|
|
|
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...
Debt Settlement & Income Taxes - What You Need To Know
Debt settlement has become a popular approach to resolving problem debts without having to file bankruptcy. With this approach, creditors agree to accept a portion of what you owe (usually around 50% or less) to settle the account, and the remaining...
International Shipping/Freight for Dummies
There are lots of benefits for some businesses to import or export goods. Manufacturers and distributors can order directly from the overseas manufacturer and save money on their purchases. They can also market their goods to the world instead of...
Student Home Purchase Plan
Tuition costs are climbing, housing costs are climbing, it seems like all the costs for students are climbing these days. Students can afford cost increases less than any other demographic in Canada. Because of this, parents and students alike...
Tips and simple guidelines on how to calculate payroll taxes
Managing a business small, medium or big requires you to pay your taxes, as well as your employees taxes. Managing a payroll can be an arduous and taxing job, no pun intended. There are laws that require us to pay taxes and everyone have to comply...
|
|
| |
|
|
|
|
|
|
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
Associated Websites
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
|
|
|
|
|
|