Taxation 101: Basis, Situs of Income Tax in All States

Income taxes are a way of funding the government. The income tax is based on the gross amount of a person’s earnings. This includes everything from salaries to tips, pensions, and other benefits. It also includes the price of goods sold and other business income. The income tax may be triggered by adjustments. For example, the cost of goods sold […]

Understanding the Concept of Taxes on Donation and Estate

The Tax on Donation and Estate is a type of estate tax. In many cases, you can make a charitable gift through your estate without incurring the estate tax, said Missouri tax law attorney. The amount of your deduction depends on whether your contribution is considered a gift or an expense. A donation may qualify for the deduction if it […]

Important Role of Lawyers in Facing Tax Fraud Charges

The role of a tax lawyer is important in many different ways. First of all, every business is required to file a tax return. The job of a tax attorney is to represent their clients before the IRS. In the case of a tax dispute, they will be able to negotiate the burden of taxes with the government on their […]