the request to the Attorney General before sending it to the subject of the request. The request should be sent to:

    • 17508 Coordinator
    • Office of the Attorney General
    • Consumer Law Section
    • 455 Golden Gate Avenue, Suite 11000
    • San Francisco, CA 94102

    California Rules of Court 8.29(c) – Requires service on the AG when a statute’s constitutionality is questioned and when suit is brought against, or on behalf of, the state or a county, or when a state officer is sued in his/her official capacity.

    In January 2007, the California Rules of Court were reorganized and renumbered. The language of former rule 44.5 was renumbered as Rule 8.29.

    Civil Code § 51.1 – Mandatory service on State Solicitor General of each party’s brief or petition and brief in causes of action based on violation of specific civil rights statutes. This service is required in any proceeding in the California Supreme Court, a state court of appeal or the appellate division of a superior court (actions under the Unruh, Ralph or Bane Civil Rights Acts; an anti-boycott cause of action; an action for sexual harassment in business or professional relations; and a civil rights action by a district attorney).

    For service on the
    Attorney General:

    • Office of the Attorney General
    • 1300 I Street
    • Sacramento, CA 95814-2919
    • Phone: (916) 445-9555
    • Office of the Attorney General
    • P.O. Box 944255
    • Sacramento, CA 94244-2550
    • Office of the Attorney General
    • 455 Golden Gate Avenue, Suite 11000
    • San Francisco, CA 94102-7004
    • Phone: (415) 703-5500
    • Office of the Attorney General
    • 1515 Clay Street
    • Oakland, CA 94612-1499
    • Phone: (510) 622-2100
    • Office of the Attorney General
    • P.O. Box 70550
    • Oakland, CA 94612-0550
    • Office of the Attorney General
    • 2550 Mariposa Mall, Room 5090
    • Fresno, CA 93721-2271
    • Phone: (559) 477-1691
    • Office of the Attorney General
    • 300 South Spring Street
    • Los Angeles, CA 90013-1230
    • Phone: (213) 897-2000
    • Office of the Attorney General
    • 600 West Broadway, Suite 1800
    • San Diego, CA 92101-3702
    • Phone: (619) 738-9000
    • Office of the Attorney General
    • P.O. Box 85266-5299
    • San Diego, CA 92186-5266

    13/08/2017

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    Master of Laws in Taxation Law #masters #in #tax #law


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    Master of Laws in Taxation Law

    Program at a Glance

    Tax law has become an increasingly challenging area of practice in today’s complex and global regulatory environment, and Boston University School of Law’s Graduate Tax Program stands at the forefront of preparing lawyers to meet these challenges. In fact, BU Law is ranked #8 in the nation in tax law according to U.S. News World Report (2017 edition).

    BU Law’s renowned Graduate Tax Program, first established in 1959, is available through online instruction, enabling practitioners to receive either fundamental or advanced training in a convenient, accessible format. This 24-credit option provides the same rigorous and comprehensive course of study—and expert faculty—as BU Law’s traditional, residential Graduate Tax Program.

    The online Graduate Tax Program enables students to master not only the fundamental concepts of tax law, but also develop a thorough understanding of how complex tax issues are handled across a variety of practical settings.

    Professional Support for Students and Graduates of the LLM in Taxation

    At Boston University you can participate in personalized counseling sessions aimed to help you identify and achieve your professional goals. Each 45-minute session is tailored to your individual needs. All advisors are former practicing attorneys whose real-world experience can translate into real-world strategies for your career success. Session topics are yours to select and are not limited to the following:

    • Interview preparation;
    • Résumé optimization and formatting;
    • Professional etiquette and networking strategies;
    • Professional development tactics designed to promote career advancement.

    The tools and strategies provided in these one-on-one sessions are designed to enhance your professional standing in the practice. Available upon the successful completion of your first 12 credits, the sessions will be an important part of your overall BU Law education.

    Additional support includes:

    • Professional Development Guides
    • Online Job Database
    • Alumni Database and Networking
    • Tax Attorney Recruiting Event (TARE)

    Awards Accreditations

    #8, Best Law Schools, Tax Law, U.S. News World Report. 2017

    #2, LLM in Taxation, Best of the National Law Journal (2014 Edition)

    Why Choose BU’s Master of Laws in Taxation?

    • You ll benefit from a personalized course of study from a curriculum that blends practice and theory.
    • Your advanced law degree from BU is valued by a wide variety of employers: As of January 2015, over 92% of the Class of 2014 was fully employed: of this 92%, 35% were employed at accounting firms, 42% at law firms, 21% as in-house counsel, and 2% at government bodies. And they’re not just employed in New England: 46% of employed Class of 2014 graduates work in either the Mid-Atlantic, the West Coast, the Midwest, the South, or internationally.
    • This LLM program option is ideal for domestic and foreign-trained lawyers who seek to expand their expertise in tax law, and features:
      • Accessible and engaged faculty
      • Live sessions
      • Diverse course content offering a balance between fundamental tax law and specific tax law subjects
      • A top-ranked degree from a highly valued institution
    • The program provides:
      • A fundamental understanding of the practical application of tax theory
      • Enhanced knowledge of tax law to better serve clients and employers
      • Specialized training that can lead to an expanded client base
      • Intensive training in tax that can lead to a new direction in one’s legal
      • An advanced law degree that employers value

    Cost*

    Curriculum

    The 24-credit online curriculum may be completed in as few as two sessions of full-time study, or part time over the course of up to four years—a flexible arrangement designed for the schedules of busy professionals whose responsibilities preclude enrollment in our on-campus program. The online format allows students to begin the program in any of the three sessions—fall, spring, or summer.

    Courses

    In order to receive BU Law’s Master of Laws in Taxation, students enrolled in the fully online option must complete 24 credits of coursework.

    • All online students are expected to complete the degree requirements within four years.
    • Twenty-four (24) credits are required to complete the degree program.
    • Required courses include Federal Income Taxation I II, Tax Practice and Procedure, Partnership Tax I, and Introduction to Corporate Tax.
    • Requirements and prerequisites can be waived based on prior coursework.

    Admission

    Admissions standards to the online LLM in Taxation program option are the same as those for the traditional, residential option. Learn more about the admissions requirements for the Master of Laws (LLM) in Taxation program.


    09/08/2017

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    North Carolina Consumer Tax Laws #north #carolina #tax #attorney, #north #carolina


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    North Carolina Consumer Tax Laws

    A tax is a financial charge imposed by a government. Revenue from taxes generally goes to fund public services. There are various kinds of taxes, one of which is consumer taxes. Consumer taxes include things like retail sales tax, taxes on cigarettes and alcoholic beverages, gasoline tax, and other taxes related to specific goods. North Carolina consumer tax rates are relatively low for cigarettes (because more than 15 percent of North Carolina’s agricultural revenue comes from tobacco), while it has some of the highest liquor tax rates in the country.

    North Carolina’s consumer taxes are listed in the following chart. See FindLaw’s Tax Law section for additional articles and resources.

    North Carolina General States Code Section

    4.75% on retail sales of personal property, admissions to entertainment activities, contracts to repair personal property, and other transactions.

    Items subject to the state sales tax may also be charged a local sales tax that varies by county

    Aircraft and Boat Sales

    3% of the retail sale of a boat or aircraft (maximum tax of $1,500 per item)

    Motor Vehicle Lease and Rental Tax

    8% for a short-term rental lease (less than 365 days) and 3% for long-term lease (at least 365 days)

    45 cents per pack of twenty cigarettes

    37.5 cents per gallon

    • Beer 53.177 cents per gallon;
    • Wine 79 cents per liter unfortified;
    • Wine 29.34 per liter fortified;
    • Spirits 25% (retail)

    Scrap Tire Disposal Tax

    1% or 2% tax on the sale of new tires depending on the tire size

    White Goods Disposal Tax

    $3.00 for the disposal of refrigerators, water heaters, stoves, washing machines, and other similar domestic and commercial appliances. The tax is also applied to the purchase of new appliances.

    Solid Waste Disposal Tax

    $2.00 per ton of waste for municipal waste and construction and demolition debris in a landfill

    Note: State laws are constantly changing and it’s important to know your tax obligations to avoid any penalties or additional fees. For advice you may want contact a North Carolina tax law attorney or other financial professional.

    Research the Law

    North Carolina Consumer Tax Laws: Related Resources

    Get a Free Legal Evaluation of Your North Carolina Tax Obligations

    Consumer taxes, such as those on cigarettes and retail sales, typically are paid at the point of purchase without much fanfare. But if you have questions about use tax, solid waste disposal tax, or any of the taxes discussed above, you may need professional legal guidance. Get started today with a free review of your North Carolina consumer tax questions .


    08/08/2017

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    Philadelphia Tax Lawyers – Local Attorneys & Law Firms in Philadelphia,


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    Philadelphia Tax Lawyers, Attorneys and Law Firms – Pennsylvania

    Need help with a Tax matter?

