first blogs info

Imagine paying off your mortgage 5 or 10 years earlier than the 30 year arrangement you originally set up. Many people are doing just that by paying a little more towards their principal each month.

As an example, consider the following loan terms and house value:
Value of home: $200,000
Term of loan: 30 years
Loan amount: $150,000
Interest rate: 6%
Monthly payment: $899.00*

*This amount is principal and interest only, and does not include insurance, taxes, association dues, fees, or assessments.

If you were able to pay an additional $100 per month towards the principal of your mortgage, you would reduce the number of months from 360 months (30 years) to 279 months (about 24 years). This is a 6 year savings!

Additionally, consider that you will be paying 30 years of interest on this loan totaling $176,757. At the end of the loan, you end up paying $326,757 for the $150,000 loan you agreed to pay. By making the extra $100 payment per month, your total interest is reduced to $128,470. A savings of $48,287 for the same exact house! In order to find the extra $100 per month in your budget can be difficult sometimes. It may mean cutting back on eating out, doing your own housework, taking on a part-time job, or finding other unique cost-cutting measures.

If you bought your home with less than a 20% down payment, your bank is most likely charging you private mortgage insurance (PMI). The instant that you own 20% of your home, be sure you contact your bank to have them remove the fee for this hefty insurance. Mortgage companies require that you pay PMI if you don’t have 20% or more as a down payment — this is to protect the lender in case you default on the loan.

What if you don’t have an extra $100 per month to apply to the principle? Many banks now offer a service where they will automatically remove half of your mortgage payment from your checking account every other week. In our above example, it would mean paying $449.66 every other week instead of the $899 monthly mortgage payment. Because some months are longer than others, you end up paying an additional mortgage payment over the course of the year. For example, when you enter in the every other week schedule of paying roughly $449.66 into the Mortgage Saver calculator found at www.MortgageSaver.com, it will show a savings of $36,211.03 over the course of the loan as well as 6 years and 3 months. Check to see if your bank will arrange this service for you free before paying a third party company such as Equity Accelerator or Mortgage Saver. The third party companies will charge a start up fee along with transaction fees every other week. If your bank cannot arrange for every other week payments, a third party company is still a viable option.

You may choose to send an additional $100 extra each month ($50 per payment) towards your loan to accelerate the process even more. If you manually send in an extra payment via a check, be sure to indicate that the extra money should be applied to the principle on your loan. If you are shopping for a new home, consider a 15 year or even a 20 year loan instead of a 30 year loan. Although the monthly payments average about 30% more per month depending on your interest rate, you own your home in half the time!

The prepayments on your mortgage provide a great return on investment! Whatever extra payments you pay can shorten the life of your mortgage. You will be pleased with the savings you see with the prepayment strategy and the speed in which you build equity in your home.

The author, Kimberly A. Griffiths, has been through the vicious cycle of debt herself, and provides a no-nonsense system to managing your money paycheck to paycheck. Visit the One Paycheck at a Time Web site for articles and tools to budget your household: http://www.OnePaycheckataTime.com

Asset protection works best when you start before you have a significant number of assets that need protection. You need to fix the roof before the rains pour in. The earlier a trust is created, the greater the benefits.

The time you usually worry about your assets – when facing a divorce, lawsuit, creditor demands, or a tax lien – is when you can kiss your stuff goodbye. If you have not protected it by then, it’s not your property. It belongs to whoever the judge says it does.

Trusts used to be the last thing a middle-class taxpayer had to worry about. Estate taxes were the problem of the rich. A trust, along with appropriate use of corporations and limited liability companies, means never having to give your property to the ex-anyone again.

As it stands now, with modest homes in many parts of the U.S. fetching over $1 million, trusts are the most powerful asset preservation device available. In addition, all gifts and bequests should be made and kept in trust instead of being given outright.

What we call a BCT (Beneficiary Controlled Trust) goes by a more accurate description of “Crummey Defective Grantor Spendthrift Trust”.

Crummey is the name of an individual who challenged the IRS and won, not a depiction of the quality of the trust. For that alone he deserves your respect and admiration.

In our Beneficiary Controlled Trust, the beneficiary also serves as trustee, hence the control. Crummey powers are handled by the second trustee, known as the Distribution Trustee, but all control and decisions remain with the beneficiary/trustee.

