by George Simpson | Dec 27, 2017 | Business News
Gifts from Foreigners: Are they Taxable? One of the most misunderstood tax issues is whether you will be taxed for inheritance or gifts received from non-resident alien relatives. The simple answer is gifts and bequests are not taxable, since the gift giver is not...
by George Simpson | Nov 28, 2017 | Business News
Tax Rates for 2017 As we approach the conclusion of 2017, holiday season and taxes are probably the three most prevalent subjects on the minds of most people. Therefore, we believe providing you information concerning 2017 taxes may provide you a better picture...
by George Simpson | Oct 25, 2017 | Business News
How to Legally Reduce Your Tax Liability Your Solution Is Effective Tax Planning Tax planning entails arranging your affairs in a tax-efficient manner to ensure you take advantage of all tax law provisions that can reduce your tax bill. This means deferring or...
by George Simpson | Sep 27, 2017 | Business News
How to Conduct Yourself During an IRS Audit You are about to experience a full-blown audit on a recent tax return. How will you conduct yourself? Here are some essential guidelines. Procure professional help: Get yourself represented by an enrolled agent, CPA or a tax...
by George Simpson | Aug 30, 2017 | Business News
Small Business Owners: If You Are Audited, Will You Be Ready? If you own a small business and itemize deductions, you run a greater risk of being audited. Yes, the odds still remain remote, but not as slim as those not self-employed. A smart business owner is always...
