Ways Homeowners Can Save Money Through Taxes
Despite what some in the media and politics say, owning a home is still a great way to collect benefits through taxes. Regardless of your home-owning history, or lack thereof, the IRS has a list full of deductions which can save you money, which can make your investment much more favorable to renting. If a family […]
IRS Cracking Down on Identity Theft Related Tax Fraud
Hundreds of Americans are victimized by tax fraud when their identity is stolen. In these cases, stolen Social Security numbers are used by thieves to collect fraudulent tax returns. Now the IRS is promising aggressive action. 449,809 reported cases of tax fraud related to stolen identity occurred in 2012. In an alarming trend, this number […]
Facebook to Pay No Taxes, Instead Receive $429 Million Dollar Refund
Mark Zuckerberg’s once minuscule social network has now grown so large that it generated approximately $1.1 billion dollars in 2012, according to their annual report. What is surprising, is the lack of taxes owed and instead a refund to the tune of $429 million dollars. Part of the tax break came from Facebook going public last year; […]
Affordable Healthcare Changes to Taxes
Many people are unsure how the newly instituted government mandated healthcare will affect their tax situations. The Affordable Healthcare Act will soon be mandated by the IRS. Are you interested in what that means for you? Hopefully we can shed some light on this. Let’s start with New Medicare taxes. Virtually all employers remove 7.65% […]
