Everyone makes mistakes, and in these financial times, the government needs every tax dollar they can get their hands on. When a taxpayer finds himself in potential IRS tax fraud trouble, he could try to handle it himself. But, with the IRS legendary reputation for terrorizing the average taxpayer, as well as the ever-changing tax laws, it would be best to hire a criminal tax attorney to defend you, even if you havent been criminally charged as...more
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Federal Tax Form 1040 E file Your Federal Taxes Did you know you are not required to complete your IRS federal tax return before filing your FAFSA? It is a common misnomer that it is required when it is simply encouraged. However, there will be a question on the FAFSA about which IRS Tax Form you will fill out in the future, if you...more
Resource tax reform in Xinjiang ahead: oil and gas from the price of 5% levied Crude oil and natural gas taxes levied by the amount of change from the ad valorem levied, the amount levied in the non-ferrous metals continue to Oil Ministry who said earlier that financial assets, resources tax reform will bring about a substantial increase in...more
Xinjiang Resources Tax levied ad valorem tax reform fired the first shot Oil 5% tax rate may be initially for the proposed merger of tax expertsYears of deliberation, the resource tax reform has finally entered the implementation stage. May 20, 2009 annual shareholder meeting in the oil gap, oil shares in the company's chairman Jiang Jiemin said the resource tax reform has been identified in Xinjiang this year started a pilot, the amount levied by the change from ad valorem levied, he called on by the resources time to straighten out the tax reform of resource products in the tax structure and mechanism. Industry experts also recommended, taking into account capacity of enterprises, tax reform should be combined resources, taxes, tax rates can be increased year by year, not in one step. Xinjiang is China's long Energy Major exporter of resources, because of local processing capacity is limited, most of the oil and gas, coal and other resources, by rail, road and pipeline exports to the Mainland for processing in Xinjiang has failed to form the local industry chain, can not significantly stimulate the rapid development of local economy . Currently, only the...more
A 1031 exchange, or tax deferred exchange is the selling of a qualified home and purchasing a qualified home during a certain time frame. The process of a 1031 exchange is the same as any normal selling and buying of a home. What makes a 1031...more
By definition, tax evasion is the willful act of avoiding payment of due taxes or the avoidance of the assessment itself. This should not be confused with tax avoidance, which entails using the current tax laws to reduce the amount of taxes that is...more
Tax evasion under federal law means that either you, or someone you rely on for income, or someone that you trusted to file an accurate tax return on time, has failed to do so. This means that if discovered, the IRS will bring both civil and criminal...more
Grants for Tax Counseling for Seniors The U.S. government offers a number of grants to non profits through a number of its offices. One particular grant offers money for nonprofit establishments to make available counseling to senior citizens...more
Finding An Accountant To Look After Your Tax Liabilities When you hire on a tax accountant, they are tasked with the duty of giving you insight into how your taxes should be filed, as well as apprise you of any legal means to save money on...more
How the Little Things Can Add Up to Big Tax Savings The last few weeks I've been sharing how to create habits that enable you to use your taxes to build your wealth. Here are the habits I have shared so far:Habit #1: Avoiding tax advice...more