The story of American income taxes begins 1812.The 1st attempt to inflict an income tax on Americana occurred as a result of the War of 1812. At the end of two years of war, the federal government owed an unbelievable $100 million of debt (in inflationary terms, it probably had the same impact on the treasury as $100 billion debt would today). To pay for this, the government doubled the rates of its major source of revenue, customs duties on...more
Football is one of the most watched games that have ever been invented to overwhelm and fire up sports fanatics in the United States along with people all over the world who are electrified with full-packed and real action games. The game is known as one of the swift paced games among other famous ball games. You will never get tired of watching your preferred team with all the exciting moves and touchdowns they make filled with energy. For my...more
Finding the right tax attorney in Maryland can be a daunting task especially because very few people are dedicated to tax law. It becomes even more difficult when you are already frustrated with tax problems. Choose the perfect one and your problems will be vanished. Choose the wrong person and you are never going to come out of the impending doom. Therefore it is crucial to select your tax attorney wisely. Though it may take a little time and effort to find the right person it is always better to count on a professional than handling such complicated issues yourself. Whether it is a certified tax resolution specialist or a certified public accountant or a tax attorney, selecting the ideal representative is key to your success. One can have various kinds of tax problems such as audit issues, back taxes, tax returns, payroll taxes or other tax collection. If you encounter any similar problem the first thing you will think of doing is going through Google or the Yellow Page to find out a Maryland tax attorney who will be aware of the local law. So you have managed to get the contact details of a few Maryland tax attorneys. What next? How do you know whom to hire and whom to avoid? Go...more
Handling taxes is a specialized job and it is best left to a legal professional experienced in the matter. Whether you are an individual or an organization, you may require the help of a competent tax attorney in certain circumstances involving transactions with the Internal Revenue Service (IRS). When do you need help?Let us get a closer look at...more
Third Wave: The Alternative Minimum Tax (AMT) and Employer Tax Hikes. When Americans prepare to file their tax returns in January of 2011 - the AMT won't be held harmless, and many tax relief provisions will have expired. The major items include: ...The AMT will ensnare over 28 million families, up from 4 million last year. ...According to the Tax...more
All over the world, the words "I am a student" are usually accompanied by an attitude of entitlement. An attitude which says "Although I am not a minor, I should not be heaped with the responsibilities of an adult, but I should also be left to make my own decisions." Well, not with taxes. Many people do believe that simply because they are working students who are paying taxes, they should be given a tax refund for one reason or another. It does not work that way. The good thing however is that many working and tax-paying students are due tax refunds more often than they seem to know. And although this does not automatically arise because of the fact that they are student, being students has a lot to do with why many of them are due tax refund. This is because; the nature of work that many students pick is such that it is not permanent. So, how can you tell where you are due a tax rebate?If You Joined Employment During The Tax YearIf you happened to get your job after the tax tear had already started, then it is safe to say that you are due a tax refund. This is because the tax commission allows for a certain amount of tax-free allowance to all the people earning less than 100...more
Whenever anyone mentions the tax rebate, many people usually set out to ask themselves whether or not they are entitled to one. Unfortunately, many of them still do not know what to look out for to determine whether the revenue commission owes them...more
We all know that it is not such a difficult thing to get a tax refund. To say the truth, a lot of the difficulties that many tax payers get when applying for the rebates have got nothing to do with the process itself. Plenty of the problems come...more
Whenever people think tax returns deadline, their minds are usually filled with the possible penalties that they are likely to receive from the revenue commission. However when it comes to asking for tax refunds, many people hearts are usually filled...more
Whenever someone hears of tax rebate, the first question that he or she asks himself is whether the tax rebate is applicable to him or her. For this particular reason, it is important for you to note that when it comes to getting a tax rebate when...more
If you are one person who not only wants to know how much tax you should pay, but also wants to understand why you should pay the tax, then you simply cannot avoid using the tax calculator. This is especially true if you have got different sources of...more
The Conservative and the Liberals have just decided to raise the Capital Gains Tax (CGT) from 18% to 28%. This was better than I initially thought although I still think it's too high and should not apply to share buys but I would say that wouldn't...more