Blogs

Avoiding paying taxes by reducing the amount can be achieved through various legal or illegal means. Illegal means can include shifting income and assets, under-reporting income, and using false deductions. Tax avoidance is unlawful and punishable under law. Tax scammers try to encourage taxpayers to use illegal methods to reduce their tax liability, many times... Continue reading →

Energy tax provisions are supposed to reduce greenhouse gas (GHG) emissions but have not effective in limiting GHG emissions, a study reveals. To counter this problem, the introduction of a carbon tax is seen as an effective alternative solution.Energy-sector tax expenditures reach roughly $48 billion, but have little to no impact on reducing GHG emissions.... Continue reading →

The energy tax provisions that include bio-fuels provisions, production tax credits for wind, oil and gas depletion allowances, and wind and other renewable energy source provisions are doing little to nothing to reduce greenhouse gas emissions, according to a study sponsored by the U.S. Department of the Treasury.The findings of the study have revealed that... Continue reading →

Energy-tax provisions control greenhouse gas emissions in order to protect the environment, but current energy taxes are doing very little to reduce greenhouse gas emissions, meaning tax expenditures and subsidies are not effective in keeping down greenhouse gases while costing the government revenue.The impact of the current provisions is unclear because of the complexity of... Continue reading →

The payment of tax debt, if not made early, can increase the total amount of back taxes because of the interest and penalties the IRS charges monthly. Taxpayers who are unable to pay their entire tax debt amount can reduce their back taxes by paying as much as they can before the filing deadline.Even if... Continue reading →

Taxpayers look to reduce their back taxes, but not every taxpayer can qualify for the tax debt reduction plan Offer in Compromise. Only taxpayers whose financial situation is such that any collection of back taxes can push them into a financial crisis may qualify for an Offer in Compromise.Under this IRS program, taxpayers have their... Continue reading →

National tax relief company Blue Tax has recently earned an increase in their positional score from a 94 to a 96 with Consumer Tax Reviews. This new score is based on the improved standards we’ve experienced from our latest review.Consumer Tax Reviews conducts periodical reviews on the companies we’ve previously reviewed in order to keep... Continue reading →

National tax relief company Segal, Cohen, and Landis, LLP has recently been given an enhanced positional score from a 93 to a 95 by Consumer Tax Reviews. The company’s continuous efforts to provide taxpayers with honest, ethical tax relief and an improved consultation from our most recent review were the main factors that improved the... Continue reading →

It is becoming increasingly difficult not to see how the complexity of the tax code is adversely affecting tax collection. Most taxpayers find it difficult to understand taxes and use the help of tax preparers to prepare their tax returns. Because of the complexity of the tax code, many businesses find loopholes in the tax... Continue reading →

After the Apple controversy came to public view many of the methods multi-national companies use to evade taxes legally began to be scrutinized. Profit shifting is one of those methods. Apple has said it does not shift profits from the U.S. to other countries, but stated it did not bring the profits it made in... Continue reading →