If you owe a significant amount of money to the IRS, there are plenty of places to get income tax help from certified tax advisors. Section 7122 of the Internal Revenue Code stipulates that the IRS may accept a smaller amount as full payment of a tax debt if you don’t have enough money [...]
Posts Tagged ‘income tax’
Withholding Tax May be Hazardous to yourself
In news bulletins, they keep announcing all the gains that are being made in America throughout the much-applauded recovery; companies should be turning out better profits, and companies are supposed to be generously adding to their jobs rosters on a regular basis. Even so, compared to how many people are unemployed out there, these modest [...]
Taxes and savings rates control your future finances
Income taxation and investment savings decide your future finances
Know how your current saving and investing affects your family’s financial security. Beyond your hard work to earn more money, your personal savings rate mostly determines your lifetime financial security by methodically increasing your investment portfolio.
You always should consume as you live at a pace that is [...]
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 [...]
The Lesson in Tax Law, Chapter 8: Tax and The Boston Tea Party
Raleigh NC Tax Preparation
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Ah…. finally an event in history clearly about oppressive taxation. Was the Boston Tea Party a protest against the British tax on tea, as we were all taught? No, not one bit. The colonies had [...]