    You’ve come to the right place. Whether you are a business or individual taxpayer in need of tax-related legal help, a tax lawyer can help.

    Tax lawyers can assist with understanding tax law and resolve tax liens, back taxes, tax debt recovery and relief, and IRS compliance issues.

    Use FindLaw to hire a local tax lawyer to help structure an offer and compromise, fight IRS collections, and assist with wage and garnishment releases.

    Need an attorney in Philadelphia, Pennsylvania?

    FindLaw’s Lawyer Directory is the largest online directory of attorneys. Browse more than one million listings, covering everything from criminal defense to personal injury to estate planning.

    Detailed law firm profiles have information like the firm’s area of law, office location, office hours, and payment options. Attorney profiles include the biography, education and training, and client recommendations of an attorney to help you decide who to hire.

    Use the contact form on the profiles to connect with a Philadelphia, Pennsylvania attorney for legal advice.

    How do I choose a lawyer?

    Consider the following:
    Comfort Level – Are you comfortable telling the lawyer personal information? Does the lawyer seem interested in solving your problem?
    Credentials – How long has the lawyer been in practice? Has the lawyer worked on other cases similar to yours?
    Cost – How are the lawyer’s fees structured – hourly or flat fee? Can the lawyer estimate the cost of your case?
    City – Is the lawyer’s office conveniently located?

    Not sure what questions to ask a lawyer?

    Here are a few to get you started:

    • How long have you been in practice?
    • How many cases like mine have you handled?
    • How often do you settle cases out of court?
    • What are your fees and costs?
    • What are the next steps?

    Want to check lawyer discipline?


    08/08/2017

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    Boston Tax Attorney, Massachusetts Tax Lawyer #tax #lawyer #boston


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    Sophisticated State, Federal and International Tax

    Planning…Audits…Appeals…Litigation

    Rick’s practice focuses on complex State, Federal and International Tax matters, including planning, audits, appeals and litigation. He serves businesses and individuals throughout the country, and works closely with accounting firms and financial firms whose clients need specialized expertise. His representation includes tax planning and controversy/litigation services, tax analysis and research, advising management on complex tax issues, analyzing proposed legislation and regulations, preparing memoranda with technical advice, and proposing creative solutions.

    Rick s deep U.S. and international business experience includes serving as General Counsel of two major multi national U.S. companies, Western Development Corporation (later known as The Mills Corporation), a national real estate developer of large shopping centers, and APCOA, Inc. then the world’s largest developer and owner of parking lots.

    Rick is formerly Chair of the Massachusetts Bar Association’s Taxation Section. and is Chair of its State Tax Practice Group. Rick was a featured Speaker on tax issues at the Massachusetts Bar Association Annual Conference. On a national level, Rick serves as a Member of the American Bar Association Advisory Panel, a group of lawyers that informs the ABA’s priorities and decisions, by providing opinions about the direction of the ABA and issues facing the legal profession. He also is a published author of taxation articles in legal publications, and is a frequent speaker at continuing legal and accounting education programs.

    He is admitted to the Bar in Massachusetts, Ohio, Pennsylvania, DC, and the U.S. Tax Court. He received his J.D. from the University of Pennsylvania Law School. and his B.S. in Mathematics (with Honors) from Lafayette College.

    Areas of Practice

    State, Federal and International Tax Matters Including:

    Lectures

    • What Tax Lawyers Need to Know About Advising Clients on Collecting Sales Tax for Internet Transactions, ExecSense Webinar, July 2010
    • Massachusetts Tax Developments, Featured Speaker at 2010 Massachusetts Bar Association Annual Meeting
    • U.S. Taxation of International Business Transactions, The McLane Law Firm s 4 part series: Going Global: The Intricacies of Conducting Business Internationally
    • The Nuts and Bolts of State Tax Nexus, 28th Annual New Hampshire Bar Association Tax Forum

    06/08/2017

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    Gilman Ciocia Tax and Financial Planning #how #long #to #save #tax


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    The Single Biggest Expense in your Lifetime

    Did you know your house is not the biggest expense of your lifetime. Neither is college for your kids. The biggest expense you ll ever face is income taxes. And the minute you start thinking about income taxes as an expense rather than just a fact of life is the moment you ll change your thinking about how you approach your taxes.

    Did you also know that 75% of Americans overpay their taxes each year. Depending on the year that can be over 100,000,000 taxpayers so the chances are pretty good that you are one of them.

    Mistakes can Cost Make you Money

    Second opinions – when it comes to our health we often seek out a second opinion and it should be no different with our money. Here is what a lot of people don’t know about their tax return: The IRS allows you to claim a refund up to 3 years from the date of your original return. At Gilman Ciocia, we offer a free review of your previous three years’ tax returns and you only get charged if we prepare a corrected or amended return.

    Filed an Extension?

    You’re not alone. Schedule an appointment online at the Gilman Ciocia office closest to you today!

    Convert your Traditional IRA to a Roth

    For 2010 and beyond, the $100,000 modified adjusted gross income (AGI) limit on converting a traditional IRA to a Roth IRA has been eliminated.

    That means you can convert any traditional IRA into a Roth IRA in 2010 regardless of your AGI and pay all of the taxes in 2010 or split the payment between 2011 and 2012. Make sure to speak with a Gilman Ciocia tax advisor regarding Roth IRA conversion opportunities and whether a Roth or Stretch IRA is right for you. Call 1-800-TAX-TEAM to find an advisor near you.

    Financial Planning takes Teamwork

    If you don’t have a plan for yourself, you’ll be part of someone else’s

    The wealthiest figured out long ago that the key to building and sustaining their wealth was passing it on to the next generation. Today, more than ever, this is true. The difference is that wealth management isn’t solely reserved for the wealthy.

    With Gilman Ciocia. you’ll have an entire team focused on your financial future. That’s right – an entire team – focused on implementing a sound, well thought out financial strategy to minimize your tax liabilities, maximize your investment returns and protect your families’ financial security.

    Print your online coupon now. Click the boxes below, fill out the form and hit submit.


    06/08/2017

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    Property Tax Protest #property, #tax, #taxes, #protest, #consulting, #reduction, #houston, #harris,


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    Property tax consultants

    Our mission is to keep your taxes as low as possible.We accomplish this by:

    • filing property tax protests
    • attending valuation hearings
    • preparing and filing renditions
    • checking for any missing exemptions
    • examining the accuracy of the tax roll
    • obtaining missing tax bills for clients

    With over 17 years experience in Property Tax Consulting and Real Estate Appraisal, Roberts Tax Appeals can efficiently and effectively handle all your property tax needs – for commercial, residential, and personal property.

    Hearings start end of April

    Although the deadline to protest account is May 31st every year for most properties, Harris County appraisal district starts scheduling hearings the last week of April.

    They have done this for the past several years. They even schedule hearings on accounts that have not yet been protested. If you are a potential new client, it is best to contact us before mid April to make sure that your hearing date is not already past.

    Our Staff

    Colleen Roberts has over 17 years of success in the property tax field. She has handled thousands of property tax hearings in Harris, Fort Bend, Galveston, Brazoria and other surrounding counties. Her experience includes preparing and handling appeals on all types of property including retail, warehouses, apartments, office buildings, vacant land, residential, and business personal property.

    Robin Woodward is our hearing specialist.

    Dennis Woodward handles invoicing and accounting for our firm.


    04/08/2017

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    Ripoff Report #strategic #tax #lawyers


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    Strategic Tax Lawyers took our money and put us in worse shape.

    As with many others we went to Strategic Tax Lawyers (mytaxattorney) because we had issues with the IRS. We trusted them to file a CNC and eventually file an OIC (offer in compromise).

    As far as we knew everything was going well.

    One day we received a letter from the IRS telling us we immediately owed them over $20k and that we were no longer in CNC. It turns out that our “lawyers” revoked their power of Attorney. This triggered us to be pulled out of CNC (currently non collection) status.

    When I asked Mr. Mobasserniaa why they revoked the power of attorney it was because they did not want to receive any more mail from the IRS and that this was something they normally do.

    This was a shock to us. First off revoking the Power of attorney, with no notice, is not only inexcusable it is unethical.

    So we hired an IRS Tax Professional. Within minutes (literally) they discovered problems with YEARS of taxes. Something Strategic Tax Attorneys should have seen within the first days of receiving our business (and what they were paid to do).

    What the Tax Professional discovered was that not only do we not owe anything, WE ARE GETTING A REFUND.

    There is a lien on the house that caused us so much stress that it ruined our marriage. Turns out we never had that debt. But the damage was done.

    Things they did not catch (that they were PAID to catch).

