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Thursday, September 4, 2008

Six Steps to Taking Control of Your Back Taxes

by taxnick on September 4, 2008

If you haven’t filed your taxes in a few years, you may be wondering what options you have. You may be surprised to learn that filing your tax returns can be the quickest way out of tax trouble. But you need to protect yourself. Here’s how.

Step One: Gather All Your Tax Documents
When was the last [...]

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United States Income Tax Law

by taxnick on September 4, 2008

The federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents’ estates, and certain bankruptcy estates. Some state and municipal governments also impose income taxes.
The first Federal income tax was imposed (under Article I, section 8, clause 1 of the U.S. Constitution) during the [...]

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How is Real Property Tax Imposed?

by taxnick on September 4, 2008

Many counties have a real property tax that is imposed on the ownership of real estate located within its boundaries. Real Property tax is typically imposed upon the assessed value of the real property – typically set as a percentage of the most recent purchase price paid for a parcel of real property.
In addition, many [...]

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What Are Whistleblower Fees?

by taxnick on September 4, 2008

If you receive an award from the IRS for information provided after December 19, 2006, that substantially contributes to the detection of violations of tax laws by the IRS, you may be able to deduct attorney fees and court costs paid by you in connection with the award, up to the amount of the award [...]

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