Tax Evasion Penalties

Tax evasion is illegally avoiding paying taxes, failing to report, or reporting inaccurately. The most common one is failing to report cash income. The government imposes strict and serious penalties for tax evasion.

Tax evasion is different from tax avoidance, which is making use of legal …

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Write Off Your IPod as a Business Expense

If you’ve been eyeing those sleek new iPods, but you didn’t like the price tag, Uncle Same wants to help you buy one.

Before I go on, here’s the standard CYA…

I’m providing this as information only. It’s up to you and your tax professional to figure out if this is indeed a legi…

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Raising Taxes Hurts Individuals and the Consumer

It is a known fact that high taxes in any nation hurt the individual and this is because the government is inefficient compared to businesses in the things that they do and when they tax us, the money they spend is not well spent. If on the other hand taxes are low and the individuals and consume…

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