Whois & Analysis for libertytax.com

Tax preparation is the process of preparing tax returns, often income tax returns, often for a person other than the taxpayer, and generally for compensation.

Tax preparation may be done by the taxpayer with or without the help of tax preparation software and online services.

Tax preparation may also be done by a licensed professional such as an attorney, certified public accountant or enrolled agent, or by an unlicensed tax preparation business.

Because United States income tax laws are considered to be complicated, many taxpayers seek outside assistance with taxes (59.2% of individual tax returns in 2007 were filed by paid preparers).

The remainder of this article describes tax preparation by someone other than the taxpayer.

An income tax is a tax imposed on individuals or entities (taxpayers) that varies with the income or profits (taxable income) of the taxpayer.

Details vary widely by jurisdiction.

Many jurisdictions refer to income tax on business entities as companies tax or corporate tax.

Partnerships generally are not taxed; rather, the partners are taxed on their share of partnership items.

Tax may be imposed by both a country and subdivisions.

Most jurisdictions exempt locally organized charitable organizations from tax.

A tax refund or tax rebate is a refund on taxes when the tax liability is less than the taxes paid.

Taxpayers can often get a tax refund on their income tax if the tax they owe is less than the sum of the total amount of the withholding taxes and estimated taxes that they paid, plus the refundable tax credits that they claim.

(Tax refunds are money given back at the end of the financial year).

A tax (from the Latin ) is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures.

A failure to pay, or evasion of or resistance to taxation, is usually punishable by law.

Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent.

Most countries have a tax system in place to pay for public/common/agreed national needs and government functions: some levy a flat percentage rate of taxation on personal annual income, some on a scale based on annual income amounts, and some countries impose almost no taxation at all, or a very low tax rate for a certain area of taxation.

Some countries also charge a tax on corporate income, dividends, or distributions—this is often referred to as double taxation as the individual shareholder(s) receiving this payment from the company will also be levied some tax on that personal income.

Liberty Tax Service is an American company specializing in the preparation of tax returns for individuals and small businesses, it is the third largest tax preparation franchise in the United States.

The company began in Canada in 1997 when John Hewitt, co-founder of Jackson Hewitt, acquired a Canadian tax franchisor, U&R Tax Depot.

In 1998, the company became Liberty Tax Service and opened 5 offices in the United States.

Liberty Tax Service is the primary subsidiary of Liberty Tax, Inc., a NASDAQ-traded company.