Tax law is the codified system of laws that describes government levies on economic transactions commonly called taxes. Tax Law in broader senses encompasses everything from state and federal income payroll and sales taxes to wills trusts estate planning and IRS audit protection. Both individuals and corporate are required filing income tax returns but it is not necessary for everybody to pay the income tax, sales tax and the other taxes. The government has listed certain exemptions in all the cases and for all the taxes that the government levies. To know the taxes and the legalities you should contact us. We have expert tax law advisors who guide you through the tax related legal issues. The tax law help from our team of experts will help and guide you through the issues at reasonable costs and with much less headache. In law schools “tax law” is a sub discipline and area of specialist study. Its specialists are most commonly employed in consultative roles but they can be involved in litigation.

Estate and Gift Taxes Inheritance tax estate tax and death duty are the names given to various taxes which arise on the death of an individual. There is a distinction between an estate tax and an inheritance tax: the former taxes the personal representatives of the deceased while the latter taxes the beneficiaries of the estate. A gift tax is a transfer tax imposed on the value of certain gifts. In the United States the gift tax is imposed on the gratuitous transfer of monetary and non-monetary property and is generally paid by the donor. The gift tax is governed by Chapter 12 Subtitle B of the Internal Revenue Code. Sales Tax Sales tax also known as “gross receipts tax” is imposed by state and local governments on the sale of products and services. Depending on the geographic location of your business certain goods and services may or may not be subject to a sales tax. Payroll Taxes Payroll taxes are state and federal taxes that an employer is required to withhold and pay on behalf of his employees. Income Tax Taxes levied on the income generated because of ones professional activities. When it comes to taxation we know what it takes. It’s complicated and cumbersome. It’s only the professional who could handle it safely and easily. Let our professional lawyer take charge of your tax related legal issues.