Want to strike fear in people hearts? Just mention the IRS! It's one of the most misunderstood government agencies. Our taxes support government operations, and social programs. Indeed without income taxes our health, education, national security and public welfare would be severely compromised or fail. Income taxes are the largest source of federal income and through transfers are a significant supplement to states, counties and municipalities. According to the US Government, income taxes represent approximately one third of all tax revenue collected in United States in 2010. Taxes affect many different aspects of business, government, personal and political decisions. A solid understanding of tax functions is fundamental and extremely useful for taxpayers. It's important to pay your taxes, but it's even more important to not pay too much.
A Tale of Three Accountants
Once upon a time there were 3 accountants. Each was successful and ethical. Our hero, John Taxpayer … Read More