The BCT is designed to:

1. Give the beneficiary beneficial use and control of trust property without having ownership which can be reached by creditors or distributed by a judge in a divorce case. You can’t lose property in a divorce settlement if you don’t own it.

2. Have no negative gift or estate tax for the beneficiary or the person creating the trust (Grantor).

3. Own businesses in the form of corporations or LLCs to provide protection from personal liability from debts of or judgments against the business entities.

4. Pass income earned by the trust to the beneficiary to be taxed at lower individual tax rates.

5. Provide a way for parents to use their annual gift tax exemption to transfer wealth to children or grandchildren without estate tax issues for either the grantors or beneficiaries.

6. Restrict income and principal distributions only for HEMS (health, education, support, and maintenance). Distributions are discretionary, not mandated. HEMS conforms with IRS standards to make sure the assets are not included in your estate, and cannot be reached by creditors.

7. Gives you the right to replace the Distribution Trustee (2nd trustee) at any time. While this might not seem important at first, this is one of the few irrevocable trusts that can be “rewritten”. The trust can continue for the beneficiary’s lifetime and for successive generations. The only caveat is that the beneficiary/trustee may not rewrite in such a way as to increase his own benefits.

8. Our BCT has special testamentary powers of appointment which allows you to direct who receives the trust property upon your death. To prevent assets from becoming a part of your estate, the BCT will prohibit you from giving any property to creditors, your estate, or estate creditors. You can now pass the trust assets on to your family or charities or anyone you choose.

9. For parents who want to help their children start a new business, funds given outright to the individual child are exposed to claims of creditors or ex-spouses. Seed money contributions to the trust can be used to form a corporation or to organize a new limited liability company. An LLC owned 98% by the BCT, and 1% owned each by two natural persons such as the parents, is the structure we have found to provide superior asset protection. The LLC can then acquire assets 98% owned by the trust. An alternative is to use a no-asset corporation as manager of the LLC, and have the trust own 99%.

10. The beneficiary has no enforceable right to demand income or principal from the trust, so creditors cannot step into the shoes of the beneficiary and force a distribution. In bankruptcy, the beneficiary cannot voluntarily or involuntarily assign his interest in the trust for the benefit of creditors.

If you have full ownership of property, creditors, spouses, and the IRS can come gunning for you. Failure to exploit trusts to their maximum advantage puts a bull’s-eye on your chest.

When distributions are subject to the absolute discretion of the independent Distribution Trustee, even though the beneficiary can replace that independent trustee, you now have unequalable divorce and creditor protection.

Charles Lamm is a retired attorney and owner of Trustee and RA Services, Inc., in Coral Springs, Florida. His asset protection articles appear on his blog at: http://www.corp-llc-bct.com To learn more about how to combine a corporation, LLC, and Beneficiary Controlled Trust for maximum asset protection and tax benefits, please email him at: asset-protection@corp-llc-bct.com

As part of your year-end planning exercise, take a moment to consider what would happen to your assets and surviving family if you were no longer able to care for them. Then consider the potential benefits of setting up a trust. Trusts are an effective means of helping protect important assets, providing for beneficiaries and managing taxes. And, contrary to popular belief, trusts are not just for the wealthy.

A qualified attorney can help you set up a trust fairly easily that can be used for any number of practical purposes, such as:

• Controlling assets and providing security for beneficiaries.

• Providing for beneficiaries who are minors or who require expert assistance managing money.

• Avoiding estate or income taxes.

• Providing expert management of estates.

• Avoiding probate expenses.

• Maintaining privacy.

• Protecting real estate holdings or a business.

Trust Definitions – A Quick Primer

A trust is a legal arrangement in which you, the owner of the estate and the trust’s grantor, transfer the legal title of that estate to somebody else – the trustee – for the purposes of benefiting one or more third parties – the beneficiaries. The trustee, who may be a person or corporation, is given title to the property in accordance with the terms of the trust agreement.

