Tax Deadlines for 2012/13 Check these dates!
In the last blog we discussed the Extension deadline for people filing their taxes late. Here we fill you in on all the other dates you should be aware of for 2012/13. The Quick List of Deadlines by...
View ArticleMore about Tax Levies
Let’s hope that you never receive a ‘Notice of Intent to Levy’ from the IRS. Still, it’s a good idea to understand what an IRS Levy is – not only will this give you extra motivation to finish your...
View ArticleIRS Injured Spouse – do you qualify?
When a divorce enters the tax picture, sometimes things can get ugly. Finances are the last thing that couples generally think about when they get married, but later, especially if things don’t work...
View ArticleInnocent Spouse – do you qualify?
If you’ve been following the last few blogs [#28”Divorce and Taxes“] and [#29 “Injured Spouse“], you know that according to the IRS, there is a difference between claiming to be an ‘Innocent Spouse’ or...
View ArticleDivorce and Taxes – need help?
If you’ve been through a divorce, chances are your view of many subjects is less than cheery. But when you add taxes into the equation, things can be especially frustrating. What if you find that you...
View ArticleIRS Injured Spouse – do you qualify?
When a divorce enters the tax picture, sometimes things can get ugly. Finances are the last thing that couples generally think about when they get married, but later, especially if things don’t work...
View ArticleTax Identity Theft!
Identity theft is concern for most citizens, and we are bombarded with ads, suggestions and warnings every day. Perhaps you are reacting to this by being extra careful with your debit card at gas...
View ArticleTaxes and Disasters – Get Prepared!
As people all over the United States have discovered, you can be affected by natural or man-made disasters regardless of where you live. Floods, fires, tornadoes, hurricanes, early winter storms, gas...
View ArticleYear End Tax Planning 2012
The Cliff. Congress. White House. Discussions. Negotiations. These words have become commonplace in our day to day conversations. And if Congress doesn’t act before the end of the year, there is a...
View ArticleYear End Tax Planning
Charitable Giving As you may have heard on the news, Charitable Giving is one of the bargaining chips on the table for the ‘Cliff Talks’. Whatever happens with those talks, the good news is that for...
View ArticleClik here to view.
Wage Garnishment
My Wages Have Been Garnished: Now What? When the IRS garnishes your wages, they usually just want you to call them and make a payment arrangement. Then they will release your wages. The first...
View ArticleClik here to view.
Statutes of Limitation
What Are Statutes of Limitation? The IRS statute of limitation for collection is ten years from the date of assessment. Statutes of limitation can eliminate your tax. The IRS statute of limitation is...
View ArticleClik here to view.
Business Taxes
What are business taxes? Business taxes are a class of taxes payable by the business only. The owner of the business cannot be made responsible for them. Taxes such as corporate income taxes or...
View ArticleClik here to view.
Bankruptcy
Is Bankruptcy an Option for Me? Some income taxes can be discharged at bankruptcy. Income taxes can be discharged at bankruptcy, whereas payroll taxes cannot. The income tax must have been “assessed”...
View ArticleClik here to view.
Offer in Compromise
Offer in Compromise What Is An Offer In Compromise? Offer in compromise is the name given to “making a deal” with the IRS. Most states have adopted this same name for their deal-making process. The IRS...
View ArticleClik here to view.
Payment Arrangements
What Is a Payment Arrangement? Payment arrangements are used to pay off tax in a monthly payment. Payment arrangements are chosen when you earn enough money to pay off the tax over time, but you don’t...
View ArticleClik here to view.
Paying Back Taxes
Will I Go to Jail? Though the law theoretically allows for jail time for not paying your taxes, I have not seen this occur in my thirty-five years of practice. The reasons for unpaid taxes among...
View ArticleClik here to view.
Past Due Employment Taxes
What are employment taxes? The most forceful collection activities are applied to collect past due employment taxes. Employment taxes are one type of Trust Fund Taxes, meaning that the business owner...
View ArticleClik here to view.
Past Due Income Tax Returns
What Happens When I File Overdue Returns? Once your returns become overdue, it might seem too late to expect an okay outcome. In actuality, an unexpected benefit of filing is that you will probably...
View ArticleClik here to view.
Tax Preparation
This might sound strange, but I love doing tax returns. Since 1971, I’ve written more than twenty thousand returns! Many of my clients start out with a special need, but keep coming back because of the...
View Article
