A little information about Taxes, and how we are able to help

In 1913, the Sixteenth Amendment to the United States Constitution was ratified. It empowered Congress to tax "incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." The Internal Revenue Code is today embodied as Title 26 of the United State Code (26 U.S.C.) and is a lineal descendant of the income tax act passed in 1913, following ratification of the Sixteenth Amendment.

While some states do not have income tax (Nevada), all residents and all citizens of the United States are subject to The Federal Income Tax. Not everyone, however, must file a return. The requirements for filing are found in 26 U.S.C. 6011. As the largest contributor, its purpose is to generate revenue for the federal budget. In 1985, for example, the government collected over $450 billion in income tax from a total of $742 billion in internal revenue receipts. The funds collected are essential for the shaping and preservation of a free market economy.

Some terms are essential in understanding income tax law. "Gross income" can generally be defined as "all income from whatever source derived”; a more complete definition is found in 26 U.S.C. 61. Other important definitions like "taxable income" and "adjusted gross income" can also be found in Chapter I of Title 26. These terms are not fixed nor should anyone be confident in understanding their true meaning after a cursory reading, because their imputed definitions change with time. The Supreme Court, through case law, demonstrates the changing meaning of taxable income.
Individuals are not the only ones required to file income tax returns. Corporations and small businesses are required as well. While they are subject to many of the same rules as individual taxpayers, they are also covered by an intricate body of rules addressed to the peculiar problems of corporations and small businesses.

Because of the above, Joseph & Associates is best suited to assist with all of your tax preparation needs. We know what it takes to do the job right, which leaves you time to do your job right.
Joseph & Associates has more than 35 years of tax accounting experience serving individuals and small to large businesses. We are registered and bonded tax preparation specialists. We are also authorized for e-filing.

Personalized Tax Organizer – organize all of your tax documents
Affordable and Computerized Filing
Fast Cash Refund – Receive your refund within 21 days!
Pick-up and Delivery Service (no additional cost in most cases)
80% of our fees have remained the same for more than 7 years.

Contact us right away to get started!
t: (415) 239-6191
f: (415) 239-6142