The Waldron Street Journal Flour Bluff High School Corpus Christi, TX
Issue Date: Friday, March 30, 2007 Issue: WSJ Issue 7 06-07 Last Update: Monday, April 02, 2007


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At-a-glance

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Tax season is here once again and

can be entitled as the most dreaded

time of the year for billions of

Americans. Yet, tax season is still one

of those “Important dates” on our

calendars. Income tax systems have

been said to be inredibly complex,

with many forms, tiresome recordkeeping,

and detailed, endless

instructions. Perspectives of income

taxes around the world have been

given by political scientists, theorists,

and econimists.There are many ways

to pay off taxes, and certain hints

to get by stressful encounters with

tax employees and papers. One

can guess that the more money

one makes, the more taxes one will

have to pay, and the less one will

make the less taxes one will have to

pay. However, even if you are a billionare,

there are simple ways to go

about paying off taxes within a small

amount of time.

Tax rates can be either regressive,

progressive, or flat. An H & R Block

tax employee in Corpus Christi stated

that income prices this year have

not escalated, but are approximately

the same as last year. This allows for

less adjustments for the company,

because a system is already set for

customers.

This year, even though income tax

prices have not altered, each and

every tax payer must face the toils of

preparation with their tax employer.

Having all paperwork and receipts at

hand are significantly helpful in the

process.

[Tax payers] should make sure they

fill out their paperwork the right

way. You are basically supposed to

take out atleast ten percent of what

your total growth salary is,” an H & R

block tax employee said. “If this fails

to happen, tax payers end up owing

the IRS.”

Tax payers encountering problems

along the way is inevitable, and

one of the difficulties they have is

underpaying and witholding taxes.

Along with these difficulties, many

find it hard to send in W-2’s, which

are forms in which the employer

provides to tax payers holding their

taxes witheld and annual information.

“Not only do payers have a problem

with sending in W-2’s, but many

generally do not pay in enough

taxes, as well as not knowing the

logic behind claiming exemptions

and not claiming exemptions,” an H

& R tax employee said.

Income taxes have certainly

become a yearly tradition for some

students at Flour Bluff. Senior, John

Egan, has been paying his own

income taxes for the past two years,

and he finds the whole process

particularly fast and less complicated

than it seems. Being a student has

its benefits when income tax paying

is involved.

Senior, John Egan, has been paying

his own income taxes for the

past two years, and finds the whole

process particularly fast and less

complicated than it seems. Being

a student certainly has its benefits

when income tax paying is involved.

“[Income tax paying] is pretty easy

if you’re a student, because instead

of using the regular 10-40 [which is

the basic form you file with the IRS],

you get to use the 10-40 easy, if you

earn under a certain amount,” Egan

said. “When you’re paying federal

income tax, the government pretty

much gives it all back to you in the

end.”

Sure, we all want to pay taxes in

five minutes online, because we

think it’s faster, but it has been said

that the accuracy of tax information

lessens when online, because

of many risks of entering the wrong

information. You certainly have to

know what you’re doing.

“Our part-time tax workers are busy

all year round because of the fact

that people make errors on online

tax returns,” an H&R Block tax employee

said.

The many options of tax companies

for aid in tax preparation are sure to

help in income tax payments, with

their experienced tax employees,

and step-by-step guidance.

“The advice I would give to anyone

paying income taxes is to call a tax

service, and they’ll walk you through

it, because that’s what I did my first

time,” Egan said.

Not only is online information input

risky, but payers should beware of

frauds as well. Online income tax

scams are common all over the

United States.

“Although I haven’t seen any scams

at all this year, there have been

many in the past,” an H&R Block employee

said. “Our business does try

to keep [its employess] updated on

the occurences of scams to the best

of their ability.”

Overall, being aware of IRS updates

and benefits before paying taxes is

crucial, because missing out on advantages

would not help with prices

of taxes this year. Payers should be

aware of their individual tax rights,

because they may be fortunate to

receive credit from certain tax clinics.

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