This year, there are many federal income tax credits that can aid in the reduction of your tax burden; in that case, Tax credit decreases the total amount of your tax payments. Learn about the tax credits before April 18th and save thousands of dollar on your tax return.   Tax Credit for Families [...]

The majority of taxpayers believe that the US tax system needs further renovation. Year after year each American is feeling frustrated due to the tax complexities. It can be seen how the Presidential Candidate Ted Cruz started unrest when he mentioned the point regarding the 'Tax code'. He mentioned the fact that instead of the [...]

  The tax day is not so far and it is advised that taxpayers know the tax changes this year from the core before it gets late. Here are the most important Tax Changes that have or will be taken place this year; Tax Day Deadline The traditional Tax Day is April 15th but this [...]

    All Americans need to be informed about the basics of tax and why they can be examined by the IRS, which happens each year. Here's a guide to understanding tax examination and how to prepare for it; What can make you a Target? The IRS has a division of Global High Wealth Taxpayers [...]

A federal Tax lien is the claim made by the government against the taxpayer’s property when he/she fails to pay the total amount of tax debt. This tax lien is a protection for government in all the property you own. This property can be real estate, personal residences or any kind of financial assets. The [...]

    When Tax season approaches, paperwork and confusion become the hot topic. With new developments and changes presented by the IRS every year, this year seems tougher compared to the past years. Tax Help MD brings all taxpayers with hot details regarding tax return; Methods of Filing the Tax Return The IRS provides free [...]

It might be news for people who seldom outside US that you have to pay taxes back home even if you are working outside of US. Americans also move to other countries with the same reason. This issue of tax implementation even on expats is a major issue if they want to keep intact their [...]

2016 Fiscal Year The Large business and International Business Fiscal Year 2016 guide includes various progressive changes presented by IRS. The changes emphasize on: A Well trained and an organized workforce Better working opportunities The Feedback loop to be fairly integrated Abusive Tax Shelters There has been an introduction of an all-inclusive strategy by the [...]

The USA tax code heavily favors home ownership and real estate in many ways. The taxation laws in USA have a tendency to support some forms of incomes which can be considered as tax free income, one of which owns a real estate or a home. Section 280A (g) gives permission to a home owner [...]

The IRS Power Outage The IRS went under crucial circumstances due to a power outage, resulting in various computer system failures at well known tax agencies. The progress of the case has revealed that the power outage that lasted more than a day was caused by two hardware system failures. On February 3rd, 2016, an [...]