The Tax Man Cometh... To Search

You're at your office, or home, and the doorbell rings ? it's the Canada Revenue Agency ("CRA").

The first thing to do is find out why they've come. If it is an "inspection, audit or examination" of your books and records under §231.1 Income Tax Act ("ITA") then they have a right to be at your place of business, during business hours, to do these things.

Just collect a copy of the business card of the officer and ask them to write what authority under the ITA they are relying on. Other than that cooperate with them, and produce your books and records.

If they are there to serve you with a "Requirement to Produce Information or Documents" under §231.2 then, they'll have an RPID, in writing, to give to you. Subject to certain technical prerequisites this is something CRA is empowered to do.

Just collect a copy of the business card of the officer, as well as, a copy of the RPID and ask them to write on the back of their business card; whether it is you, or someone else, who is the subject of the RPID.

If it someone else, ensure that their name is listed on the front of the RPID. CRA must give you a "reasonable time" to produce the information or documents and use this time to consult with your accountant or lawyer. Normally, however, you'll be required to produce the materials required.

Once again, be polite and listen to what is said. When the officer's leave write everything you can remember down.

But, if they are at your house, or present you with a search warrant then this is something else entirely, and you need to know your rights.

There is no substitute for prompt legal advice, but the following suggests may assist you, when and if this ever happens to you:

1. Ask to see the search warrant before you let anyone in. If you are at home, step outside and close the door behind you while you examine the Search Warrant ("SW") papers.

The searchers are required to show you a copy of the warrant or tell you what is in it before executing it. Examine the paperwork very carefully. The officers are required to leave you a copy of the SW when they leave.

SWs can be based on incorrect, incomplete or inadequate grounds and searches can be carried out as a "fishing" expedition by CRA; if any of those prove to be true then you do you have legal rights, but that is something that your lawyer will have to handle for you ? in the future ? while the search(es) are on-going your only responsibilities are to be observant, record everything that occurs, be polite and avoid a confrontation with the officers.

2. Ask the person in possession of the search warrant to identify themselves and all of those with him (or her) and to indicate whether those persons are authorized to aid in the execution of the warrant.

See if the persons who are present are listed on, or authorized by, the warrant to conduct the searches. Collect business cards from each of the searchers, and if someone doesn't have a card then get a card from another searcher and have them write their information on the back of that card.

3. Request time to review the warrant and to obtain legal advice with respect to your appropriate course of conduct.

4. Read the warrant carefully to determine:

- the premises covered

- the specific documents or objects it covers

- the alleged offence(s) which are the subject of the warrant(s)

- Read the date and times that the warrant authorizes search.

While you do these things the officers will see that nothing is removed from the premises, either by you or by someone else; but as long as they can ensure this to be the case, they should give you the time to review and satisfy yourself on the terms of the SW.

5. At the same time that the warrant is being reviewed, instruct someone to make the following calls:

- to your legal counsel; say something like "Officer, I have nothing to say until I speak with my lawyer." You have the right to be silent, use it.

NB: if your lawyer's office, or home, is searched they should claim your solicitor-client privilege and follow the procedures set forth by their provincial Law Society. Because you are not the lawyer's only client the lawyer should ask to have their Law Society send a representative out to attend at the search site and ensure that your lawyer's other client's rights and privileges are not violated.

- to your accountant

- other individuals named in the warrant whose offices or homes are to be searched. They should be told not to remove any books or records before the SW is executed on their premises.

6. If told that you must sit down and not use the phone, ask: "Am I under arrest?" If the answer is "No" or "Not yet" then no one has any right to touch you, or to hinder your use of the telephone.

If an officer does touch you, then ask again: "Am I under arrest?" If the answer is no, then say: "In that case, please take your hand off me." If this happens call your lawyer immediately, and seek their advice.

Be polite and if you make an objection make it calmly and ensure that you record all of the details carefully.

It is possible that you may be subjected to "administrative detention," which is practically like being arrested, but it will stop when the search is over.

