All my preconceived notions about hiring and paying a tax
attorney were wrong when I finally accepted the coffee the Chennai tax attorney
offered at the end of a hour long discussion.
Till then, I thought I really know a lot about tax saving schemes
but the young tax lawyer politely proved me that I should better not apply
mathematics knowledge to save income tax.
There are things that we all need to comply and consider in
order to adhere to what the law expects of us-right? Tax laws can be
complicated if, non-legal persons decide to manipulate with them.
Tax law is an elaborately codified system that covers
government levies on certain business or economic transaction, imposes taxes. These laws are frequently modified as per
economic scenario that prevails. If you failed to do your duty as a taxpayer,
you will be punished.
In addition to safe guard the nation’s economy, tax law is
crucial in business as well as personal planning matters. If you are facing an
Internal Revenue Services (IRS) trouble, you need a tax attorney to assist and
defend you.
Tax laws demand that we keep tax records for the government
to check. Said records can also serve as proof of your compliance with the tax
laws. Nonetheless, many taxpayers have no idea about what records to keep and
how long to keep them.. Most of us are only bothered about how to avoid paying
taxes though as per the Government’s approved tax saving schemes.
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