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Federal Income Tax
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When you opt for filing federal income tax online, your tax refunds are faster than normal. This is because of the electronic tax rapid refund system. The funds are directly transferred to your bank account. There is no extra charge for this service. There is no need for hiring someone to prepare your returns and then file it. The WebTaxService will help you prepare your tax returns and then file it directly through the electronic tax filing system. This is way faster and accurate than the normal tax filing system.
The FairTax legislation before the U.S. Congress repeals the income tax in favor of a national sales tax with a rebate that would "untax" purchases up to the poverty level. The Americans For Fair Taxation plan is to first pass the FairTax and then to focus grassroots efforts on HJR 16, sponsored by Congressman Steve King (R-IA), that proposes a repeal of the Sixteenth Amendment.
If this isn't a good reason to prepare and file your federal income tax return early this year, what else is? Look in your mailbox in a few months for that nice freebie, and don't spend it all in one place!
The FairTax proposes to replace the entire income tax system with a simple federal sales tax on new goods and services sold to consumers. The FairTax would repeal all federal personal income, payroll, corporate income, self-employment, capital gain, estate, death, and gift taxes.
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Business owners who have built, purchased or renovated in the past 10 years may be entitled to a federal income tax benefit. SOURCECORP Tax Benefits Group works with commercial property owners and their CPA’s to increase cash flow from constructed buildings, purchased properties and renovations by accelerating depreciation expense deductions.
The purpose of the Tax Calculator is to help employees calculate income tax that is withheld from their pay. It does not replace the W-4 Form, but most people find it more accurate and easier to use than the worksheets that accompany the W-4.
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