7. Do not "agree" that the search can be expanded beyond the limits described in the warrant. If you are asked to "agree" say very clearly that you don't agree and ask the officer in charge to witness your refusal.

This may be important if the officers make over-seizures; that is, take things not authorized by the warrant (and chances are that they will). Some such extra seizures may be authorized by law, but keep detailed notes and discuss this with your lawyer.

8. Do not answer any substantive questions; that is, don't make any statements or allow yourself to be questioned without your lawyer being present - use common sense here.

If you insist on ignoring your right to remain silent, then when you do say something be honest and tell the truth.

9. The CRA will be accompanied by an RCMP officer, ask this officer for a business card as well. This officer is present to keep the peace and not to search. If the RCMP does appear to be searching or making seizures then tell your lawyer.

10. Keep track of the paperwork that is being seized; see that each item (as far as possible) is authorized for seizure by the search warrant and that the officers don't engage in over-seizures. If they do take things not authorized by the warrant, then record the particulars and tell your lawyer ? do not argue with the officers.

11. In the unlikely event that the searching officers damage your property then politely object to the officer in charge, giving any pertinent details and ask them to stop. Be sure to write down as much information as possible.

12. DO NOT attempt to impede, physically, verbally or otherwise, any person from executing a search warrant. To do so may be an offence.

If you believe that the warrant doesn't authorize a particular seizure, then ask the officers to wait while you call your lawyer. Have your lawyer discuss any technicalities with the CRA officers.

13. If you have any documents over which solicitor-client privilege may exist, identify the documents and their location and indicate to the search officer that the documents are subject to solicitor-client privilege and that you require that the appropriate procedures be followed to protect the privilege.

This includes sealing the documents into a separate box, listing the contents (in general terms) and having the box taken to the Sheriff. CRA will ask you to give them custody of these materials, but it is better to have them delivered to an independent third party.

14. Keep an accurate log (or copy) of all documents seized and have the officer in charge confirm that your copy is accurate - do this before the officers leave the premises.

If the officer(s) refuse then obtain from them a written undertaking tell you when you will get an inventory, and ask for both the paper and the electronic versions, to make reviewing the data easier on your lawyer.

15. If CRA takes a copy of your computer hard drive(s), or takes copies of your computer disks, CDs or DVDs then request a copy of all of the seized originals before they leave the premises.

If possible observe each disk being copied, and have the officer sign the copy, numbering each disk in the series (i.e., 1 of 5, etc.)

16. The CRA officer in charge, or team leader, will have sworn a document called an 'Information to Obtain a Search Warrant' ("ITO") which was presented before a Justice who must be satisfied that the officer has reasonable and probable grounds that there has been an offence committed and that a search of the premises will disclosure evidence relating to the commission of that, or those, offence(s).

17. Once the search has been completed the officer in charge, or the searchers having, must file a "Report to a Justice" with the court, explaining what they did with the SW and listing what they took.

Examine the attached scheduled must list all that is seized, if you find any discrepancies between what is listed there and with what you recorded as seized tell your lawyer immediately.

18. Have your lawyer request the right to attend at the hearing before the Justice, when the Report to a Justice is presented.

19. Have your lawyer request a copy of the Witness List(s), for all of the officers who attended the search, as well as, a copy of their statements, any affidavits sworn in support of the Report to a Justice, and any Will Say Statements, as they become available.

If you are charged, your lawyer will be entitled to these documents, but do what you can to obtain copies as soon as possible, because any problems should be raised at the first possible opportunity by your lawyer.

20. Get your lawyer to obtain from CRA a copy of the ITO relating to the search warrant. They will also be available from the Court Office where it is a public document and can be obtained for the cost of photocopying ? this ITO will prove to be valuable to your defence.

If you have not been charged with an offence under the Income Tax Act ("ITO") or Criminal Code ("CC") then CRA will require a Retention Order to keep your seized materials.

