IRS rules for Tax relief and collection of tax

IRS rules for Tax relief and collection of tax A financial charge imposed on the taxpayer by the government is called Tax. Failure in paying it is punishable by the law. Administrative divisions also impose taxes. They can be of two types either direct... More

IRS rules for Tax relief and collection of tax
A financial charge imposed on the taxpayer by the government is called Tax.
Failure in paying it
is punishable by the law.
Administrative divisions also impose taxes.
They can be of two types
either direct or indirect.
They can be paid by money or by equivalent labor.
It is a burden on the
individuals so as to support the government.
It is not a voluntary contribution or any kind of
donation but is a compulsory act.
Sometime there are those taxes which are not paid and are
owed from a prior year.
Such taxes are called back taxes.

Types of taxes
•Tax on income
•Social security contributions
•Inheritance tax
•Tax on payroll and enforce
•Tax on property
•Tax on goods and services
•License tax
•Poll tax
•Tariff
•Fees and effective taxes
•Others
Escape from tax
One can get the write-offs and tax breaks that decreases the tax amount or provides concessions
to the tax payers.
It could be granted at local or state levels.
The government Less