Impact of Irrevocable Trusts on Gift Tax and Estate Tax
of the applicable authorities in your case is the Internal Revenue Service (IRS), which is the federal body that handles all issues relating to taxation. This organization is mandated with the task or responsibility of administration of income tax for individuals and business entities. The other applicable authority in your situation is the U.S. Congress since it's the federal agency that is responsible for creating and establishing policies and regulations that govern the administration of income tax. However, the most effective authority is the Internal Revenue… Continue Reading...
