Turbo Tax vs. Tax Lawyer: What's Your Best Filing Option?

Many taxpayers ask themselves this question each year: Should I do my taxes on my own or should I consult with a tax lawyer? The answer is never simple, and is always contingent on your personal situation. If you want control over your taxes,…

5 Ways to Maximize Your Tax Refund

Though the deadline to file taxes in the U.S. has long since passed, many taxpayers are still postponing the inevitable, having filed for extensions on their 2014 taxes. Then there are those who are trying to get a head start on next year’s…

Ann Arbor Residents Slapped with a Countywide Road Repair Tax

If you are a resident of Ann Arbor, get ready because your yearly tax contribution is about to get bigger. According to news reports, a countywide tax that aims to help pay for a road repaving initiative in 2016 is soon to be imposed. Sure,…

IRS Claims Coca-Cola Owes $3.3 Billion in Taxes

Just because Coca-Cola markets soft drinks, doesn’t mean it should be soft on paying taxes. According to an article in the Wall Street Journal, Coca-Cola is facing roughly $3.3 billion in federal income-tax liabilities over foreign transfer…

Colorado Prepares for Marijuana Tax Holiday

Many states celebrate Back-to-School Tax Free holidays in August to help alleviate the burden of purchasing materials, clothing, and other knick knacks for the new school year. However, one state is going all out this year with a brand new tax…

Lawsuit Filed Against Chicago Cloud and Amusement Tax

Last month, we reported on Chicago’s controversial Cloud Tax and Amusement Tax, and how they would negatively affect tech companies, cloud transactions, and streaming services. Now, we’ve come to learn that one group has decided to take…

Pros & Cons of Jeb Bush’s Tax Plan

The other day, we took a look at presidential hopeful Donald Trump’s possible tax plan. Today, we’ll examine another candidate’s tax goals, Jeb Bush. Much like his opponent, the Florida Governor also wants to make some significant changes…

Illinois Grants Corporate Tax Credits to Amazon

This year, several taxpayers in Illinois are probably going to be seeking help with a tax lawyer (if they haven’t already done so) following a state budget crisis. However, one major corporation is certainly rejoicing after evading any kind…

India Extends Income Tax Filing Date While U.S. Taxpayers Struggle to Meet Deadlines

Taxpayers in India, rejoice! The government has decided to cut you some slack. Whether it has anything to do with what happened here in the U.S., where the IRS was recently (and repeatedly) hacked by Internet identity thieves who gained access…

Missouri Residents Enjoy Temporary Tax Amnesty

Tax lawyers are often called on to help both individuals and businesses handle IRS-related matters. However, it seems as though lawmakers in Missouri have decided to offer a bit of relief for local residents themselves this year by introducing…