When to Hire a Tax Attorney

A tax attorney is a lawyer who specializes in tax law. Tax attorneys help people arrange their finances to optimize their tax situations

What a tax attorney does A tax attorney is a lawyer who specializes in tax law. Tax attorneys help people arrange their finances to optimize their tax situations, comply with tax rules and handle disputes with the IRS or other tax authorities. Some specialize in areas such as estate, international or business taxes. Tax attorneys … Read more

Tax Evasion vs. Tax Avoidance: Definitions, Differences and Prison Time

Tax evasion means concealing income or information from tax authorities. Tax avoidance means legally reducing your taxable income. Read more.

Tax evasion means concealing income or information from tax authorities — and it’s illegal. Tax avoidance means legally reducing your taxable income. Tax avoidance and tax evasion are two very different things with different definitions and different consequences. What is tax evasion? Tax evasion is the use of illegal methods of concealing income or information from … Read more

Form 3800 Instructions: How to Fill out the General Business Credit Form

Here are step-by-step instructions for IRS Form 3800, for entrepreneurs claiming small-business tax credits incl. Form 8936 instructions 2018

Here are step-by-step instructions for IRS Form 3800, for entrepreneurs claiming small-business tax credits including Qualified plug-in electric drive motor vehicle credit (Form 8936). form 8936 instructions 2018 There are two main ways for entrepreneurs to save on their small-business taxes. One way is to claim tax deductions, and the other is to take advantage … Read more

9 Money Numbers You Need to Know

money numbers

Give yourself a quick financial health check-up by seeing where you stand on a handful of important measurements. Your doctor needs to know certain numbers to judge your physical health, such as your weight, your blood pressure and your cholesterol levels. Similarly, you need to know certain money numbers to monitor your own financial health, … Read more

Net Worth Calculator: Find Your Net Worth

net wealth

What is net worth? Net worth is assets minus liabilities. Or, you can think of net worth as everything you own less all that you owe. How do you calculate net worth? Calculating your net worth requires you to take an inventory of what you own, as well as your outstanding debt. And when we … Read more

US Tax court

The United States Tax Court has played a key role in the development of Federal tax law since its founding as the Board of Tax Appeals in 1924. As with most institutions, the Tax Court, which was created in 1924 as the Board of Tax Appeals, originated in response to an existing need. In its … Read more