A History Of Taxes - Part 1: Difference between revisions

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Latest revision as of 11:38, 21 September 2024

Invincible? Alphonse Gabriel Capone, notoriously called "Scarface," ruled the streets of Chicago for over a decade (1919 - 1930) During these years, Capone rose to power through any means necessary, which included but was not limited to: bootlegging, gambling, prostitution, assault, theft, arson, and murder. When Elliot Ness brought down Capone in 1930, the authorities did do not have enough evidence to charge him with any of the above incidents. However, it is understandable that the most famous Gagster in American History was arrested and jailed solely for income tax evasion.

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Identity Theft/Phishing. This isn't so much a tax reduction scam as a nightmare wherein identity thieves try get information from taxpayers by acting as IRS spies. Often they send out email as though they come from the Irs. The IRS never sends emails to taxpayers, so don't respond to these emails. If you're not sure, call the IRS and ask them if there's an easy problem. You can transfer pricing reach the internal revenue service at 800-829-1040.

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The increased foreign earned income exclusion, increased tax bracket income levels, and continuation of Bush era lower tax rates are excellent news for all your American expats. Tax rules for expats are specialized. Get the professional help you need to file your return correctly and minimize your U.S. tax.

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