Dual citizenship can bring about unique challenges when filing federal income tax returns in the United States. This complexity stems from the need for U.S. citizens to report their worldwide income to the Internal Revenue Service, regardless of where they live. Not...
In civil tax litigation, expert witnesses play an important role in presenting evidence and providing opinions on complex tax matters. These individuals are professionals with specialized knowledge and experience in accounting, finance or tax law. The importance of...
Receiving an IRS tax collection notice can feel alarming, but the solution may be less stressful than you may think. You should understand the steps you can take to address the situation and resolve any issues. Review the notice carefully First, carefully read the...
Income and self-employment taxes are levied on individuals who earn money outside of traditional employment settings. Understanding why you might pay both taxes is necessary for anyone navigating the world of independent work. By learning about the various scenarios...
When tax season rolls around, you may want to make sure you get the most out of your tax refund. Fortunately, there are legal strategies you can employ to ensure you are not leaving any money on the table. By understanding some key principles, you can maximize your...
Managing cash flow effectively is a must for small business owners, especially when it comes to meeting tax obligations. By monitoring finances closely and planning strategically, you can avoid common pitfalls and ensure your business remains financially healthy. 1....
When people face tax disputes, they often find themselves involved in tax litigation. This process includes presenting evidence and arguments to support one's case regarding tax liabilities or disputes. A significant concept in these proceedings is the "burden of...
Taxation is an integral part of every working society, providing money for government programs and services. However, when tax-related issues arise, individuals or businesses may find themselves involved in legal proceedings. Criminal and civil tax litigation provide...
When facing a tax audit, you may feel overwhelmed and uncertain about your rights. It can seem as though the IRS is invading your privacy and searching for an excuse to raise a red flag. It is important to understand how to navigate this situation, especially if you...
The idea of a tax audit by the IRS can be daunting. It also brings up many questions. A common concern by many people is how far back the IRS can go when looking at past tax returns. Understanding the statute of limitations for tax audits can help you navigate your...