The United States tax system is one of the most complex in the world, but understanding its foundations is essential to fulfilling your tax obligations. Individuals must file an annual tax return, reporting their income and deductions. If you own a business, your tax responsibilities may include income, payroll, and sales taxes.

For businesses, it is important to keep detailed records of all transactions and expenses. This not only makes tax preparation easier but also allows you to maximize deductions and reduce your tax burden. Consider hiring an accountant or using specialized software to keep your finances in order.

If you are an immigrant, you may have tax obligations in both the United States and your home country. In these cases, it is advisable to seek professional advice to avoid double taxation and take advantage of international tax treaties.