How To Appeal For Property Taxes
Every day there has to be a challenge in life, simple or complex, traditional or scientific, domestic or general, cooperate or health wise. The difference is how do you deal with it and face your challenge? The mechanisms used are simple sometimes complicated but thanks to technology life has never been this easier before. Paying tax can be very hectic, resource consuming and deplete the income we earn especially if it has to be paid in bulk or cumulative portion.
Technology makes life worth living
Real estates, plant and machinery, inventories, equipment, manufacturing goods and services, structures both business and personal properties. Most valuable assets are estimated and taxed by the assessors who are really mean. Their main aim is to maximize government revenue and the best they can do is getting your potential catch and ensure you pay the rated and estimated tax. You may not certainly be satisfied with their decision and the first step is to appeal your case through the country’s tax board or revenue collection authority.
Most assessments are based on opinion by the assessor on the market value of those particular assets which may just be perceived and not true in the reality. Therefore one has to produce evidence of different properties as per the assessment dates. This may include appraisals done by different independent valuator and auditor, or comparison from different assets of the same kind in the same geographical area at that specific period.
Do your duty
The body concerned with the appeal petitioned may decide to reduce your taxes based on enough evidence or order for a fresh valuator to carry out the process once again. The petition has to be filed within the specific given duration and stipulated time framework given by the authority. It has to be addressed to the right party and all conditions and rules followed, written in right terms and clauses.
Missing deadlines for filing may mean trouble on your side and case may be rejected by the magistrates and that can be a blow to the complainant. Such mistakes cannot be afforded when appealing so one has to be careful and not leaving out every bit of needed information and details to win such cases. Building your business empire is all initiated in your own hands, stepping forward for your right and taking or claiming what rightly belongs to you.
Tax can be reduced or waived through an appeal but never avoid to pay your taxes and exercise your duty as a patriotic citizen of a country. This contributes to economic growth through generation of income as a source of revenue. Making a difference in management and taking the country forward in earnings and thriving in most of the sectors.
Article written by Jet Russell. Jet is a full time blogger and Internet Entrepreneur and does a lot of outreach for a law firm called 1800LAWFIRM – which specializes in being “Easy Access to Legal Solutions.”
Categories: Federal Tax, Income Tax, State Tax, Tax Law Tags: law firm, tax deductions
Man in Clarksville Guilty of Tax Fraud
A man in Clarksville had pleaded guilty in a federal court for the crime of filing a false tax income on January 14, 2013.
The man’s name was James Robert Sanford, 53, and in addition to filing a false tax income he was also guilty for aiding and abetting a false claim for a federal income tax refund. Jerry E. Martin, an Attorney for Tennessee, officially announced the news.
Sanford had brushes with the law a couple of years before this incident. On November 30, 2011, Sanford had been indicted by a federal grand jury in Nashville, and was charged with 6 counts of filing false income tax returns. Based on the indictment filed, Sanford had prepared and filed 2006 and 2007 federal income tax returns for him and his wife, knowing full well that the returns were fraudulent. The 2006 tax return claimed refunds of $5,774 and the 2007 tax return claimed refunds of $4,276.
Not only has Sanford filed false income tax returns for himself, but he did it for others as well, making a profit through his schemes. The returns that he claimed for these refunds for others were from $3,490 to $7,128.
Sanford will be sentenced on April 8, and he is likely to face a maximum penalty of 5 years imprisonment, in addition to a $250,000 fine for each false income tax return he made. He has come clean for all the false income tax returns he has claimed, and will be sentenced by Chief Judge William J. Haynes, Jr.
Categories: Federal Tax, Income Tax, Tax Evasion, Tax Law Tags: federal income tax, federal tax, federal tax fraud, income tax, tax crime, tax evasion, tax fraud
Florida Prisoner Caught Filing Fraudulent Federal Income Tax Returns
It seems that prison isn’t a good enough reason to keep you from cheating on your federal income tax.
WJHG (Source Below) has reported that Michael William Joseph III, an inmate of the Apalachee Correctional Institution in Florida, has pleaded guilty for filing fraudulent federal income tax returns to the IRS. This wouldn’t be Joseph’s first conviction of tax fraud, however. He has been serving time for faking federal income tax returns dating all the way back to 2006.
Prison, however, hasn’t kept Joseph from trying to scam the government with some fake federal income tax returns. He had filled out a series of tax forms with fabricated amounts of income and deductions. He had used the identities of his co-inmates in order to validate his returns. The illegitimately refunded federal income tax would then be deposited to various accounts he had control over.
What had tipped off Joseph’s tax scam was the size of his illegal refunds. Joseph had sought a total of nearly $180,000 in federal income tax returns. For a time it seemed that Joseph had managed to pull his scheme off when the government cashed him out for an alleged $50,000.
But investigators quickly got wind of his scam and successfully retrieved over $17,500 of the unlawfully refunded federal income tax from his personal bank account. An additional $11,600 was found in the mother’s ex-husband’s backyard.
The fifty three year old Joseph was indicted on various charges including but not limited to filing false federal income tax returns. Other charges include theft and mail fraud, amounting to a prison sentence of up to twenty years.
Categories: Federal Tax, Income Tax, State Tax, Tax Evasion, Tax Law Tags: avoiding taxes, federal income tax, federal tax, income tax, IRS, tax code, tax court, tax crime, tax evasion, tax fraud