Property ownership is complicated in many countries. Most folks can’t afford to purchase property outrightly, but it is easier to make periodic payments.
Countries with developed financial structures and secure financial institutions facilitate purchasing property. Most people acquire real estate through mortgage financing.
In making payments on your property, you might...
Tax relief is a policy or a program put in place to reduce the tax paid by businesses and individuals.
These programs are available to both individuals and businesses; however, the program one qualifies for depends on various factors, including their status with the IRS.
Do you have back taxes? Don't...
Times can be tricky. Especially after the Covid-19 pandemic, the cost of living skyrocketed, and this has seen many Americans struggle to make their ends meet.
Even with the government intervention, the situation has not been relieving to many. As a result, many citizens plunged into debt.
According to financial experts,...
President Abraham Lincoln did establish the IRS agency in 1862. The agency operates under the US Department of Treasury.
Its primary purpose is collecting individual and employment taxes. Other functions of the IRS are handling the estate, excise, gift, and corporate taxes.
There have been various reports that President Joe Biden...
The decision to specialize in tax or audit is one that many accounting professionals grapple with at some point in their careers. They are both critical services that accountants can provide to their clients.
Though they share some similarities, some key differences set them apart. And while both specialties have...
Tax garnishment involves the IRS sending legal injunctions to an employer to seize a portion of their employee's wage to appease a tax debt. This way, they can recover the said debt automatically.
The employer will be obligated to deduct a percentage of your wage every payday to cover the...
The cryptocurrency industry has had a spectacular year, surpassing $3 trillion in market cap in November 2021. Bitcoin and ether, two of the most popular cryptocurrencies, also reached new highs.
As a result of its widespread acceptance, policymakers have placed a greater emphasis on cryptocurrency regulation as well as taxes...
The Flexible Spending Arrangement, FSA is a unique savings account. The account allows the holder to enjoy specific tax exclusions that result in rollout tax savings.
The unique account arrangements are typically set up for an employee by their employer. With the special arrangements, if the employee fails to use...