21. The Income Tax Act and Criminal Code each provide a code of rules which CRA officers must comply with in preparing ITO's and executing warrants. If they have failed to do so or otherwise fail to comply with the law, then your lawyer may be able to pursue remedies on your behalf.

Just like you, CRA officers, are required to follow the law.

The more accurate and complete your search notes are, the more assistance you will be to your lawyer in ensuring that all of your legal rights have been protected.

Staff Writer
For Tax Evasion Resources
http://www.taxevasionresources.com

In The News:

The Teddy Bear Test, and Other Ways to Pass a State Tax Audit  The New York TimesEvery year around this time, people grumble about their tax bills. This year, taxpayers who lost the deduction for state and local taxes in the 2017 tax overhaul ...
IRS reduces threshold for imposing penalties on underpayment of taxes  MarketWatchThe U.S. Department of the Treasury Friday announced more leniency towards taxpayers who have underreported their tax payments as a result of ...
This Short Animation Might Make You Think Twice About Taxes  Bitcoin NewsA Bitcoin Cash (BCH) supporter recently noted that the biggest hindrance to cryptocurrency adoption is tax laws and reporting taxes on digital currency usage.
Faster Tax Cuts Could Be Backfiring on Republicans  The New York TimesWhen President Trump signed a large package of tax cuts into law in 2017, the Internal Revenue *Service* moved to make sure the savings showed up quickly in ...
These people won't have their taxes ready by April 15  CNBCIf there was ever a year in which you were likely to ask the IRS for more time, this is probably it. Filers have four more weeks to submit their 2018 tax returns and ...
Dread doing your taxes? Some tips on hiring someone to take over  The Conversation CAYou need to be confident and establish a firm, trusting relationship before entrusting someone to do your taxes. Start as soon as possible. Don't wait for the April ...
Explainer | What does GST Council’s transition plan for new taxes in real estate sector mean  Moneycontrol.comWith the government providing options to the developer under the GST regime, they cannot charge increase rates from buyers, say experts.
Income Tax department warns of fake refund mails and messages  Times NowNew Delhi: If you have been receiving income tax refund emails and messages, be careful because some of them might be fake! The income tax department is ...
Trump Tax Reform Hits Home in Wealthy New York Suburbs  BloombergQuint(Bloomberg) -- Nick Boniakowski's clients bought a home in Northern New Jersey in 2016. Now they want to move again. They found a house they liked.
Last-minute rush for tax saving? You can look at these ELSS funds  Economic TimesWith just a few days left of the current financial year, many investors would be searching last minute for investment option under Section 80C to save on their ...
Can’t pay IRS the taxes you owe? This is the one thing you shouldn’t do.  The Washington PostIf you owe the IRS don't fall for a debt settlement scam.
Angel Tax: From despair to hope  EntrackrNow the debate on Angel Tax was heating up in the country. Many startup ecosystem leaders were making their opinions heard.
Taxes From A To Z 2019: H Is For Home Office Deduction  ForbesIt's my annual Taxes from A to Z series! This time, it's Tax Cuts and Jobs Act (TCJA) style. If you're wondering whether you can claim home office expenses or ...
‘Sports complex fails to pay Rs 5 crore tax dues’  Ahmedabad MirrorCong leader alleges that AMC seals properties with tax dues, but has failed to seal the complex.
How to tax the rich, explained  Vox.comIt's no accident that the Democratic Party went from wanting a 39.6 percent top tax rate to wanting much more.
CBDT gives 90 startups immunity from Angel Tax  Economic TimesIn what will give relief to 90 startups from taxman's questioning their valuation during fund raising rounds and slapping angel tax, the Central Board of Direct ...
Blow to I-T department’s year-end tax recovery drive  Economic TimesNew Delhi: The income tax department's plans to arm itself with an SC order to boost year-end recoveries have hit a roadblock. The authorities had approached ...
Fox tax ruling to help other MNCs  Economic TimesGovt looking to articulate rules to tax MNCs based on volume of transactions and number of consumers in India.
Time for candidates to disclose their tax returns  The Washington PostIt is remarkable, really, that only two of the Democratic presidential candidates have disclosed their tax returns. Given how many are calling for President Trump ...