    • In 2009 there were no deductions taken out at all
    • We paid $8000 but it was not included in the return. When we talked to the IRS they told us that they had a check sitting there for us?
    • Although we paid for 2013 and 2014 returns, they were NOT filed. Strategic Tax Lawyers told me, and tried to show me, that they filed the taxes. The IRS told us that those years were NOT filed. AT ALL. So we paid for nothing
    • They filed a CNC and never intended to make an OIC. My Wife repeatedly inquired about this on MULTIPLE occasions and was put off and told that we had to wait. So many times that it became too late to file an OIC.
    • Making an Offer in Compromise
    • Getting us out of our IRS problems
    • Filing our taxes correctly

    None of those were carried out by Strategic Tax Lawyers. Even though they charged us for all of them.

    They mishandled tax information of their clients. We were emailed another persons’ tax forms and information.

    They took our money and did none of what they promised.

    This report was posted on Ripoff Report on 06/15/2016 06:26 PM and is a permanent record located here: http://www.ripoffreport.com/reports/strategic-tax-lawyers-llp/santa-monica-california-90401/strategic-tax-lawyers-llp-mytaxattorneycom-strategic-tax-lawyers-took-our-money-and-put-1311623. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

    Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

    Search for additional reports

    If you would like to see more Rip-off Reports on this company/individual, search here:

    In order to assure the best results in your search:

    • Keep the name short simple, and try different variations of the name.
    • Do not include “.com”, “S”, “Inc.”, “Corp”, or “LLC” at the end of the Company name.
    • Use only the first/main part of a name to get best results.
    • Only search one name at a time if Company has many AKA’s.

    Report Rebuttal

    Respond to this report!

    Are you an owner, employee or ex-employee with either negative or positive information about the company or individual, or can you provide “insider information” on this company?

    Are you also a victim of the same company or individual? Want Justice? File a Rip-off Report, help other consumers to be educated and don’t let them get away with it!

    Repair Your Reputation!

    Got Reports filed against you? Resolve the issues and rebuild trust through our Corporate Advocacy Program.

    Corporate Advocacy Program: The best way to manage and repair your business reputation. Hiding negative complaints is only a Band-Aid. Consumers want to see how businesses take care of business. All businesses will get complaints. How those businesses take care of those complaints is what separates good businesses from bad businesses.

    Remove Reports?
    No! Better yet! Arbitrate to set the record straight!

    SUBMITTED: Monday, June 27, 2016

    POSTED: Monday, June 27, 2016

    No other report in the history of your firm?

    1) You put us in a worse situation by revoking your Power of Attorney (with no notice to us) which triggered us being pulled out of CNC. So you put us in the same position we were in at the start. Now, however, they were demanding a $20k+ payment. So yes, worse.

    2) Mishandling of personal informaion: We were emailed the returns and tax informaion of another couple. We have the name of those people on file and will forward that information to the governing authorities that need to know.

    3) Our 2013 and 2014 taxes were NOT filed. The IRS (Internal Revenue Service) informed us that they were not filed. You can show me whatever you want but if the IRS says that they were not filed, then they were not filed. I can not say it plainly enough. You took our money to do our returns but the IRS has no record of that.

    4) I am not aware of ANY contact about an OIC. Perhaps you contacted a different client thinking it was us. That is the only explaination since you emailed us someone elses tax information.

    I don’t know what to tell you, we paid you a lot of money and have nothing to show for it. The new person we hired has fixed EVERYTHING. Not only that, they fixed it all in a matter of DAYS, not YEARS.

    Respond to this report!

    Are you an owner, employee or ex-employee with either negative or positive information about the company or individual, or can you provide “insider information” on this company?

    #2 REBUTTAL Owner of company

    Client is misrepresenting facts

    AUTHOR: Strategic Management – (USA)

    SUBMITTED: Thursday, June 23, 2016

    POSTED: Thursday, June 23, 2016

    Our commitment to integrity is paramount as is evidenced by no OTHER ripoff reports in the HISTORY of this firm. The purpose of this rebuttal is to address each and every one this individual s complaints:

    1.) We have done nothing This individual had an attorney with 20 years of experience deal with his tax issues for over 2 years. In that time, he became tax compliant, the IRS and the Franchise Tax Board, did NOT conduct any kind of involuntary collection against him, and he was put on Currently non-collectible status. Once on this status, he was not required to make ANY payments to the IRS. How he was put in a worse off position is perplexing.

    In addition, our firm routinely revokes everyone s power of attorney at the culmination of the case. It is not efficient and flat out wasteful to receive a past client s IRS notices once a case is completed. When the client stated that the IRS kicked him off currently non-collectible status, the firm, AS A COURTESY, offered to file a new power of attorney with the IRS to investigate. This individual refused and demanded a refund for 2 years of legal work.

    2.) Mishandling of personal information: This is the first time in the history of this law firm that we have been accused of this. This individual was asked to specify this accusation so that a more meaningful dialogue could be had, his only response was that he would report us to other governing authorities.

    3.) Tax returns not filed: All of the returns this individual contracted the firm to file were filed and proof of this was sent to him.

    4.) Offer In Compromise: A review of this individual s engagement agreement does not indicate anything regarding a promise to conduct an offer in compromise. Nevertheless, the firm spoke to him and his wife regarding filing an offer for them on 10/19/15, 8/14/14, and 7/28/14. Neither he nor his wife followed up with the steps necessary for them to complete the OIC submission.

    It is unfortunate that this individual feels this way and we wish him the best of luck in the future.

    Respond to this report!

    Are you an owner, employee or ex-employee with either negative or positive information about the company or individual, or can you provide “insider information” on this company?


    04/08/2017

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    Self-employed subcontractor tax deductions – TaxAid #self-employed #tax #deductions


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    Self-employed subcontractor tax deductions

    If you are a self-employed subcontractor, before you are first paid on a new job the contractor you are working for will ask you for your address and your Unique Tax Reference number (UTR). Your UTR is the 10 digit number HMRC gives to you when you register as self-employed. It will be shown on your tax return and on letters sent to you from HMRC. This information will be used to find you on HMRC s Construction Industy Scheme (CIS) system.

    Contractors use an on-line system to tell HMRC of the monthly payments they make to their subcontractors. Before the contractor is able to pay you for the first time they must use that system to check that you are registered for CIS (as well as being registered for self-employment). The HMRC system will look for your UTR on its list of registered subcontractors; it will then tell the employer what tax deduction to use. The options are:

    1. Payment after deduction of tax at 20% most ‘labour only’ subcontractors will have tax deducted at a flat rate of 20%. This means that HMRC has found your UTR on their list of CIS subcontractors
    2. Payment after deduction of tax at 30%. If 30% tax is deducted from your pay, this means either that you haven’t given your employer a UTR, or that HMRC couldn’t find your UTR on its list of registered subcontractors. In either case you should contact HMRC and make sure that you are correctly registered as self-employed and as a CIS subcontractor.
    3. Gross payment – That is no tax deducted. You can only be paid gross if you pass special tests including a minimum turnover test and a recent history of meeting all your tax obligations. Consequently this will only apply to larger subcontractors who have specifically asked HMRC to be paid without deduction of tax at source. Such subcontractors’ tax affairs are reviewed on an annual basis by HMRC to ensure that they continue to meet the requirements.

    TaxAid Tip

    If you have a registered both as self-employed and under CIS, but 30% tax is being deducted from your money, you should check with HMRC and your main contractor than your UTR number has been correctly recorded.


    03/08/2017

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    IRS gave bonuses to employees who owed back taxes #irs, #irs


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    IRS gave bonuses to employees who owed back taxes. And that s not all.

    So, where do you work? That’s a question Internal Revenue Service employees must dread. Besides the fact that nobody like paying taxes, the agency’s reputation has suffered in the past year because of accusations that it subjected applications for tax exempt status from tea party groups to greater scrutiny.

    But things got worse for the IRS yesterday.

    A report from the Treasury Inspector General for Tax Administration shows that between Oct. 1, 2010, and Dec. 31, 2012, the IRS paid $2.8 million in bonuses to employees cited in the past year for such things as drug use, making violent threats, fraudulently claiming unemployment benefits, misusing government credit cards and — get this — failing to pay their taxes.

    The report said more than 1,100 employees who failed to pay their taxes received discretionary awards of more than $1 million in cash bonuses and more than 10,000 hours in extra paid vacation.

    At least five employees received performance awards after being disciplined for intentionally under-reporting their tax liabilities for multiples years, paying taxes late and under-reporting income.

    Like many companies and government agencies, the IRS sweetens the deal for its employees by giving bonuses based on performance. But at the IRS, breaking the federal tax laws you were hired to enforce and running afoul of other agency rules aren’t considered relevant to performance-based awards.

    You have to do something really bad before the IRS will take conduct into account, bad enough to be suspended for 14 days or more. Even then, conduct is only deemed relevant to awards of permanent pay increases, not for bonuses or extra vacation time.

