Do I Have To Pay My Taxes?
Generally yes. You must pay your taxes every year. Some people may argue that the collection of taxation is unconstitutional, however, it has been ruled that taxation is …
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What Is a Tax Lien Certificate?
A tax lien certificate is a lien on your property for not paying your taxes. If you fail to pay your taxes off, the county government will auction off your property. The winning bidder …
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What Is A Tax Lien?
A tax lien occurs when someone or something fails to pay their taxes on property, gifts, or even estates. A lien is a form of ownership over that property. In some cases, if a lien is …
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Alternative Minimum Tax Means Required Maximum Effort to File!
The National Taxpayer Advocate (NTA) of the IRS has labeled the Alternative Minimum Tax (AMT) “the poster child for tax-law complexity.” Congress created the Taxpayer Advocate to make recommendations to Congress, and since 2001 the NTA has advocated for Congress to either completely repeal the AMT or index it with inflation. Congress has yet to act on either …
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The 2010 Break in the Federal Estate Tax
The federal estate tax is on a one-year hiatus as of June 2010, but the future of when the so-called death tax might return remains up in the air. In the meantime, families of deceased parties and their frustrated accountants are left in a financial and legal limbo, unsure of how to proceed in settling an estate given the unsettled state of affairs. The break in the federal estate tax …
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