The Tax Preparation Blog

Question: Are corporate tax rates really a problem?

Conservatives often point out that our corporate tax rates are the second highest in the world. However what they omit is the large amount of deductions and loopholes in the government, the IRS itself concludes that a quarter of corporations in the US don’t pay any corporate taxes at all. In effect even though the tax rate is lower in Ireland corporations pay more due to fewer deductions. Also European countries afford lower corporate tax rates by having MUCH higher taxes on income as well as employer funded entitlements. So are conservatives just misinformed that is it is cheaper to do business in Germany, or are they cherry picking the facts to starve the federal government yet again(by cleverly omitting the other taxes in Europe) and skirt the federal guidelines that are tied to the deductions?

Answer: Republican have been calling for business tax breaks for thirty years, and getting them, and all business has done that whole time is move more and more American jobs overseas.

Yeah I think there’s a definite flaw in that republican theory somewhere.

The real problem is that American workers just cost too much compared to people whose options are to work for whatever they can get or starve.

All we really have to do, to keep business in America, is get American workers to accept lives that amount to actual slavery.

Then we call it Paradise and take a well deserved vacation. Sure.

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Tolley’s complete income tax, super-tax, sur-tax, &c: Chart-manual of rates, allowances & abatements for 1934-35 and 30 previous years, setting out … years, up to and including the Finance act …

Redrow PLC – Half Yearly Report

Redrow PLC – Half Yearly Report

Corporate Tax Cut BS Exposed

Question: HM Inland Revenue Internet Problem?

I try to do the first step on the online Tax Return and every time it says : please amend the post code.
I used to live in the UK but now I live in France and my address which I used for another Tax Revenue a year ago is not working. even when I tried my old post-code from England it still displayed the same message. I deleted the History and the Cookies and it is still doing it. The help-line is busy and they are constantly cutting me off plus calling them is costing me a fortune. What should I do?

Answer: Change country in the address – that’s the first step – then it stops demanding a post code.

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UK – Irish – Spanish – French Property Tax Returns

Question: Fedral taxation help?

In 2007, Paul who is single has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did not file his 2007 income tax return until November 30, 2008 (due date was April 15, 2008) and no extensions of time to file return were filed. Below are amounts from his 2007 return:
Taxable Income $140,000
Total tax liability on taxable income$ 33,311
Total federal tax withheld from his salary$ 27,290
Paul sent a check with his return to the IRS for the balance due of $6,021. He is relieved that he has completed his filing requirement for 2007 and has met his financial obligation to the government for 2007. Has Paul met all of his financial obligations to the IRS for 2007? If not, what additional amounts will Paul be liable to pay to the IRS?

Answer: No, Paul has not met all of his financial obligations because there will be interest and penalties for not filing his ’07 return until November 30,2008 (calculating this should be simple & can be found in your book) When you fail to file a return, you cannot simply pay the balance due at your leisure, hence the interest and penalties. Good luck w/ your tax class.

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Vancouver judge releases reason for Ian Thow sentencing

A Vancouver Provincial Court judge released his reasons for sentencing against convicted investment adviser Ian Thow.

President’s HHS budget for FY 2012 (02/14/2011 Press Conference)

Question: If I am a licensed tax preparer in Calfiornia, can I move to Canada and be able to get licensed in Canada?

I have a Ctec license in Calfiornia to do US federal and California tax returns. Can I get licensed in Canada to prepare tax returns for US federal returns? If not, how can I get licensed in a 60 hour online course for Canada? Where would I start to get qualified for Canada without having to do the whole 4 year college program?
Is tax preparation gov’t run? I do not mean the taxation ministry but the ones who prepare your tax returns that you send to the gov’t.
I live in an area where many Canadains and American live and work and have to file both US and Canadian taxes. I want to be able to prepare US taxes and Canadian taxes while I live in Canada. I know you have to be licensed.
In the US you have to be licensed and bonded to prepare (sign) tax returns, audit or represent someone in tax court.

Answer: You do not need a specifc license to prepare a Canadian tax return for a Canadian taxpayer, although many professional tax accountants (CA,CGA & CMA) prepare such returns. There are also many american CPAs here doing US tax returns. You may find jobs from such firms in Toronto or Vancouver, where there are lots of americans living.

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Koppers Holdings Inc. Reports Fourth Quarter 2010 Results

PITTSBURGH, PA–(Marketwire – 02/16/11) – Koppers Holdings Inc. (NYSE: KOP – News ) today announced results for its fiscal 2010 fourth quarter. Consolidated sales for the fourth quarter of 2010 were 14%, or $37.5 million higher than sales in the prior year quarter. Sales for Carbon Materials and Chemicals (CM&C) increased by 11%, or $19.8 million over the prior year quarter, while sales for …

The Arrivals pt.24 (Freedom Unplugged)

Question: What is a reasonable fee for tax preparation of Federal Tax and State Tax that is pretty much straightforward?

the standard deductions are taken.

Answer: Free!
Millions of taxpayers that made less than $56,000 can e-file their federal return for free. The IRS allows you to search for Tax Services that correspond to your needs.
Depending on your state, your state return may be free as well. Check your state’s Dept. of Revenue/Taxation and find out.

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Treatment of tax advice and preparation fees. (Brief Article): An article from: The Tax Adviser $5.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on May 1, 1992. The length of the article is 466 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: T…

TurboTax Deluxe Federal + e-File + State 2010 – [Old Version] $5.75 TurboTax Deluxe was designed to make it easy for you to get the biggest tax refund possible, checking for accuracy and uncovering 350+ deductions and credits. Includes free Federal Efile and TurboTax State for completing your state taxes. Everything you need to do your taxes with ease. Finds All Tax Deductions and Credits You Deserve to Get Your Biggest Refund Maximizes Your Tax Deductions …

When It Pays to Itemize

The enhanced standard deductions that many taxpayers took advantage of on their 2009 tax returns — for buying a new car or paying property taxes when they didn’t itemize — are history. Without