by taxnick on September 20, 2008
Quite often, too much tax is collected. Just because the tax has been paid does not necessarily mean that the government is entitled to keep all of it.
Many people discover that too much tax has been paid when they complete the required information or tax return. For example, when you complete your personal income tax [...]
by taxnick on September 20, 2008
The Revenue Agent’s report is not binding. You may appeal the decision at a number of levels. This may be done before the Agent’s manager, before an Appeals’ officer, and before the US Tax Court.
The ability to access these venues is limited due to the timetables involved. Make sure you stay one step ahead of [...]
by taxnick on September 20, 2008
An excise tax is imposed when certain acts are performed, for engaging in particular occupations, for obtaining certain licenses, and for the enjoyment of certain privileges granted by the government.
There are a variety of excise taxes which arise in all sorts of activities – manufacturing, retailing, wagering, environmental activities, qualified investment entities, “golden parachute” arrangements, [...]
by taxnick on September 20, 2008
If the tax is a sales tax, excise tax, or license/permit – you may have to do without. If you are not able to afford it, you don’t get the enjoyment of it.
Other taxes, primarily income tax, can be paid over time if you are unable to pay for it. You will be required to [...]