Tax Consultant

What Is A Deferred 1031 Tax Exchange?

A tax deferred exchange represents a simple, strategic method for selling one qualifying property and the subsequent acquisition of another qualifying property within a specific time frame. Although the logistics of selling one property and buying another are virtually identical to any standard sale and purchase scenario, an exchange is…
Tax Consultant

Tax Credits for Retirement Savings

It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering tax credits to change this for some of us. Tax Credits for Retirement Savings Social security is going to be under siege as baby boomers hit retirements. Fortunately,…
Tax Consultant

Income Tax Returns Your Accountant Should Not File

You’ve been feeling uneasy (perhaps even guilty) because you’ve failed to report your under the table business income. Perhaps you’ve never filed a tax return, even though you know you owe money. Finally, you contact an accountant to resolve the situation. Although it is commendable that you are trying to…
Tax Consultation

Tax Services For Individuals

The tax services that individual taxpayers need could be very complex at times because in addition to filing tax paperwork for income reporting purposes, the individual might have investments that need to be managed throughout the year. Low-income individuals will usually perform all tax services alone because the tax forms…
Tax Consultation

How Wealth Tax Is Better Than Income Tax

Wealth Tax Do you want to move money from the wealthy to the poor? Well, tax wealth. Wealth tax causes far less market distortion, and hence, much fairer than income tax. Wealth tax hurt productivity less. If you live in a capitalistic country, then your income is yours fairly. However,…
Tax Consultation

Tax Tips for IT Consultants and Contractors

I live and work, quite literally, down the road from the main Microsoft campus. No surprise, then, that I’m commonly asked by freelance consultants for free advice about how these self-employed independent contractors can minimize their income taxes. If I can, I try to weasel my way out of the…
Tax Consultant

Helping Working Families with the Earned Income Tax Credit

In the past, clients of NORWESCAP’s Family Self-Sufficiency program, have used the tax return they received through the Earned Income Tax Credit (EITC) for a down payment on a car, a security deposit on an apartment or to pay debts, said Penny Olson, the program’s director. For clients of Homeless…