Understanding Tax Fraud

Tax fraud is considered failure to file taxes or filing fraudulently. Both of these situations carry penalties to offenders. However, the severity of the penalty and how the IRS will come after you depends on which offense you’ve violated and how flagrantly you violated it.

Failure to File Taxes

6 Advantages to Hiring a Tax Professional

With the deadline for filing your tax return quickly approaching, you may think that you can file your taxes on your own. While technically you can, you may be missing out on several advantages that using a tax professional can provide.

History of Income Taxes and Why We File on April 15

Every year you do your taxes but have you ever stopped and wondered how the payment of income taxes got started? Or why the due date to file tax returns is April 15?

The federal government’s top source of revenue, income taxes are an important part of society. It’s how we pay for many of the necessities that are a part of our daily lives. Members of the nation’s workforce as well as entities such as corporations, trusts, estates, and others that pay income taxes with their profits pay these taxes.