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The album, featuring only Nelson and his guitar, was released by Sony Music in 1992 to pay Nelson's tax debt with the IRS. Initially, the album was only distributed by phone order in June 1991, [ 1 ] but later negotiations with Sony saw it being distributed in stores.
Internal Revenue Service, Criminal Investigation (IRS-CI) is the United States federal law enforcement agency responsible for investigating potential criminal violations of the U.S. Internal Revenue Code and related financial crimes, such as money laundering, currency transaction violations, tax-related identity theft fraud and terrorist financing that adversely affect tax administration.
Address if You Are Not Enclosing a Payment. Internal Revenue Service P.O. Box 1303 Charlotte, NC 28201-1303. Department of the Treasury Internal Revenue Service Austin, TX 73301-0215.
This is the classic "You pay for what you spend" tax, as only those who spend money on non-exempt (i.e. luxury) items pay the tax. A small number of U.S. states rely entirely on sales taxes for state revenue, as those states do not levy a state income tax.
Section 409A was enacted, in part, in response to the practice of Enron executives accelerating the payments under their deferred compensation plans in order to access the money before the company went bankrupt, and also in part in response to a history of perceived tax-timing abuse due to limited enforcement of the constructive receipt tax ...
Like individuals, corporations must file tax returns every year. They must make quarterly estimated tax payments. Groups of corporations controlled by the same owners may file a consolidated return. Some corporate transactions are not taxable. These include most formations and some types of mergers, acquisitions, and liquidations.
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