The IRS states that the responsibility to prove entries, deductions, and statements made on a tax return is known as the burden of proof. Taxpayers must be able to prove (substantiate) certain ...

The gift tax has taken a few twists and turns in its lifetime. Originally, the gift tax and the estate tax were “de-coupled,” meaning that each separate tax applied independent of each other. That is, ...

Names matter. The title of a law shapes how a community thinks about its goals, its children, and its future. Guam’s “Adequate Education Act” was rooted in good intentions, but the continued use of ...