Earned Income Tax Credit

A Guide to the 1031 Tax Deferred Exchange and the Qualified Intermediary

When an investor uses the 1031 tax deferred exchange they will avoid paying large capital gain taxes; however, there are other costs and transactions fees involved. The fees involved usually have to do with fair compensation for services performed by a Qualified Intermediary that are above and beyond their normal scope of required duties.
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Federal and state taxes and investing in fixed income assets with the lowest fee fixed income index funds

Only purchase bond and fixed income holdings using the lowest fee bond index funds
Bond and fixed income investing is a very complex investing undertaking that personal investors ought to leave to professional fixed income and bond mutual fund managers. The pricing and trading of bond securities is much more complex than the trading of stock [...]

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The Internet super-highway opens up marvelous opportunities for expatriates to harvest expat tax advice and information from some of the greatest minds at reasonable prices from anywhere in the world. But it also emphasizes a crucial question: How do you know whom to trust? Sharing your intimate, personal financial information with a stranger is problematic [...]

Be Assured Of A Zero Tax Debt And A Good Night’s Sleep With PreferredTaxRelief

Anyone who has an Internal Revenue Service representative knocking on his door gives out the shivers down his spine. This is something that I have feared for the past three years because I am not the kind of person who is very good at managing my finances and keeping all the receipts of my small [...]

The History of Tax Law, Chapter 6: Taxation and The End of the Roman Empire

W. Marc Gilfillan
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Mithridates the Great ruled a tiny nation near what is currently known as Turkey. He had the extraordinary ability to rouse discontent among unhappy taxpayers. In 88 BC he led a civil war against Roman rule. [...]

Tax rates and the tradeoffs between investment portfolio risk and returns

As you are making personal finance choices and financial decisions affecting retirement assets, families must consider the fact that, in the past, more conservative portfolio investments have yielded substantially reduced investment returns than more risky asset portfolios have delivered.
With returns adjusted for risk, a person simply cannot have it both ways. As an individual shoulders [...]

Experience Tax Relief With A Superior Online Resource

As a CPA, I often receive phone calls from people seeking help when they are facing the IRS in a tax delinquency case. I am not familiar with the best way to deal with the IRS in these cases, despite the fact that I am an experienced accountant. Unfortunately, in the past I was [...]

A History of Taxes, Section 4: Taxation and The Island of Rhodes

W. Marc Gilfillan
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
The isle of Rhodes: a linking to Rome and Greece. All shipped goods from the east stopped for supplies or to change cargo at Rhodes. The port at the island, similar to every other harbor, had [...]

A Lesson in Taxation Practices, Part Five: Tax Law and The Roman Empire

W. Marc Gilfillan
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Finally moving away from the Greeks, we now are at the Roman Empire. Scholars usually refer to Roman tax policy as “more or less legal stealing” and Roman tax collectors as “a band of thugs.” But [...]

How Preferred Tax Relief Provides Help On These 3 Common Tax Problems

People encounter tax problems due to ignorance to tax laws, incompetent tax accountants, and miscalculations. It always too late for anyone to realize that there is something wrong with their income tax filing as the IRS is already at their tail. The good news is that there are companies, such as Preferred Tax Relief, [...]

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