Value Added Tax is a system of taxation that has been employed in various countries of the world as far back as the 90s. The VAT system operates on a principle that the buyer pays...
Posted by Thomas G Kinsella, ATP on 07/23/2021
Although it seems very easy to answer at first glance, there are certain considerations that a couple should take into account when forming an LLC.Because an LLC (limited liability...
Posted by Thomas G Kinsella, ATP on 07/16/2021
For people working under someone, the employer's responsibility is to make sure that the IRS gets a portion of their tax. This happens by withholding some funds for this purpose,...
Posted by Thomas G Kinsella, ATP on 07/06/2021
It might not seem like the case at tax time, but the Internal Revenue Service doesn't charge you for every dollar you earn. The Internal Revenue Code provides several deductions...
Posted by Thomas G Kinsella, ATP on 06/24/2021
All high-income earners have a series of special tax considerations that can affect their annual tax burden by hundreds of thousands of dollars. But, unfortunately, many high earners...
Posted by Thomas G Kinsella, ATP on 06/18/2021
Data from recent statistics revealed that about $1.2 trillion was claimed as tax deductions last year. From this, a handful of people went through the standard deduction route. Unfortunately,...
Posted by Thomas G Kinsella, ATP on 06/11/2021
You must have come across an advert asking you to settle your tax debt penny for dollar. Typically, this is the IRS offer in Compromise – a program from Uncle Sam to help people...
Posted by Thomas G Kinsella, ATP on 06/04/2021
After death, many people love to have their properties go to their heirs. However, inheritance tax limits the value of the property that eventually gets to the recipient. This...
Posted by Thomas G Kinsella, ATP on 05/29/2021
Gambling to you might simply be a hobby you enjoy to pass the time or making some extra bucks. However, you need to fulfil your end of the bargain when it comes to tax time, as Uncle...
Posted by Thomas G Kinsella, ATP on 05/24/2021
