A tax lien is a legal claim filed in court by a government agency against a person or business owing taxes. Tax liens normally attach to money or property to pay the taxes. A list of tax liens properties on which the taxes has not been paid are kept at the county courthouse along with the proper and complete documentation…
Tag: Taxes
Highlights Of Irs List Of 2005 Tax Scams
Each year, the IRS lists various scams taxpayers get caught up in. The top 2005 scams include several that manipulate laws governing charitable groups, abuse credit counseling services or rely on refuted arguments to claim tax exemptions. The agency is warning taxpayers about the growth of identity theft schemes with some particularly bold thieves even pretending to be IRS agents.…
Are Free Grants Really Free
The short answer to this simple but fantastic question is that yes, free grants do in fact come at no cost to the recipient. That does not mean that there are no strings attached but we will talk about that later. First we need to get the basic concepts down first so that you can understand why the government is…
Second To Die Life Insurance Policies
Usually, the death benefit from a second-to-die life insurance policy is intended to go to the children , a charity or pay taxes owed after both spouses pass away. In the U.S. there is a marital deduction permitting you to leave an unlimited amount of assets to your surviving spouse with no taxes payable at your death. Those assets then…
5 Major Reasons Why You Should Buy A Home Instead Of Rent
There are times when it is better for a person to rent, but most often home ownership has many more benefits and advantages. About 10 year ago a had a retired aunt and uncle who rented a condo in Las Vegas. Uncle Jim (not his real name) was a retired minister. Throughout his career he and his wife lived in…
Preparing For 2006 Getting Your Legal Life In Order
As we wave goodbye to 2005 and charge into 2006, it is time to get your house in order. This is particularly true for the legal issues in your life. Legal Planning As drab as it may seem, legal planning can help you avoid disasters in your life. With the turn of the calendar, now is the time to give…
What Are The Taxes On Earnings
Almost all governments across the globe are funded- in some form – by the taxation of its citizens. Certain of the taxes are collected at the time of sales or service whereas certain others in a 12 month period or at the end of what they call a fiscal year. Taxes on earnings or income tax is such a yearly…
The Ultimate Tax Planning Strategy
The taxes that are withheld from paychecks amount to about 25% of your gross pay (including federal tax, state tax, social security tax and medicare tax). But these taxes that are withheld could be working for you as investments if you employ what I call the ultimate tax strategy. This tax strategy consists of how you plan to pay no…
The Fair Tax Revolution
Few people would expect a book about taxes to take The New York Times bestseller list by storm, but that’s exactly what The Fair Tax Book has done. For decades, Americans from every point on the political spectrum have moaned about April 15th and the maze of ridiculous instructions and high confiscatory taxation that accompanies that day. The current tax…
Year End Tax Tips For Home Businesses
Someone recently asked me what they could do now to make tax time easier for this upcoming tax season. The best thing you can do is to think about taxes before then year ends. Most people wait until the tax filing deadline before they ask how they can reduce their income taxes. Unfortunately, once 2007 ends, there’s very little you…