There are many ways an individual can be identified as a recognized citizen of the country they belong to. A citizen is held accountable for a huge amount of social responsibilities that is entailed with an adult working in any country. The amount of facilities any country can offer to its citizens is directly proportional to the amount each individual contributes towards funds to be used for the overall development and improvement of amenities.

The identity of every citizen in any country is primarily attached with the responsibility they entail to their country. The taxes that individuals pay to the local and national government becomes an identity for the individual in terms of their role as a citizen for the land. The taxpayer identification number (TIN) of a person is in literal sense the identity of the person as an adult in the country.

Although matters related to taxes and IIRS are important, they can be full of hassles. Issues related to taxes start cropping up during the tax season. You will be in a dilemma whether you should focus of your wok or take care of your taxes. You will be also worried about incurring any penalties and legal actions from the IRS, in case you miss out on some conditions or due date while filing your returns.

Who knew there would be taxes at the time of death also? These taxes, known by various names such as inheritances taxes, estate taxes, etc. and are collectively known as death taxes’. Morbid, eh? While at first glance, inheritance and estate tax might appear to be the same thing after all they are both collected as the result of someone’s death.

While taxes and death, both are inevitable, one might be able to do something about the so-called death taxes, i.e. the estate and the inheritances taxes. Essentially, when a person passes away, an inheritance or an estate tax, or sometimes both are levied on the assets and properties that are transferred to the beneficiary or beneficiaries.

The amount of taxes withheld from the paycheck for a financial year is used to file federal and state taxes. This amount is shown in W-2 forms. The Internal Revenue Service (IRS) needs employers to mention the salary, wage details, and other information of their employees on the W-2 tax forms.