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Tenant Credit Report Protects Your Finances

November 25, 2012 by · Leave a Comment 

A tenant credit report can reveal enough about the tenant’s ability to pay for you to make an informed decision. If you want to make sure you renting, which is the business you operate, runs smoothly, you must discern whether the potential tenant can pay or not. This is the most reliable way, regardless of the not too seldom inaccuracies. Background checks are used to protect interests.

It is common knowledge that potential employers conduct criminal background checks for employment. The employer does not want to be liable for anything an employee might do after being hired. So they cut them off at the pass by doing the background check. It acts as a safeguard for the existing employees and their families as well. If the employer fails to conduct a check and the new employee commits a crime at work or on the way to or from work, the employer can be found liable.

The same is true of letting out a place to strangers. If you do not conduct some kind of criminal background check on the applicants and you rent to them, then they commit a crime at the apartment complex or in the neighborhood of the house, you will be held liable for it as well. You should have done that check. Besides checking the tenant credit history to protect your financial interests, you should also view their criminal past to just how safe they are. Then make your informed decision through, taking true responsibility today for tomorrow.

How An IRS Offshore Voluntary Disclosure Filing Can Help You

November 18, 2012 by · Leave a Comment 

The Internal Revenue Service is extremely powerful.  They have the ability to tap into a variety of resources in terms of looking up your financial history and a number of other things.  Due to this, you need to do all that you can to be sure that you are in accordance with the current Internal Revenue Service laws.  This is exactly why making an IRS offshore voluntary disclosure can help you avoid paying too much in taxes.

The Internal Revenue Service has a program that is known as the offshore voluntary disclosure initiative.  Under this initiative, you have the ability to make clear with the Internal Revenue Service what you have in terms of undisclosed foreign accounts.  If you file with this type of disclosure with the Internal Revenue Service you will be able to get amnesty under the program before the IRS is able to come after you.

Using foreign banks and new reporting requirements, the Internal Revenue Service can come after you for foreign sources income and income such as bank interest income from banks in other countries.

The IRS offshore voluntary disclosure program has proven to be a saving grace for many tax payers who were unaware of the filing that needed to be made with the Internal Revenue Service.  The offshore voluntary disclosure program can be intricate and somewhat complex, but utilizing experts such as www.kahntaxlaw.com can ease the burden up a bit in understanding the program.