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Category: U.S. Tax Issues

Four Reasons Your Tax Refund Could Be Seized by the IRS

November 11, 2016 Shoreline CPA Leave a comment

While tax season can be stressful, tax refunds can be a boon for many filers. However, there are a few…

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Posted in: IRS Issues, Tax Refund, U.S. Tax Issues

What is the Work Opportunity Tax Credit?

October 10, 2016 Shoreline CPA Leave a comment

The Work Opportunity Tax Credit (WOTC) was signed on December 18, 2015 by President Obama. This relatively new federal tax…

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Posted in: Tax Credits, U.S. Tax Issues

Does Student Loan Forgiveness Come with a Tax Bomb?

September 26, 2016 Shoreline CPA Leave a comment

At last check, the amount of student loan debt nationwide is around $1.3 trillion. This could mean a large tax…

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Posted in: Debt, U.S. Tax Issues

Three Astonishing Statistics about Unpaid Taxes

September 14, 2016 Shoreline CPA Leave a comment

It is estimated that $458 billion in taxes go unpaid annually. This is mostly from incorrect reports, not claiming correct…

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Posted in: IRS Issues, U.S. Tax Issues

Should University Endowments Be Taxed?

August 26, 2016 Shoreline CPA Leave a comment

Given the high price of tuition, lodging, transportation, meals and other expenses, it’s safe to say that individuals put in…

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Posted in: U.S. Tax Issues

Should the Rich Pay Higher Taxes?

July 1, 2016 Shoreline CPA Leave a comment

Generating tax revenue is an integral part of keeping society running smoothly for citizens who regularly depend on public services,…

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Posted in: U.S. Tax Issues

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