    None of this apparently violated federal guidelines or any internal policies related to rewarding employees.

    In fact, the agency cut performance-based payments beyond what was required by a 2011 federal policy instructing agencies to limit incentive payments to 2010 levels. Everyone who got an award received a performance rating of “fully successful” as required by federal guidelines.

    The IRS’s contract with the National Treasury Employees Union bars the agency from considering bad conduct when making performance-based awards. As for non-union employees, federal guidelines are silent on the subject.

    More than 2,800 employees out of 98,000 got performance-based awards within a year of disciplinary action.

    “While not specifically prohibited by IRS policies, providing awards to employees with conduct issues, especially the failure to pay taxes owed to the Federal Government, appears to be in conflict with the IRS’s charge of ensuring the integrity of the system of tax administration,” the report said. “In addition, awards provided to these employees could be put to better use by providing employees who are compliant additional opportunities for awards.”

    In response to the report, the IRS said it was in the process of developing a policy linking conduct to performance awards for executives and senior management and will consider extending such a policy to the entire workforce if possible, noting that such a change would be subject to union approval.

    NTEU President Colleen Kelley told USA Today that the union would review any proposed changes to its contract for the “relatively small number of employees who may have had some overlap between a performance award review period and a conduct issue.”

    If the IRS does adopt a policy tying conduct to performance-based awards, it will be among the first to do so it says. “Of the 15 federal and 13 state policies we examined, only one agency specifically prohibited granting an award if conduct issues were present,” the agency wrote in a letter to the Inspector General’s office.


    03/08/2017

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    Find A Tax Lawyer Near You – Lawyers and Attorneys at


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    Hiring a Family Law attorney for tax purposes

    Do you want to save on taxes and make sure that any investigation from the taxman comes up clean?

    Then it’s time to hire a family law attorney to take away the headache of taxes.

    Structuring property and business interests

    A prudent law attorney will advise on property purchase, business purchases and how to minimize tax for a family. Investment companies have their own interests at heart so you are unlikely to get impartial advice whereas the family law attorney will be aware of future implications for children’s education, wealth preservation or growing wealth and advise accordingly.They can advise on how to claim correctly for all business expenses and how to structure businesses to take advantage of tax incentives.

    Take advantage of tax rebates and credits

    A Whidbey Island family law attorney is up to date on relevant legislation to ensure you claim rebates and tax credits that are not widely advertised, like the calculation of income pursuant to Child Support or tax credits available to parents.

    Avoiding unequal tax in case of divorce

    In the case of a divorce a family law attorney will pay attention to the title when transferring assets to ensure parties do not get hit with tax ramifications and check that investment accounts holding securities, bonds and mutual funds will not be transferred in a way that results in unequal tax burdens on the parties involved – so neither party is unfairly disadvantaged by taxes in the event of a divorce.

    Alleviating tax burdens

    They can advise on implications for capital gains tax on kiddie investments among a host of other things like offshore accounts, trust funds and other means to avoid unnecessary taxes and ensure wealth preservation for your family.

    And if tax is a problem you have been avoiding, then a family law attorney will also negotiate on your behalf with the tax authorities to help resolve tax levies, liens, back taxes and debt relief.

    Tax Law is a complex system which encompasses the large body of laws governing taxation. It includes the payment of taxes to at least four different levels of government and many methods of taxation. Tax law is generated by the federal government, state government, as well as local government, which can include counties, cities, townships, districts, and other municipalities. Taxes are usually divided into two main classes: direct and indirect. Generally speaking, direct taxes are those assessed against income, land or real property like a storage Phoenix or Phoenix storage property, and personal property, which are paid directly to the government; whereas indirect taxes are assessed against articles of consumption, such as products or services, but collected by an intermediary, such as a retailer like Casa Grande Moving Boxes.

    Tax attorneys can represent taxpayers in Tax Court and help them understand the complicated and confusing aspects of tax law. They represent taxpayers at all stages of tax controversies, including audit, IRS administrative appeals, trial and appellate court review.

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    03/08/2017

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    National Tax Relief – Professional Tax Help for Small Businesses and


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    We Fix Tax Problems

    We understand the stress and uncertainty that one can feel when they get behind on their taxes. If you owe back taxes to the IRS (or State) and are ready to permanently resolve your tax debt – You have come to the right place! Our programs follow rules and procedures set up by the IRS to help people who cannot afford to pay back their debt to reduce or completely eliminate what they owe. If you need professional tax advice or help stopping IRS collection action against you or your business – We can help – Guaranteed!!

    We Assist Taxpayers in all 50 States and overseas!

    The experienced Tax Attorneys, Accountants and Enrolled Agents at National Tax Relief will help you find the tax solution that will work best for your specific situation. Whether you have just fallen behind on your taxes or have been struggling with the IRS for years, we will help you get back into tax compliance quickly and efficiently.

    Call us Toll Free today at: 888-282-4697

    Find out how our services and programs can help you. Our Tax Help Services are available Nationwide!

    Copyright 1998 – 2013, Watax, LLC – All Rights Reserved


    02/08/2017

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    How to Recycle Your Junk Car: 10 Steps (with Pictures) #junk


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    How to Recycle Your Junk Car

    Recycling your junk car is an environmentally conscious way to get cash and potentially a tax deduction. Automotive recycling is good for the environment: 86% of the materials from your car can be reused or recycled. [1] The process of recycling your car might seem overwhelming at first because there are so many options that promise great deals for your car. However, you should choose the option that provides the most environmentally friendly service in exchange for a fair rate and payoff.

    Steps Edit

    Part One of Two:
    Choosing a Car Recycling Service Edit

    Research three to five automotive recycling services in your area. The amount of car recycling options you have will vary greatly based on where you live. Conduct a web search for automotive recycling. Ask your mechanic which automotive recycling service they would most recommend. Look at user reviews of these services and find a few that seem professional and convenient.

    • You can also sell your own car part by part, but it is easier and safer to go through an alternative service. You would need to take the parts out of your own car or go through many different buyers. This process is a possibility, but not the safest or most efficient way to recycle your car.

    Research charities who will take your car. Some charities will take cars, sell them to automotive recycling services, use the money for charity, and then give you a tax deduction. Look at your state or country’s tax laws to get an idea of how much money you would be able to claim on your taxes. Seek the help of an accountant if you are confused.

    • Keep all documents from the recycling transaction in one place so that you can find them easily when it is time to do your taxes or you need to give them to your accountant.

    Look at the services the recycling services provide. Every car recycling service is different, but many of them will include services that make it easy for you to recycle your car and reap the benefits of doing so. Here are some services that car recycling services might provide:

    • Free quotes
    • Dealing with paperwork (transferring the title, registration, etc.)
    • Pickup
    • Cash vs. check payoff
    • Tax deductions (and help with that paperwork) [2]

    Make sure that the recycling service is accredited for its environmental practices. The Automotive Recyclers Association, an international organization that provides standards and best practices for recycling cars, gives out a Certified Automotive Recycler (CAR) certification to businesses that uphold their safety and environmental standards. [3] Contact potential car recycling services (or look on their websites) to see if they have this certification or perhaps another certification. You want to ensure that your car will be recycled well and in accordance with the best standards and practices.


    31/07/2017

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    Accounting For Your Future #afyf, #accounting #for #your #future, #accounting, #future,


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    Overdue Payments & Example Letters

    Many businesses dread dealing with customers who have outstanding accounts or unpaid bills. Sometimes these matters can be unavoidable, however, so it pays to have a clear system in place to deal with these situations. There are also steps that can be taken from the very beginning of a business transaction to avoid late payment. These include:

    • agreeing to the price at the quoting stage, including any interest or charges for late payment,
    • making sure payment terms are clear, and potentially offering first time or one off clients a shorter payment term,
    • conducting credit checks if necessary,
    • always invoicing on time, and
    • following up invoices with statements.

    To avoid spending valuable time and effort chasing late payments you should consider having collection letter templates ready to use and a timing process for sending each one already in place.

    As well as having a set policy in place it is also important to document everything, for example, when and what letters are sent, or outcomes of any phone conversations with the customer. These may become legal records later if you have to take action with a collection agency or solicitor.

    These letters should range from a friendly reminder to a final notice:

    1st letter short and friendly reminder, can be included on statement page
    2nd letter follow up to reminder, more direct and less cordial than the first
    3rd letter demand payment within 7 days or threaten legal action
    4th letter demand payment and state legal proceedings will be started by a certain date.

    Keep in mind that the goal of these letters should be to retain customer goodwill as well as to encourage prompt payment.

    If you do end up having to send a final notice to a client it is important that you don t make empty threats but be prepared to follow through with collection measures. Often a firm letter on solicitors letterhead will get more immediate results.

    Below are examples of outstanding account letters that can be downloaded for use and edited as required.


