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The disconnect between Baby Boomers and Millennials when it comes to work ethic and Taxes Bottomline is that Millennials don’t really give a shit about filing or owing back taxes to the IRS or any other type of debt. Many of them believe that the IRS won’t even exist by the time that they turn 40 years of age. Baby Boomers sometimes believe Millennials are entitled and lazy, but this couldn’t be further from the truth. Millennials have entered a professional world where their realities are wildly different from the ones Boomers knew. They prioritize things that don’t make sense to Boomers because their environment has different demands. For example, Millennials expect to be fired or let go regularly, so they want work that is directly in line with their own career equity, which are the skills and experiences that help them improve their career prospects. They know their time is limited, so they don’t invest in doing things outside their own path. Boomers, however, are used to working hard for a company in exchange for long-term investment in skills development and for security, like a retirement fund or pension. #taxrelief

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Alhamdulillah dapat bantu Abg Haji untuk invest ke dalam prs fund Principal 💙 . . 📢Duit tunai banyak berpuluh dan beratus-ratus ribu, tapi tak tahu nak laburkan ke mana? Saya dah jumpa ramai orang macam ni. Biasanya duit itu dapat daripada untung bisnes, duit pampasan takaful insuran, duit harta pusaka, simpanan sendiri dan lain-lain. Saya boleh bantu anda untuk gandakan simpanan tu dengan platform Principal. Memang boleh buat untung kalau follow strategi yang betul. Boleh klik link kat bawah ni untuk booking appointment. #taxrelief

How the New Tax Plan Affects the High-Income Physician: *Decreased Taxes For the 400k and 500k earning physician in a high cost of living state, with those assumptions, their tax burden may actually decrease, even with state and local tax deductions & property tax capped at $10,000. This is possible because of the federal child credit, the 20% pass-through deduction on the S-corp, and the ultimate lowering of their federal tax bracket. *Increased Taxes For the 600k and 700k earning physician, looks like their taxes increased. They do not qualify for the 20% pass-through deduction or child credit. The 700k earner will see their federal tax bracket drop to 35% from 39.6% previously. However, without some of the previous deductions they could take, their overall tax burden increased. W-2 Earners Thought I should at least mention a quick thought on the high-income *W-2 employee. They will not be eligible to receive a 20% pass-through deduction in any category. Some other professions have talked about changing their designation by getting rehired as a pass-through corporation instead of as a W-2. Unfortunately for physicians, it’s likely not a possibility to do this. #taxrelief #

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Eat My News

Finance Minister Nirmala Sitharaman, yesterday, at a press conference in Goa announced the corporate tax has been cut down to 22% for domestic companies and 15% for new domestic manufacturing companies. This allows Indian companies to compete with lower tax jurisdictions which will revive growth and investment. This is likely to have a positive impact on investments in Make in India as well. The Finance Minister has also assured that this movie will generate better revenue collection, thus lessening the fiscal deficit. This has been welcomed by corporates and investors alike, as Sensex went up by 1,921 points. S&P BSE Sensex and Nifty50 posted their biggest single day gain in 10 years while Nifty Bank and Nifty MidCap index posted their biggest ever single day gain. #taxrelief

An IRS levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money in your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property. How do I stop an IRS levy on my bank account? Stopping the Bank Account Levy • Agree to a payment plan. Make monthly payments voluntarily and the IRS will leave your bank account alone. • Submit an Offer in Compromise. If you're eligible, you may be able to settle your tax debt for much less than you owe. • Offer proof of financial hardship. ... • Dispute the tax liability. #taxrelief

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Superior Tax Relief

Who knew Relief was as easy as 1-2-3? At Superior Tax Relief, we walk with you every step of the way to help you become !

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