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Filing Taxes Doesn't Have to be Taxing


Except for a few odd individuals and the professional tax preparer, filing taxes have never really been anybody's idea of party time fun. Nonetheless, filing taxes are an obligation of the working adult's life. Nearly every country in the world has some form of tax system in place. In fact, there have been quite a few tax systems set in place throughout the world's history and all have faced criticism at some level. However, without collecting these revenues many facilities, programs and services that the population depends on, at both federal and state levels, would be impossible to keep running.

While there are different requirements between the two, it is still the responsibility of an individual or corporate entity to accurately and truthfully report all of their income when filing taxes. Otherwise, the appropriate tax codes cannot be applied, resulting in an overpayment or underpayment. An underpayment of taxes can lead to an unexpected and surprising tax bill with an accrual of interest. Any intentional efforts to present misleading information about one's income can lead to stiff fines and penalties, including imprisonment for the most deliberate cases. However, simple mistakes can and do happen and can be rectified rather easily.

The vast majority of citizens are honest, law abiding individuals who file their taxes on time. However, changing life situations such as divorce, death and illness can sometimes complicate filing taxes. No matter where one's life situation is at, if the minimum income requirement is met there is no reason not to file. Oftentimes, an individual can be caught off guard when their tax situation changes. What used to result in a refund may now require the filer to pay in and vice versa. Even if the filing dead line is missed, the general rule is that it is never too late to file taxes. The sooner one works to clear up any type of inconvenient tax situation, the better off that person will be.

Luckily, there has been great effort to help the average citizen with filling out what used to be long frustrating forms and deciphering confusing directions. Short forms with easy to follow instructions are now available and there is also the option of filing taxes using self guided online filing programs. Whether using one of the more popular programs or opting for the filing program provided by the IRS, individuals can get their returns filed easily and in a timely manner. Though most individuals and businesses still rely upon the help of a professional, most of these returns are still filed electronically.

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$1.7 million in state grants to boost two popular trails in Lancaster County ... - LancasterOnline

$1.7 million in state grants to boost two popular trails in Lancaster County ...
Funding comes from the state realty transfer tax, the Environmental Stewardship Fund, license fees for ATVs and snowmobiles, and federal money. ... Lancaster County, $37,500, to prepare and update the 2004 Bicycle and Pedestrian Transportation Plan.


Roy Baker, District 30 candidate, pledges to be statesman - Lincoln Journal Star

Roy Baker, District 30 candidate, pledges to be statesman
Lincoln Journal Star
Baker led Norris through rebuilding the district's school after a tornado ripped through it the day after school got out for the summer in 2004. “We were able to get everybody to pull together and even ... 30, according to his Nebraska Accountability ...

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Idle Iowa beef plant prepares to reopen this month - Capital Press

Idle Iowa beef plant prepares to reopen this month
Capital Press
To qualify for $4 million in state tax credits, 120 of the workers will have to earn at least $15.42 an hour. TAMA, Iowa (AP) ... Iowa Premium Beef officials recently took reporters on a tour of the plant that had been closed since 2004, the Waterloo ...


Stine v. Dell'Osso - The Recorder

Stine v. Dell'Osso
The Recorder
The retention letter indicated the firm " 'agreed to prepare the Federal and California estate tax returns and the fiduciary income tax returns for the estate, to provide [Springer] with tax planning advice concerning the estate and to perform any ...


Obama Hits The Trail - ABC News (blog)

Obama Hits The Trail
ABC News (blog)
President Obama's return to the campaign trail Sunday brought the return of one of his favorite stock characters. Cousin Pookie ... Jeanne Shaheen of supporting a national energy tax. As almost all of ... When Romney is excluded from the race, his ...

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