    30/07/2017

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    Ayala Insurance Service, Auto – Home – Life #phoenix #insurance, #phoenix


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    Welcome to Ayala Insurance

    Thank you for visiting our website for your insurance needs. We offer great rates on all of your coverage needs. Auto Insurance, Homeowners Renters Insurance, Motorcycles, Health, Life, Boats, RV’s, and more.

    Get your custom auto insurance quote in just 5 minutes!

    We’ve recently upgraded our online quote system! In our ongoing efforts to make managing your insurance needs easier, we have upgraded our quoting system here on the website. Live rates are presented on the website, and are sent to an agent for review follow up.

    Our agents will contact you to schedule an appointment once they receive your quote. If you prefer immediate action, simply dial the quote number above to be connected with someone who can assist you further.

    Need other kinds of insurance? We also do online quotes for Homeowner’s Renter’s Insurance. Motorcycle ATV Insurance. Boat Jet ski Insurance. If you still need other kinds of insurance, we’re just a phone call away.

    Great insurance companies, with great customer service

    At Ayala Insurance, our exceptional agents and customer service representatives work hard to get you the best possible coverage for your budget. Our goal is to make every customer a satisfied customer. We compare rates from many insurance companies to find the right fit for your specific situation. As an Independent Insurance Agency, we are able to compete very well against most rates out there. We take pride in finding better coverage at a lower cost to you.

    Get the auto insurance coverage that’s right for you

    Do you just need state minimum liability insurance? Full coverage? SR-22? Towing and Rental? Our agents will listen to your needs and help you find the perfect insurance product for you! With Ayala Insurance, you don’t need to worry about pushy agents trying to sell you coverage that you don’t want or need. We listen, and respond to your needs with a policy that fits.

    Bundle all of your insurance needs for incredible savings and discounts

    We offer a very wide range of insurance solutions for your convenience. From personal auto and homeowners insurance, to health and life insurance products. The more coverage we can bundle together for you, the better your rates will be! For you business owners out there, we offer just about any kind of insurance you need to keep your business assets protected. Commercial Package Policies, commercial auto and fleet auto policies, property, liability, group health insurance, and more! Ask an agent today.

    Ayala Insurance offers many convenient ways to get an insurance quote

    You can call or come by any of our offices, anytime. If you prefer, you may also Email us. or complete one of our online insurance quotes for the insurance product that fits your needs. Whatever is most convenient for you! Ayala Insurance Service makes it easy to get a great quote, purchase, and manage your policy.

    Copyright 2009-2014 Ayala Insurance Service, LLC. All Rights Reserved.
    3550 W Glendale Ave Phoenix, Arizona 85051

    Ayala Insurance, and the road curving left into the sun are Trademarks of Ayala Insurance Service, LLC.


    26/07/2017

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    Corporate Attorney Salary #corporate #tax #attorney


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    Corporate Attorney Salary

    Job Description for Corporate Attorney

    Corporate lawyers can serve as advisers to business executives, or they may represent a corporation in court. They draft business contracts and amendments. They are involved in various matters, such as company’s mergers, employee benefits, and corporate compliance. They also handle human resources issues and represent their companies when they are sued by employees. They work on behalf of their employers in matters pertaining to patent infringement and customers’ lawsuits. They negotiate and draft license service agreements and buyer/seller agreements.

    Employers usually require that candidates have a bachelor’s degree and a law degree. Some employers require that corporate lawyers have commensurate work experience prior to joining their company. Corporate lawyers must have superior interpersonal and leadership skills. They must have excellent oral and written communications skills. They must have good presentation and speaking skills. They must be able to work independently, as well as in a team environment. They must be ethical and accountable. They must have computer skills. They must be able to use computer programs relevant to their job. They must have strong analytical skills. They must have the ability to maintain strong working relationships with both external and internal clients. They must be familiar with Microsoft Office.

    Corporate lawyers are often required to travel to their corporate offices, their company’s clients, and vendors’ sites. They must read professional journals that pertain to their field. They must keep themselves up to date with government laws and regulations relevant to their field. They attend various meetings and conferences.

    Corporate Attorney Tasks

    • Advise clients in business transactions, claim liablility, advisability of prosecuting or defending lawsuits or legal rights and obligations.
    • Select jurors, argue motions, meet with judges and question witnesses during the course of a trial.
    • Represent clients in court or before government agencies, present and summarize cases to judges and juries.
    • Gather evidence to formulate defense or to initiate legal actions; evaluate findings and develop strategies and arguments for presentation of cases.
    • Analyze and interpret laws, rulings and regulations with probable case outcomes for individuals and businesses.

    Common Career Paths for Corporate Attorney


    22/07/2017

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    Tax Arrears Settlements for VAT #how #to #negotiate #tax #debt


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    Negotiating Tax Arrears Settlements for Substantial VAT/PAYE Liabilities

    We tend to think about tax disputes regarding the inevitable legal action that will be taken to reclaim significant PAYE or VAT arrears liabilities ; but in reality, the court room process is just one aspect of a dispute with HMRC. By the time the process reaches this stage, it is likely the dispute will have been rumbling on for months, and in some cases even years, with a number of opportunities missed to reach a satisfactory conclusion.

    The stress of a legal case on a business owner should not be underestimated. If the case cannot be won i.e. you cannot prove that HMRC has miscalculated the VAT and PAYE liabilities, the best strategy to remove this stress and worry is to try and reach a negotiated repayment schedule.

    In this article, we’ll take a look at a few of the best ways to negotiate a tax settlement with HMRC over a tax debt. We’ve helped companies negotiate settlements with HMRC for unpaid VAT and PAYE worth a combined £1.2million in the last two months, saving both companies from being wound up and rescuing 96 jobs. The point is we are in a position to offer advice.

    How to negotiate a tax debt with HMRC

    In the past, HMRC inspectors were given discretion to assist small business taxpayers who were struggling to pay VAT and PAYE liabilities and reach a sensible conclusion. Sadly, this is no longer the case. A recent survey of tax professionals at 25 companies found that less than a quarter were able to resolve a dispute with HMRC through discussion and settlement. In general, HMRC is now less flexible and pragmatic.

    However, as we have found in recent months, it is still possible to negotiate settlements for significant VAT and PAYE liabilities, but understanding exactly what HMRC expects from settlement negotiations really does pay.

    My experience tells me the vast majority of directors, and sometimes even experienced accountants are operating out of their comfort zone when it comes to negotiating significant VAT/PAYE arrears. By significant, for example, more than £250,000, this is for many reasons. Practically if the PAYE/VAT arrears are this size, then there will usually be a financial director involved, and they are under immense pressure and mistakes often occur simply due to stress.

    Often accountants have been left to manage HMRC in isolation which is unfair to the accountant and demonstrates the ignorance of the director. Inevitably when things go wrong, these situations result in finger pointing but there is one simple reality. One piece of advice I would give to every director and that is, remember who is accountable, not responsible for bad advice to a company. The law and HMRC are very clear on the matter – the director will be held accountable irrespective what errors have been made.

    New compensation rules for creditors come into force October 1st, 2015 allowing creditors to seek compensation from disqualified directors. My bet is HMRC will seek more disqualifications for mismanaged HMRC tax debts.

    If your business receives threatening letters from HMRC about tax arrears you are unable to repay, here’s what you should do:

    1. Try to negotiate a Time to Pay agreement

    If you’re unable to pay the tax liability upfront, organising a face-to-face meeting with a tax inspector to arrange a longer period to clear the debt should be your priority. If you are unable to arrange a face-to-face meeting, you should speak to the tax inspector on the phone.

    The basics of the negotiations are you will only get a maximum of twelve months t repay and very often far less than this. There are exceptions to this rule but they are extremely rare.

    You need to reach an agreement with HMRC on the amount of tax there is to be repaid and decide on a realistic period in which to do so. When considering the level of payments you can afford to make, you should also think about future tax payments, as they will also need to be made during this period. Do not overcommit your company irrespective of HMRC pressure to do so this will only adversely affect you later.

    The most common cause of a time to pay failure is not taking into account other due or recurring taxes. If a default occurs, HMRC will not take kindly to this and will often take legal action and wind the offending company up. You should help immediately on 08000 746 757 if this happens.

    You should prepare as much as possible for this meeting, and make sure you have any documents that might be relevant, including evidence of extenuating circumstances and tax debt forms. If you think HMRC has made any errors when calculating your tax debt, mention them during this meeting. You will also need to provide documentation as proof of any discrepancy.

    HMRC will also want to see proof that you can repay what you say you can – and just as importantly what you are doing to make sure the same problem does not happen in the future.

    It’s also worth noting that if you have made any errors you must raise them with the officer – do not hide any mistakes. The penalties will be increased dependent on the degree of complicity in covering up.

    You may meet a Field Officer who will also be assessing what assets you have – just in case. If the debt is over £100,000 then they will need to refer the matter to their HMRC superior usually a manager.

