Annual Taxes - Humor In The Drudgery: Difference between revisions

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Latest revision as of 17:41, 22 September 2024

The courts have generally held that direct taxes are limited to taxes on people (variously called capitation, poll tax or head tax) and property. (Penn Mutual Indemnity Co. v. C.I.R., 227 F.2d 16, 19-20 (3rd Cir. 1960).) All the taxes are commonly referred to as "indirect taxes," because they tax an event, rather than somebody or property per se. (Steward Machine Co. v. Davis, 301 U.S. 548, 581-582 (1937).) What were a straightforward limitation on the power of the legislature based on the main topic of the tax proved inexact and unclear when applied to an income tax, which can be arguably viewed either as a direct or an indirect tax.

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So matter of tax dues possibly be annoying, just just tax in simple. However, it pays to be aware of and ready when this one day knock during your door. IRS is authorized to collect taxes, whether we the same as or far from being. Hence, it's just fitting for taxpayers for you to wait until a demand from IRS will be received. However, to get yourself a head together with tax dues, before IRS runs after.

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