Tax Law

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...

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 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...

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...

A tax amnesty act is a state law, created by individual states within the United States. It is an act aimed at encouraging tax evaders to pay back taxes that they owe. The act creates a time frame...

Failure to pay your federal income taxes on time can result in serious consequences. These consequences include penalties, interest and IRS collection activities against your assets. Fortunately,...

The term "tax relief" is often used to refer to methods of compromising with the Internal Revenue Service (IRS). If you cannot pay your federal individual income taxes or anticipate being unable...

The duty to file tax returns and pay U.S. federal income tax trips up many people every year. First-time filers need to know some of the basic filing procedures and should be prepared to handle...

Although the term "tax relief" is used in a variety of different contexts, it normally refers to Internal Revenue Service procedures to assist taxpayers who find themselves temporarily or...

The field of tax preparation has limited barriers keeping people with little to no experience from becoming tax preparers. For instance, a Certified Public Accountant who has been an auditor his...

From time to time, people forget to file their taxes, run out of time while preparing them, or just decide that they don't want to file. If you need more time, you can ask for an extension. But if...

Paying your taxes can seem like a complex task, especially for new filers. IRS Form 1040, the Federal Individual Income Tax return, includes a separate instruction book that's dozens of pages...

The penalties for underpaying your U.S. federal individual income taxes vary from reasonable fines to criminal penalties, depending on how much you owe and the circumstances surrounding your...

You might not remember some of your family member's birthdays, but April 15 is a day every working American remembers. It's the last day to file your income tax, and by not filing it, you can face...

Sometimes, it isn't possible to file or pay taxes by April 15. If you don't request an extension, you could be facing some significant financial penalties.