Personal experience of a businessman: how much taxes do I pay in the USA and Russia

Alexey Kudimov is the head of Direct Line Digital. He is engaged in website creation and SEO promotion. He has experience doing business in both Russia and the USA, and he decided to compare the level of taxation. What came of it was told by VC.RU.…

Ten types of retirement income that are not taxed

Most of the income you receive after retirement, even if it is not direct income from work, may still be taxable. But not all of this is subject to federal taxes, especially if you play your cards right. MSN reported...

In Georgia, the embryo can be declared as a dependent on the tax return

Taxpayers in Georgia will be able to claim tax breaks for "any unborn child with a detectable heartbeat," according to TheGuardian. Georgia taxpayers can now list embryos as dependents on their tax returns. In a press release issued August 1, the Georgia Internal Revenue Service stated…

Shakira faces 8 years in prison and a $24 million fine for tax evasion

Global pop star Shakira could face both a hefty prison sentence and a fine if found guilty of tax fraud. The Fox News edition told in more detail. The Spanish prosecutor's office demands that Shakira be sentenced to 8 years and 2 months in prison, ...

What retirement income is tax deductible

Just because you stopped working doesn't mean you stopped paying taxes. Most of the income you receive after retirement, even if it is not direct income from work, may still be taxable. But not all of this is covered...

Top 10 Billion Dollar Companies That Pay Almost No Taxes

If you are one of the largest companies in the US, you can even benefit from a negative tax rate. Some of the big companies even got their taxes back, according to MoneyTalks. That's according to a recent analysis by the Center for American Progress, which examined publicly available documents from investors in America's largest…

If you filed through TurboTax, the company could owe you money

TurboTax maker Intuit will pay $141 million "for defrauding millions of low-income Americans into paying for tax services that should have been free." The company must also suspend its "Free, Free, Free" ad campaign for TurboTax, which has been luring…

Tax refunds in 2022: why many Americans got less than they bargained for

Many people in the United States have found that their tax refunds are not as great as they thought. There are several reasons to explain this. Edition Marca tried to figure everything out. One of the most common reasons your tax refund might be less is…

Preparation of declarations and solution of tax problems

MICHAEL KOLODEN CPA PC is an accounting firm licensed in New York and New Jersey that offers a full range of services: completing and filing tax returns (individual and business); solving tax problems; accounting for business; payroll for business; personal financial...

IRS sends scary letters to taxpayers: what to do if you receive such

Imagine that you filed your tax return last year and a few months later received a letter in the mail from the Internal Revenue Service (IRS) stating that you didn't. This is exactly what happens to many taxpayers in this…

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