What taxes are due when a non-relative inherits a home?  NJ.comQ. I plan on leaving my house to a non-relative. What are the tax scenarios? — Planning ahead. A. We're glad you're asking before it's too late. There are a few ...
What is Pink Tax and who gets impacted by it? Find out  The Financial ExpressPink tax is subtle and not illegal, but it's substantial. Here's all you need to know about this tax.
Immigrants In Austin Pay More Taxes, Have More Spending Power Than In Other Large Texas Cities  KUTA new study shows immigrants have an outsized impact on Austin's economy. Overall, 4.8 million immigrants in Texas paid $34.8 billion in taxes and had an.
How Democrats Want to Tax the Rich  BloombergDemocrats are leading the 2020 presidential campaign with a slew of tax-the-rich proposals, representing a tone change revealing a party moving to the left.
Here are 5 quirky deductions you may not know about that can help lower your taxes  CNBCIf you are looking for a way to pay less to the IRS, think outside the box when it comes to deductions.
Tax queries: Can you claim tax refund on TDS deducted by employer on gratuity?  Economic TimesDilip Lakhani Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
Are you aware of these PAN card rules? Check details here  Times NowPAN is 10-digit alphanumeric number which is used as an identity proof. It contains verified information of the cardholder like name, date of birth, ...
Powerball jackpot jumps to $625 million. Here's the tax bite if you win  CNBCUncle Sam would shave tens of millions of dollars off the windfall before it even reaches the winner, and more would be due at tax time.
Beware April 1 - Foreign Investors And Local Companies  BloombergQuintApril 1, 2019 will usher in higher corporate governance standards for Indian listed companies and higher taxes for foreign investors coming to India via Mauritius ...
Suze Orman: If you get a tax refund, you're 'making one of the biggest mistakes out there'  Yahoo FinanceFinancial expert Suze Orman says that it's not smart to get a tax refund because you're basically giving the government an interest-free loan. Instead, you should ...
We calculated tax-refund size for different jobs after tax reform  Business InsiderBusiness Insider estimated federal tax refund amounts for different jobs based on a single person with no dependents who claims zero allowances.
6 fixed income investments to help you save tax under section 80C  Economic TimesLong-term debt investments should form a part of every investor's portfolio to maintain stability, especially during economic volatility.
Mangaluru: ICICI Bank opens digital tax collection centre for MCC  Times of IndiaMANGALURU: ICICI Bank in association with Mangaluru City Corporation (MCC) on Wednesday inaugurated digital tax collection centre to facilitate digita.
Statutory Dues Of Income Tax, VAT Etc. Are Operational Debts Under IBC : NCLAT [Read Judgment]  Live LawThe National Company Law Appellate Tribunal has held that statutory dues of income tax, value added tax etc. are 'operational debts' under the Insolvency and ...
This just might be the worst tax-filing status to claim  CNBCWhether your spouse has dubious sources of income or you're in the process of a split, there are a few situations in which it makes sense to file separate tax ...
Number of top income tax filers continues to rise in Minnesota  Star TribuneThe number of Minnesotans in the highest state income tax bracket rose dramatically between 2016 and 2017, a trend that is expected to fuel a growing tax ...
Copper, aluminium prices higher after Chinas tax cut for manufacturers  Business StandardRead more about Copper, aluminium prices higher after China's tax cut for manufacturers on Business Standard. The tax cut will save tax burden for enterprises ...
Don't wait to file for an extension on your tax return  CNBCCongressional Democrats have been talking about providing an extension to the April 15 deadline for filing your tax return. The rules under the new Tax Cuts ...
What BS Yeddyurappa Said To Tax Officials About "Bribe Records"  NDTV NewsBS Yeddyurappa, the BJP's Karnataka chief, rubbished the allegation in a news report today in the Caravan magazine claiming that he had paid Rs 1800 crore ...
Should builder or home's buyer pay these property taxes?  NJ.comConfusion about who should pay, and a builder penalty, too.
