Earned Income Tax Credit

Tax Tips For Children With Summer Season Jobs

The availability of summer season jobs for college students and other youngsters is higher in 2011 that it was in 2010. The unemployment charge for folks aged between 16 years to 24 years stands at 17.three% for 2011. That is lower as in comparison with the 2010 charge of 18%. Nonetheless, the charges are nonetheless [...]

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 [...]

A Lesson from History About Taxes, Section Three: Taxation in Ancient Egypt and The Rosetta Stone

W. Marc Gilfillan W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes… The Rosetta Stone, unearthed by Napoleon, was perhaps the most seminal Egyptian archaeological discovery in history. The Stone had duplicated text in three different languages: Egyptian hieroglyphs, demotic (also called Egyptian script) and Greek. [...]

A History of Taxation, Part One: Taxation in Ancient Egypt

W. Marc Gilfillan W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes… Ancient Egypt wasn’t a place of cruel taskmasters and oppressed slavery – that is only the stigma we get from the tale of Moses, which came at a time of turmoil in Egypt. Modern [...]

Great Tax Credit

When you invest in anything, you will be required to pay taxes in one form or another. If you invest in real estate, then you pay property taxes. If you invest in stocks, then you pay capital gains taxes. In the US, The Internal Revenue Service or the IRS collects taxes and enforces the internal [...]