You’ve just watched several news stories about the 2016 presidential campaign on television. Here is what you have learned -- Donald Trump says Hillary Clinton is a lying crook and Hillary Clinton says Donald Trump is a profane racist.You walk away from the television angry and confused. You think t…
The gift tax exclusion allows you to transfer your money or estate to another person free of tax or much lower than the original value of the gift given. This type of exemption is usually availed by those who want to protect their asset against the IRS or avoid paying the exorbitant death taxes. How…
If you’ve been wondering how to report tax fraud, the US tax department has created a guideline how to identify it, where to report it and how to report it. How to report a tax fraud might sound easy to do but if it involves the people you are working closely with, it might be quite difficult to do …
Tax avoidance includes legal methods which allow the tax payer to have lower income tax deductions and credits which are permissible within the provisions stated by the law. Tax avoidance should not be mistaken to tax evasion as the latter is illegal and punishable by law. One of the most common tax…
Congress has passed laws regarding health care and housing bills. They have also included new tax laws for 2012 that might be good news to taxpayers. Some of the new tax laws for 2012 include the Social Security tax reduction rate which is 4.2 percent for employees who have a Social Security wage li…
Tax Law concerns those regulations, policies etc. that control taxation procedures. This covers the entire gamut of charges on estates, duties on foreign imports, transactions, income, compulsory levies, licenses etc. mandated by the government.The Federal tax law is implemented through the Internal…
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