How To Stall IRS When It Collects Back Taxes? Back taxes are those which have been unpaid when due. Generally, it accumulates interest and penalties on a regular basis. A law of the tax becomes more and more complicated day by day. Many taxpayers are not able to pay the tax amount as it increases … Read more
Whether Your Legal Fees are Deductable From Tax The Internal Revenue Service (IRS) allows taxpayers whether individuals or companies to deduct legal fees in a certain situation. So the question is which type of legal fees can deductible from tax? Here are the guidelines were given which legal fees could be deducted as prescribed below. … Read more
What is the Limit for an Individual Retirement Account contribution? IRA stands for an Individual Retirement Account. Here we discuss on What is the Limit for an Individual Retirement Account contribution? It’s a part of a retirement plan which provides for the financial institutions in the United States (US). IRA provides tax advantages for the … Read more
SEP IRA Retirement Plan Rules The Simplified Employee Pension IRA is a retirement plan which is set up by the employers or self-employed individuals. Generally, it is the basic retirement plan option for the small businesses and provides benefits to owners as well as employees. A name Simplified Employee Pension Plan implies itself that its plan … Read more
Life Settlement Funds Risks and Reviews Investors are generally looking for new ways to get a return from different sources. Life settlement fund is some like this kind of source. It is a selling of existing life insurance policy to another person for cash value which is not equal to the death benefit but less … Read more