Tax Law

It is standard practice for spouses to file their taxes together. While some couples do file their annual income tax returns separately, joint filings often help people maximize their use of deductions and credits. Frequently, one spouse handles financial and tax...

A tax controversy occurs when an individual taxpayer and an authority assessing taxes disagree about someone's responsibilities. For example, if the Internal Revenue Service (IRS) accuses someone of tax evasion by misrepresenting their income, that tax controversy...

Nobody wants to pay more taxes than they have to pay – which is why both individual filers and businesses often employ various strategies to minimize their tax liabilities. There’s nothing really wrong with minimizing your taxes as long as you understand the key...

It is very common for married couples to only have one spouse work on the tax return. Maybe you've always been bad with numbers or have a hard time focusing on complicated paperwork. Perhaps you are a stay-at-home spouse and only earn $200 a year, so it just makes...

Finding out that the Internal Revenue Service (IRS) believes you underpaid your taxes is certainly a frightening experience. After all, you can count on the government to get their money no matter what. In severe cases, those accused of failing to meet their tax...

You know that it’s illegal not to pay the taxes that you owe. Everyone is bound to pay their taxes, whether they are employees or business owners. Anyone with an income is going to need to pay some amount of tax on it at the end of the year. You also know that it’s...

If you're facing a massive outstanding tax bill, it's understandable that you're worried. It doesn't feel financially viable for you to pay off all of the money that the IRS says that you owe. Now, there could be other parts to this equation. Maybe you believe you...

At first, e-commerce largely involved businesses selling and shipping physical items either to individual consumers or other companies. However, the shift to fully-digital transactions has begun. Some people and businesses traffic in digital currencies, like...

If you file taxes in the United States, something that you should be aware of is the risk of facing an audit. Audits by the Internal Revenue Service are largely random, which can make it hard to know if you’ll be at risk or not. You may be surprised to know that the...

There are various reasons why United States citizens place their funds in offshore bank accounts. One may be to qualify for secondary citizenship by investment. Another may be because the target country serves as a tax shelter. Americans often purchase homes abroad....