Tax Attorney —
An attorney who specializes in providing tax relief to individuals and businesses with tax problems at the Federal or state level.
Tax Evasion —
An attempt to avoid the payment of taxes due through illegal means.
Tax Exempt —
When you are tax exempt, you are not subject to taxation, particularly in the case of charitable or religious organizations. In addition, certain specific income of individuals can be considered exempt as well.
Tax Return —
Any Federal, state, or local official form of tax reporting required by law to be filed to report income or any other tax liability and any other requirements.
Taxpayer Advocate Service —
An IRS program that provides an independent system to ensure that unresolved problems and conflicts between taxpayers and IRS Collection Officers are promptly and fairly addressed and handled. Although positive in theory, the Taxpayer Advocate Service tends to be a slow and cumbersome bureaucratic process in practice.
Trust Fund Recovery Penalty —
Formerly known as the 100% Penalty, this penalty is assessed to the responsible parties of a business that have failed to pay their Federal payroll withholding taxes.
