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Essential Facts On Cash Overseas

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It is estimated that Apple is going to spend about $45 billion of the company’s cash overseas reserves in coming three years. This is the part of the program which the company announced on Monday and it includes first dividend for company’s shareholder since 1995.

Not a single penny is intended to come from about $64 billion of the company which has been stashed overseas.
This is like other companies; Apple is loath for paying heavy tax hit for the repatriation of that money.
Along with the tech giants like Microsoft and Google, apple is pushing for the tax holiday … Read more at 2011 Taxes.

What to Expect after Receiving an IRS Certified Letter

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Receiving an IRS certified letter can be a huge shock. You walk out to your mailbox one day, flip through junk mail and bank statements, and then you see it. A large, scary-looking letter from the Internal Revenue Service. Of most concern is an IRS audit letter, but a certified letter may be a CP2000, an automated adjustment notice that tells you to pay taxes on income that may have been omitted due to error. In either case, you don’t have to simply sit back and accept their demands.

Along with your IRS certified letter, you probably received a … Read more at 2011 Taxes.