Unfair State Tax Codes Also Exacerbate Racial Inequity  Just Taxes BlogThe latest edition of ITEP's Who Pays? A Distributional Analysis of the Tax Systems in All 50 States details how most state and local tax structures contribute to ...
How much tax can you save via tax saving investments, expenditures?  Economic TimesThe amount of tax you can save via tax-saving investments and expenditures depends on the tax bracket you fall in after claiming all the deductions you are ...
7 red flags that could trigger an IRS audit of your taxes  USA TODAYNo one wants a visit from the Internal Revenue *Service*. But if you get too generous with your calculations, you may need to back up your tax return.
Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh cr  Economic TimesNEW DELHI: With fiscal math under pressure due to lower buoyancy in tax collection, the government is eyeing advance tax payment to meet the revised Budget ...
Americans want the wealthy and corporations to pay more taxes, but are elected officials listening?  Brookings InstitutionEconomic inequality is on the rise in the United States and has been for the past 40 years. Prominent Democrats have offered several proposals to curb ...
Primer: All you wanted to know about tax breaks for selling multiple houses  Business StandardBuying and selling properties is part and parcel of any taxpayers life. It is not uncommon to purchase or sell houses either for monetary gains or to move into a ...
Trump promised tax cuts would bring back jobs, but GM workers in Ohio feel betrayed.  Center for Public IntegrityIs it the end of the line in Lordstown? Politicians play the blame game, while employees ponder an uncertain future. Trump's Tax Cuts: The Rich Get Richer ...
Yes, We Need a Green New Deal. Just Not the One Alexandria Ocasio-Cortez Is Offering.  The New York TimesYes, of course, we need a Green New Deal to address the world's most urgent crisis, global warming. Just, please, not the one that a flotilla of liberal politicians, ...
7 Things Artists Should Know before Filing Taxes  ArtsyWe spoke to artist-accountant Hannah Cole to learn some basic tips that can help artists navigate tax season.
Nintendo Tortures Animal Crossing Fans With Tweet About Taxes  KotakuYesterday, the Nintendo of America Twitter account posted the above image of Animal Crossing's Tom Nook and suggested the money-lending raccoon had ...
Property taxes could skyrocket in NJ — here's why  New Jersey 101.5 FM RadioIt's no secret that school funding is what drives New Jersey's highest-in-the-nation property taxes. Assemblyman John Burzichelli, D-Gloucester, said during ...
To tax or not? Govt makes last ditch attempt to save India-US trade package  Business StandardLess than a month before the country goes to polls, the government is pushing forward on the proposed India-US trade package to clear pending bilateral issues ...
Taxes 2019: How long should I keep my tax returns?  USA TODAYWhen it comes to tax returns, the rule of thumb is to store those suckers for seven years in case the Internal Revenue *Service* or state government has some ...
Why Americans Don’t Cheat on Their Taxes  The AtlanticThe weirdly hopeful story of how the U.S. came to be a leader in tax compliance.
Oil and gas generates $1 billion in state and local taxes for Colorado, report finds  The Denver PostColorado's oil and gas industry and its employees pay almost $1 billion in state and local taxes, according to a new report released Friday — a significant chunk ...
Illinois lawmakers seeking to double state gas tax, raise $2 billion for infrastructure  WQAD MolineSPRINGFIELD (Illinois News Network) -- There's a $2 billion gas tax increase on the table at the statehouse to pay for infrastructure projects, but some warn such ...
Illegal immigration taxes: Unauthorized immigrants pay state taxes  Vox.comUndocumented workers paid about $11 billion in state and local taxes, according to a 2017 report by the Institute of Taxation and Economic Policy.
Tax optimiser: How salaried Kamal can save Rs 40,000 tax via perks, NPS  Economic TimesNot only should you ask your employer/company for the NPS benefit, but you should also ask for other tax-free perks like LTA, telephone bill. You can reduce ...
Amazon Doesn’t Plan to Pay the IRS Anything This Tax Season  BloombergAmazon.com Inc. does not plan to pay the IRS anything this tax season. Yet that's not largely because of President Donald Trump's tax overhaul.
Florida Sen. Rick Scott keeps trolling New York over its taxes  Rochester Democrat and ChronicleThe former Florida governor penned an op-ed and appeared on national TV to needle the Empire State.