    2. Negotiate a settlement

    If your Time to Pay proposals are refused, negotiating a settlement is your next best option. In this meeting, you will be quizzed about the company in detail, so you should be prepared to respond to questions relating to the company’s financial status, legal organisation, past tax debts and more.

    HMRC’s tax collectors can only act on the information they are given, so it’s important you divulge all the facts. No two businesses are the same, but HMRC is advised to treat each organisation reasonably, so approaching this process in the right way will play a big part in achieving the right result.

    How we can help

    A lot of companies talk about negotiating settlements with HMRC for significant amounts of VAT/PAYE, but in reality, it’s something only a very select group of companies can do. The trouble is that some insolvency practitioners are more experienced at closing company’s not saving them, so negotiations are not within their comfort zone.

    At Company Debt.com, we have as much success with HMRC as anyone and better than the majority, and many have been threatened or even served with Winding Up Petitions. In the vast majority of cases, we were able to rescue 85% and negotiate settlements with HMRC.

    To discuss your VAT and PAYE arrears in confidence call 08000 746 757 for immediate help and advice – no strings attached. Any initial consultation is free of charge and could be the first step in resolving your tax debt problems.

    Click Below to Download Your Free Stressed Directors Guide

    15/07/2017

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    10 Ways to Settle Your IRS Tax Debts For Less Than


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    10 Ways to Settle Your IRS Tax Debts For Less Than What You Owe

    Do you Find dealing with the IRS frustrating, Intimidating and Time-consuming. You’re not alone.

    While taxpayers may always represent themselves in front of the IRS, many turn to professional tax help (specialized IRS Tax attorney s, CPAs, and Certified Tax Resolution Specialists) in order to maximize their chances of winning a tax settlement while minimizing their contact with the IRS agents. Owing the Internal Revenue Service (IRS) money is intimidating to most people. The IRS has the power to garnish your wages, seize your assets and place a lien on your property in order to obtain the money that you owe them. However, these actions can be prevented by communicating promptly with the IRS about your situation. The IRS is usually willing to work with taxpayers, and there are several options available so that you may resolve your debt issues.

    Another Interesting Read:

    As a creditor, the Internal Revenue Service carries the weight of the federal government behind it. In addition to having extensive methods to collect on outstanding tax debt, the IRS also can be extremely patient. As long as the IRS knows it is going to get paid someday, it can wait until you are in a better financial position to pay. Of course, the longer you take to pay your tax debt, the more you will owe.

    10 Ways to Settle Your IRS Tax Debt

    1. Installment Agreement:

    A monthly payment plan for paying off the IRS. If you think you are a victim of a fraudulent investment scheme (“Ponzi” Scheme), where you have lost all or most of your investment, you may be eligible to take advantage the United States Tax Code (law) to recoup 30% to 40% of your losses. This highly technical and complex process can help you reduce taxes paid in previous years resulting in refund with interest.

    What are the different types of Installment Agreements?

    2. Partial payment installment agreement:

    A fairly new debt management program where you have a long term payment plan to pay off the IRS at a reduced dollar amount.Much like a monthly credit card payment, IRS payment plans allow you to pay off your unpaid back taxes in installments instead of all at once. A well-qualified tax debt attorney or Certified Tax Resolution Specialist will negotiate the lowest possible monthly payment for your needs.

    3. Offer in Compromise :

    A program where you can settle your tax debts for less than what you owe. Requires making a lump sum or short term payment plan to pay off the IRS at a reduced dollar amount.If you owe the IRS more than you can afford to pay, this could be the plan for you. Essentially, an Offer in Compromise gives you the opportunity to pay a small amount as a full and final payment. If you qualify for the Offer in Compromise program, you can save thousands of dollars in taxes, penalties and interest.

    4. Not currently collectible:

    A program where the IRS voluntarily agrees not to collect on the tax debt for a year or so. Currently Not Collectible means that a taxpayer has no ability to pay his or her tax debts. The IRS can declare a taxpayer currently not collectible, after the IRS receives evidence that a taxpayer has no ability to pay. This is a useful tool because you can file for a collection appeal to stop an IRS levy, lien, seizure or the denial or termination of an installment agreement. The collection appeal gives you the opportunity to explain how you think the situation could be solved without the IRS levy or seizure .

    5. Lower Your Debt With Credit Card Debt Settlement:

    There are two methods of credit card debt consolidation. through a credit card debt settlement company or on your own. Credit card debt settlement companies should be avoided. They collect your payments for months before making a settlement offer if they make an offer at all. Meanwhile, you continue receiving collection calls and negative payment marks on your credit report. You ll get better and faster results settling debts on your own.Final credit card debt settlement agreements should be in writing. Either draft an agreement of your own or have your credit card company send you an agreement. Make sure you and someone from your credit card company have both signed the agreement before you send payment.

    6. File bankruptcy:

    Income tax debts may be eligible for discharge under Chapter 7 or Chapter 13 of the Bankruptcy Code. Filing for bankruptcy is one of five ways to Tax Debt Relief. but you should consider bankruptcy only if you meet the requirements for discharging your taxes. Chapter 7 provides for full discharge of allowable debts. Chapter 13 provides a payment plan to repay some debts, with the remainder of debts discharged

    There s no secret sauce in paying off tax debts. These are the only five ways of getting out from under the IRS aggressive debt collection tactics. If a tax pro promises you that you can save pennies on the dollar through an offer in compromise, that person is probably more interested in selling you something you don t need instead of focusing on your unique financial situation and determining what the best course of action is for you.

    7. Release Wage Garnishments .

    When you owe Uncle Sam money, the IRS can levy your wages, salary, or federal payments until the levy is released, your tax debt has been fully paid off, or the time expires for legally collecting the tax. There’s room here to bargain for a release or modification to the garnishment if you don’t have enough money to survive with the levy.

    8. Stop the IRS from Levying Your Bank Account.

    The IRS can issue a bank levy to take your cash in savings and checking accounts to collect back taxes. When the IRS levies a bank account, the bank is required to remove whatever amount is available in your account that day (up to the amount of the IRS levy ) and send it to the IRS in 21 days unless notified otherwise by the IRS. Part of the process of resolving your IRS debt is obtain a release of the levy from the IRS.

    9. Innocent Spouse Relief.

    If you happen to inherit your spouse’s IRS tax problems. you have an escape route. If you can prove that your circumstances fit within the IRS guidelines for innocent spouse tax relief. you may not be subject to the taxes caused by your spouse or ex-spouse.

    10. Pay Attention to the Expiration of the Statue of Limitations.

    The IRS has 10 years from the date of assessment (usually close to the filing date) to collect all taxes, penalties and interest from you. An expert tax attorney, tax CPA or tax resolution specialist can help resolve your back taxes and IRS problems by just by advising and strategizing with you to wait out the 10 year expiration date.

    This is a useful tool because you can file for a collection appeal to stop an IRS levy, lien, seizure or the denial or termination of an installment agreement. The collection appeal gives you the opportunity to explain how you think the situation could be solved without the IRS levy or seizure.

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    13/07/2017

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    Highest Tax Saving Bank Fixed Deposit Rates 80C – May 2017


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    Highest Tax Saving Bank Fixed Deposit Rates U/S 80C May 2017

    Highest Tax Saving Bank Fixed Deposit Rates 80C May 2017

    Tax Saving Fixed Deposits one of the most popular way to save taxes u/s 80C of income tax. These are like normal Fixed Deposit with banks but is labeled as “Tax Saving FD” while making the deposit.

    Why you Should Invest?

    1. Convenient to invest. ICICI Bank, SBI, HDFC Bank, etc offers online facility for Tax Saving FD
    2. Redemption on maturity comes directly to your bank account
    3. High Safety FD up to Rs 1 Lakh is insured

    Why you Should Not Invest?

    1. There are lot of competing products like EPF, PPF, ELSS to exaust the investment of Rs 1.5 Lakh u/s 80C
    2. The interest earned is taxable
    3. Cannot be withdrawn prematurely
    4. Cannot be pledged to secure loan or as security

    Tax Saving Fixed Deposit Interest Rate

    Bandhan Bank and Bank of India have reduced their interest rates (compared to last month) on tax Saving FDs.

    Also State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore have merged with State Bank of India effective April 1, 2017.

    As of May 1, 2017 banks are offering 6.00% 7.50% for general public and 7.00% 8.00% for Senior Citizens.

    1. The best Tax Saving Fixed Deposit Interest offered is 7.50% for General Public byThe Ratnakar Bank
    2. The best Senior citizens Tax Saving Fixed Deposit Interest offered is 8.00% by The Ratnakar Bank

    The table below lists the banks in alphabetical order with their respective interest rate offer on Tax Saving FDs for General and Senior Citizens.

