Disclaimer - Tax Shelters
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Disclaimer * Tax Shelters

Being Careful To Choose Legal Tax Shelters   
Carl LaFresnaye

There are some types of corporations that try to find loopholes in the tax laws that allow them to get out of paying such high taxes.

There are some companies that look for tax shelters, which are ways to reduce the amount of income that is available for the government to tax. There are many different tax shelters that are legal to use and corporations use them regularly. However, there are others that are not legal and have caused some corporations to get into a lot of trouble over recent years. In light of this, corporations need to make sure that they have a group of tax attorneys that are well versed in the use of tax shelters so that the company can avoid operating illegally which lead so fines, as well as jail time in some cases for the executives that are involved in the cover-up.

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School Board Supporting Sales Tax Increase (The Jacksonville Daily News)
The Onslow Board of Education is supporting the local sales tax option. Its members deferred consideration of a resolution endorsing the quarter percent sales tax hike referendum, which will appear before...

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IRS

Most companies are audited every few years to make sure that the financial records match what they are reporting to the federal government. This is why corporations have to hire such good accountants and tax attorneys, because an auditing process is very labor intensive and paperwork intensive, so the more everything is in order and questions can be answered promptly, the better for the company. When a company uses a lot of tax shelters they are even more closely watched by the federal government to make sure that the tax shelters are not a scam. When these are used illegally, then the government considers it tax evasion, and it costs the government a lot of money in revenue.

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Calif. Passes Gas Tax Changes To Help $20B Deficit (AP Via Yahoo! Finance)
California lawmakers on Thursday passed a complicated change to the gasoline tax to address part of the state's $20 billion budget deficit and said it's enough to get the state through its financial problems...

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There are several types of legitimate tax shelters that individuals and businesses can use to try and lower their taxable income. Some of these are in the form of retirement accounts which the government does not tax very heavily. Another popular way to lower the income that can be taxed is to invest in real estate, since that will lower the taxes while still keeping the net worth of the individual. In addition, individuals can get a tax break by setting up their own business, by buying into IRA's or municipal bonds, and also through various pension plans that can be obtained. Most of these ideas help individuals to be able to access the money if it is needed, but often allows them to withdraw with a lesser penalty and tax deduction than if the money was invested in some other way. There is also the ability for individuals to obtain health coverage and life insurance through their employers which allows the money to come out before it is taxed.

Who are the CPA Moms?      Your Tax Professional Forever!!!!

“CPA Moms - Tax Moms - EA Moms" are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some "Moms" work from home, other work from personal offices. Not all are Moms, there are some Dads. We call them Mr. Tax Moms. CPA Dads or Enrolled Agents Dads.
Each Mom is independent. Once a client starts working with a Mom, the client will keep the same “Mom” year after year regardless of where the client moves or relocates. Being in a “relaxed” environment has many advantages. Lower overhead, faster response time, more availability, etc.
To be a member a CPA Mom, Tax Moms, or an Enrolled Agent Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
Tax Net Inc, the parent company for all CPA Moms, Tax Moms and Enrolled Agent Moms, developed the marketing and on-line systems to help qualified Tax Professionals who "choose" work from their “relaxed” environment and offer better service at a lower price to the consumer.
Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.
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In the articles shown above on this web site you will find information that has been collected from many independent sources. Each article or item may offers a different point of view, but not necessary that of the CPA Mom's. This information is for general information only.