There are two general categories of trusts: revocable and irrevocable. Revocable trusts can be changed or “revoked.” Irrevocable trusts cannot be changed once they are set up. Most revocable trusts become irrevocable at the death or disability of the grantor. The assets you place into an irrevocable trust are permanently removed from your estate. Income and capital gains taxes on assets in the trust are paid by the trust. Upon your death, the assets in the trust are not considered part of your estate and are therefore not subject to estate taxes.

A Trust for Every Purpose

There are many different types of trusts – each serving specific needs and involving different tax and legal considerations. While a thorough discussion of the many different types of trusts is beyond the scope of this article, following is a brief review of a few widely used trusts.

Living Trust. A living trust allows you to be both the trustee and the beneficiary of a trust while you’re alive. You maintain control of the assets and receive all income and benefits. Upon your death, a designated successor trustee manages and/or distributes the remaining assets according to the terms set in the trust, avoiding the probate process. Living trusts are also an ideal way to provide for management of your financial affairs in the event of incapacity. You, not the courts or an improperly motivated family member, choose who will manage your finances.

Credit Shelter Trust. Married couples enjoy many protections with regard to estate planning. For instance, under the unlimited marital deduction, husbands and wives do not have to pay federal estate tax on assets transferred to each other. This benefit works well until the death of the surviving spouse, at which point nonspousal beneficiaries (typically children) may face a significant federal estate tax bill on any amount in excess of the current estate tax exclusion ($2 million through 2008).

To avoid this problem, couples should include a credit shelter trust in their estate planning documents. With a credit shelter trust, you divide your estate into two parts. One part is left to your spouse, and the other is placed in a trust. Any amounts left to your spouse are tax free due to the unlimited marital deduction, while those in the trust – up to $2 million – are sheltered by the estate tax exemption.

When your spouse dies, the trust assets will pass to your children or whomever else you’ve named as beneficiaries. The trust assets won’t be taxed as part of your spouse’s estate. The assets that passed to your spouse outright will go to whomever your spouse has chosen. These assets will be included in your spouse’s estate for tax purposes, but your spouse’s own exemption will offset some or all of the tax due. Using this planning technique, a couple could currently pass up to $4 million to their children or other beneficiaries estate tax free.

Irrevocable Life Insurance Trust (ILIT). This type of trust is often used as an estate tax funding mechanism. Under this arrangement, you make gifts to an irrevocable trust, which in turn uses those gifts to purchase a life insurance policy on you. Upon your death, the policy’s death benefit proceeds are payable to the trust, which in turn provides tax-free cash to help beneficiaries meet estate tax obligations.

Qualified Personal Residence Trust (QPRT). A QPRT allows you to remove your residence from your estate at a discount. Under this arrangement, you get to use the home for a predetermined number of years, after which time ownership is transferred to the trust or beneficiaries. Any gift tax you might incur from giving away the property is discounted because you still have rights to the house during the term of years spelled out in the trust. The potential drawback is that if you die before the term of the trust ends, the home is considered part of your estate.

Charitable Trusts. To help benefit your favorite charity while serving your own trust purposes, you might consider a charitable lead trust (CLT) or charitable remainder trust (CRT). CRTs and CLTs are often described as mirror images of each other: CRTs provide an income stream payable to the donor, a family member or other heir for a designated period of time, after which the remaining principal goes to charity. CLTs, conversely, pay the charity a stream of income for a period of years, after which the remainder is paid out to designated beneficiaries, typically family members.

Perhaps one of the biggest benefits of trusts is that they allow beneficiaries to enjoy property ownership while minimizing the tax exposure to those involved. Keep in mind that trusts are legal documents – an estate planning attorney can help explain the complexities of specific trust arrangements.

This article is not intended to provide specific investment or tax and legal advice for any individual. Consult your financial advisor, your tax advisor and a qualified attorney or me if you have any questions.

http://www.mosshartwealthmanagement.com

Joshua D. Mosshart CHFC, CEA

Budgeting is important to your family’s financial health. Those with strong budgets tend to have their lives in much better order financially. Slowly, no matter what kind of income you have, you’ll see your net worth increase as you stick to your plan.

But what if your plan is weak?

Following is 10 steps to help improve your budget:

1. Use Microsoft Excel- Don’t waste your money on expensive budgeting programs. You can have a budget that is just as effective using some type of spreadsheet (Excel or Google Spreadsheets work fine). Simply learning a few formulas online, you can create a fully-customizable budget that adds, subtracts, multiplies, and divides any figures you need.

