With the surge in popularity of Bitcoin, Ethereum, and numerous other cryptocurrencies dominating the market or coming into existence, many investors are showing interest. There is a significant amount of money to be made – or perhaps lost – and everyone needs to pay their taxes. The relationship between digital...
In 2018, about 14 million Americans found themselves owing back taxes to the IRS. There are a number of ways that you can handle tax debt. Should you find yourself in a position where you can’t afford to pay your tax debt, you will need outside help. You could turn to...
As an internal body, IRS always makes decisions, either positive or negative. IRS depends on every piece of information to offer in compromise. Suppose you have an offer in compromise that doesn't belong to you. The IRS will automatically deny you an offer in compromise, but there are several other...
When you own a home, property taxes are considered an unavoidable expense. Most of the time, people find it challenging to pay their property tax even when there is no economic crisis or a major health issue at play. However, since COVID-19 entered the scene, many homeowners...
Fraud costs businesses and individuals across the world $5.127 trillion a year. There are many examples of fraud but a common one are fake pay stubs. Whether you’re a tenant or an employer, know what to look out for so you know these pay stubs are legitimate. Don’t know how to...
With the assistance of the Internet, many companies can easily generate relationships with potential customers across the globe. What that means is that sales could be generated from their home country or from anywhere in the world. These companies, referred to as transnational corporations or TNCs must,...
A tax lien is a law imposed on a property, and the government uses it to secure payment of taxes. It is the easiest way to maintain discipline among citizens and make them responsible. Many people question if one can purchase a house with a tax lien. Amazingly if the...
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...
In a recent announcement made by the ConDem government, they've indicated that they will make further developments in its current plans to make the UK a tax haven nation. Many multimillionaires from foreign countries prepare to react accordingly. There has been a shift in offshore investments...