Does H1, L1 Tax Situation require Special Treatment? Can H1, L1 visa worker tax situation be treated like ordinary Tax Payers filing 1040 Tax Return or does it require any special treatment? Most of the popular tax software and tax consultants may treat H1, L1 1040 tax returns no different than ordinary US citizen Tax Returns. However, IRS regulation allows for special treatment in case of temporary workers in the US. There are specific...more
Offset corporate tax liability When companies are subjected to limited or complete tax liability it totally depends on the residence status. Company's statutory domiciles /places of organization are established in that specific area where the company is going to have complete tax liability, and in that case, over the globe income can be taxed. But when non resident company does business by a branch or any joint venture, its going to have...more
On the Net Tax Application Will Make Your Existence Much Easier Tax time is dreaded for many, many reasons. Most people dread finding out that they will have to pay any amount of money. Often, even those that are excited about the prospect of a refund dread actually getting the information together and doing their taxes, or getting it together to take to someone else to do and having to pay them for the service.Online Tax Software will make your life easier! Online tax software is like having a free tax professional at your service. It not only serves as a means of getting your tax information to the Internal Revenue Service, it actually speeds up the refund process and answers any questions you may have to ensure your taxes are done correctly and in a way that ensures you do not pay more than you owe, and that you get the full refund that may be available to you.Do Your Taxes at Your LeisureIf you are expecting a refund, you want it as soon as possible. It can be frustrating to take everything to a tax professional, and then have to wait until it is your turn in their long line of forms to fill out and submit. Online Tax Software eliminates all of that. You can complete and...more
Reasons Why Should Not Dread Tax Returns Whether you're a company or an individual, tax assessments often create a sense of worry and dread. A lot of people frequently put their tax returns off till the last minute and then panic and fret about the due dates and the way to fill it in correctly. Other people actually wait till the last...more
Reasons A Tax Payer Should Be Cognizant Of The Offer In Compromise In case you or somebody you are acquainted with owes money to the IRS, then you might know about offer in compromise. An offer in compromise is actually a contract between the IRS and tax payer, which settles a tax payers' financial debt for a sum less than what is owed. This...more
Choosing Domain Names for Tax Breaks People and businesses with tax problems are on the rise because off the recent recession and more are still to come because economic recession is and hopefully not always, will be a part of any economy. The government fortunately recognizes that situations arise wherein the capacity of an individual or business to pay their tax dues can suddenly drop or decline like what happens during recessions. The IRS and the treasury department offer an option called an OIC or offer in compromise.An offer in compromise is an agreement between a business or individual and the government wherein the business or individual can settle their unpaid taxes for a much smaller amount. The persons have to prove that they are incapable or for the long run will be incapable of paying their back taxes in the time frame provided by the Internal Revenue Service. There are many law firms that specialize in this service and are now vying for the thousands or millions of potential clients available. The internet is the fastest avenue towards getting these customers and these firms need to catch up with catchy, easy-to-use-and remember domain names to get the online...more
Week 15, NFL Power Rankings 1– New England Patriots (12-2): It wasn't the Pats' prettiest win, and they didn't dominate for the first time since Thanksgiving, but they got the W.2– Atlanta Falcons (12-2): Home against New Orleans next week...more
Getting nervous for not being able to complete filing your income tax return before the 15 April deadline? Then dont loose the opportunity to file your income Tax Extension 2009. Fill up the extension form online and get 6 month additional period for...more
Lee Byers British Offshore Tax Haven Update The UK has a number of tax havens associated with it – from Jersey and Guernsey in the Channel Islands to the Isle of Man and even Gibraltar. All are jurisdictions closely associated with...more
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If you're in formal employment, you then pay tax. Every tax season you go out in search of an expert who will help you with your taxes. A tax preparer is the title given to the skilled person that you hire to calculate your taxes. Tax preparers make...more