The Taxpayer Bill of Rights and Facebook

Posted by Lucy P in Tax Audit Views 476

If you haven’t heard the story yet, you can read an excellent account here https://www.forbes.com/sites/kellyphillipserb/2018/05/16/facebook-loses-bid-to-move-7-billion-tax-case-to-appeals/#38251a017f99. We have mentioned The Taxpayer Bill...

Summer Camp and Tax Credit

Posted by Lucy P in Tax Benefit Views 461

Summer is finally here. While the kids are thrilled, mom and dad are sometimes scrambling to find a summer day camp and how to pay for it. The best way is to use your dependent care FSA. If you or your spouse’s employer has an FSA available...

It’s Time to Deal with Your Past Due Tax

Posted by Lucy P in Tax Debt Views 456

Tax Debt Relief Programs

Posted by Lucy P in Tax Debt Views 484

5 Main Tax Debt Relief Programs There are five main tax debt relief programs: Offer in compromise Installment Agreements Currently Not Collectible Penalty Abatement Innocent Spouse Although your back taxes could be disputed on technical...

Bankruptcy and Tax Debt

Posted by Lucy P in Tax Debt Views 388

Bankruptcy and Tax Debt Bankruptcy can discharge tax debt. It can also give you a more affordable way to pay back the IRS. Certain requirements must be met. These include: that the taxpayer is current with their tax filings the taxes were due...

Unfiled Tax Returns

Posted by Desiree Pierpont in Tax Debt Views 493

Thousands of taxpayers fail to file their tax returns every year. The failure to file a tax return or tax returns snowballs with the passing of time. Criminal Act If you have unfiled tax returns you should know that the IRS can consider failure...

What is Tax Resolution?

Posted by Lucy P in Tax Debt Views 749

Tax resolution involves finding the source or sources of your tax debt and the best option to resolve your tax problems with the IRS or State. The resolution may involve several steps such as filing unfiled tax returns, requesting a penalty...

Small Business Taxes For Dummies

Posted by Desiree Pierpont in Business Tax Views 401

What are Small Business Taxes Anyway? There are five general types of business taxes: income taxes, estimated taxes, self-employment taxes, excise taxes, and employment taxes. Income Taxes All businesses except partnerships must file income tax...

Same-Sex Couples and Filing Taxes

Posted by Lucy P in Tax Benefit Views 512

Legally Married According to the IRS The IRS considers a same-sex couple based on the legality of the state or country they were married in not where they reside. If you were married in a country or state that recognizes same-sex marriage then...

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