Tax Law : Law & Legal & Attorney

Rss & Feeds
How to Report Sales Tax Evasion

How to Report Sales Tax Evasion

Sales tax evasion is a serious issue. States use the money collected in sales taxes to fund state run programs, centers, parks and assistantships. When someone engages in sales tax evasion they are taking money out of those state run programs that are so vitally important to the community of any sta
What Is Considered Real Property by the Government?

What Is Considered Real Property by the Government?

Determining what is and what is not real property is important in real estate transactions. Although definitions may vary by state and area, all real property does share several characteristics.
How to Compute Federal Income Tax

How to Compute Federal Income Tax

Every year all residents of the United States are required to pay a federal income tax based on their annual salary. Tax brackets change every year, so it is important to find out the exact tax brackets for the given year. You can find these tax brackets at the local post office, as well as all nece
Massachusetts State Income Tax Law

Massachusetts State Income Tax Law

The Massachusetts Department of Revenue enforces Massachusetts tax laws, including state income tax laws, which tax different types of income at different rates. All eligible Massachusetts residents must file personal income tax returns by April 15 each year unless they file for an extension.
Emergency Tax Relief Act

Emergency Tax Relief Act

The Emergency Tax Relief Act, also known as the "Katrina Emergency Tax Relief Act of 2005" is a federal law that offers tax relief for Hurricane Katrina victims. The act not only applies to those individuals directly affected by the storm, such as homeowners, but also provides assistance to others,
How to Fax Forms Used to File Taxes

How to Fax Forms Used to File Taxes

While Internal Revenue Service (IRS) fax guidelines have gotten stricter over the years, you can still fax most tax forms to the government for processing if you make prior arrangements. If you don't want to electronically file taxes, fax provides a faster return process than the mail and allows you
Tax Relief on Pension Payments

Tax Relief on Pension Payments

Retirees can keep the benefits from pension investment by protecting income. Tax relief is available for the gains made on salary investment. A pension plan is an investment that secures the amount saved for retirement during a worker's work life and gains income benefits that are taxed. Tax is defe
How to Do a Legal Entity LLC Property

How to Do a Legal Entity LLC Property

For asset protection purposes, limited liability companies can be used to shelter property owners from personal liability. LLCs allow you to reap the full benefits of property depreciation and other tax benefits on your personal tax return. Placing a property into an LLC helps to shield yourself fro
Can I Gift My Brother Cash Without Taxes?

Can I Gift My Brother Cash Without Taxes?

When you make a gift of cash or any other asset to your brother, you may be charged tax based on the value of the gift. Small gifts of cash will have no tax consequences; however, the Internal Revenue Service tracks gifts over $13,000. You will need to report cash gifts over this amount and may be c
Can I Claim Educational Property Taxes on My Federal Return?

Can I Claim Educational Property Taxes on My Federal Return?

Paying real estate taxes is just one of the many aspects of homeownership. Depending on the jurisdiction, as well as the location and value of the real estate, these taxes may be substantial. The good news is that you may be able to deduct your real estate taxes, including those assessed to fund pub
Tax Write-Offs for Actors With a Standard Deduction

Tax Write-Offs for Actors With a Standard Deduction

Actors who claim the standard deduction on their federal tax returns are ineligible to itemize deductions on Schedule A. However, there are a number of acting-related write-offs you can still claim without having to itemize. Each deduction has its own eligibility requirements, but if you fail to fil
How to Calculate a CITB Levy

How to Calculate a CITB Levy

The CITB (Construction Industry Training Board) was created by the South Australian Construction Industry Training Fund Act of 1993 to help provide construction training programs across South Australia. The CITB collects a levy on all new construction in South Australia to support these training pro
Schedule C Filing Rules

Schedule C Filing Rules

Business owners must show yearly profit or loss by completing a Schedule C.TAX TIME image by brelsbil from Fotolia.comSchedule C is the form used by the Internal Revenue Service for taxpayers to report profit or loss from a business they own. Not only does a Schedule C tell the government...
How to Report a Robbery Loss on Taxes

How to Report a Robbery Loss on Taxes

The Internal Revenue Service (IRS) allows taxpayers to deduct theft losses. If a person has a theft loss they want to deduct, he will need to itemize his taxes. If he does not have enough deductions to itemize, then the taxpayer should just take his standard deduction. Filing theft loss deductions r
How to Calculate How Much of My Paycheck Goes to Taxes

How to Calculate How Much of My Paycheck Goes to Taxes

Many people are dismayed to find that their take-home pay is much less than the product of their hourly wage times the number of hours they worked. Salaried workers discover that their take-home pay doesn't equal their annual salary divided by the number of paychecks they receive. Some of the vanish
Taxes Regarding Inheritance

Taxes Regarding Inheritance

It doesn't seem fair that a bequest should be taxable, but sometimes it is. Eight states impose taxes on inheritances at the time of publication: Tennessee, Pennsylvania, New Jersey, Nebraska, Maryland, Kentucky, Iowa and Indiana. If you live in any of these states, you might not receive all your in
What Non-Profit Information Is Public?

What Non-Profit Information Is Public?

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 Form 990 and to make that information publicly available. Nonprofits must also make their application to
Can You File Bankruptcy on Past Due Taxes?

Can You File Bankruptcy on Past Due Taxes?

Debtors filing for bankruptcy can sometimes discharge tax debts as a result, says Los Angeles attorney Mark J. Markus. However, doing so can be a tricky proposition because it depends partly on the types of taxes and the constantly changing laws. Markus recommends getting an attorney and asking ques
How to Stop Checking Account Levies

How to Stop Checking Account Levies

A common collection technique utilized by creditors is placing a levy on a consumer's checking account. Such a levy attaches to a checking account with no prior notice to a consumer and repeats until the debt is paid. Moreover, a levy on a checking account potentially results in the removal of all a
W2 Form Laws

W2 Form Laws

A W-2 form is a tax document provided to the Internal Revenue Service and an employee to record the employee's taxable earnings. Your W-2 form is one of the forms you use to report your wages, salary and tips to the IRS and from which your tax liability is calculated.Who Must FileAny...