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7 Financial Strategies for Transitioning from Salaried to Solo
Copyright 2005 Success from the Inside Out
A 40’s something woman was talking to me the other day about her growing sense of frustration with “working for someone else” and her longing to “do my own thing, drive my own wagon”. But, she said with...
Corporations Failing To Claim AMT Exemption Overpay Taxes By $11,000
Does your incorporated business pay alternative minimum tax [“AMT]? If so, there is a 93% chance you have been overpaying your taxes by an average of $11,000 a year according to the Treasury Inspector General. The Office of the Treasury Inspector...
Home Business Tax Tips
Running a home based business reaps many wonderful tax deductions that other businesses some times may not claim. Unfortunately to many small business owners end up paying the government taxes every year because they are unaware or several small...
Taxes Made Easy for Your Home-Based Business
I had never heard of Gary W. Carter and had never read any of his books until now – and I have to say I'm really glad that I did. Anyone who has a home-based business or is contemplating starting one needs this book on their reference shelf. If...
Truly Bizarre Taxes: The Tax on Illegal Drugs
One can never underestimate the enthusiasm that politicians have for trying to hunt up tax revenues. The creativity of some politicians can lead to bizarre taxes and unfortunate results. Taxes on Illegal Drugs One argument for the legalization of...
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Why Pay Taxes? See How Not To-Just Kidding
Imagine a world without taxes... Sounds nice, ha? Well, some
people do not just dream, they make this dream come true. Is
what they're doing legal? not so much. Can you do the same? Sure
you can. However, strong word of advice: do not try it at home.
So, how does it really work? How do you stand up to the Internal
Revenue Service and just do not pay taxes?
Actually it does not work, and if you do that you may be in
trouble. But for some people this cat and mouse game with the
IRS is not so problematic, so they made up a list of reasons
(excuses) for not paying taxes to the government. The IRS calls
this list "Frivolous Tax Arguments".
And here they are, the most outrages reasons for not paying
taxes. Now remember, there are real people who instead of filing
their tax return, send a letter to the Internal Revenue Service
saying that they are not willing to pay any taxes because of the
following reasons:
The filing of a tax return is voluntary - no it's not, filing is
mandatory, by law.
Taxpayer is not a citizen of the United States, thus not subject
to the federal income tax laws - taxpayer can be a citizen,
resident or non-resident and as such subject to tax.
The United States consists only of the District of Columbia,
federal territories, and federal enclaves - The US consists of
DC, 50 state and other territories.
Taxpayer is not a person as defined by the Internal Revenue
Code, thus is not subject to the federal income tax laws -
taxpayer is either a person or a legal entity and as such
subject to tax.
Taxpayers can refuse to pay income taxes on religious grounds by
invoking the First Amendment - No, the tax code is a federal
law, and religious is not a ground for non-payment.
Federal income taxes constitute a taking of property without due
process of law, violating the Fifth Amendment - TITLE
26--INTERNAL REVENUE CODE, imposes the federal tax, thus
representing a due process.
Taxpayers do not have to file returns or
provide financial
information because of the protection against self-incrimination
found in the Fifth Amendment - Wrong, filing a tax return is
mandatory and Fifth Amendment is not a legitimate ground for not
filing.
And the list goes on and on and on. Think it's funny? Think it's
not real? Just go to the IRS website and read what the IRS
thinks about those excuses and the people who make them up.
Conclusion
So, while we keep paying those nerve racking taxes and dream of
a taxless world, other people join the tax resistance and use an
almost believable reasons for not paying them taxes.
Keep dreaming.
Tax USA Inc. ------------
Tax USA, Inc. is a complete tax, accounting and financial
management firm specializes in small businesses, corporations
and high income individuals. Tax USA Inc.'s mission is to exceed
clients' expectation by providing superb tax, accounting &
financial Management services. We offer our clients tax,
accounting and bookkeeping services, CFO Outsourcing, Budget
Review and Business Plans, Cash Flow Management, Payroll
Services and Entities' Incorporation.
