BUSINESS

When it comes to keeping good records for tax purposes, the general rule of thumb is: when in doubt, file it. But unwavering adherence to this rule can lead to an overwhelming mountain of financial statements. It doesn’t really matter whether your documents are digital or paper; the amount of space they eventually occupy can get to be too much.

There has been a lot of heated discussion about the Affordable Care Act (also known as the ACA or Obamacare) of late. And while it’s undeniable that it is a drastic change for the entire country, there has been a lot of inaccurate information floating around about the facts.

FATCA is a significant development in the IRS’ efforts to combat tax evasion through U.S. taxpayers holding investments in offshore accounts.

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AARP ha asumido como prioridad ayudar a los trabajadores de más edad a encontrar empleo

It’s that time of year again when income tax returns will soon be due to the Internal Revenue Service (IRS). Because identity theft typically increases during filing season, the IRS continues to alert consumers to be on the lookout for any suspicious e-mails containing the IRS name or logo.

In late December 2012 the U.S. economy was on the brink of the precipice and most citizens were unaware of the imminent risk of recession. To summarize briefly, at midnight on December 31st 2012 budget and tax measures included in the Budget Control Act of 2011 were scheduled to expire, creating a gap for funding various items of the Federal Budget. Fortunately, an agreement, subsequently endorsed in the House of Representatives, was reached in the Senate three hours before the New Year. The uncertainty generated by the lack of agreement in the Government before the impending expiration of the tax and budget measures is the definition of “fiscal cliff”.