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Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Thursday, October 28, 2010

Tax-Dodging or Legal Use of Tax Code?




by Daniella Nicole


I recently heard a campaign ad in which an attack was launched against a candidate for ‘using a loophole’ to avoid paying sales taxes on a high-end purchase. The rest of the ad talked about the seniors and others who are struggling to buy groceries.

The two are completely unrelated and the whole thing brings up an interesting point. When you use the legal loopholes and advantages set up in the tax code, are you a tax-dodger? If the code is set up to allow for certain allowances, avoidances and deductions, are you a tax-dodger when you use them?

I certainly use the itemized deductions I am legally allowed to claim in order to reduce my tax burden. I claim my legal dependants and use any other allowances or deductions I am legally allowed to use. Am I a tax-dodger?

I try to keep up on the latest changes in the tax code and keep them in mind as I conduct personal and private business throughout the year, in the hopes my tax burden will be affected in my favor by doing so. Am I a tax-dodger?

I don’t think its fair to call someone who is using the legally allowed means of reducing taxes a ‘tax-dodger’. By that same token, if someone is breaking the law or just not paying the taxes they legally owe, I would say that is tax-dodging.

I think we need to be careful about making accusations about others and when believing the claims others make. I would say that without proof the gentleman attacked in the ad broke the law, the campaign ad was completely off-base and morally reprehensible.

How do YOU define “tax-dodging”?


Image Credit: U.S. Department of the Treasury. Public Domain. Wikimedia Commons. http://commons.wikimedia.org/wiki/File:IRS.svg

Friday, February 26, 2010

IRS & Taxes: Free Tax Preparation and efile if You Made $57,000 or Less

by Daniella Nicole

If you made less than $57,000 for 2009, you may qualify for free tax preparation and efile. The IRS website lists all the companies they are working with who offer free efile. Some offer free state efiling, as well. Check the limitations of each offer. Be sure to use the IRS link to the site in order to get the free efile.

Find a free tax preparation and efile company here: Free eFile

Please note that the earlier in the year that you file, the more quickly you can get your return. The time right now is about 8 business days. As it gets closer to April 15th, that time could increase to 21 business days or so.

You don't have to have everything ready to begin the efile process - the information can be saved and worked on as you go.

Tuesday, May 6, 2008

Walmart & Chrysler vs Politicians & The US Government

As I was catching up on the news, an interesting tidbit caught my attention. Listen to what I heard on the Tom Sullivan Show today:


*If this video does not work, click here for a direct link.

I did a little looking to find out what they were referring to about Chrysler. More about it may be found in this online ABC News report and in this radio show clip.

Here is a link to the latest from Walmart about Phase 3 of their Prescription Drug Program, which includes over-the-counter drugs.

So what does all of this mean for you and me? This is all about how it should be when it comes to we the people and our government. We have clear examples of what happens when the government has its fingers in every pie ~ i.e. China, Russia, Cuba. We have examples in our own country of what happens when the government is in control of programs designed to help the people ~ i.e. the I.R.S. and the Social Security Administration. Both organizations are plagued with problems; and are seemingly unaccountable to the public whose money they mandatorily take, and our government that is supposed to be in charge of these organizations.

But, don't take my word for it. Talk to anyone who has ever been audited or had any kind of dealings with trying to collect Social Security Benefits of any type.

Politicians talking about 'going after' big companies will only result in lost jobs and lost income from investments made by retirement plans and individuals. As stated in the radio show snippet - let the economy correct itself.

If capitalism is the name of the game in this country, then let's reward capitalism for doing what the government can't and probably shouldn't. When organizations such as Walmart take on these massive programs to help people (and yes, they will somehow make a profit, too) let's reward them for it. Give them tax credits for making prescription drugs affordable. Let's encourage business at all levels to do the same - to help the public with housing, food, medical care, etc. Those businesses that take the incentive and go the extra mile to help the public at large - reward them. Don't penalize those who don't, but do reward those who do. It's called 'Positive Reinforcement' and it works well.

Take it a step further and reward that decreasing number of employers who pay the full cost of health insurance for their employees. Reward those employers who have programs that give back to the community through service hours and donations.

Reward those employers who help their employees by allowed flex time, family leave, in-house daycare or daycare subsidies, and telecommuting options. Reward those businesses that go above and beyond the call of duty to help accommodate employees that face serious medical situations, disabilities, etc. By helping employees to remain productive employees, employers are helping to keep people off public assistance and from going bankrupt.

Consider this:
if taxes were not raised, but tax deductions were even slightly increased for businesses who went the extra mile to benefit the public, what would happen to the need for government assistance programs? How many more families would be able to afford to eat, put fuel in their car, have medical care, and therefore have more money to spend and save?

*UPDATE*
In line with rewarding businesses that help those in need, this charity would be one example of a charity that helps people that businesses could then donate to and get an little extra tax write off. With affordable cars, people can more easily get to work, get the kids to daycare, be on time for work, etc.

What do YOU think?

Wednesday, March 26, 2008

Saturday, March 29, 2008 - IRS Super Saturday - FREE HELP

Photo by Chance Agrella
On Saturday, March 29, 2008 the IRS is offering free help to tax filers that has been named 'Super Saturday'. IRS locations across the country will be open in order to give free help to individuals who may qualify for the 'Economic Stimulus Package' rebate.

The IRS has a hotline set up to answer questions about Super Saturday, and to give assistance via the phone on Super Saturday:

IRS Hotline, 1-800-906-9887, for free assistance locations.

If taxpayers have economic stimulus questions on March 29, they can call 1-866-234-2942. These phone services are available on March 29 between 9 a.m. and 3 p.m. local time. (Alaska and Hawaii service is based on Pacific Time Zone.)

From: The IRS Website. Newsroom Section.


More Information:

KSL News Brief with Utah Locations

IRS Info Regarding Super Saturday

IRS Super Saturday Locations by State

IRS Information Regarding What Documents Filers Need to Take with Them for Super Saturday Assistance

IRS Info Regarding How to File for Free (If you made less than $54,000 in 2007)

IRS Info Regarding the Economic Stimulus Payments (E.S. Information Center at IRS Website)

IRS Economic Stimulus Payment Calculator
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