File Back Taxes
“I was underground” was the excuse Grammy-winning singer and rapper Lauryn Hill gave to explain why she did not file back taxes between 2005 and 2007. The IRS claims she owes three years in back taxes. On her Tumblr account, Ms Hill said she had not filed because she wanted to protect her family. Being “underground”, she surmised that filing her taxes would endanger herself and her family. However, the government did not agree with her and said she is facing three counts of misdemeanor for not paying back taxes on her $1.6 million income.
Ms. Hill asserted in her Tumblr account that she had every desire to “rectify this situation.” The 37-year-old resident of New Jersey said that she had left public life to get away from the “distortion and compromise.” In the early part of her career, Ms. Hill gladly paid her taxes. The former star of the Fugees posted that she did not abandon her fans on purpose. She did what she felt was right for herself and her family. She said she had the right to resist a system that was opposed to her personal survival. Making her file back tax would have jeopardized that.
Lauryn Hill has been ordered to appear before the court on June 29th. If convicted, Ms. Hill could serve a one year imprisonment and pay $300,000 dollars in fines because she did not rectify the situation. The court rejected her reason as to why she did not pay back taxes. Although this is not a great deal of money for the singer-actress, she feels she has a legitimate case against having to file back tax.
Governor Chris Christie took his message to voters of New Jersey during a town hall meeting on January 18, 2012. He hit the airwaves in many media appearances. The first-term Republican governor of the Garden State attempted to sell his 10 percent income tax cuts for all. One day after his state of the state address, he informed crowds that he is the architect of New Jersey’s economic comeback.
With a boldness that only success can give, Christie presented the plan as a model for national economic policy too. Of course, this continues to feed into the speculation that he is positioning himself in a positive light for the 2016 presidential election. Political spectators also believe the tax cut is a way to firm up his qualifications as a fiscal conservative. He has not only cut spending, but also he has cut taxes. New Jersey has a notorious reputation for high taxes and high spending.
Governor Christie takes credit for the current economic environment of New Jersey. In the first two years of his term, he has added private- sector jobs, reduced more than 375 government programs, placed a cap on increased property taxes, and overhauled that state’s pension and employee benefits programs. He plans to outline detail of the entire state budget in February. Christie stated that the intention is to pass that tax relief in phases over the next three years. His plans are a sharp contrast to other governors in liberal states such as New York, California and Illinois. Those Democrat governors raised taxes and targeted successful taxpayers with tax hikes. Christie’s tax cut idea caused thunderous applause at his town hall meeting in the New Jersey suburbs.
Finding credible advice online can be tricky, regardless of the topic, but when it comes to property investment advice, it seems like there are thousands of late-night infomercial millionaires offering their winning strategies, for a price, of course, and by following their plan you can be a millionaire as well. This sounds pretty outrageous, because it is, no single property investment strategy works unilaterally, and education about the marketplace and careful planning are the best advice.
Check with Those in the Industry
One of the best sources of investment advice, especially for property investors, is the professional organizations that have established histories within the market. The National Association of Real Estate Investment Managers, or NAREIM, is one of the best sources for locating these property investment companies and other outlets in particular areas, as well checking out the reputations of companies from just about anywhere.
One of the many benefits of the online environment for the property investor are the outlets online for quality advice ranging from overseas property investment to the latest strategies, including outlets like The Biz Hunter, MLS, and many forums and other online entities. These outlets can make locating sound property investment advice quick and easy, and while any investment advice should be compared to ensure quality, these outlets tend to get the answers that most need the fastest.
In many regions of the U.S., communities and towns are only hanging on by a thread, and by using local resources anytime it is possible, investors can simultaneously help out with the recovery process while helping to improve the value of the community or town, and therefore any properties one owns within it. Some great examples are in the harder-hit areas in New Jersey, for example, where property investors use local shops for services like unfinished furniture NJ or local landscaping or remodeling crews.