Don't pay more than your fair share of property taxes. Let O'Connor & Associates reduce your property tax . Oconnor & associates can represent you at the Denton county appraisal.Appealing Your Property Taxes in District Court By: Patrick O Connor About the Author Patrick C. O'Connor has been president of O'Connor & Associates since 1983 and is a recipient of the prestigious MAI designation from the Appraisal Institute. He is...more
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Many people are unaware of an inheritance tax exemption that could be saving families a fortune. The tax exemption is for military personnel who die as a result of injuries or diseases sustained while on military service. Even if they die years later and indirectly, the exemption still stands. This important, but little known, piece of wills and probate legislation applies to all servicemen and women including doctors, nurses, drivers and war correspondents. In order to qualify for the exemption it must be proved that they have died on active service, or that their death was related to, or hastened by, a wound, illness or injury contracted while on active service. The issue with this exemption is that it isn't automatically granted. Each case is reviewed individually, and medical advisers will need access to the deceased's full medical history when deciding whether to grant the inheritance tax exemption. There is no time limit for the exemption, but it must be proved that the death was caused, related to or hastened by active service. The advice for many is that planning in advance will help the application. Gathering evidence from GPs and specialists is much easier whilst the...more
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In Part I, we discussed the different tax brackets for the Regular Tax and for the Alternative Minimum Tax, as well as the AMT exemption. For 2009 for married couples filing jointly (MFJ) the AMT exemption was $70,950. In this article we will discuss the phase-out, or loss, of the exemption as taxable income exceeds a certain threshold level. For...more
If you earn more than £100,000, your tax code also allows for the income-related reduction to the Personal Allowance. If you earn more than £150,000 from your main source of income, tax is deducted at 50 per cent as appropriate. It may be that your tax may well need to be adjusted when your self assessment tax return is submitted so that gift aid or pension contributions are treated properly. Whatever your circumstance, if you are unsure whether or not you are on the right tax code, you should first contact your payroll department. If you have an accountant, they can check whether it is correct. Most of the time, codes are accurate but it's always worth checking to make sure.Am I On The Correct Tax Code? By: Ian Marlow About the Author Ian Marlow runs HFM, a London tax and accounting business serving clients both resident in, and outside, the UK. For more detailed tax information and access to their excellent free monthly tax newsletter, go to the HFM website => http://www.hfmtax.co.uk . (ArticlesBase SC #3466891) Article Source: http://www.articlesbase.com/ - Am I On The Correct Tax Code? more
Companies and individuals in California will want to plan ahead and take steps now to reduce their tax burden. If you are not sure how to go about doing this, it is wise to get help with this from a Certified Public Accountant who has experience in...more
Settling Bills Through Wage Garnishment and Tax AttorneyFor everybody who is struggling to settle the bills, and are generally absolutely ineffectual to pay more for a good expected private financial debt soon, make certain you be wary of wage...more
Avert Tax Challenges with an IRS Tax attorney at Your SideThe IRS tax attorneys can certainly avert the tax challenges within the point in which the predicament have not quite possibly happen to be reared. Seeing that an IRS tax attorney is familiar...more
Filing an extension does not have to be difficult. In fact, it can be quite simple. First, let's discuss what this means and what does not qualify as one. It is essentially a way to ask the IRS for more time to file your tax return. The deadline to...more
Choosing the right form to file is an important and often confusing step. You should use the simplest structure to suit your needs. This can save you money on your return and the IRS will be better able to process your tax return faster. So, where do...more
In every place where the authority deducts taxes from the income of residents, there is always a system. Some are more established and professional than others. Each of these systems operates based on certain principles that are determined by factors...more