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 […]

How Does IRS Find Out Tax Evasion?- Read On!

The Tax Compromise Improvement Act of 2009 is a bill that was introduced in Congress by Ways and Means Oversight Subcommittee Chair John Lewis and Republican Charles W. Boustany Jr. to simplify the process of reaching a Tax Compromise. This bill would help taxpayers with debt problems get out of the red ink of owing taxes. The tax reform legislation […]