How To Save Your Assets - The Tax Haven Report

Sometimes a taxpayer does not qualify for any of the usual tax relief schemes like Offer in Compromise (OIC), filing for bankruptcy, or the Statue of Limitations expiration. This person, many times, still needs a way to solve their tax debt. The Internal Revenue Service has different types of payment plans or installment arrangements, which are applied according to the taxpayer's financial situation

It seems to be common sense to assume that the more tax credits you give for research and experimentation in various industries, the more you would encourage development in that area; and, of course, the reverse would be true. Therefore, the current uncertainty associated with the present Research and Experimentation (R&D) tax credit is obviously an obstacle to innovation and growth of the economy.

Few events can give you the same feeling you get when you get back some of your hard earned 'dinero' from the government. For many, this may soon be a reality, with the recent passing of the Economic Stimulus Act of 2008. This Act is expected to pump a little over 150 billion dollars into the American economy. Millions of taxpayers are expected to receive rebates this year and, therefore, there's anticipation of tax relief for many.

Any tax scheme should reflect a nation's goal to increase productivity and to improve the lives of people of all income and social levels. As it is now, the U.S. tax system has too many inequities.

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