Tax Specialist Advice

Most IRS audits are routine civil examinations. Honest taxpayers make mistakes, yet it is sometimes hard to distinguish between an IRS allegation of fraud and a routine civil audit adjustment to your income tax return.
If you need help with your income tax preparation, be sure to find a qualified tax advisor. Unqualified tax [...]

In news reports, they keep announcing all the gains that are being made in America over the course of the much-applauded recovery; companies should be turning out better profits, and companies work to be generously adding to their jobs rosters constantly. Even so, compared to how many people are unemployed out there, these modest gains [...]

Taxes and savings rate percentages decide your future finances
Know how your present personal savings rate determines your future personal finance goals. Beyond your hard work to earn more money, your savings rate primarily affects your lifelong financial planning success or failure by steadily and more substantially feeding your investment portfolio.
You consistently should spend currently at [...]

When a person owns a company of their own, most times they will have their own accounting personnel do the income taxes for the company.
Most often when people use accounting for income taxes, it is a way for them to be sure that their taxes are being done securely as well as done properly. [...]

Raleigh NC Accountant
In a recent 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).
And I mentioned in that email, there were rumors that said people would be able to take a deduction for contributions to Haiti on this year’s (2009) tax return – rather [...]

Raleigh NC Tax Preparation
A few days ago in a email news post I made reference to the fact that the natural disaster that occurred in Haiti is currently a qualified disaster says the IRS (http://www.irs.gov/newsroom/article/0,,id=218615,00.html).
I said in the email that there are rumors that said people are able to make a deduction for contributions to [...]

Raleigh NC Tax Preparation
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
1861 – After Lincoln was elected, southerners walk out of Congress and create the Confederacy with a new constitution to curtail the power of their newly formed country to tax.
1862 – The first US income [...]

Raleigh NC CPA
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
From 1868 to 1913, almost ninety percent of the national government’s income was gotten from taxes on whiskey and tobacco. During the Civil War the government instituted a short income tax, but it was not until [...]

Raleigh NC CPA
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
So, what went wrong with taxes in the US?
US tax makers have been collecting what they have sown for a long time. Our honor system has been replaced by a system in which every tax payer [...]

Raleigh NC CPA
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
Can there be a doubtful thoughts concerning this topic? Certainly the American Civil War was about slavery… was it not? Well actually, one [...]