An official document issued by the Internal Revenue Service (IRS) permitting the undersigned to claim residency within the U.S. for income tax reporting purposes. The form is officially called a "Certificate of Alien Claiming Residence in the United States", and will make the undersigned's total income subject to the tax laws of the United States for the tax period … [Read more...]
What is an Abusive Tax Shelter?
Abusive tax shelters are transactions promoted for the promise of tax benefits with no meaningful change in a taxpayer’s income or assets. It is a tax shelter that somebody claims illegally to avoid or minimize taxThese transactions typically have no economic purpose other than reducing taxes with predictable tax losses or tax consequences. Abusive tax schemes may involve the … [Read more...]
Tax Avoidance : an Overview
Tax avoidance is the legal utilization of the tax regime to one's own advantage, to reduce the amount of tax that is payable by means that are within the law. By contrast, tax evasion is the general term for efforts to not pay taxes by illegal means. The use of legal methods to modify an individual's financial situation in order to lower the amount of income tax owed. This is … [Read more...]
The International Monetary Fund (IMF): Brief Introduction
The International Monetary Fund (IMF) is an international organization that provides financial assistance and advice to member countries.The International Monetary Fund (IMF) is the international organization that oversees the global financial system by following the macroeconomic policies of its member countries, in particular those with an impact on exchange rate and the … [Read more...]
How to Invest in FADS?
Investing In Fads Over the period of time, there have been a number of fads that could have made small investors large amounts of money. Trends tend to persist over the long term and are generally based on fundamentals.Although fads are often confused with trends, they are actually quite distinct Fads, on the other hand, are generally marked by temporary and excessive … [Read more...]