How to save income tax via medical expenditures under sections 80D, 80DD, 80DDB, 80U  Economic TimesIf you can't afford to pay for health insurance premium or unable to buy one due to pre-existing conditions, then also you can save tax via medical expenditures.
I-T department, other tax agencies can initiate insolvency: NCLAT  Business StandardThe Income Tax department of the central government, the sales tax department of the state government and other local authorities “who are entitled for dues ...
Daily Digest: Health care and taxes | Capitol View  Minnesota Public Radio NewsGood morning, and happy Friday. Here's the Digest. 1. Health care tax becomes focus of debate. The debate over a tax on health care providers in Minnesota ...
5 Things to Know About Cryptocurrency Taxes Before Tax Season  CryptoGlobeCryptocurrency taxes, in their current state in the US, aren't exactly a walk in the park. Currently, the Internal Revenue *Service's* (IRS) stance on some ...
Billionaire investor Ron Baron: It's OK for me to pay 50% in taxes — but I could always move to Florida if I didn't want to  CNBCBillionaire Ron Baron says capitalism works for people if "they are educated and are able to take advantage of the system."
4 important tax benefits of buying a house jointly  Economic TimesBy Homi Mistry Buying a house is a dream for millions of people in India. The government has provided various tax benefits to individuals to encourage them to ...
Amazon paid no federal tax for 2018 – but how much profit did it earn?  The GuardianThough Amazon's Queens headquarters were ultimately scuppered it turns out the company is already receiving benefits from the government.
Tax queries: Annuity received on a periodic basis is taxable as an income under the head ‘Salaries’  Economic TimesDilip Lakhani Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
Most people want higher taxes on rich to support poor – OECD  The Guardian'Deeply troubling' survey of 21 countries finds 60% believe they are not getting 'fair share'
John Nygren says Wisconsin Republicans have cut taxes by $8B, still grown revenue  PolitiFactEditor's Note: This item was updated March 22, 2019, with the rating changed from Half True to True, based on additional research and to remain consistent with ...
Tax collectors chase rich New Yorkers moving to low-tax states. Auditors inspect cell records, even your dog's vet bills  CNBCThe cat-and-mouse game between state tax collectors and wealthy New Yorkers who are moving to Florida has reached new levels — and gone high tech.
Americans' Long-Standing Interest in Taxing the Rich  GallupCandidates' proposals to increase taxes on the wealthy are not new, but do generally resonate with American public opinion.
Remember The Grasim Demerger? It’s Staring At A Tax Hit Of Over Rs 5,800 Crore  BloombergQuintNearly two years after the Aditya Birla Group implemented a restructuring of group companies Nuvo, Grasim and Aditya Birla Capital, the income tax department ...
Govt faces direct tax mop-up shortfall, collects Rs 4 trn as advance tax  Business StandardPhoto: Shutterstock The income-tax (I-T) department collected over Rs 4 trillion as advance tax from corporates and individuals as of March 15 in the current ...
Seth Meyers Says Trump Should Pay His Taxes, Not Donate His Salary  The New York TimesWelcome to Best of Late Night, a rundown of the previous night's highlights that lets you sleep — and lets us get paid to watch comedy. If you're interested in ...
Tax the Rich? Here’s How to Do It (Sensibly)  The New York TimesEveryone, it seems, has ideas about new tax strategies, some more realistic than others. The list of tax revolutionaries is long. The short list includes ...
Pre and post-Budget 2019: How tax benefit changes for individuals with 2 home loans  Economic TimesThe interim Budget 2019 has proposed to treat the second house owned by an individual as self-occupied and thereby removed the necessity of paying tax on ...
Long-shot presidential candidate Andrew Yang wants to tax Amazon sales and give that money to Americans  CNBCYang, who announced his candidacy in late 2017, is proposing a 10 percent VAT on big companies like Amazon and Google. But he said he doesn't believe ...
Disabled can claim tax saving deductions up to Rs 1.25 lakh under sections 80DD, 80U  Economic TimesThe Income Tax Act allows deductions from your gross total income, before the levy of tax, if medical expenditure has been incurred on the treatment of a ...
