Tax evasion is when someone has deliberately misled us about their activities to reduce their tax liability, or have not paid tax that is due. tax evasion is escaping payment by illegal means. This is obviously unlawful and is usually a criminal offence Tax evasion is when a person or a […]
Tax Avoidance Definition Tax avoidance may be defined as the act of reducing taxation, it is about getting round the law to minimice a tax impact of any operation. Through tax avoidance, a taxpayer takes advantage of all legal opportunities to reduce his or her tax liability. An […]
Tax Refund Tax refund is the amount which the national tax agency or department gives back to a taxpayer who … Read more
Tax Extension Extension Tax Tax Extension in the United States: 2011, 2012, 2013 and Beyond File Tax Extension Online How … Read more
Binding Ruling Introduction A binding ruling is New Zealand Tax Authority’s interpretation of how a tax law applies to a … Read more
General Anti-avoidance Rule The general anti-avoidance rule (“GAAR”) in the taxation system The GAAR allows Tax Authorities to override the … Read more
What is a Section 645 election? Under Section 645, if both the executor (if any) of an estate and the … Read more
Should Trusts file income tax returns to the IRS? Trusts must file a Form 1041, U.S. Income Tax Return for … Read more