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Shamsey Oloko May 24, 2017 Income Tax 0

History of The Income Tax In The U.S. Part 2: 1980-1999

As perhaps would be expected, taxes were not much a part of our nation’s early history. Then the high cost of the War of 1812 brought about a need for revenue at the federal level and the nation’s first sales…

Shamsey Oloko May 22, 2017 Income Tax 0

History of The Income Tax In The U.S., Part 1: The First Two Hundred Years

Our nation has existed since 1776. Some wonder whether the income tax has been around for as long. As perhaps would be expected, taxes were not much a part of our nation’s early history. After all, the Boston Tea Party…

The IRS Releases 2017 Inflation Adjustments

Now that we’re well into the New Year, taxpayers should know 2017’s inflation adjustments for several tax provisions set forth in Rev. Proc. 2016-55. These adjustments apply to tax years beginning in 2017 and transactions or events occurring during the 2017…