Financial Advisor

Last year American taxpayers received a hefty $328 billion in income tax refunds with the average refund around $3,000. It’s not difficult to see why the IRS loves for you to send them more money than you owe. And it’s fun to get a refund. But in exchange for the average refund, you give up control of $250 a month for an entire year. That’s $250 take-home.

You’re in control

The IRS does not prescribe “hard and fast” withholding rules. Their guiding principle is “pay as you go”. Self-employed individuals estimate and pay taxes quarterly. Employees file a Form W-4 on which they try to approximate a withhold number. But neither withholding nor quarterly estimate amounts are dictated as are the Social Security and Medicare taxes.

So you’re in control. However, if you end the year owing the IRS money you could be assessed a penalty. Continue reading ‘Withholding Tax: Increase Your Net Pay by Managing Your W-4’ »

Incoming search terms:

• how to increase your net pay
• how to increase net pay
• 99 on your tax withholding
• claiming 99 exemptions on w4 additional amount
• claim 99 on w4 does social secuirty tax stop too
• can you input 99 in your tax withholding
• can you claim 99 on one paycheck per year
• calculat net increase in pay
• 99 witholdings
• w4 claiming 99 withholdings

Cost Segregation is a hidden jewel in which the IRS gives you, the property owner; an opportunity to maximize the return on your investment. Cost Segregation has been around since JFK signed it into law to help stimulate the economy back in 1963. Then in 2008, it was extended to go back five years instead of two, as part of the stimulus plan. That expired in September 2010; all property owners should be looking into Cost Segregation, because you can still go back two years to recapture over paid taxes.

A cost segregation study will identify items that can be properly classified as tangible personal property or land improvements; rather than real property that is depreciated over 27.5 or 39 years. The resulting tax benefits begin in the quarter the study is complete and continue throughout the depreciable life of the identified assets. Most fortune 500 companies use this in their tax strategy. Continue reading ‘Lower Your Taxes!’ »

Incoming search terms:

• maxwell ryan divorce
• financial advisor commission on engineering cost segregation
• how does the irs know depreciation

Subpart F rules limit deferral of foreign income by owners of foreign corporations. Earnings of a foreign corporation owned by U.S. taxpayer(s) are generally not subject to taxes in the USA until remitted. This general rule is subject to several anti-deferral regimes, including Subpart F. U.S. shareholders (generally U.S. persons owning 10% or more of the vote) of a controlled foreign corporation (CFC) must include in their income currently certain types of income earned by the CFC, under the provisions of Subpart F. These inclusions are accompanied by a deemed-paid credit for corporate shareholders that operates identically to the deemed-paid credit for dividends. A Subpart F inclusion, however, is not a qualified dividend eligible for the reduced 15% tax rate. Continue reading ‘US International Tax Planning: Subpart F Branch Rule Causes Inclusions for CFC Shareholders’ »

Incoming search terms:

• subpart f branch rules
• branch rule
• us subpart f rules
• branch rules subpart f
• subpart f sales branch rules
• subpart f income temporary difference
• subpart f manufacturing branch test
• subpart f sales brach rules
• tax planning for individuals CFCs
• US finance branch tax

If you have offshore financial activity, the Internal Revenue Service (IRS) asks that you come forward with voluntary disclosure of this information. Taxes are required to be paid on the activity and coming to the IRS voluntarily eases much of the pain on both sides to get the taxes paid and the matter closed. This is done through the Offshore Voluntary Disclosure Program that the IRS offers each year. Yet, many choose to not participate with dire consequences once the IRS begins to examine them.

Detailed Examination
Whether you participate in the Offshore Voluntary Disclosure Program or not, you will have your offshore financial activity looked at. The difference is how the IRS approaches it. It can be extremely in depth when you try to avoid letting the IRS know of your financial activity. Continue reading ‘Results of Avoiding the Offshore Voluntary Disclosure Program’ »

Incoming search terms:

• how do i avoid filing olunary disclosure

In this article we are going to focus on the core issue which is how to set up an offshore banking account. Setting up an such a bank account is a piece of cake and there are complete and detailed procedures available to help out the user in opening a bank account in no time and very little headache. All that needs to be done is to decide firstly if you are indeed wanting to open an account offshore. Many people open an offshore bank account for the wrong reasons and this means that they will not get the satisfaction they desire. They expect to get a high interest rate and when they do not see this happening they become dissatisfied. Continue reading ‘How To Setup An Offshore Banking Account’ »

Incoming search terms:

• offshore banking blog
• how to set up an offshore bank account
• how to set up an overseas bank account
• how to setup an offshore bank account?
• how to setup an offshore bank account
• how to set up overseas bank account
• how to set up offshore bank account
• HOW TO SET UP AM OFFSHORE ACCOUNT
• how to set up a offshore account
• how do set up an off shore account

In the past couple of years, bad debts and theft losses have become almost commonplace. Years ago we rarely ever saw a bad debt or theft loss on a tax return. But today, between the economy, fraudulent investments, and failing businesses, these debts are everywhere.

To understand how to deduct these bad debts you need to understand the differences between debts that can happen on an individual tax return and those that can happen on a business tax return. Let’s look at individual first. Continue reading ‘Understanding Bad Debt and How to Claim It On Your Taxes’ »

Incoming search terms:

• are debts from a failed business tax deductible
• bad debt attempt to collect tax
• Bad debt theft
• can you claim bad debt to a charity?
• Can you write off bad business loans on your taxes
• how to claim a bad loan debt to a business on your taxes
• loss failed business investment taxes
• theft bad debt taxes