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...
Read MoreSummer Camp and Tax Credit
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...
Read MoreIt’s Time to Deal with Your Past Due Tax
Tax Debt Relief Programs
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...
Read MoreBankruptcy and Tax Debt
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...
Read MoreUnfiled Tax Returns
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...
Read MoreWhat is Tax Resolution?
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...
Read MoreSmall Business Taxes For Dummies
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...
Read MoreSame-Sex Couples and Filing Taxes
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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