FOREX ARTICLES

TAXATION IN FINANCE

Introducing the Federal Tax Brackets
Introducing the Federal Tax Brackets
The first federal income tax statute stemmed from enacting the Revenue Act of 1861, which was passed by the Union government to help fund expenses related to Civil War. Then the second revenue was passed in 1862, which introduced two tax brackets: ...
Knowing Your Taxes
Knowing Your Taxes
Basically, everywhere there is tax. Ever pay day, a portion of your hard earned money goes to tax. When you buy goods and services, more often than not, there will be value added taxes. Owning a house means you have to pay taxes. Going to a museum ...
Lower Your Alternative Minimum Tax Like a Pro
Lower Your Alternative Minimum Tax Like a Pro
Income taxes are computed in two ways: using the standard tax system and the alternative minimum tax. The alternative minimum tax seeks to ensure taxpayers pay at least the minimal amount of income tax. Introduced in the late 1960s, the AMT exclud ...
Pointers on Selecting a Tax Preparer
Pointers on Selecting a Tax Preparer
If you are looking for a tax preparer, it is important to choose a skilled professional. This person should look into all of your eligible deductions and be less likely to commit mistakes on preparing your return. Many preparers can make themselve ...
Practice Tax-Efficient Investing to Optimize Returns
Practice Tax-Efficient Investing to Optimize Returns
How should an investor maximize the returns on his investments to achieve tax efficiency? Investors move away from market turmoil and seek refuge in safe-haven investments including bonds. When you put your capital into such assets, it i ...
Reducing Taxes on Severance Pay
Reducing Taxes on Severance Pay
In September 2011, the Hewlett-Packard Company ousted Léo Apotheker as its Chief Executive Officer after just 11 months on the post. His severance pay included $7.2 million to be paid out for more than 18 months, a $2.4 million bonus, over ...
Sidestep an Audit: Watch Out For These Warning Signals
Sidestep an Audit: Watch Out For These Warning Signals
Around 1% of Americans is expected to be audited this year and while most of the reasons behind these are random, some are initiated by the taxpayers themselves. Given these, here are a few 'red flags' to help you indicate whether you are ...
Sources of Non-Taxable Income
Sources of Non-Taxable Income
Corporate Income Generated in Five States. Certain states encourage companies to conduct their business in those places by not taxing corporate income. Nevada, South Dakota, Texas, Washington, and Wyoming levy no corporate taxes. It enabl ...
Tackling Greece`s Real Problem: Tax Escapists
Tackling Greece`s Real Problem: Tax Escapists
Two years ago, Greece had its third bailout since 2010 amid an impending departure from the Eurozone. The country was able to secure a loan worth 86B euros along with a number of requirements and conditions from creditors, which includes a task to ...
Tax Pointers for Unemployed People
Tax Pointers for Unemployed People
Unemployed for a long time? Worry no more. Let this article explain the four important tax tips for people like you. Compute Taxes before the End of the Year. Whether you cha ...
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