2. Determine Your Net Income- Doing a budget off a gross income makes it more difficult to compute. Taxes will be taken out of your check each time and that money may never be realized until you get your tax return back for the year. Be sure to calculate off a net figure; in other words, how much do you bring home monthly/weekly AFTER tax? You’ll have a better grip on what money you actually have to work with each month this way.

3. Determine Your Fixed Costs- What sort of expenses can you expect each month that don’t change? These are fixed costs, and you should have a category for them so you can see what are solidified expenses that can’t be avoided. Typically, your fixed cost line doesn’t have any wiggle-room. It could be a car payment, home mortgage, or insurance expense; these don’t change month to month.

4. Know Your Variable Costs- A variable cost is one that tends to do just that- vary. This could be your grocery bill, entertainment fund, misc. fund, gift fund, etc… From month to month, these tend to be a bit more flexible; if you know you’re going to be tight for money one month, look to you list of variable costs to cut where you can.

5. Every Dollar Needs a Spot- Make sure that every dollar has a place to go. There shouldn’t be any money at the end of the month that doesn’t have a job. Categorize where all of your money will go. If you fail to do this, you’ll end up spending what extra money could be saved!

6. Set Goals- If you have no end goal, you’ll fail with a budget! Is there a new home you’d like to get your hands on in the next 2 or 3 years? Maybe it’s the car you’ve been dreaming about since you were young. Whatever the case may be, have a goal and let that be your motivation to stick to that budget. If not, you will fail!

7. Save Your Receipts- If you don’t save every receipt, you’ll find that remembering all of your expenses will be tough! After making a purchase, make sure that you not only get a receipt but have a ready spot to put it. That way, at the end of the night when you’re updating your budget, you won’t let any expense fall through the cracks.

8. Update Your Budget Daily- This one is a must! Make sure you don’t wait until the end of the month to track all of your money’s goings and comings. You’ll find that your results will be inaccurate; and if that’s the case, what’s the point of your budget?!

9. Evaluate Each Month- If you’ll take a good solid 30 minutes at the end of the month to go over what happened with your money, you’ll have the statistics to help you see strengths and weaknesses; those numbers promote change. Otherwise, you might find that you’ve spent a lot and you know you need to change, but you won’t be able to identify those areas that need it most.

10. Have A Leisure Fund; Have Some Fun- You’re budget should create a little room to have a little fun! Budgets tend to have a bad reputation because they are often too restrictive. Allow you and your spouse to have a little fun with that hard earned money! Lay aside x-amount of dollars for a “leisure fund” each month to help keep your sanity. After all, you have to have a little fun with your money, right?!

Trever Shipp, the author, works as an online business consultant, student, husband, and business owner. Follow his personal finance blog and see how he and his family take finances by the horns and steer them to success.

The process of online income tax filing can be much easier than traditional means and much less expensive than paying for an accountant to assist you. In addition, many online tax filing services offer eFiling, which when combined with direct deposit can result in getting your refund in as little as 1 – 2 weeks.

However, that does not mean that you will not have questions about how to prepare your return or what a certain 1099 means or how to enter a receipt. Online income tax filing can still be a complicated process and for that reason, there are plenty of services and individuals who can assist you in getting everything organized and figured out.

Being Organized

The first thing to do for online income tax filing is to have all of your paperwork in order. Even the most experienced professional may have a hard time untangling your tax mess if you do not have the W2s, 1099s, receipts and past returns you need to fill out your current return.

Find everything you will need, organize it all into a nice and neat file and then start the filing process.

The most common documents you will need are:

• 1099s
• W2s from every employer
• Receipts from all charities
• Property tax receipts
• Records of the purchase price of all stock and mutual funds sold during the year
• Receipts for medical expenses
• K-1s (if you are a partner in a partnership, or member of an LLC)
• If you own a business as a sole proprietor or single member LLC, your complete business books and records of all income and expenses

The above documents are just for starters. As you go through the process online, you will likely be asked for additional documents. Don’t be concerned–most online filing services permit you to save your progress and come back later.

The Filing Process

When you start filing your taxes, you will want to decide which service is best suited for your needs.

