Tax Trivia: Madison Square Garden has been exempt from property taxes since 1982, which means New York City is missing out on $50 million a year.
If you have been receiving certified mail from the IRS, you must act immediately. This is because, in most cases, IRS sends you certified mail to levy bank accounts, levy wages, and to file tax liens against you.
You can change your federal withholding at any time. Simply resubmit a new W-4 form to your employer. That way, if your income changes (for example through freelance work), you can avoid owing more taxes when you file your return.
The very first income tax in the United States levied 3 percent on incomes between $600 and $10,000 and any amount exceeding $10,000 was levied at 5 percent. This was started in 1862 and remained in place until 1872.
Is your business going through a down period? A qualified tax planning and preparation service has the skills to help minimize the financial impact of your taxes.
During tax season, the IRS is said to send out an average of eight billion pieces of paper. If each sheet of paper were laid out end-to-end, it would circle the earth 28 times.