Tax Deductions for Professionals High Point NC

Income tax filing in High Point is a compulsory exercise for everyone who is earning and resides within the jurisdictions of the IRS. Income tax filing ensures that every taxable person residing within the country declares all of his or her taxable income and assets.

Thomas F. Foster
(336) 889-8733
PO BOX 1550
HIGH POINT, NC
Specialties
Estate Planning, Tax, Corporate, Business
Education
University of North Carolina School of Law,University of North Carolina, Chapel Hill
State Licensing
North Carolina

Charles E. Lynch Jr.
(336) 889-6900
300 N MAIN ST STE 400
HIGH POINT, NC
Specialties
Business, Tax, Mergers & Acquisitions
Education
New York University School of Law,University of South Carolina School of Law,University of North Car
State Licensing
North Carolina

Charles A. Alt
(336) 819-6035
1912 EASTCHESTER DR
HIGH POINT, NC
Specialties
Corporate, Tax, Employee Benefits
Education
College of William and Mary, Marshall-Wythe School of Law,College of William and Mary,Washington and
State Licensing
North Carolina

Michael R. Abel
(336) 370-8804
P.O. Box 21847
Greensboro, NC
Specialties
Business, Employee Benefits, Tax
State Licensing
North Carolina

Beverly C. Eckard
(336) 547-9999
5606 W. Friendly Avenue
Greensboro, NC
Specialties
Elder Law, Estate Planning, Probate, Tax
Education
Campbell University, Norman Adrian Wiggins School of Law,Campbell University,University of North Car
State Licensing
North Carolina

S. P. Keziah Jr.
(336) 889-6900
300 N MAIN ST STE 400
HIGH POINT, NC
Specialties
Corporate, Tax, Estate Planning
Education
Duke University School of Law,Duke University
State Licensing
North Carolina

Edgar S. Levy III
(336) 884-4444
1912 EASTCHESTER DR
HIGH POINT, NC
Specialties
Trusts, Estate Planning, Wills, Probate, Tax
Education
College of William and Mary, Marshall-Wythe School of Law,University of Virginia
State Licensing
North Carolina

Matthew Clinton Jobe
(336) 819-6036
1912 EASTCHESTER DR
HIGH POINT, NC
Specialties
Business, Tax
Education
Wake Forest University School of Law,University of North Carolina, Chapel Hill,University of North C
State Licensing
North Carolina

Susan Marie Young
(336) 271-3133
P. O. Box 26000
Greensboro, NC
Specialties
Tax, Banking, Mergers & Acquisitions
State Licensing
North Carolina

Michael S. Fox
(336) 271-5244
PO BOX 2888
GREENSBORO, NC
Specialties
Business, Tax, Government, Real Estate, Litigation
Education
University of North Carolina School of Law,Appalachian State University
State Licensing
North Carolina

Tax Deductions for Professionals

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Income Tax Filing - Efile for Faster Refunds And Avoid Unnecessary Mistakes

Author: Gen Wright
Income tax filing is a compulsory exercise for everyone who is earning and resides within the jurisdictions of the IRS. Income tax filing ensures that every taxable person residing within the country declares all of his or her taxable income and assets. The deadline for income tax filing is April 15th of each year and any one failing to file on time will face interest charges and fines.

Also, hiding an asset or income to reduce the amount of tax payable is considered illegal and is a federal crime. This crime, called tax evasion is a serious crime and punishable under federal law and judiciary.

The Federal Income Tax is a progressive tax that is levied on the Adjusted Gross Income or AGI of each taxpayer. There is a certain limit that set by the IRS and an AGI below this limit is considered to be exempt from tax. The taxing system is a complicated one and it is governed by the Internal Revenue Code and is handled by the Internal Revenue Service (IRS).

The filing of income tax each year is easy for some people but difficult for most. This is because many people today have extended credit situation and this complicates that person's financial details. The income Tax filing requires all individuals to file a return whether the person is taxable or not. If the financial situation is complicated, then it becomes a difficult job to account for everything on the tax form without missing anything.

There's also a huge rush during the last period of the tax filing, typically just when the due date (April 15th) is approaching. This also makes it a difficult job to file your income tax return in peace.

While filing your tax, you also need to be aware of all the deductions and tax credits that may be applicable to you. But there are too many policies to keep track of and it is not possible to always know what may apply to you.

These are some of the major problems faced by the taxpayer when the time comes for filing income tax. The IRS has come up with a very elegant solution to these problems and it is called e-file. As the name suggests, e-file is an electronic means of submitting your income tax returns. This can easily be done online, through the Internet because the IRS has approved a few good third-party websites to assist in the process.

Taxpayers can log on to these websites and by paying a small fee can file their tax returns in a fully electronic and automated manner. There is no paperwork involved and you will have access to information on all the possible deductions and tax credits that may apply to you. You can also pay your tax online through these websites when you're filing your returns. You can also schedule a tax payment on a later date. E-file is always free for individuals with an AGI under $56,000 and it is really the best way to file your returns.

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Learn more about federal income tax forms and efile tax returns from our website.

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