The domicile is the method of taxing individuals. Every individual has to pay st

Question

The domicile is the method of taxing individuals. Every individual has to pay state taxes based on the residency, even if individual earn money in another state or country. The article shows three different cases, where taxpayers did not understand the rules of the domicile. The individual should consult with licensed and experienced accountant how to terminate place of the old domicile and  how  to get the new  place of domicile. It would help the individual to avoid problems and penalties with a state governments in the future.

QUESTION: DO YOU AGREE WITH THE ABOVE STATEMENT? EXPLAIN

Explanation / Answer

Yes, I agree with this statement. Individuals are of different back ground, those who are new to the country, they do not know about the rules and laws of that country, they find trouble in taxation, sometimes they have to pay double tax. So as to plan for their taxes and pay it on time, taxpayers need to visit licensed and experienced accountant or Certified professional accountant so that they can pay taxes on time and save from the heavy penalities.

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