Earned Income Tax Credit

Give to Relief in Haiti – Get Immediate Tax Deduction on 2009 Tax Return

Raleigh NC Accountant A few days ago in a email news post I made the distinction that the Haiti disaster is now a qualified disaster says the IRS (http://www.irs.gov/newsroom/article/0,,id=218615,00.html). I said in the email that the IRS was rumoring that people are able to make a deduction for contributions to Haiti on the current year’s [...]

A Short Timeline of Taxation Practices of the USA, Chapter 3

Raleigh NC CPA W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes… So the question remains, what happened with taxes in the US? US tax makers have been collecting what they have been sowing for a long time. Our honor system has been trumped by a [...]

A Brief Timeline of Taxation of the United States, Chapter Two

Raleigh NC Accountant W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes… 1861 – After Lincoln’s election, southerners walk out of Congress and create the Confederacy with a new constitution to sustain the new government power to tax in check. 1862 – The beginning of US [...]

The History of Taxation, Part Nine: Taxes, Slavery, and the American Civil War

Raleigh NC Accountant W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes… “Slavery – the one cause of the Civil War.” – John Stuart Mill, 1862 Could there be any doubt about this topic? Certainly the American Civil War was about slavery… wasn’t it? Well actually, [...]

A Brief Timeline of Taxation Practices of the USA, Section 1

Raleigh NC Tax Preparation W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes… Between 1868 to 1913, about 90% of the national government’s revenue was derived from taxes on alcohol and tobacco. While the Civil War was going on the government instituted a short income tax, [...]

A History of Taxation Practices, Chapter Eight: Tax Law and The Boston Tea Party

Raleigh NC Tax Preparation W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes… Ah…. now we have a historical event clearly concerning oppressive taxation. Was the Boston Tea Party a protest against the British tax on tea, as we were all taught? No, not one bit. [...]

The History of Taxation, Chapter Seven: Taxes and The Revolution

Raleigh NC CPA W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes… There has been no modern revolution that was more deeply based in taxation. Taxation didn’t just cause it, but assisted in providing unity for the unorganized and disagreeing colonies. However, maybe not precisely the [...]

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 [...]

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 [...]

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 [...]