For online income tax filing, there are 19 different websites to choose from via the IRS homepage.

Each site offers a different set of features but is considered trustworthy and tested by the IRS. Visit a few of these websites and view their rules and feature sets to decide which one will best meet your needs.

Tax Preparation Help

When you file your taxes online, you will be given a decent selection of resources to help you in the process. Online income tax filing sites usually provide a full annotated copy of the tax code integrated into their help services, allowing you to figure out what each form and line means.

They will also include a frequently asked questions section for you to find the answers to those questions that many other people have. If the site you are considering does not offer these services, look for a different one that does.

However, if the basic information that an online income tax filing website offers is not enough, you have still more options – though these options may cost you a small bit of money. Many of these websites will feature real time tax support from professionals who can answer your questions. These individuals can be reached via instant message from within the software or via a phone call to the company’s call center. You can also look for local tax preparation experts who may be willing to offer you the same advice for a better price. However, it can be confusing to try and take offline advice for an online return.

The process of filing your taxes online can seem daunting at first, but if you take the time and energy to do the research and be fully prepared when it comes time to answer those automated interview questions, everything is much easier and faster.

Simon Maher is a contributor for OnlineTaxFiler.com
Get more deductions and faster refunds by filing your taxes online this year.
Find the right online tax filing program for you with exclusive customer reviews and reports of all the major online tax filing services at OnlineTaxFiler.com.

Copyright 2008 Native Elements, LLC and OnlineTaxFiler.com

Internet has altered the world in an amazing way. With more than 200% growth rate in last 5 years, numbers of internet users keep increasing enormously. More and more people have started to use internet as a medium of interacting with other people, buying and selling online. Internet market has grown to a huge stature. We are living in the era of tax mistakes where over 200$ billions were spent last year on shopping online. These figures reflect on the importance of internet for buying or selling any product or service, though we will focus on buying and selling properties in this article.

Accessibility:

New technologies are emerging continuously to make internet accessibility a lot easier, faster and convenient. You can access internet from your home through dial-up, connect to the internet anywhere using Wi-Fi devices, and even operate from your mobile phone to access World Wide Web. This accessibility enables taxes to browse through several property buying and selling services available at internet, anytime from anywhere.

Description & Images:

Property sellers often provide images of their properties along with descriptions. You can read description and take a look at property image to have an idea of how the actual property looks like. There’s no need to visit a number of properties personally before you decide to buy one. Internet brings the images on your monitors, so that you can have a quick look at hundreds of properties without going to the location yourself, which saves both, traveling expenditures and time.

Easy on the pocket:

Another encouraging aspect of using internet for buying or selling real estate is its low cost. You can avoid much expenditure by using internet. Apart from saving the traveling cost, buyers can save a good deal by comparing prices and picking out the best one. Sellers can benefit from internet by posting their property for sale online and reaching out directly to interested buyers, eliminating the need of agents and their hefty charges.

Time Factor:

Internet allows you to buy, sell or market your property at any time. You do not need to wait for business days or working hours to communicate with agents, buyers or sellers. As soon as you decide to buy, sell or invest in real estate, get online and start browsing through various available options. Free real estate directories like www.bayut.com, can get you started in no time.

Development Locations:

If you want to visualize the exact location of some future development project before investing in it, you can have a look at road maps or satellite views provided with descriptions. You can have an overview of its surroundings and tax leading to that particular development, making it easier to evaluate the property price.

William King is the director of Wholesale Suppliers Dropshippers Directory and Pakistan Property & Pakistan Real Estate Portal He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

A tax attorney is one of three different types of tax professionals that can help you resolve your tax problems that arise from an audit, collections, or an appeal problem. They can also help with complex tax and estate planning, dispute resolution, and complex return preparation. When looking for this type of tax professional you should find one with a special tax law degree or they have certification that they are a tax law specialist with the state bar association.

When it comes down to deciding if you should use this type of tax professional to solve you tax problem you need to consider your type of tax problem and the likely course of action for solving your tax problem. Below are the top 3 strengths that this type of tax professional has over a CPA or enrolled agent. Keep in mind that these strengths are beneficial to certain types of tax problems.

