Tax Law
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19 ViewsComments Off on Tax-Loss Harvesting: How Your Investment Losses Can Work for You
in Tax LawTax-Loss Harvesting: How Your Investment Losses Can Work for You
23 ViewsComments Off on How and Why to Invest in Real Estate Using a Self-Directed IRA
in Tax LawHow and Why to Invest in Real Estate Using a Self-Directed IRA
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Comments Off on 7 Questions to Ask before Hiring a Tax Lawyer
in Tax Law7 Questions to Ask before Hiring a Tax Lawyer
Tax attorneys can assist you in resolving a tax dispute or in preventing one. Knowing what to search for will help you find the best lawyer for your requirements. Tax lawyers are legal experts who assist with tax preparation and represent clients before the IRS. They are among the top resources for assistance with tax […] More
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19 ViewsComments Off on Cryptocurrency – Taxing NFTs
in Tax LawCryptocurrency – Taxing NFTs
In the world of state and local taxes, new and unique things occasionally appear. In fact, these do not conform to the established conceptual frameworks and regulations. Sales tax systems that historically applied primarily to sales of tangible items. Now they have been completely upended by the supply of digital books and other media in […] More
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17 ViewsComments Off on How FDI Adds Value to Supply Chains
in Tax LawHow FDI Adds Value to Supply Chains
Businesses, governments, and people were all put to the test during the Pandemic. Simultaneous supply and demand shocks also had a significant negative influence on global value chains. GVC included links between firms through trade, investment, people, information flows, and technology. It helped many developing countries increase productivity growth and change their structural economies. GVCs […] More
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19 ViewsComments Off on Top 12 Questions Entrepreneurs Have About Business Taxes
in Tax LawTop 12 Questions Entrepreneurs Have About Business Taxes
Business taxes can be complicated, and it is not unusual for entrepreneurs to have several questions related to them. After all, there are a number of taxes that must be paid at different times of the year, which complicates a lot of business matters. Since it is important to understand the complicated tax regulations and […] More
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18 ViewsComments Off on Understanding Tax Credits for Businesses and Individuals
in Tax LawUnderstanding Tax Credits for Businesses and Individuals
Taxpayers can deduct a certain amount from their tax liability through a tax credit. Tax credits, as opposed to deductions, reduce the tax owing rather than only the taxable income. Individuals and businesses in specified regions, classifications, or industries may be eligible for various tax credits. It is our goal to help you get a […] More
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27 ViewsComments Off on Understanding Tax Accounting and Year-Round Tax Maintenance
in Tax LawUnderstanding Tax Accounting and Year-Round Tax Maintenance
Accounting for tax purposes is a significant subject. The demand for tax accountants will not diminish. Even though accounting software is now available to assist consumers in handling their finances. So, understanding tax accounting and year-round tax maintenance is essential for everyone. As a specialist activity, you can’t ignore tax accounting. Regardless of the organization’s […] More
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30 ViewsComments Off on Fraud – Continuing to Pull Back the Curtain on Federal Relief Abuses
in Tax LawFraud – Continuing to Pull Back the Curtain on Federal Relief Abuses
The last two years saw one of the biggest frauds in U.S history. Recording a theft of more than $80 billion dollars intended to help those affected by the Covid-19 Pandemic. Almost 10 percent of the 800 billion dollar fund given out for the Paycheck Protection Program or PPP under the COVID relief plan was […] More
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33 ViewsComments Off on State Taxation and Incentives for Crypto Mining
in Tax LawState Taxation and Incentives for Crypto Mining
Crypto mining has become one of many recent technological advancements due to the cryptocurrency boom. Numerous governments have taken the lead in encouraging these enterprises from a tax and regulatory viewpoint. Many governments are grappling with new concerns related to crypto mining. And this article will focus on how a state may encourage the establishment […] More
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22 ViewsComments Off on What To Do If Your Tax Records Are a Mess?
in Tax LawWhat To Do If Your Tax Records Are a Mess?
Most people believe that the pace of work for tax professionals slows down after Tax Day. But the pace accelerates. And one of the reasons is the mistakes that sometimes happen due to your tax records being a mess when you file your tax return. You might get a revised 1099 in the mail following […] More
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45 ViewsComments Off on The 5 Biggest Misconceptions about ERC
in Tax LawThe 5 Biggest Misconceptions about ERC
Businesses across the country have yet to evaluate the 2021 Employee Retention Credit (ERC). Or have assumed that they are ineligible. As a result, a substantial sum of money is still being paid to the federal government when it could be spent on businesses in need. The maximum ERC amount in 2021 was $7,000 per […] More
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79 ViewsComments Off on The Difference between Money Laundering, Tax Evasion, and Tax Fraud
in Tax LawThe Difference between Money Laundering, Tax Evasion, and Tax Fraud
Tax fraud, tax evasion, and money laundering can seem similar, if not the same, to laypeople. As a result, they assume the legal penalty for all three offenses is the same. But that’s not true. Although tax fraud, evasion, and money laundering fall under the umbrella of tax abuse, they are not one tax crime […] More
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27 ViewsComments Off on How Federal and State Governments Prove Willful Tax Evasion
in Tax LawHow Federal and State Governments Prove Willful Tax Evasion
There is a thin line between tax avoidance and tax evasion. Tax avoidance is when an individual deliberately plans their tax payments to lower their tax bills and avail maximum benefits. On the other hand, willful tax evasion is when individuals escape paying the taxes they owe by unlawful means. Such as hiding their real […] More