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Tag: Tax

Why A Big Tax Return May Not Be So Bad
Financial Q&A

Why A Big Tax Return May Not Be So Bad

My wife wants a reasonably sizable ($3,000+) income tax return every year, so I continuously nag her about it. Unknowingly obtaining a sizable tax refund each year is a common

Tax Evasion
Financial Q&A

What Is Tax Evasion?

Examples and Definition of Tax Evasion The deliberate and unlawful omission to pay taxes to the federal government is referred to as tax evasion. Underreporting or missing income on purpose,

What Is Tax Fraud
Financial Q&A

What Is Tax Fraud?

The deliberate and fraudulent attempt to avoid paying taxes is known as tax fraud, and it is punishable by both civil and criminal laws. Taxpayers can stay on the right

How To Report A Tax Cheat
Financial Q&A

How To Report A Tax Cheat

You keep track of your spending each year, save your receipts, and pay your taxes in April. What if, though, you are aware of someone who isn’t as truthful as

Financial News

Congo Bans Telecom Executives’ Travel in Row Over New Tax

Congo Bans Telecom Executives’ Travel in Row Over New Tax In this article: (Bloomberg) — The Democratic Republic of Congo has banned some telecommunications executives from leaving the country after

What Is a Gift Letter and How Do You Use It
Financial Q&A

What Is a Gift Letter and How Do You Use It?

A formal letter formally stating that money was received as a present from a friend or relative is known as a gift letter. When a borrower receives assistance with the

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