Tax audit fear increases with every tax season. And this fear is becoming more justified. I was shocked to read in Bloomberg that Uncle Sam is auditing more Americans than ever before. In the year 2000, one in every 203 Americans faced a tax audit. In 2012
Trust tax rates are outrageous. (See table of Trust Tax Rates below.) There are two types of trusts: a simple trust and a complex trust. The type of trust you get will determine whether or not you are subject to trust tax rates. Simple trusts include the
Tax Evasion Should NOT Be a Tempting Alternative Tax evasion may seem tempting for those who feel that they are being taxed to death, but it is not the best solution for tax problems. Tax evasion is not only illegal and highly prosecuted, it saps piece of
Tax Tips That Lower Adjusted Gross Income Are A Lot More Valuable Than Standard Deduction Tax Tips Not all tax tips are created equal. Tax tips that lower your adjusted gross income are a lot more valuable than tax tips that just give you a standard deduction.