Taxing your privacy  TechCrunchData collection through mobile tracking is big business, and the potential for companies helping governments monetize this data is huge. For consumers ...
View: A case for a minimum alternative tax on revenues, not on profits  Economic TimesThe right alternative is to tax revenues, not profits. A tax on revenue will apply even to loss-making companies.
China economy: Beijing unveils $298bn tax cuts to boost growth  BBC NewsChina's number two leader Li Keqiang has warned the country faces "a tough struggle," as he laid out plans to prop up the world's second-largest economy.
How to find Income Tax Assessing Officer or AO details?  Economic TimesAssessing Officer is authorized to assess the income tax return you have filed and if he finds any discrepancy in your filed return, he will send you a notice ...
Resolve angel tax issues fast, CBDT tells its officers  Economic TimesMUMBAI: The Central Board of Direct Taxes (CBDT) has asked its officers across India to avoid taking “coercive measures” against companies that have ...
Rich People Find It Hard to Flee States Targeted by SALT Limits  BloombergWealthy Americans contemplating a move to a low-tax state might want to reflect on these five tales of woe.
Income tax department in race against time to meet target  Economic TimesMUMBAI: The taxman is in for a chase with revenue from income tax (I-T) trailing a stiff target. Tax collection till the third week of February was a little less than Rs ...
How to secure your e- Tax Filing Accounts through e - Filing Vault  Economic TimesThe Income Tax Department has secured your e-filing account from possible misuse. To enable this additional secured access, here is the process of activating ...
Where you'll pay the most – and least – on state and local taxes in the US  USA TODAYFrom the checkout counter to the 1040 form due every April, what Americans end up paying in taxes depends largely on where they live.
Lawmakers Support ‘Pied-à-Terre’ Tax on Multimillion-Dollar Second Homes  The New York TimesGov. Andrew Cuomo said the tax on homes in New York City could allow the state to raise $9 billion in bonds to help fix the subway.
A visit to a medical lab or diagnostic centre can help you save tax; here's how  Economic TimesThis is a yearly phenomenon that happens at the end of every financial year. All kinds of financial *service* providers - right from banks to insurers to fund houses ...
Pay your pending advance tax by 15 March  LivemintYou need to pay the fourth and last instalment of advance tax for financial year (FY) 2018-19 by 15 March, if you want avoid paying an interest on the amount ...
Paris to tax scooter and bike services  TechCrunchAccording to the City of Paris, there are 15,000 free-floating vehicles of all forms and shapes in the city, from electric scooters to fluorescent bikes and ...
ET Wealth Wisdom: Tax-saving 101 for young earners  Economic TimesIn this week's ET Wealth Wisdom podcast, Shambhavi Mehrotra and Tania Kishore Jaleel try to simplify tax saving for young earners.
This group of Americans will most likely get the biggest tax refunds  CNBCThe new tax law may mean many Americans see a smaller federal refund this year, or perhaps even owe money to the IRS. But some may actually see a higher ...
What is pink tax and are you paying it ?  LivemintPink tax refers to the invisible cost that women have to pay for products designed and marketed specifically to them.One way to beat pink tax is to not fall for ...
Downtown micro-apartments seek tax break from Salem City Council to tamp rent  Salem ReporterMost of the units at the upcoming downtown Salem complex could be 270 square feet in size and cost $850 per month. The average studio in Salem costs $953 ...
GST's promise of one nation, one tax. Has it delivered?  Economic TimesIt has been slightly over 20 months since the historic moment of July 1, 2017, when a gong in a special midnight joint parliamentary session signalled the launch ...
Even SALT-Pinched Minnesotans Flocking to ‘Last Great Tax Haven’  BloombergIt's not only residents of high-cost coastal states that are plowing into municipal bonds as a haven from the new deduction limits. It's happening in Minnesota, too.
How to avoid last-minute tax planning mistakes  Economic TimesTaxpayers often commit mistakes in a rush to save tax. Here's how to avoid investing errors you might regret later.
Startups Caught In Angel Tax Net Also Getting Relief  BloombergQuintStartups that received angel tax notices are also getting relief after the government last month tweaked rules amid fears that the levy could deter early-stage ...

