Category: Taxes & IRS Audits

The 25 Most Frequently Asked Questions About Taxes – 1. How long should I keep my tax papers? 2. How long should I worry about unfiled tax returns?

In 1988, Congress passed the first of three Taxpayer Bills of Rights. It marks a victory for the little taxpayer. It levels the playing field.

All states except Alaska, Florida, Nevada, New Hampshire, Tennessee, South Dakota, Texas, Washington, and Wyoming impose an income tax.

This book gives you strategies for coping with most tax problems—audits, bills, and tax court. If you need more help, try any of these.

IRS-imposed penalties and interest charges are discussed throughout the book. A $7,000 tax bill can accumulate $15,000 in interest and penalties.

If you are in business for yourself, or you work for someone who is, know that the IRS is watching. There are three major concerns of the IRS.

It is a crime to cheat on your taxes. In a recent year, however, fewer than 2,000 people were convicted of tax crimes —0.0022% of all taxpayers.

The tax laws contain special rules affecting folks related by blood or marriage, and people who own property together. Tax duties don’t end with your death.