Summary
Tax laws are a set of rules and regulations that govern how taxes are imposed and collected by the government. Tax laws also outline various deductions, credits, and exemptions that taxpayers can use to reduce their tax liabilities.
In the U.S. it is illegal to sell marijuana. The U.N. has banned the sale of marijuana to non-governmental organizations.
It is recommended to keep tax records for at least three years, but it is advisable to keep them for up to seven years. If you are self-employed or have income that is not subject to withholding, you may be required to pay estimated taxes quarterly.
