In the wake of recent national news that the federal government has detained 105 individuals in 23 states as part of a nationwide crackdown on identity theft and tax refund fraud, I have seen one of my own victimized by tax refund fraud. As the President of Contego Services Group, a fraud investigation company, my […]
Tea Party Caucus’ First Tax Increase
The Republican congressmen and women who were elected under the Tea Party flag and their leader, Michele Bachman, have instituted their first tax increase. This tax is an example of the law of unintended consequences. By not authorizing spending, in the name of cutting Rooseveltian entitlements, the Republican controlled House of Representatives and its controlling […]
Indian Economy is Upbeat With Higher Tax Collections in First Quarter
In spite of inflationary pressures, the Direct Tax Collection (DTC) has registered a robust growth of 38.61% in the April-June period of this Financial Year (2008-2009), as per a finance ministry release. In absolute terms, the DTC rose to RS. 57373 crores from RS.41391 crores collected in the corresponding period last year. This too in […]
5 Tax Breaks You Weren’t Thinking of For Your Small Business
Small business owners everywhere know the importance of running a tight ship. Rent, labor, and operating costs all hit smaller companies the hardest, so keeping cash drainage to a minimum is key. Tax breaks, deductions, and credits are crucial for keeping small operations afloat. As helpful as these can be, they also have a […]
Millennials Embrace New Mobile Tools to Buy their First Homes
Home ownership rates among millennials are rising at the fastest rate since the end of the recession. According to a recent report, 30% of millennials purchased a home within the past year. Although homeownership rates are still eight percentage points lower among this generation than baby boomers, young adults are rapidly catching up. However, millennials […]
How Trump’s Tax Reform May Affect Your Taxes
Tax season isn’t everyone’s favorite time of the year, but don’t let a new reform overwhelm you. President Trump’s Tax Reform Act was passed on December 22nd, 2017. The Act is designed to cut income tax rates, it doubles the Standard Deduction, and eliminates many personal exemptions. The individual changes became effective January 1st, 2018, […]
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