Essay about Taxes Are An Integral Part Of Any Economy

787 Words Jan 4th, 2016 4 Pages
Taxes are an integral part of any economy. As a responsible Bronx Tax Payer, you are supposed to pay your taxes and file your returns on time. While these are important exercises, most people consider this to be a formality or a burden hence do not understand the intricacies of the process and things related to it.
Did you know that as a tax payer, there are certain rights that you have?
Paying taxes is not only a duty but it also comes with some benefits and rights that you as a responsible citizen can exercise. Below mentioned are the various rights that you have as a tax payer, these will enable you to understand the rights you have as a tax payer.
Right to Information: As a taxpayer, there are a lot of things that you need to know. Right from the tax laws, slabs, notices, tax forms etc. to clarification on processes and calculations for filing your returns. You have the right to all such information so that you can pay your taxes correctly and on time.
Right to Confidentiality: Your tax forms reveal a lot of information about your financial status. While you are being honest with the government, the IRS is also endowed with the responsibility of keeping all your information secure. You have the right to confidentiality, which means that all information provided by you cannot be given out without authorization and needs to be stored in a secure manner.
Right to Privacy: There can be times when IRS would have questions for you or about the way you have calculated your…

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