Tax Law

IRS rules can be complex, but taxpayers need to understand them to avoid penalties.

The form that a business takes determines the way in which its taxes are paid.

People who owe substantial tax debts can try to negotiate a settlement or a payment plan.

People in the highest and lowest tax brackets face a greater risk of an audit.

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Popular Topics
  • Property Tax
    Local governments often impose taxes on real estate, which are calculated according to the value of the building or land being taxed and are based on ownership rather than use.
  • Sales Tax
    State and local governments often add sales tax to the purchase of retail goods and services at the time that they are purchased.
  • Personal Tax Deductions
    Taxpayers can claim the standard deduction or itemize deductions in areas such as mortgage interest, health care, retirement planning, and charitable donations.
  • Business Tax Deductions
    Business owners can claim deductions for ordinary and necessary expenses related to their business, as well as some travel expenses, office expenses, legal fees, and more.
  • Offers in Compromise
    An offer in compromise involves agreeing with the IRS to pay off a tax debt for an amount less than full value but usually above a certain threshold.
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