California LLC Laws And IRS Identity Theft Reporting
A discussion on the tax history of LLC entities in California as well as information on the IRS’s Fraud Reporting Division
Don’t Tempt the Taxman to Choose You for an Audit
Don’t Tempt the Taxman to Choose You for an Audit There are a lot of benefits to being ultra wealthy. High net worth individuals get to experience so many things in life that most people can only dream of. The wealthy also enjoy an extravagant lifestyle that other people only get to watch in movies…
How Long Does the IRS Have to Audit You?
How Long Does the IRS Have to Audit You? Some people love surprises, like when you get that perfect gift for Christmas or your birthday that you weren’t expecting in a million years. Some surprises can be a great, like getting more back in your tax return than you were expecting, or receiving a raise…
How Much Profits Are U.S. Companies Really Holding Overseas?
How Much Profits Are U.S. Companies Really Holding Overseas? How much money does the U.S. government collect in corporate taxes every year on average? While there is no exact answer the following numbers provide a relatively close approximation. In 2014, the Government collected $3.02 trillion in taxes, with about 11 percent of that coming from…
How to Avoid Big Taxes on Capital Gains From Mutual Funds
How to Avoid Big Taxes on Capital Gains From Mutual Funds Many people who own mutual funds know they are typically a good way to save on taxes because capital gains are taxed at about half the rate of regular income. It’s one of the most common ways that the super rich make so much…