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federal taxes Archive

The IRS Levy And Legal Powers Of Garnishment Defined

TweetShareSharePin0 Shares The IRS Levy And Legal Powers Of Garnishment Defined Source: Flickr IRS garnishment refers to the notice issued by the IRS department to withhold all or some part of the money to the court or to the person who has won the lawsuit to claim the money. The IRS garnishment is limited by

Internal Revenue Service

TweetShareSharePin0 Shares  Internal Revenue Service Source: Flickr The Internal Revenue Service, often known simply as the IRS, has been in place since 1862. While it has done many great things for the country it also gets a bad rap. People don’t like paying in taxes and they certainly don’t like the idea that they

The Most Feared Government Institution

TweetShare1SharePin1 Shares The Most Feared Government Institution Source: Flickr To even mention the name of this government institution can set off waves of anxiety and stories of abuse and persecution that is unheard of for virtually any other governmental body in this country. It’s really amazing the ability of three little words to instill fear

Employer Identification Numbers, or EIN’s

TweetShareSharePin0 Shares Employer Identification Numbers, or EIN’s Source: Flickr If you’ve taken the leap into the entrepreneurial world of “business ownership”, then you may find yourself immersed in a world that speaks a language that is business savvy, and difficult for the untrained ear to understand. One of the most important terms, however, will be

Internal Revenue Service

TweetShare1SharePin1 Shares Internal Revenue Service Source: Flickr The Internal Revenue Service, often known simply as the IRS, has been in place since 1862. While it has done many great things for the country it also gets a bad rap. People don’t like paying in taxes and they certainly don’t like the idea that they may

IRS Obtains More Than 100 Injunctions Against Tax Scheme Promoters

TweetShare1SharePin1 Shares IRS Obtains More Than 100 Injunctions Against Tax Scheme Promoters Source: Flickr The IRS has obtained civil injunctions against more than 100 promoters of illegal tax avoidance schemes and fraudulent return preparers in an ongoing crackdown that began in 2001. Many of the injunctions, obtained in cooperation with the Department of Justice, also

Your Affiliate Business and Taxes

TweetShare1SharePin1 Shares Your Affiliate Business and Taxes Source: Flickr Starting a home-based business on the Internet is easy you say. You have your web page built, your affiliate links and you’re ready to go. Not really, you need to make sure you have all your i’s and t’s crossed when it comes to taxes. Getting

Tax Refunds: How Do They Work?

TweetShare1SharePin1 Shares Tax Refunds: How Do They Work? Source: Flickr The best part about filing your taxes is getting the tax refund check! Chances are, you have been paying your taxes directly, or your employer has been withholding tax dollars from your paychecks. Many individuals overpay on their taxes, so they quickly file their taxes

Reviewing the Impact of Taxes on Economic Growth

TweetShare1SharePin1 Shares With the Biden administration proposing a variety of new taxes, it is worth revisiting the literature on how taxes impact economic growth. In 2012, we published a review of the evidence, noting that most studies find negative impacts. However, many papers have been written since, some using more sophisticated empirical methods to identify

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