The new year is here, and with the holidays being over we are going back to our normal routines. It is this time of the year that the thoughts of taxpayers turn to getting their taxes done. Now that tax season is upon us a vast majority of taxpayers are expecting to receive a present [...]
The chancellor recently scrapped plans to raise the threshold for inheritance tax(IHT) from £325, 000 to £350, 000 as he looked for to place obvious distance in between Labour and the Conservatives on the concern of wealth and aspiration.
In 2007, ministers promised to increase your threshold progressively in order that by April 2010 a [...]
If you ordered my IRS Lien Thumper and IRS Terminator packages you would have been able to use the Freedom of Information Act requests (FOIA) to request postal records respecting the Certified mailings of Notices of Lien mandatory by 26 USC § 6320 and Final Notices of Intent to Levy required by 26 USC [...]
26 U.S.C. § 6330(e) contains a provision that is little celebrated and underutilized by folks facing off with an IRS levy of their bank account or paycheck. That subsection provides in pertinent part:
“(e) Suspension of collections and statute of limitations “(1) In general “… if a hearing is requested under subsection (a)(3)(B), the levy actions [...]
Raleigh NC Accountant
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
So the question remains, what went wrong with the tax system in the United States?
US tax makers have been collecting what they have sown for a long time. The honor system has been replaced by a [...]
In order to assist individuals that are without healthcare insurance and financially-struggling residents find the medicines that they badly need, there is an growing civic recognition that there are programs that make available help with prescription for free or just about free. With the state’s unemployment rate now at a record high, the magnitude of [...]
Raleigh NC Tax Preparation
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
1861 - After Lincoln was elected, the South walks out of Congress and create the Confederacy with a new constitution to sustain the newly formed government power to tax in check.
1862 - The beginning of [...]
Did the IRS Levy Your Bank or Employer?
One of the worst feelings is when your employer notifies you that they have a Notice of Levy from the IRS instructing them to keep most all of your next paycheck. Equally bad is when your bank notifies you that they have a Notice of Levy from [...]
Lowering your tax liability
Industry analysts are predicting that a tangible change in the economy won’t be seen until mid-2010, but there are still some things you can do to lessen your tax liability this year.
• Contribute more to a 401k. Any money you are allowed to pay into a 401k lowers your tax liability. Taxpayers [...]
Prescription medicine help is available to millions of Americans. You’ve most likely heard or seen ads or commercials that patients might obtain their drugs for free, or at a low cost. Have you seen the Help For Prescription bus? TV celebrity Montel Williams talks about an association who assists patients get help if they can not [...]