News

Monday May 2, 2016

Exciting events are happening at Cornerstone University
Our News
Thank you for your interest in Cornerstone University. Our hope is to serve you and your family with helpful information.
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How to Downsize Your Stuff for a Move
Savvy Living
Can you offer any helpful tips for downsizing? My husband and I are interested in moving to a condo downtown when we...
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No Significant Change In Tax Gap
Washington News
The IRS reports that there is “no significant change” in the tax gap. The tax gap is the shortfall in tax collections. It is measured each year to determine the level of taxpayer compliance. For years 2008, 2009 and 2010, the tax gap averaged $458 billion per year. With an estimated $52 billion per year still to be collected through tax audits, the net tax gap for these years is projected to be $406 billion. The IRS reports that taxpayer compliance level is 83.7%. This compliance level for people who pay timely the correct amount of tax has been generally in the low eighties range for several years. IRS Commissioner John Koskinen observed that the tax gap reflects a generally honest population of taxpayers. He noted, “The IRS continues to look for other ways to keep the voluntary compliance rate high. These include such things as our educational efforts aimed at preparers and taxpayers; ongoing efforts to improve compliance in the international area; and working with businesses on employment tax issues. The...
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Zero-Tax Cash and Trust
Personal Planner
About 15 years ago Linda's father passed away. As her inheritance, she received a commercial lot that was a mile outside...
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