Our Clients
We focus on small and mid size businesses, non-profit
organization and high income individuals. Client list comprised
of corporations, non-profit organizations and high-tech
employees. Our corporate clients operate in various industries:
- Security - Information Technology - Internet - Retail -
Manufacturing - Transportation - Real Estate - Project
Management - Business Development
About the author:
ARIK ROZEN, CPA --------------- Mr. Rozen is a certified Public
Accountant; holds a BA in accounting and M.B.A. (majored in
Finance). Mr. Rozen has 15 years of experience in tax, public
accounting and financial management, serving in a range of
executive financial positions and as an independent CPA for
various companies and organizations. Mr. Rozen has specialized
in accounting and taxation of micro and small businesses. In the
past few
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Internal Revenue Service |
The US government agency responsible for tax collection and tax law enforcement. Includes income tax forms, instructions, and agency publications. |
www.irs.gov |
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Tax Information for Individuals |
Access to useful information, booklets and other tools from the Internal Revenue Service. |
www.irs.gov |
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Tax Center - Yahoo! Finance - Tax forms, tips and calculators. |
Yahoo! Finance: Tax - Find all the resources you need for tax season. Review recent tax law changes, estimate your taxes, find tax tips and expert answers ... |
tax.yahoo.com |
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Taxes: Tax Planning, Tools and Advice - MSN Money |
Microsoft's Tax Preparation site, in association with Tax Server. |
moneycentral.msn.com |
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Tax - Wikipedia, the free encyclopedia |
Governments use different kinds of taxes and vary the tax rates: ... Taxes are most often levied as a percentage, called the tax rate, of a certain value, ... |
en.wikipedia.org |
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H&R Block | Taxes, Online Tax Preparation, Tax Software, Filing ... |
Offers online and in-person tax preparation and tax software, mortgages, brokerage and financial services, consumer tips and tax planning information. |
www.hrblock.com |
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TaxCut Online | H&R Block | Online Taxes, File Taxes Online ... |
File your Taxes online with TaxCut Online. Learn how to file taxes online here. |
www.hrblock.com |
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Income Taxes, Tax Returns, Refunds, Deductions and E-File Software ... |
Popular tax preparation software by Intuit. Integrates with Quicken, spreadsheets and offers state by state electronic filing. |
turbotax.intuit.com |
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Taxes & Estates, Tax and Estate Planning Advice - Forbes.com |
Personal Finance - Get tax and estate planning advice and information from Forbes.com. |
www.forbes.com |
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Essential Links to Taxes |
TurboTax Premier For Federal Returns 2005 Win/Mac, TurboTax Total Tax Solution Deluxe 2005 with State Win/Mac, TurboTax Basic 2005 Win/Mac... ... |
www.el.com |
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Government > Taxes in the Yahoo! Directory |
Yahoo! reviewed these sites and found them related to Government > Taxes. |
dir.yahoo.com |
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Taxes - Tax News for Home and Business from CNNMoney |
The latest in tax law updates, news, forms & advice from CNNMoney.com. Includes a refund savings calculator, and interactive tax lessons. |
money.cnn.com |
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The Tax Foundation - Educating Taxpayers Since 1937 |
Devoted to educating taxpayers about tax policy and the total tax burden borne by Americans at all levels of government. |
www.taxfoundation.org |
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Welcome to the Vermont Department of Taxes |
Welcome to the Vermont Department of Taxes... ... Changes to Property Tax Adjustments in 2007 - updated 10/18. - Tax Expenditures Transition Report on ... |
www.state.vt.us |
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Franchise Tax Board Homepage |
The department that collects state personal income taxes and bank and corporation taxes for the State of California. Access to forms and tax information. |
www.ftb.ca.gov |
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HM Revenue & Customs: Home Page |
News and information on tax and national insurance, including downloadable leaflets and forms and the latest news on filing tax returns on-line. |
www.hmrc.gov.uk |
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State and Local Tax |
Piper Resources; State Tax Rates and Structure ...Federation of Tax Administrators; State Payroll Taxes Information ...Symmetry Software ... |
www.taxsites.com |
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Quicken.com |
www.quicken.com/taxes/ - 3k - Cached - Similar pages |
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Tax news and advice from Bankrate.com |
Information on all phases of tax planning and preparation. |
www.bankrate.com |
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Online Tax Advice - Tax Preparation Help - Income Tax Tips |
Income Tax Tips - MarketWatch offers online tax advice and tips. ... IRS inflation adjustments mean tax break on next year's taxes. ... |
www.marketwatch.com |
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