LyfeAccounting

JUNE 7, 2021

Did you know that some countries have zero income taxes? If you use places like Dubai, Monaco, or the Bahamas as your primary residence then you don’t have to pay any taxes. Well, there are other states that give you great tax benefits as well. Tip #5: Max Out Your Retirement Accounts.

Legal 59

Legal Tax income tax Real Estate 59

LyfeAccounting

JULY 1, 2021

But in 1931, Capone was found guilty of 22 counts of federal income tax evasion and was convicted to 11 years in federal prison, in addition to $215,000 plus interest due on back taxes. You see, despite publicly displaying his wealth, Capone never filed a Federal tax return. And, we also offer tax resolution services.

Tax 52

Tax Gambling tax return income tax 52

LyfeAccounting

JUNE 22, 2021

Normally the deadline for filing a business return is March 15th, and personal deadlines are April 15th. So as a sole proprietor, you get an extra month to file your taxes. What Taxes Do You Have to Pay as a Sole Proprietor? Generally, the main taxes are Federal income taxes, State taxes, and the big-ugly-fat 15.3%

tax return 52

tax return Tax accounting and finance income tax 52

LyfeAccounting

DECEMBER 30, 2020

Are you tired of paying taxes? Taxes stink. But recently, I heard that some people pay very little in taxes. In fact, the president’s tax returns show he paid just $750 in federal income taxes in 2016 and 2017. This helps make the tax system fair. How to Calculate Your Taxes. INCOME TAXED.

Real Estate 52

Real Estate Tax income tax Gaming 52

LyfeAccounting

MAY 5, 2021

During the same year, let’s say you earned $100,000 and that puts in you the 24% tax bracket. Just like the game show Deal or No Deal, the answer is almost impossible to predict right? If you sell the stock then you are subject to a 24% ordinary income tax rate, which means of that $10,000, you only take $7,600.

Tax 52

Tax Real Estate Start-ups income tax 52

LyfeAccounting

JANUARY 25, 2021

This meant that their wages were not taxed at all. So if they made $1600/month, that’s the exact amount that went into their bank account. And while that might sound good in theory, it did not sound good when tax time came. You need a State Income Tax number. Or you could hire an accountant to do it for you.

payroll 52

payroll payroll tax quickbooks Start-ups 52