Tax Law

If you are married, whether you file your taxes jointly or separately can result in saving hundreds or even thousands of tax dollars. There are a number of factors to consider before deciding...

Tax levies can leave you destitute, emptying your bank account, garnishing most of your wages, and even taking your home. By staying out of trouble with the Internal Revenue Service (IRS), you can...

Spouses who are married but living in different states must consider the implications of both federal and state options for filing taxes. A spouse may have to file and pay taxes even if he did not...

In recent years, animal rights activists have made many attempts to amend current tax law so that pets are considered dependents, and thus equivalent to children. Currently, in the eyes of the...

A primary goal of preparing and filing taxes is ensuring that you properly complete the return. Failing to properly complete and then file a tax return results in a delay in the processing of your...

The death of a loved one is an overwhelming experience. As a result, filing taxes for the deceased person, or decedent, is the last thing on many family members' minds. A surviving spouse, the...

Taxpayers can make the government an offer to settle a tax debt for less than the total amount owed. Such an offer is called an offer in compromise. The IRS generally accepts an offer in...

Claiming a dependent child for tax purposes is a simple procedure. It is beneficial to do as it affords you tax benefits not available to those without children. It increases your number of...

Tax laws and regulations can be confusing and easy to misinterpret. Despite this fact, understanding the legality of who must file taxes is essential in order to avoid any possible judgment that...

The IRS taxes amounts paid to an unemployed worker. The government pays money to the worker as unemployment compensation to replace lost income. During the period the unemployed worker does not...

In Arizona, the Department of Revenue is the agency responsible for administering the state tax laws. Some of the taxes include income, sales, property, and estate. The department is organized...

In the United Kingdom, the government encourages you to save for your retirement by providing tax relief for pension contributions. If you are a basic-rate tax payer (20 percent, as of 2009), you...

Receiving an Intent to Levy notice can be a disturbing experience. Such notices are clear evidence that something has gone very wrong with your relationship with the Internal Revenue Service...

E-file is one of the hottest trends in tax preparation that most Americans are already using. The e-file system streamlines the tax filing process and offers an all around superiority to filing a...

Everyone who lives or earns money in Canada is responsible for paying taxes. Even international students studying in Canada generally are required to file tax returns. Residents, non-residents,...

If you plan to purchase a home that will qualify you for either the $8,000 first time home buyer or $6,500 repeat home buyer tax credit, you should begin planning immediately. While you cannot...

If you feel that you have been unfairly penalized by the Internal Revenue Service (IRS), you can contest the penalty in court. There are several ways to sue the IRS and you will probably want to...

Tax law is complicated, so much so that sometimes taxpayers and the IRS disagree over who's interpreting the law correctly, and going to court is the only way to resolve the issue. There are...

Every citizen of the United States who owns a home has to pay property taxes on that home. In times of financial hardship, it may become increasingly difficult for you to pay property taxes, but...

Nonprofits recognized as tax-exempt by the Internal Revenue Service (IRS) with annual incomes of more than $25,000 are required to submit financial and other information to the IRS annually using...

If you disagree with a tax penalty assessed to you by the Internal Revenue Service (IRS), you may file an appeal. There are many ways to appeal an IRS penalty, ranging from informal conferences...

When someone dies, a personal representative with authority over the person's financial affairs must take responsibility for filing the deceased person's final income tax returns, along with a tax...

A not for profit organization (NPO) organized under federal law permits an individual or group of individuals to do some charity while obtaining an exemption from federal (and maybe a number of...

Even if you don't think of yourself as a business, you may be one in the eyes of the Internal Revenue Service (IRS). Knowing the basics of a Schedule C business can help you understand what may be...

The United States has 75,187 private and public foundations. They provided $19.1 billion in grants in 2006 to charitable causes. Foundations are ruled mainly by federal Internal Revenue Service...

In the market today, there are many ways to buy property, including land and real estate. One way that has become popular today is a sheriff sale. A sheriff sale is a sale of property that has...

An estate tax ID number is a unique identification number assigned to an estate by the IRS. The ID number allows the executor to handle the decedent's estate taxes. You must complete an...

Sales taxes are one of the largest sources of revenue for state governments. These sales taxes are collected by adding it to the price of a consumer's purchase. Sales taxes are used for many...

Some, but not all, of the funds you receive from a settlement must be reported as taxable income. The Internal Revenue Service (IRS) determines whether the income is taxable by evaluating what...

The mere presence of a criminal record has no bearing on a person's ability to collect Social Security benefits if they otherwise qualify. Limitations only apply for people who are currently...

U.S. Customs and Border Protection oversees imports into the United States. Imports may be carried into the country by travelers, shipped by private carrier, or sent by mail. (Reference 1)

Federal and state income taxes must be paid every year. In Indiana, if you fail to file a return and/or pay the taxes owed to the state, you face civil and criminal penalties.

The Internal Revenue Service taxes crude oil and other petroleum products to pay for oil spills. A tax affects domestic and imported products. Refinery operators and petroleum shippers who enter...

The IRS, short for the Internal Revenue Code, is a U.S. tax law organization that controls and collects taxes One problem the IRS deals with is the refusal of some individuals to pay their income...

Taxpayers who support a child or relative for six months or more can reduce their taxable income. Five common deductions add up to more than $10,000. Filers claim the deductions on Form 1040 and...

An income tax return is a form that needs to be completed and returned to the Internal Revenue Service (IRS) every year. Anyone who earns or receives taxable income during the year is required to...

In addition to paying federal taxes, West Virginia residents, and certain other individuals and organizations that have connections with West Virginia, must pay taxes at the state level. There are...

The Internal Revenue Service has established a number of programs to aid delinquent taxpayers. If you are delinquent in paying your taxes or anticipate becoming so, it is important that you...

Marginal income tax relief is a program under Irish income tax law that combines tax exemptions and tax refunds into a single program geared toward low-income taxpayers. If you are an Irish...

Equipment used to operate a farm is tax deductible in most cases. Certain requirements must be satisfied in order for the owner of a farm to take these deductions. This includes a potential...

Timber can be held for "personal use," as an "investment" or as a "business." Holding timber for personal use disallows expense deductions and makes it the least desirable timber holding for tax...

If you intend to make a substantial gift to your spouse, you should be aware that in some cases there will be tax consequences. You cannot deduct gifts to your spouse on your federal income tax...

The marketplace of the 21st century is highly competitive. Businesses of all types undertake a variety of strategies in order to stay ahead of the competition---not only today but into the future...

The United States government generates the bulk of its operating revenue through the assessment and collection of income tax--both from individuals and businesses. Although there are some...

Corporate marginal tax relief is a concept under the Corporation Tax law of the United Kingdom. U.K. tax law provides three tax rates for corporations, depending on their profits: the lower rate,...

Earning money does not always mean every dollar you earn is subject to taxation. You can shelter some of your earnings from taxation. Taxpayers protect income by claiming deductions for home loan...

Congress enacted stimulus checks to taxpayers as part of a total economic recovery for the United States. As with all large operations, IRS stimulus checks do run into problems from time to time....

A variety of mechanisms are used to collect taxes. One process is tax deducted and collected at the source. This method for collecting taxes is used in many countries across the globe, including...

It is important to understand tax law as it applies to US citizens working in the United Kingdom, in order to avoid paying full taxes to both jurisdictions. A US citizen working in the UK should...

The IRS provides numerous tax benefits for contributing to an Individual Retirement Account (IRA). These benefits include tax deductions, tax-free growth on earnings and non-refundable tax...