How to Check the Status of Your Tax Refund Online

So, you were pleasantly surprised to learn that you are... Read More

Furnishing Evidence in E-Tax Compliance

Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This... Read More

Where to Find Tax Breaks for Your Home Based Business

April 15th looms in front of most people every year... Read More

What is a Federal Tax Lien?

A Federal Tax Lien (FTL) is a legal instrument that... Read More

Know A Tax Cheat? Get Paid To Tell The IRS

According to the IRS, taxpayers underpay their taxes by some... Read More

Save Money on Taxes - Double Your Income Now With Tax Saving Tips on Deductions

Adding Your First Additional Stream of IncomeMost new wealth builders... Read More

How To Set Up A Tax-Saving Bookkeeping System

One of the most important, but least understood or appreciated... Read More

Business Tax Loophole: Leasing Assets To Your Corporation

While there are many equally valid reasons to incorporate, saving... Read More

Small Businesses: Company Car Vs. Personal Mileage Reimbursement In Hurricane Katrinas Wake

With gas prices at an all time high before Hurricane... Read More

Navigating The Internet Sales Tax Laws

QUESTION: I have been contacted by my local city... Read More

Render Unto Caesar

Once a year Canadian taxpayers are required, by law, to... Read More

How Likely Are You To Be Audited?

Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing... Read More

Small Business Tax Credit - Americans with Disabilities Act

Many small businesses complain when confronted with the expense of... Read More

Insider Guides to IRS Audits!

Ever wish that, as a business owner, you knew exactly... Read More

Euro Tax Haven Threat

Media reporting of a new EU savings tax directive has... Read More

Save Money on Taxes - Is the Only Way to Get Your Tax Savings is to Sleep With an IRS Agent?

Tilting the Tax Laws in Your Favor.In order to accelerate... Read More

IRS Certifies 2006 Toyota Hybrid for Clean Fuel Deduction

The Internal Revenue Service has certified the 2006 Toyota Highlander... Read More

Highlights of IRS List of 2005 Tax Scams

Each year, the IRS lists various scams taxpayers get caught... Read More

IRS Offer-in-Compromise, Hype or Hope?

"Settle for Pennies on the Dollar! IRS debts settled for... Read More

Rearrange Your Affairs For Maximum Tax Savings

One way to maximize your business profits is by reducing... Read More

Understanding Marketing Tax Deductions

Marketing is a necessary expense in running practically any business... Read More

10 Thoughts on Tax Offer in Compromise

Beware of advertisements that claim to settle tax debts for... Read More

Slash Tax when Buying a Business

When buying a business, how the "purchase price" is made... Read More

Rental Property Tax Deductions

Own residential rental properties? This article discusses how income from... Read More

Corporations Failing To Claim AMT Exemption Overpay Taxes By $11,000

Does your incorporated business pay alternative minimum tax ["AMT]? If... Read More