The taxation history of the United States begins in 1760, with colonial protest against the taxation policy of the British, which lead to the American Revolution. Taxes were collected on imports, whiskey and on glass windows for a while by the independent nation. States and localities collected property tax on commercial building and land. State […]
California State Taxes Are Among The Highest In The United States California has always had a bit of a reputation for high taxes, but that reputation wasn’t always as well-deserved or as accurate as many people would make it out to be. Today, however, saying that California has high taxes may be the understatement of […]
A look at the Republicans New Tax Plan The Tax Cuts and Jobs Act signed on the 22nd of December 2017, will usher in changes in 2018 There are some significant changes to existing tax rates, affecting both businesses and individuals. For some it may be good news and for others it may be […]
Can you deduct legal fees you have incurred when filing taxes? The answer is complicated, the guidance is provided by the Internal Revenue Service Publication 529. In short, it depends on what the legal fees were in regard to. The general rule, as stated by the IRS, is that: “You can usually deduct legal expenses […]
