United States of A'merica Land of Opportunity to Pay Taxes

United States of MERICA LAND OF OPPORTUNITY to pay taxes Taxes are often the biggest bill a small business has to pay all of the following Our Representatives don't even know what's going on with the tax code quotes were extracted from the representatives official press releases and statements as found on www.house.gov THE BIBLE 1,291 PAGES King James Version 788,258 WORDS 1,440 PAGES WAR & PEACE New American Library Version 587,287 WORDS Rob Portman Republican "The income tax code and its associated regulations contain almost 5.6 million words -- seven times as many words as the Bible. Taxpayers now spend about 5.4 billion hours a U.S. Representative from Ohio's 2nd District, said the income tax code and associated regulations contain: 2,500 PAGES year trying to comply with 2.500 pages of tax laws..." 5,600,000 WORDS US Senator Rob Portman, OH 1993-2005 2011-2017 Spencer Bachus Republican "With its 6,000 pages and 500 million words, U.S. Representative from Alabama's 6th District, said the tax code contains: the complexity of our tax code is the prime source of frustration and anger felt by millions of Americans toward their government." 6,000 PAGES 500,000,000 WORDS Spencer Bachus, AL 1993-2015 Bill Archer Republican "The Internal Revenue Code and regulations now come in at one million words and 9000 pages." U.S. Representative from Texas's 7th District, said the Internal Revenue Code and regulations contain: 9,000 PAGES 1,000,000 WORDS Bill Archer, TX 1971-2000 "The Bible, the guide of our Jo Ann Emerson Republican lives, is 1,291 pages and contains 774,746 words. But the Tax Code and its U.S. Representative from Missouri's 8th District, said the Tax Code and regulations contain: regulations which are referred to by some as, 'a person's worst nightmare come true' is 9,471 pages and over 7 million words." 9,471 PAGES 7,000,000 WORDS Jo Ann Emerson, MO 1997-2013 OBAMACARE REGULATIONS 10,535 PAGES 11,588,500 WORDS TAX CODE CCH INCOME TAX Number of words based 11,700 PAGES ACTUAL NUMBER on 2008 data REGULATIONS 3.700.000 WORDS 13,095 PAGES ARTAMÈNE OU LE GRAND CYRUS Longest novel published over 10 volumes. 2,100,000 WORDS "The tax code runs 17.000 Vito Fossella Republican pages and contains a mind-boggling 5.5 million words. By way of compari- son, War and Peace is only 1,444 pages and the Bible checks in at 1,291 pages." U.S. Representative from New York's 13th District, said the Tax Code and regulations contain: 17,000 PAGES 5,500,000 WORDS Vito Fossella, NY 1997-2009 Jim DeMint Republican "The federal tax code with its 44,000 pages, 5.5 U.S. Representative from South Carolina's 4th District, said the federal tax code contains: million words, and 721 different forms is a patch- work maze of complexity and a testament to confu- 44,000 PAGES sion over common sense." 5,500,000 WORDS US Senator Jim DeMint, SC 2005-2013 1999-2004 If you're a small business owner, you're sure to have a massive headache when it comes to thinking about taxes. Don't leave yourself in an itaxicated haze The right moves could save you thousands of dollars. 4. Use retirement accounts reduces income tax for you and your employees 1. Think for yourself Research tax laws to prepare your own taxes or make an informed decision on tax advisors 5. Get help when you need it Tax advisors can be expensive, but they'll cost less than tax mistakes 2. Organize yourself Keep your records in order all year to save hours I and money at tax time 6. Use your tax return Look at it and use it to plan for next year 3.% Use tax laws to your advantage You can significantly reduce taxes you pay by being aware of and using tax laws and incentives 7. If you have taxes due, don't procrastinate. Make tax payments a priority to avoid unnecessary fines Don't put it off Everyone works for the government... either on the payroll or the taxrol Things to ask before you hire a tax advisor. WHAT SERVICES DO YOU OFFER? 1. • Prepare tax returns? • File tax documents throughout the year? • Bookkeeping and financial reporting services? WHAT ARE YOUR AREAS OF EXPERTISE? 2. • Find an advisor who will understand your circumstances • They may be great handling paychecks, but bad at handling IRS paperwork • Discuss your abnormal financial events WHAT ARE YOUR OTHER SERVICES? 3. • It's best to hire someone whose sole focus is taxes • Split focus can lead to errors and complications • Avoid those who are paid by commission WHY ARE YOU QUALIFIED FOR THE JOB? 4. • The more experience the better • Certifications don't equal quality work • Pay attention to work ethic and intelligence ARE YOU VERY AGGRESSIVE OR VERY RELAXED 5. ABOUT GETTING ME A FULL REFUND?? • Some preparers are too lax about going through your documents thoroughly, missing opportunities to save you money. • Some preparers are overly aggressive about going after your full refund and can spend your precious time and resources going after pennies. • A balanced tax advisor knows how to get your the maximum refund and prevent audits. Doing your Own taxes IS A BIT HIKEA MUGGING DO-IT-YOURSELF Try not to beat yourself up. Sources: presented by house.gov trygve.com/taxcode.html fourmilab.ch/uscode/26usc masters-in-accounting.org irs.gov/pub/tas/08_tas_arc_msp_1.pdf dummies.com/how-to/content/small-business-taxes-for-dummies-cheat-sheet.html DEVELOPED BY N NOWSOURCING cnsnews.com/news/article/penny-starr/11588500-words-obamacare-regs-30x-long-law