PrepareIncomeTaxes.Com Blog Page
Here on our website we supply you with tools, tips and advice to help you with your Finances, Credit, Taxes, Online Preparation and more.
Best of all, all the information in our knowledge center is FREE. That's right, use our site and all the helpful information to gain a foothold on retaining more of your hard earned dollars.
We document time saving tips and information on how you can understand your filing process better, giving you the knowledge to maximize your deductions in order to keep more money for yourself.
We've spends endless hours putting together information to help you with all your filing needs. It's a endless list of knowledge that is needed for all the different filing requirements we all have but, using our knowledge base, and choosing the right software can make this process a breeze.
Each year brings new challenges in the law changes for all of us, and keeping informed and up to date is a huge task all in itself. We continue to monitor these changes to ensure we are producing quality support information to help you make quick use of our documentation.
Doing your filing yourself is a great way to increase your knowledge on how to properly prepare for your return throughout the year. You really can't take advantage of benefits you aren't preparing to take, so that's where we come in. Learn what benefits you can qualify for and start preparing to take advantage of them today.
Filing time is always a hit and miss episode for everyone. Some like it because they know their getting a refund and they want it quick.
Others, like myself, are never looking forward to it. I don't like pulling all my documentation and receipts together, plus, I always owe more money. I guess the upside to that is that I was able to use the money during the year instead of Uncle Sam having it from the git-go.
At any rate, it's our pleasure to put this site together to help you find a easier way to understand and prepare your return filing.
So read-up and see if you can't get a bigger refund this year by finding deductions and credits you've been missing.
Explore our site and use it to your benefit, were glad to help, Enjoy!
Taxes from the Latin word taxo is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law.
They are also imposed by many sub-national entities. They consist of direct or indirect payments, and may be paid in money or as its labor equivalent. Taxation may be defined as a "pecuniary burden laid upon individuals or property owners to support the government, a payment exacted by legislative authority, is not a voluntary payment or donation, but an enforced contribution.
Exacted pursuant to legislative authority, and any contribution imposed by government, whether
under the name of toll, tribute, tallage, gabel, impost, duty, custom, excise, subsidy, aid,
supply, or other name.
The legal definition and the economic definition differ in that economists do not consider many transfers to governments to be taxes.
For example, some transfers to the public sector are comparable to prices.
Examples include tuition at public universities and fees for utilities provided by local governments. Governments also obtain resources by creating money (e.g., printing bills and minting coins), through voluntary gifts (e.g., contributions to public universities and museums, by imposing penalties (e.g., traffic fines), by borrowing, and by confiscating wealth.
From the view of economists, it is a non-penal, yet compulsory transfer of resources from the private to the public sector levied on a basis of predetermined criteria and without reference to specific benefit received.
The American Recovery and Reinvestment Act included a broad range of cuts aimed at making the code more fair and supporting the middle class:
- 95% of all working families will receive a cut
- 70% of the benefits go to the middle 60% of American workers
- 2 million families will be lifted out of poverty by the cuts in the Recovery Act
- More than $150 billion in cuts will help low-income and vulnerable households during the economic recovery
- About 1 Million jobs will be created or saved by these cuts alone
For too long, the U.S. code has benefited the wealthy and well-connected at the expense of the vast majority of Americans. President Obama’s aims to restore fairness to the system by providing the Making Work Pay cut to 95 percent of working families while closing loopholes that prevent wealthy companies and individuals from paying a fair share.