1. May offer legal advice that other tax professionals cannot – They are aware of the many tax laws as well as many other related laws. Other tax professionals may not have the expertise to give advice relating to these types of laws. They can also offer alternatives such as bankruptcy that other types of professionals wouldn’t. Going through bankruptcy could be an option for you if you owe certain types of tax debt, if you would like to understand if it is an option for you, you must talk with a tax attorney.

2. Superior Negotiation Skills – If you have a tax problem that will require a lot of negotiation with IRS personnel it could be beneficial to have an attorney on your side to do the negotiations. However, it other tax professionals can be just as good at this depending upon their experience and knowledge of the particular tax situation.

3. Attorney Client Privilege – A tax attorney is the only type of tax professional that is totally legally exempt from being forced to testify against you if the IRS were to decide to testify against you in the future. An enrolled agent has some privilege, but not the same as a tax attorney. With this being said, it is extremely beneficial for you to use a tax attorney to represent you if the IRS places criminal charges against you or if you have been accused of tax fraud.

Based on the information above, a tax attorney should be used for all criminal tax cases, tax fraud cases and tax bankruptcy. To understand your options fully, it is best to talk to multiple types of tax professionals to get all different types of options.

Visit backtaxeshelp.com to find more solutions solutions to finding Help With Back Taxes. We are a site dedicated to helping individuals resolve their tax issues.

Find connections to tax professionals and lots of useful information about specific tax debt problems and the best way to solve these problems. More information on using a tax attorney to help with tax problems.

Is looking your best tax right thing to do? I say it is. You never know who you are going to come in contact with. If you are single, there is a 50-50 chance you may come in contact with your potential mate. Do you really think you are going to meet him if you have rollers in your hair while shopping for groceries? Do you really think you are going to meet her wearing the shirt covered in paint stains? More than likely the answer is no.

So why not take the extra time to pay close attention to what you look like and increase the chances of you taxes the kind of people you are drawn to. In addition, thinking about how you look and creating an image in your mind of how you would like to look is definitely important to the image you project.

Here are some tips to help your vision turn into a manifestation.

1. Inspect your shoes. What do you observe? Are there taxes scuffs, mud, and etc. Scrutinizing the way your shoes look suggests that small details.

2. Inspect each item of clothing you own. Look for snags, stains, and broken zippers. Determine what can be repaired and what cannot be repaired.

3. Assign a specific time each month to complete the inspection.

4. Give away clothing to charity. Clothing, which is too big, too small, not your style, etc…, can benefit someone else. An added bonus is a tax deduction.

5. Take back clothing which still have tags attached and has not been worn in the past two weeks. You are not going to wear.

6. Dedicate time to creating an organization system in your closet. There are several ways you can organize your closet: 1. Capsules 2. Colors 3. Length 4. Lifestyle. The main thing to remember is to organize your closet for functionality. Whatever system you use should assist you in minimizing the time it takes to get dressed.

Cassandra Hawkins-Wilson is the president of Sensational Image Consulting, Inc. She provides consulting services to individuals and corporate groups. Previous to starting Sensational Image Consulting, she worked in the retail industry, non-store retail industry, and as an educator. She graduated from Jackson, State University with a B.S. in Psychology and a minor in Political Science. She is pursuing graduate studies in English and Fashion Merchandising. She is a member of the Association of Image Consultants International and the Madison the City Chamber of Commerce.

Sensational Image Consulting
http://www.sensationalimageconsulting.com
info@sensationalimageconsulting.com

Where it Starts…Chances are, you didn’t plan for this to happen. You tried to keep up with your taxes, but at some point they slipped away from you. Now you’re getting letters in the mail from the IRS. At first you weren’t too concerned, but you just got a letter that’s different from the others. This one says: Notice of Lien. You don’t know what it means, but it doesn’t sound good.

What’s a Lien? When the IRS is trying to collect “their money,” one of the ways they do it is by implementing a Tax Lien. They usually place it on your credit, because this gets you to stop thinking about your personal life, and start thinking about the IRS. When a lien is placed on your credit, it takes the affect of a “black spot.” Not only does it prevent you from using your credit for anything (loans, purchases, etc.) but it can virtually destroy your credit score. Even if a lien is removed, it can still affect your score for several years.

