Tipton is a town in Tillman County, Oklahoma, United States. The population was 916 at the 2000 census. Tipton also is home to the Tipton's children's Home which was founded in 1928, when Sol Tipton donated a plot of land to the founders. The original Home was in Canadian Texas. Tipton lies on the northern portion of the Tillman Terrace Aquifer, an alluvial aquifer in western Tillman County, associated with the southern extent of the North Fork of the Red River. The farmland surrounding Tipton is noted for high quality soils. "Tipton loam" is considered to be among the most ideal soils in the United States. Much of the farmland is devoted to irrigated cotton. Other crops include Alfalfa, silage corn, and wheat. Truck crops were grown in this area until the 1950s and have made a recent comeback.

What is tax law?

Tax law is the codified system of laws that describes taxes on economic transactions. Tax attorneys advise and represent individuals and businesses on all types of tax issues -- including income tax, payroll tax, property tax, and estate and gift taxes. Tax attorneys ensure that their clients are in compliance with federal and state laws and regulations, and represent taxpayers in enforcement proceedings initiated by the Internal Revenue Service (IRS) and/or state taxation agencies.

Answers to tax law issues in Oklahoma

In the administration of any estate of a person who has passed away, there may be significant tax consequences. An...

At the federal level, the primary tax is the income tax. Most know this form of taxation by the completion of the...

The IRS can seize just about anything you own-including your home and pension plans. There is a list of items exempt...

The federal government imposes estate taxes only if your property is worth more than a certain amount at your death...

Most types of businesses-sole proprietorships, partnerships, corporations that have qualified for subchapter S...

Non-profits will want to apply for and obtain federal and state nonprofit tax exemptions. Many groups don't want to...

The Tax Relief and Health Care Act of 2006 made significant changes to the Informants Reward Program under the False...