You may feel good about completing your 2013 or 2014 taxes to the best of your ability, but nothing may compare to the satisfaction that can come from helping others do the same. You can make a big difference in the lives of the people in your community by volunteering with programs such as Tax Counseling for the Elderly and Volunteer Income Tax Assistance this tax season.
TurboTax 2015 is a wonderful tax preparation guide, but a lot of people may prefer or need additional assistance. Sponsoring organizations such as TCE and VITA encourage volunteers to join in and … Read more at 2010 Tax.
Tax payers often seek out tax lawyers so they don’t have to deal with the Internal Revenue Service alone. In turn, an Arizona tax attorney offer expert tax resolution services that often helps clients save money.
For instance, one satisfied customer said his Phoenix tax attorney offer detailed recommendations about how to deal with the IRS at a time when “we really needed help.”
The customer went on to explain how he relied on these tax … Read more at 2010 Tax.
We all work hard for our money and we all want life to be fair, so of course, when buzz begins to circulate about the possibility of US citizens not having to pay income tax… we jump right on it. But trust me, when something sounds a little too good to be true, it’s usually because it is.
Unconstitutional you say?
According to believers of this idea the 16th Amendment was never ratified, and therefore we shouldn’t have to pay taxes.
However, the amendment states that the government will collect taxes from its citizens. This seems pretty cut and dry, … Read more at 2010 Tax.
Tax law changes tend to happen at least once a year. An obscure loophole may be closed, or the tax rate on a specific type of profit may be increased or decreased. In either case, it is important to make sure that you have the right income tax advice before dealing with your own taxes. Rather than trying to go it alone, the help of a professional can aid you in making sure that all your forms are filled out correctly and that all the correct deductions have been made. Even with this in mind, though, you may still wonder … Read more at 2010 Tax.
Their initial thought is that most people pay a much higher rate than that.
The reality is that they really don’t, however.
In fact, based on the specific calculation methodology, Mr. Romney’s effective rate is significantly higher than that of most Americans’.
Comprehending why this is true requires understanding that “effective tax rate” does not equate to your maximum income tax bracket. Those rates range between 10 and 35 percent, depending upon gross annual income.
This figure … Read more at 2010 Tax.
To paraphrase Will Rogers, more liars were made of the American people from income tax than from golf.
But if the IRS made it easy and almost impossible to lie on a tax return, would anyone be interested?
Doug Shulman, the IRS Commissioner, recently hinted that if the IRS would prepare taxpayers’ returns the potential for tax fraud would be reduced. No-one would have to prepare their own returns at tax time because the IRS would do it for them.keep looking »