When you part with your hard-earned savings to pay your taxes, are you convinced that you are paying the right amounts? Or do you suspect that you may be paying more than what you should? It is important for you to understand your tax code, and knowing what it means gives you a sign of [...]
Posts Tagged ‘accountant’
How Tax Outsourcing Works?
It is your duty to pay taxes. This applies not only to you as an individual, but also to any sort of business you might own. The process is very important, and you’ll be in a lot of trouble if you don’t fulfill your moral duty. Yet it can be a lot of work, especially [...]
Information Of Property Taxation
Property tax, also called millage tax, is a certain tax that an owner must pay on the sum of the property being taxed. There are three kinds of property: Land, Improvements to Land, and Personal properties. Real estate or real property or realty is basically terms for the amalgamation of land and improvements. The taxing [...]
Why Should We Avoid Tax Evasion?
Tax evasion means that an individual chooses to not pay income taxes due intentionally. This act of not paying taxes may be conducted by simply chooses to not file an income tax return, or choosing to not include information about taxable income on the field return. In all instances, tax evasion can be considered to [...]
Donate to Help Haiti Today - Receive Immediate Deduction on 2009 Tax Return
Raleigh NC Tax Preparation
A few days ago in a email news item I made the distinction that the Haiti disaster is now a qualified disaster according to the IRS (http://www.irs.gov/newsroom/article/0,,id=218615,00.html).
And I mentioned in that email, there are rumors that said people are able to make a deduction for donations to Haiti on this year’s (2009) [...]
Give to Relief in Haiti - Get Instantaneous Tax Deduction on 2009 Tax Return
Raleigh NC Tax Preparation
In a recent email news post I made the distinction that the Haiti disaster is currently a qualified disaster says the IRS (http://www.irs.gov/newsroom/article/0,,id=218615,00.html).
I said in the email that there are rumors that said people would be able to make a deduction for contributions to Haiti on this year’s (2009) tax return - [...]
A Short Timeline of Tax Practices of the United States, Chapter 3
Raleigh NC CPA
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
So the question remains, what happened with taxes in the United States?
US tax makers have been collecting what they have been sowing for a long time. The honor system has been trumped by a system in [...]
A Brief Timeline of Taxation of the USA, Section 2
Raleigh NC CPA
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
1861 - After Lincoln was elected, the South walks out on Congress and form the Confederate States of America with a rewritten constitution to keep the newly formed country’s power to tax in check.
1862 - The [...]
A Short Timeline of Tax Practices of the US, Part 1
Raleigh NC CPA
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Between 1868 to 1913, about ninety percent of the federal government’s revenue was derived from tax on alcohol and tobacco. While the Civil War was going on the government instituted a short income tax, but it [...]
The Lesson in Taxation Practices, Part 9: Tax Law, the Slavery Issue, and the American Civil War
Raleigh NC Tax Preparation
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
“Slavery - the one cause of the Civil War.” - John Stuart Mill, 1862
Can there be any doubt concerning it? Of course the American Civil War was about slavery… was it not? Well actually, one [...]