Basis of Determining Tax Rate on Transfer of Capital Assets

A capital asset is an asset that can be sold for a higher amount than the original purchase price. This includes stocks, bonds, precious metals, jewelry, and real estate. The amount of capital gain that is taxed depends on how long the owner has held the asset. In some cases, it can be a long-term …

Understanding the Nature of Income Taxation and its Legal Implications

Tennessee tax law is one of the most complicated areas of tax law. Because there are so many laws regarding taxation, it is essential that tax attorneys are widely available to help taxpayers with their tax problems. Tax fraud and tax evasion are some of the most serious tax crimes in the country. A tax …