TAX BLOG ONLINE
Why do you need an IRS tax lawyer?
IRS is a government agency of United States responsible for tax collection and tax enforcement. IRS has many weapons to collect tax debt from you and thus can devastate your personal and financial life. They use intimidating notices, levies, garnishments, federal tax liens and many such other penalties to collect your tax debt. To protect your job, your home and of course yourself from this IRS arsenal, you need a tax lawyer on your side.
IRS tax lawyer will help you to get rid away of your IRS tax debt and will provide you relief that you deserve. They will help you in solving your IRS tax dilemma and reducing your IRS tax debt. You may land up in a situation where you are overpaying your tax liabilities either as a consequence of an improper IRS actions, or because you do not have an experienced and skilled tax lawyer. Be careful while choosing your IRS tax lawyer.
The best path for wealthy retirement
Who does not wish to retire wealthy and live its life to the fullest in the old age? There is a period sooner or later you might be looking towards with impressive expectation and also some anxiety: your old age. You can save your taxes today and can make your retirement life wealthy in the future. It is always recommended to start planning for your retirement now only. The more early you start your savings and investments, more wealth you are going to make for you & for your loved ones.
When it comes to saving taxes, being active is definitely the way to go. By playing your cards right, you can save for your retirement life while saving taxes today.
There are several ways to cut back your taxes and save it for your future life. You can boost your retirement savings by investing in following instruments.
Tax free shopping in United States- Shoppers paradise!
Tax free shopping- shopping without paying any tax. Doesn’t that sound exhilarating? Shopping is fun and if you can shop without digging deep into your pocket, it is like icing on the cake!
Did you know Louisiana was the first state in the U.S. to offer sales tax refunds to worldwide tourists? You will find “Louisiana Tax Free Shopping” in many popular retail stores such as Coach, Sam’s Club, Wal-Mart, Sears, The Gap, Gucci, J.C. Penney, Macy’s, Best Buy, Saks Fifth Avenue, etc. These retail stores will offer you everything right from electrical appliances and computers to elegant jewelries and handicraft items. Shopping at these retail stores these days is not just about grabbing a tax free bargain but about a captivating shopping experience that will enliven your mood!
United States offer tax free shopping at many of its retail outlets.
How To Deal With Social Security Tax
In 1930s, the United States Government started Social Security tax upon employers of the organizations and their employees. It refers to the disability, survivors and old-age insurance program. Social Security Act (1935) encompasses numerous social insurance and social welfare programs. The better known programs includes : – Supplementary Security Income, State Children’s Health Insurance Program, Health Insurance for aged and disabled, Temporary Assistance for Needy Families, Unemployment benefits, etc. If you are an employee, 6.2% of your wages is deducted and your employer deposits the deduction, along with its 6.2% duplicate share, with the government for the Social Security programs. 15,20,25,10,
If you work as an employee in the United States, you need to pay social security taxes. Your payments of social security taxes will contribute to your coverage under the U.S. social security system.
As you already know that filing a tax every season is the primary duty of every citizen but, what could be the consequences if you fail to pay it on time? Especially, when owe the government. Would you have to pay the penalty for your entire life?
We take tax filing seriously always; otherwise ‘Uncle Sam’ would be upset. We need to pay Uncle Sam’s share every year or else, pay huge penalty. What if you forget? Well, he has his own way to find it out. He will contact you with loads of penalties blended with troubles – with no escape at all!
Many individuals approach tax evaders and invite troubles. If you are caught conducting tax resistance discussion at your home, then it’s a very serious issue. It could cause lots of problems for lifetime, including prison for approx 3 years. When you challenge IRS’s power to collect tax from you, then you won’t be spared. Give this lesson to everybody. Paying taxes should be a part of your life. Taxes are universally applicable – every country and every state.