Ask a Tax Question - Tax Shelters
Tax This!: An Insider's Guide to Standing Up to the IRS
by Scott Estill

Tax This! An Insider's Guide to Standing Up to the IRS, is just that. It provides the insight of an insider that will help you stand up to the IRS in any situation. Little known facts and difficult to conceive strategies are revealed that will help any target of the IRS deal effectively with them or help prevent you from becoming their target.

Author Scott Estill discloses all the rights, which are many, that citizens have when confronted with a problem involving the IRS. He gives an insider's look at the culture, attitudes, and seemingly out of control bureaucracy that prevails inside the IRS and prepares you to deal with the IRS at that level also. His information is backed up by references to the Internal Revenue Code, Congressional Law, and established judicial decisions.

Tax This also provides clear examples of completed IRS forms, which are many and varied. Overall, this is an informative, easy read for someone like me with little knowledge of the IRS. It will hold your interest even if the IRS isn't breathing down your neck and may be invaluable if they are.

     

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Being Careful To Choose Legal Tax Shelters   
Carl LaFresnaye

There are some types of corporations that try to find loopholes in the tax laws that allow them to get out of paying such high taxes.

There are some companies that look for tax shelters, which are ways to reduce the amount of income that is available for the government to tax. There are many different tax shelters that are legal to use and corporations use them regularly. However, there are others that are not legal and have caused some corporations to get into a lot of trouble over recent years. In light of this, corporations need to make sure that they have a group of tax attorneys that are well versed in the use of tax shelters so that the company can avoid operating illegally which lead so fines, as well as jail time in some cases for the executives that are involved in the cover-up.

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Undergrad Scholarships For NRIs, PIOs (The Times Of India)
New Delhi has announced scholarships for the Indian diaspora for undergraduate studies in India during 2010-11.

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IRS

Most companies are audited every few years to make sure that the financial records match what they are reporting to the federal government. This is why corporations have to hire such good accountants and tax attorneys, because an auditing process is very labor intensive and paperwork intensive, so the more everything is in order and questions can be answered promptly, the better for the company. When a company uses a lot of tax shelters they are even more closely watched by the federal government to make sure that the tax shelters are not a scam. When these are used illegally, then the government considers it tax evasion, and it costs the government a lot of money in revenue.

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Scholarships For NRIs, Persons Of Indian Origin (New Kerala)
Kuala Lumpur, March 10: New Delhi has announced scholarships for the Indian diaspora for undergraduate studies in India during 2010-11.

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There are several types of legitimate tax shelters that individuals and businesses can use to try and lower their taxable income. Some of these are in the form of retirement accounts which the government does not tax very heavily. Another popular way to lower the income that can be taxed is to invest in real estate, since that will lower the taxes while still keeping the net worth of the individual. In addition, individuals can get a tax break by setting up their own business, by buying into IRA's or municipal bonds, and also through various pension plans that can be obtained. Most of these ideas help individuals to be able to access the money if it is needed, but often allows them to withdraw with a lesser penalty and tax deduction than if the money was invested in some other way. There is also the ability for individuals to obtain health coverage and life insurance through their employers which allows the money to come out before it is taxed.

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To be a member a CPA Mom, Tax Moms, or an Erolled Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
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Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.
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