Category Archive: Finance

How to File Back Taxes

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In many cases, you will need to file back taxes before you can resolve other issues with the IRS. While nobody sets out to get behind on their taxes, this happens to millions of people every year. Although never fun, there are many things you can do to file back taxes with a high degree …

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What is Taxation

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A tax is a payment of money legally demanded by a government authority to meet public expenses. Everyone knows that taxation is necessary in ? modern state: without it, it would not be possible to pay the soldiers and policemen who protect us; nor the workers in government offices who look after our health, our …

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Paying Your Taxes on Time

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Property Tax Sale Any time property taxes are not paid to a taxing authority by the tax due date. The taxes become delinquent. Then that can create a lien superior over any other lien including the mortgage. A tax judgement/Lien can be placed on the property, and will remain until the delinquent taxes, interest, penalties, …

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Stamrecht BV Set-Up for a Severance Payment to Save Income Tax

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Setting up a stamrecht bv when you receive a severance payment in The Netherlands is meant to postpone and ultimately save income tax. Setting up a stamrecht bv can be complicated when you do not have the necessary knowledge of the pertinent tax and company law. A stamrecht bv (“annuity company”) is a limited company …

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No Guarantees: Lower Taxes in Retirement?

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Many people assume that they will drop down at least a tax bracket once they retire. That assumption, similar to many assumptions about retirement, may not hold true when the actual event arrives. This article explores why it is not safe to assume that retirement tax rates will be lower than your current one. First, …

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