Don’t believe any of the “stealth wealth” scenarios you see in the movies — like being able to wire money from the U.S. to a numbered account in Switzerland without anyone finding out.
Stealth Wealth Can Get You in Trouble
IRS Increases 401(k) Contribution Limit to $18,500 in 2018
Once again, the Internal Revenue Service has tacked on another $500 to its 401(k) contribution limit for 2018 — that’s one of the highlights of the IRS’ newly unveiled schedule of tax rates, deductions, credits and exemptions for that year.
What Exactly is a Personal Service Corporation? When is it Necessary to File?
A personal service corporation is when a company provides these personal services to those that they work with, or their clients. These services are generally on a contract basis, and will need to be recorded in a specific way. In order to have a legitimate company like this one, you need to file for an […]
Paying Tax Bill With Credit Card Results In Hefty Fees
For the people that find that they owe more taxes to the Internal Revenue Service (IRS) for the 2014 tax year, paying that tax bill could be a problem. The amount of your tax bill is due by the last day to file income tax returns, April 15. If you have not prepared properly, the […]