![]() | ![]() |
![]() ![]() The Hunt Law Firm, P.C.
1001 Craig Road Suite 330 Saint Louis, MO 63146-6215 Telephone: 314-993-4000 Toll Free: 1-866-993-2889 |
|
|
As an employer, you understand your responsibility to pay payroll taxes to the Internal Revenue Service. If you neglect to do this, you may find yourself facing criminal charges and severe punishment. Your assets could be taken away for trust fund taxes. You need a tax law attorney. Contact The Hunt Law Firm, P.C., for your tax law needs. The attorneys will deal with the IRS so you don't have to. Call them at 314-993-4000. Taxation - An OverviewIn the United States, taxation - compulsory contributions imposed by government to pay for its services - has always been an important issue. "No taxation without representation" was a rallying cry of the American Revolution, and in 1773, Boston residents dumped hundreds of crates of tea into their harbor rather than pay a British tax on tea. In the early twentieth century, Justice Oliver Wendell Holmes asserted famously "taxes are the price we pay for a civilized society." Today, taxation can still be contentious, and it has become more complex, as multiple levels of government all impose charges of various types on individuals and businesses. Today, the federal government, state government and local government can all impose taxes. In addition, numerous special taxing districts at the regional level impose taxes for items such as schools, utilities and transit. If you have questions about the tax laws, talk to a tax attorney. Federal Income Tax IssuesIndividuals can face a number of tax issues for which the assistance of an attorney is advisable. While an accountant can help an individual with filing his or her federal income tax return, a tax lawyer may be able to help if there are issues with that return. For example, an attorney can assist with IRS audits and litigation with the IRS over refunds or other issues. If you are dealing with a tax matter, an attorney can evaluate your situation and explain your options. Civil and Criminal Tax PenaltiesFailure to pay taxes or follow the Internal Revenue Service's rules and regulations can result in serious civil and criminal penalties. This article highlights the civil penalties for some of the common actions or omissions by taxpayers, as well as the penalties for various tax crimes. If you have questions about tax violations and potential penalties, contact an experienced tax attorney. Taxpayers' Rights Regarding the IRSIn the mid-1990s, the poor treatment many taxpayers received from the Internal Revenue Service (IRS) produced a national effort to establish the rights of taxpayers in dealings with the IRS. In 1996, Congress passed a Taxpayer Bill of Rights Act, which established a Taxpayer Advocate Service within the IRS. Two years later, following hearings investigating IRS abuses of power, Congress passed the IRS Restructuring and Reform Act to restructure the IRS and make it more responsive to taxpayers. This legislation is the starting point for understanding the rights of taxpayers in relation to the IRS, rights that are of particular interest to taxpayers filing the estimated 5 million individual and business returns that annually end up being audited or in some other dispute with the IRS. If you have questions about your rights as a taxpayer, schedule a consultation with a tax lawyer. Alternative Minimum TaxCongress created the alternative minimum tax (AMT) over three decades ago to prevent wealthy taxpayers from paying little or no tax due to various deductions, exemptions and other preferences in the tax code. The AMT is essentially a separate tax system that requires people to recalculate their taxes using income that would otherwise be exempt from regular taxation. For many years, the AMT affected few taxpayers but recently, application of the AMT has grown so rapidly that it now affects several million people. If you have questions about the AMT or whether it affects you, talk to an experienced tax lawyer. Taxation Resource Links
Internal Revenue Service
Taxpayers Advocate Service
Streamlined Sales Tax Governing Board
Streamlined Sales and Use Tax Amnesty Program
ABA Section of Taxation
|
Call us nowor use the form below.Frequently Asked Questions about Taxation
Q: What is taxation? A: A tax is a compulsory payment by an individual or business entity to a governmental body. In practice, there may be little practical difference between a tax and a fee or charge. The legal distinctions, however, are important. One reason for this is that many states have restrictions on the ability of local governments to raise taxes in their constitutions or statutes. Q: What is the Alternative Minimum Tax? A: Congress created the alternative minimum tax (AMT) over three decades ago to prevent wealthy taxpayers from paying little or no tax due to various deductions, exemptions and other preferences in the tax code. The AMT requires people to recalculate their taxes using income that would otherwise be exempt from regular taxation. |
|
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Copyright © 2008 by The Hunt Law Firm, P.C. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. |