Tax Time: 4 Things To Bring To Your CPA

Certified Public Accountants (CPAs) are incredibly busy during tax season. Their time is precious, and that makes it even more important for you to prepare for your allotted tax preparation time. Nobody benefits from wasting an hour rifling through receipts and guessing about numbers. Your CPA needs the following four categories of information to prepare…
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Feeling Lucky? IRS Audits At 11 Year Low

If you made a mistake on your 2014 tax return, you might be in luck. You were less likely to be audited by the Internal Revenue Service than at any time since 2004. The initial data shows that only 1.23 million taxpayers were audited during fiscal 2015, representing a 0.84% audit rate. As a result,…
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Super Bowl By Numbers

by Jeff Hoyt, MoneyTips Editor-in-Chief Are you ready for the “Golden Game?” The 50th Super Bowl will take place in Santa Clara, California, on February 7th, featuring Peyton Manning’s Denver Broncos against Cam Newton’s Carolina Panthers. The NFL has come a long way from the first Super Bowl — which was not even called the…
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Do You Think The Government Has Protected Your Money?

The Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted in 2010 to deal with the aftermath of the financial crisis and the corresponding Great Recession. Elements of Dodd-Frank were devoted to reining in reckless behavior in the financial arena and preventing future financial crises, but one agency was designed specifically to protect the…
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Would Lower Corporate Taxes Mean More Jobs?

The U.S. has the highest corporate tax rate in the developed world with a 35% federal levy on profits. When various state taxes are included, the nominal rate is just over 39%. Is it time to consider lowering our corporate rates? American corporations have argued for years that our tax rate should be lowered, because…
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