Taxes are mostly seen in a negative light by a lot of people, mainly because taxes are collected from something or anything that they worked hard for. For example, if you have a job in a company, income tax will already be subtracted from your salary. In addition to salaries, houses, cars, … Read more
Only about 10% of people fill out the paper forms and mail their taxes into the IRS. While E-File tends to be the faster and more convenient method, paper filing can be cheaper. Filing a paper return can be the better option if your taxes are simple or you’re not eligible for E-File. To … Read more
Taxes are a fact of life, and the IRS makes sure that this remains so by levying heavy penalties on those who avoid paying. Tax evasion or tax fraud carries a maximum penalty of $100,000 in fines (plus the balance owing and interest) and up to five years in prison. Needless to … Read more