    The highest Interest Rates have been highlighted :

    Taxation TDS Tax Saving Fixed Deposits:

    The interest received on tax Saving Fixed Deposit is fully taxable. The interest income is considered as income from other sources for Tax filing and taxed at marginal tax rates applicable.

    TDS would be deducted at the rate of 10% of the interest paid, if the interest paid exceeds Rs 10,000 in a financial year. You can see the same in Form 26AS .

    In case your income does not exceed taxable slab and so want to avoid TDS, you can submit Form 15G or 15H when making the deposit. You would also need to submit the form at the start of every financial year to the concerned bank branch.

    Key Points – Tax Saving FD:

    Below are some of points to keep in mind while investing in Tax Saving Deposits:

    1. As the Tax Saving FD scheme was introduced in Budget of 2006, it s also known as Tax Saving Deposit scheme 2006 (Notification Number 203/2006 and SO1220 (E) dated 28/07/2006)
    2. Most of the banks accept deposit of 5 Years only. However there are banks with deposit tenures of more than 5 Years
    3. You can deposit on either Single or Joint name. However benefit of tax deduction is available for first holder only.
    4. Most banks offer interest rate which is similar to their 5 years term deposits. Only a few banks give slightly higher interest rate for their Tax Saving Fixed Deposits
    5. Most banks give Senior citizens and their staff members additional interest of 0.25% to 0.5%
    6. Depositor can opt for either cumulative or non-cumulative way of crediting periodical interest
    7. Don’t be mislead by banks advertisements about their yield on Tax Saving FDs. Those are manipulative calculations
    8. Be cautious of small co-operative banks as they have higher risk than bigger private and public sector banks
    9. Depositor gets benefit U/s.80C of the Income Tax Act. 1961
    10. Minimum deposit is Rs.100 and in multiples thereof
    11. Maximum deposit in a Financial Year Rs.1,50,000/- [i.e. 1st April to 31st March of the following calendar year]
    12. Deposits cannot be withdrawn prematurely
    13. Deposits cannot be pledged to secure loan or as security

    Disclaimer:We have tried to keep interest rates up to date, but as these change frequently you are advised to check with the bank before investing. Also it would be great if you can point out any errors through comments or email!

    Direct link for Interest Rates on FDs of Banks:

    Below is the direct link for Interest Rates of Major Banks. You might want to check the interest rates before doing your FD.


    10/07/2017

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    Foreclosure and deficiency judgments #foreclosure #tax #forgiveness


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    Law News

    Foreclosure and deficiency judgments

    One sign of a terrible economy, to me, is how many times per week I discuss with a client how foreclosure works. Clients are worried about foreclosure, but they are especially fearful that the foreclosing lender will obtaining a deficiency judgment against them. If you check any real estate advice website like Trulia. there are many, many people asking about the effects of foreclosure and how deficiency judgments work. (Update: Illinois courts are now entering deficiency judgments routinely on first mortgages. This post discusses the increase in deficiency judgments.) Here’s how deficiency judgments work in Illinois:

    Are deficiency judgments allowed in Illinois?

    What is a deficiency judgment?

    If a property is foreclosed, it is sold at a sheriff’s sale. If the property owner owed $100,000 on his mortgage when he was foreclosed, and the property is sold at the sheriff’s sale for $80,000, then the lender can get a deficiency judgment for $20,000.00. This means a court order is entered saying that the owner owes the lender $20,000.00. (As discussed below, obtaining a judgment and actually collecting the judgment are two different things.)

    When is a deficiency judgment entered?

    Usually, the deficiency judgment is requested in the foreclosure complaint. The judgment is entered at the foreclosure sale confirmation hearing after the sheriff’s sale at the end of the foreclosure.

    Can the lender get a deficiency judgment if I was served by publication in the foreclosure?

    No. You have to be personally served by the sheriff or process server. The lender cannot get a deficiency judgment if you were served by publication (as many homeowners are). Another way to get a deficiency judgment entered against you is if you file an “appearance” in the foreclosure case.

    What are the chances of the lender coming after me for a deficiency judgment?

    If the property was your primary residence, the chances are slim (my estimate, totally unsupported by facts or statistics, is 5%) that a deficiency judgment will be entered. Very few deficiency judgments are being entered in Cook County according to attorneys I know who practice in the foreclosure area. If the foreclosed property was investment property ,or the mortgage was held by a small local lender, then the chances of a deficiency judgment increase greatly.

    What can the lender take from me if they get a deficiency judgment?

    A deficiency judgment is like any other judgment that is entered for an unpaid medical bill or unpaid credit card. After the judgment is entered, the judgment holder serves you with a “citation to discover assets” and you have to go to court and produce a copy of your tax return and a list of your assets. They use this information to garnish your wages or to take any non-exempt assets from you to pay the judgment.

    What assets are exempt from collection after a deficiency judgment?

    These items are exempt from judgment: Life insurance, 401ks, IRAs, $15,000 in equity in a house ($30,000 for a married couple). If your house is titled as Tenancy by the Entirety (married couples and primary residence only) and provided the judgment is only against one, not both, of a married couple, then the entire house would be exempt. Since we are talking about a foreclosure, it is unlikely that the judgment debtor will even have a house to worry about. 85% of wages are exempt from garnishment too.

    How can I get rid of a deficiency judgment?

    The only way to get rid of a deficiency judgment is to file a chapter 7 or chapter 13 bankruptcy. A chapter 7 wipes it out altogether. In a chapter 13, it is partially repaid.

    Can’t I just give my other assets to my relative to hold for me?

    You can gift assets to a relative. But any transfer to a relative or anyone else that is not “for value” can be undone as a fraudulent transfer. Transfers to relatives are especially suspect. In addition, there is the risk that your relative will not repay you or may get divorced or file his or her own bankruptcy.

    If my lender does not ask for a deficiency judgment in the foreclosure, can my lender file suit against me for a deficiency judgment after the foreclosure?

    Yes, Illinois law specifically allows a lender to file suit against a borrower after a foreclosure as a separate collection lawsuit. With first mortgages, this is very rare and most likely will not happen, unless the lender is a small bank or the property was not your primary residence. Some lenders holding foreclosed second mortgages (especially Citibank and Wells Fargo) now hand over the loans to collection agencies to file a separate lawsuit against the homeowner for breach of contract. Read more about that here .

    Can my lender file suit against me for a deficiency judgment after I sell my house in a short sale?

    Yes. The best practice is to negotiate a “no deficiency” provision in your short sale. If you can’t get that from the lender, then you will have to wait it out and hope that the lender does not ask for a deficiency judgment in the future. Most likely they will not pursue the borrower, but you never know for sure.

    If I deed my property back to my lender in a “deed in lieu of foreclosure” can my lender get a deficiency judgment against me later?

    No. The lender cannot get a deficiency judgment. Unfortunately, a deed in lieu of foreclosure is kind of the equivalent of a unicorn; one doesn’t exactly show up in your back yard every day.

    How long is a deficiency judgment last?

    A judgment in Illinois is valid for 7 years from the date it is entered.

    I’ve heard that in a foreclosure my lender can 1099 me for “forgiveness of debt.” Can they 1099 me and get a deficiencyjudgment against me too?

    Usually, if a lender 1099s you, the lender will not seek a deficiency judgment. This is just how lenders operate, not the law. By law, the lender must issue a 1099 after a foreclosure or short sale. The issuance of the 1099 does not mean that the debt is erased by the lender. It just means that the forgiven debt is taxable to you.

    If the lender 1099s you and later seeks a deficiency judgment, the lender would have to issue a revised 1099, that s all. So the issuance of a 1099 does not bar a deficiency judgment. Technically, the lender can 1099 you AND file for a deficiency judgment. You have to keep in mind that the lender could still get a deficiency judgment after a 1099 is issued. The only sure elimination of both the 1099 and deficiency judgment is to file bankruptcy before the 1099 is issued.

    There are several cases that deal with this topic: In re Zaika, a PA bankruptcy court case and AmTrust v. Fossett in AZ are a couple that summarize the law.

    If the foreclosed property was your primary residence,then you have no income from the 1099 by law under the Mortgage Debt Forgiveness Act. If the property was not your primary residence, then you will have phantom income from the 1099 to deal with.

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    My home is currently in foreclosure in IL. We are planning to move to our 2nd home in Tn (we ve own for the last 8 years, alot more affordable), and file bankruptcy 90 days there after. Would we still be able to claim the mortgage forgiveness act on the foreclosed home, and claim a homestead exemption on the one that we would be living in?

