Popular Tax Questions

The 16th amendment permits the United States Congress to levy taxes on the individual incomes without dividing the revenue to the states. The amendment was passed in...

Yes, your trustee will require you to turn over your refund as a source of payment for your creditors. The reason for this is because the trustee will...

Yes you do. It really depends on which state you reside in during the transaction and which state you decide to...

Yes the state can take back your refund under the circumstance of your student loans defaulting particularly because...

For most states, no your tax refund cannot be taken away and used as payment of your repossessed car if you decide not to pay for it; however, the lender can...

Doing your own taxes by yourself is actually easier than most people think, but it does require strict following of instructions or else...

The tax that all wage earners are required to pay to the federal government is the federal income tax. This tax is required by law to...

If you fail to pay your taxes, or even fail to file them altogether, the consequences could be dire. First and foremost, you receive...

Corporate taxation plays out just like the federal income tax placed upon an individual person, but is placed upon...