Tag: taxation

A lot of taxes fly under the radar and go unreported. In 2021 alone, the IRS estimated that Americans didn't pay approximately $688 billion...

TaxHawk is an online tax preparation and filing software that offers an affordable and easy-to-use solution for individuals and small business owners. With a...

Are you in the market for a new tax software? If so, Keeper Tax might be worth considering. It's an online tax filing service...

What is Form 2848 Form 2848 is used to give someone else authority to represent you before the IRS. This could be an individual, like...

DefinitionThe combination of payroll taxes withheld from a household employee and the employment taxes paid by their employer are commonly referred to as the...

What is 'Ability-To-Pay Taxation' Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a taxpayer's ability...

What is sales tax and why do we have it Sales tax is a tax levied on the sale of goods and services. The tax...

DefinitionBack taxes is a term for taxes that were not completely paid when due. Typically, these are taxes that are owed from a prior...

What is 'Canadian Income Trust' A type of corporate structure as designated by the Canada Revenue Agency that operates as a profit-seeking...

DefinitionA capital gains tax is a tax on capital gains, the profit realized on the sale of a non-inventory asset that was greater than...