Taxes, unfortunately, are a necessary part of life and every spring it is necessary to file a tax return. The United States Constitution, adopted in 1787, authorized the federal government to lay and collect taxes, but required that some types of tax revenues be given to the states in proportion to population. And even before 1776, the American Colonies were subject to taxation by the United Kingdom. The first federal income tax was actually enacted about 100 years after the adoption of the constitution, as part of the Revenue Act of 1861. Today, most individuals are required to pay state and federal taxes and it is essential that you file your yearly taxes accurately and on time.
However, filing taxes can be difficult. Tax law is complicated, the instructions are convoluted, and the process is arduous, to say the least. And keep in mind you can face penalties if you fail to file your taxes correctly. Therefore, you may want to look into a professional for tax preparation reno, such as a CPA Reno NV or an accountant Reno. There are numerous advantages to using a professional tax preparer Reno, such as a Reno cpa or Reno accountant. Overall, using a professional for tax preparation Reno ensures that your taxes are done accurately and on time. In addition, it helps to ensure that you file correctly and get the maximum refund. Hiring a professional accountant for tax preparation Reno can be a great investment.