Bank finance articles and tips

Managing your taxes is important when it comes to proper handling of your personal finances. Not only entrepreneurs but also employees are encouraged to practice this. Taking the first steps will definitely may be challenging but with the right tax planning tips, any novice will get by just fine. Here is a simple guideline that you can follow....

In order to comply with laws, the regulatory entities publish forms that can be completed by complying individuals and entities. Such is the FBAR form TD F 90-22.1, which is what you should use for your annual FBAR reporting.

This is not part of your income tax return form 1040, rather an attachment or supplementary document that goes to the IRS and the US Secretary for information reporting purposes only. In this article I will discuss the FBAR reporting requirements, guidelines and timelines. I hope you find it useful as you stay compliant with the foreign bank account reporting regulations....

If you suffer from a disability that keeps you from working, you also have a limited income. Fortunately, the federal government offers tax relief for people with disabilities....

Property tax is a tax assessed on real estate by the local government. The tax is based on the value of the property (including the land) that you own. This tax is mainly used by municipalities for repairing local roads, building schools and other similar services that help maintain the community....

A person leaving India by land, sea or air is required to obtain from the Competent Authority a certificate that he has no liabilities under the direct tax laws or that he has made satisfactory arrangement for payment of his existing liabilities as also for payment of the lax that may become payable by him....

A Tax Haven is simply a country that allows you to pay less tax. People use tax havens to minimise their tax (duty) and conceal assets for asset protection purposes. Some people use these jurisdictions to hide their cash from tax authorities in their home countries which is evasion as opposed to legal avoidance. This is not very intelligent because with expert, effective tax planning, tax can legally be avoided anyway. Those that generally use these havens for tax evasion reasons have often made their money in illegal ways. Contrary to common perception, these people are not welcome in most jurisdictions. People who indulge erroneously in tax evasion, run the risk of imprisonment because Governments have no "sense of humour" when it comes to loss of revenue. Prison is a lot more expensive that paying for legal tax avoidance. This article will focus on legal avoidance of duty with respect to the use of tax havens....