    Tracey, Sorry to hear about the foreclosure. If the IL home is your primary residence you would qualify under the Mortgage Debt Foregiveness Act and the 1099 that s issued can be neutralized by filing form 982, and you will be fine. As far as filing bankruptcy in another state, and claiming an exemption on that home, the requirements for residency and the housing exemption vary from state to state an depend on several factors. Tom

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    08/07/2017

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    Alliance Payroll Services #alliance #payroll #services, #applicant #tracking, #payroll #processing, #tax


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    One Online System, One Solution

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    Single Database vs. Single Sign On

    Alliance Payroll Services invests heavily in the best technology to deliver a better user experience. Unlike Single Sign On systems, our online system houses all employee data in a single database. Because of this, data changes are recognized across all active modules so that you never need to enter the data twice. Additionally, you can run cross module and EIN reports with just a few clicks on your keyboard.

    • Eliminate errors that occur when entering, or importing data, from several different systems.
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    SSAE 16 Audited

    Being a responsible protector of employee data is a mission critical operation. To help ensure we are taking all necessary measures to protect data, we undergo an annual SSAE 16 Audit. We are happy to provide you with a copy of our most recent audit which covers all operational systems and controls in place to protect your data.

    We understand that the user experience is best defined by our clients, not a team of programmers locked up in a darkroom with a whiteboard. As an Alliance Payroll Services client you become a part of our development team. We created an Ideas Community that allows everyone of our over 7500 system users to have a voice in how our system features are updated.

    When a user feels a feature needs to be added or improved they go to our Ideas Community. Once in the Ideas Community they can post, research, and vote on ideas they want enhanced. Users can have conversations with other users. Since 2009 over 95% of all system updates have originated in our Ideas Community.


    14/06/2017

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    State of Delaware – Division of Revenue – Services for the


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    State of Delaware – Search and Services/Information

    Franchise Taxes

    Corporations incorporated in Delaware but not conducting business in Delaware are not subject to corporate income tax, [30 Del.C, Section 1902(b)(6)] but do have to pay Franchise Tax administered by the Delaware Department of State.

    Any corporation that is incorporated in Delaware (regardless of where you conduct business) must file an Annual Franchise Tax Report and pay Franchise Tax for the privilege of incorporating in Delaware.

    Franchise Taxes and annual Reports are due no later than March 1st of each year.

    An annual Franchise Tax Notification is mailed directly to the corporation’s registered agent. Blank Franchise Tax Returns are not available. The Delaware Division of Corporations will require all Annual Franchise Tax Reports and alternative entity taxes to be filed electronically.

    All corporations incorporated in the State of Delaware are required to file an Annual Report and to pay a franchise tax. Exempt domestic corporations do not pay a tax but must file an Annual Report. The Annual Report filing fee for all other domestic corporations is $50.00 plus taxes due upon filing of the Annual Report. Taxes and Annual Reports are to be received no later than March 1st of each year. The minimum tax is $75.00 for corporations using the Authorized Shares method and a minimum tax of $350.00 for corporations using the Assumed Par Value Capital Method. All corporations using either method will have a maximum tax of $180,000.00. Taxpayers owing $5,000.00 or more pay estimated taxes in quarterly installments with 40% due June 1, 20% due by September 1, 20% due by December 1, and the remainder due March 1. The penalty for not filing a completed Annual Report on or before March 1st is $125.00 Interest at 1.5% per month is applied to any unpaid tax balance.

    Although Limited Partnerships, Limited Liability Companies and General Partnerships formed in the State of Delaware do not file an Annual Report, they are required to pay an annual tax of $250.00. Taxes for these entities are due on or before June 1st of each year. Penalty for non-payment or late payment is $200.00. Interest accrues on the tax and penalty at the rate of 1.5% per month.

    For more detailed information and an incorporating package, please contact:

    The Delaware Department of State
    Division of Corporations
    PO Box 898, Dover, Delaware 19903
    (302) 739-3073
    Website: www.corp.delaware.gov

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    13/06/2017

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    Tax Topics – Topic 511 Business Travel Expenses #flight #tickets #booking

    #business travel
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    Topic 511 – Business Travel Expenses

    Travel expenses are the ordinary and necessary expenses of traveling away from home for your business, profession or job. Generally, employees deduct these expenses by using Form 2106 (PDF), Employee Business Expenses . or Form 2106-EZ (PDF), Unreimbursed Employee Business Expenses . and Form 1040, Schedule A (PDF), Itemized Deductions . You cannot deduct expenses that are lavish or extravagant or that are for personal purposes.

    You are traveling away from home if your duties require you to be away from the general area of your tax home for a period substantially longer than an ordinary day’s work, and you need to get sleep or rest to meet the demands of your work while away.

    Generally, your tax home is the entire city or general area where your main place of business or work is located, regardless of where you maintain your family home. For example, you live with your family in Chicago but work in Milwaukee where you stay in a hotel and eat in restaurants. You return to Chicago every weekend. You may not deduct any of your travel, meals or lodging in Milwaukee because that is your tax home. Your travel on weekends to your family home in Chicago is not for your work, so these expenses are also not deductible. If you regularly work in more than one place, your tax home is the general area where your main place of business or work is located.

    In determining your main place of business, take into account the length of time you normally need to spend at each location for business purposes, the degree of business activity in each area, and the relative significance of the financial return from each area. However, the most important consideration is the length of time you spend at each location.

    You can deduct travel expenses paid or incurred in connection with a temporary work assignment away from home. However, you cannot deduct travel expenses paid in connection with an indefinite work assignment. Any work assignment in excess of one year is considered indefinite. Also, you may not deduct travel expenses at a work location if you realistically expect that you will work there for more than one year, whether or not you actually work there that long. If you realistically expect to work at a temporary location for one year or less, and the expectation changes so that at some point you realistically expect to work there for more than one year, travel expenses become nondeductible when your expectation changes.

    You may deduct travel expenses, including meals and lodging you incurred in looking for a new job in your present trade or business. You may not deduct these expenses if you had them while looking for work in a new trade or business or while looking for work for the first time. If you are unemployed and there is a substantial break between the time of your past work and your looking for new work, you may not deduct these expenses, even if the new work is in the same trade or business as your previous work. Refer to Publication 529. Miscellaneous Deductions .

    Travel expenses for conventions are deductible if you can show that your attendance benefits your trade or business. Special rules apply to conventions held outside the North American area.

    Deductible travel expenses while away from home include, but are not limited to the costs of:

    1. Travel by airplane, train, bus or car between your home and your business destination. (If you are provided with a ticket or you are riding free as a result of a frequent traveler or similar program, your cost is zero.)
    2. Using your car while at your business destination. You can deduct actual expenses or the standard mileage rate, as well as business-related tolls and parking fees. If you rent a car, you can deduct only the business-use portion for the expenses.
    3. Fares for taxis or other types of transportation between the airport or train station and your hotel, the hotel and the work location, and from one customer to another, or from one place of business to another.
    4. Meals and lodging.
    5. Tips you pay for services related to any of these expenses.
    6. Dry cleaning and laundry.
    7. Business calls while on your business trip (This includes business communications by fax machine or other communication devices).
    8. Other similar ordinary and necessary expenses related to your business travel (These expenses might include transportation to and from a business meal, public stenographer’s fees, computer rental fees, and operating and maintaining a house trailer).
    9. Shipping of baggage, and sample or display material between your regular and temporary work locations.

    Instead of keeping records of your meal expenses and deducting the actual cost, you can generally use a standard meal allowance, which varies depending on where you travel. The deduction for business meals is generally limited to 50% of the unreimbursed cost.

    If you are an employee, your allowable travel expenses are figured on Form 2106 or Form 2106-EZ. Your allowable unreimbursed expenses are carried from Form 2106 or Form 2106-EZ to Form 1040, Schedule A (PDF), and are subject to a limit based on 2% of adjusted gross income. Refer to Topic 508 for information on the 2% limit. If you do not itemize your deductions, you cannot deduct these expenses. If you are self-employed, you can deduct travel expenses on Form 1040, Schedule C (PDF), Profit or Loss From Business . or Form 1040, Schedule C-EZ (PDF), Net Profit From Business . or if you are a farmer, on Form 1040, Schedule F (PDF), Profit or Loss From Farming .

    If you are a member of the National Guard or military reserve, you may be able to claim a deduction for unreimbursed travel expenses paid in connection with the performance of services as a reservist that reduces your adjusted gross income rather than an itemized deduction on Form 1040, Schedule A This travel must be overnight and more than 100 miles from your home. Expenses must be ordinary and necessary. This deduction is limited to the regular federal per diem rate (for lodging, meals and incidental expenses) and the standard mileage rate (for car expenses) plus any parking fees, ferry fees and tolls. Claim these expenses on Form 2106 or Form 2106-EZ and carry them to the appropriate line on Form 1040. Expenses in excess of the limit can be claimed only as an itemized deduction on Form 1040, Schedule A.

    Good records are essential. Refer to Topic 305 for information on recordkeeping. For more information on these and other travel expenses, refer to Publication 463. Travel, Entertainment, Gift, and Car Expenses .

    Page Last Reviewed or Updated: March 05, 2015





    31/03/2017

    Posted In: NEWS

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