Can I avoid it? The best way to avoid a lien is to avoid debt all together. Make sure you file every year and do whatever you can to pay any debt that you owe. The second you think you’ve dropped off of the IRS radar, you’ve raised yourself to the top of their Hit List. The IRS doesn’t take kindly to people who aren’t in contact with them. Another way to avoid a lien, is to take those first two letters you receive very seriously. Don’t just set it aside and try to ignore it. Because the only thing that happens after those first two letters is a lien.

Can I Remove it? Depending on the circumstance, liens can be removed. If you’re already dealing with a lien, it’s in your best interest to seek professional help. There are several reputable companies in the market that are ready and willing to assist you with your issue. But make sure they are legitimate. Check them out with the Better Business Bureau or Dun and Bradstreet before doing anything else.

Now you have the smoking gun…Use it!

Richard Close was an IRS-Hitman. He was a revenue officer who took out anyone that owed the IRS money. He left that behind and now helps thousands of Americans beat Uncle Sam and save thousands of dollars. The IRS-Hitman can help you with your tax debt problems. He has partnered with Tax Defense Network to offer free advice and tips on removing wage, bank, and tax levies; and arms you with the skills to slash your tax debt. Visit at: http://www.irs-tax-levy-hq.com Contact: http://www.taxdefensenetwork.com or call 1-888-248-9058

Imagine a world without taxes… Sounds nice, ha? Well, some people do not just dream, they make this dream come true. Is what they’re doing legal? not so much. Can you do the same? Sure you can. However, strong word of advice: do not try it at home.

So, how does it really work? How do you stand up to the Internal Revenue Service and just do not pay taxes?

Actually it does not work, and if you do that you may be in trouble. But for some people this cat and mouse game with the IRS is not so problematic, so they made up a list of reasons (excuses) for not paying taxes to the government. The IRS calls this list “Frivolous Tax Arguments”.

And here they are, the most outrages reasons for not paying taxes. Now remember, there are real people who instead of filing their tax return, send a letter to the Internal Revenue Service saying that they are not willing to pay any taxes because of the following reasons:

The filing of a tax return is voluntary – no it’s not, filing is mandatory, by law.

Taxpayer is not a citizen of the United States, thus not subject to the federal income tax laws – taxpayer can be a citizen, resident or non-resident and as such subject to tax.

The United States consists only of the District of Columbia, federal territories, and federal enclaves – The US consists of DC, 50 state and other territories.

Taxpayer is not a person as defined by the Internal Revenue Code, thus is not subject to the federal income tax laws – taxpayer is either a person or a legal entity and as such subject to tax.

Taxpayers can refuse to pay income taxes on religious grounds by invoking the First Amendment – No, the tax code is a federal law, and religious is not a ground for non-payment.

Federal income taxes constitute a taking of property without due process of law, violating the Fifth Amendment – TITLE 26–INTERNAL REVENUE CODE, imposes the federal tax, thus representing a due process.

Taxpayers do not have to file returns or provide financial information because of the protection against self-incrimination found in the Fifth Amendment – Wrong, filing a tax return is mandatory and Fifth Amendment is not a legitimate ground for not filing.

And the list goes on and on and on. Think it’s funny? Think it’s not real? Just go to the IRS website and read what the IRS thinks about those excuses and the people who make them up.

Conclusion

So, while we keep paying those nerve racking taxes and dream of a taxless world, other people join the tax resistance and use an almost believable reasons for not paying them taxes.

Keep dreaming.

Tax USA Inc.
————

http://www.tax-usa.net Tax USA, Inc. is a complete tax, accounting and financial management firm specializes in small businesses, corporations and high income individuals. Tax USA Inc.’s mission is to exceed clients’ expectation by providing superb tax, accounting & financial Management services. We offer our clients tax, accounting and bookkeeping services, CFO Outsourcing, Budget Review and Business Plans, Cash Flow Management, Payroll Services and Entities’ Incorporation.

Our Clients

We focus on small and mid size businesses, non-profit organization and high income individuals. Client list comprised of corporations, non-profit organizations and high-tech employees. Our corporate clients operate in various industries:

- Security
- Information Technology
- Internet
- Retail
- Manufacturing
- Transportation
- Real Estate
- Project Management
- Business Development