Amending Prior Years’ Income Tax Returns
If you believe that your prior years’ income tax returns contained errors warranting a refund, you should seek to have those tax returns amended. Here’s the most important federal (IRS) rule that one...
View ArticleClik here to view.
Did you fail to file your taxes or request an extension by the April 15th...
Now that the April 15th filing deadline has passed, most people have either filed their taxes or filed for an extension with the IRS. If you happen to be part of the group that has not, the sooner that...
View ArticleClik here to view.
IRS Commissioner Steven Miller Fired Today… More action soon to follow
During the past few days, the Internal Revenue Service (IRS) has come under harsh scrutiny for how it has conducted itself in handling the applications of conservative non-profit organizations...
View ArticleWhat to Expect at a Tax Audit
The mere sound of the words “tax audit” sends chilling thoughts through taxpayer’s minds. There are different types of tax audits. There are tax audits that just require a taxpayer to mail in...
View ArticleStreamlined Procedures for Installment Agreements
Under current IRS administrative procedures, all IRS offices, not just the Collection Division, can approve an installment agreement up to $25,000 when the taxpayer agrees to pay the amount due in five...
View ArticleClik here to view.
TAX SEASON DELAY WILL AFFECT SOME TAXPAYERS
On Tuesday, October 22, 2013, the Internal Revenue Service announced that the 2014 tax season for filing 2013 tax returns will be delayed one to two weeks due to the recent federal government shutdown....
View ArticleClik here to view.
What Problem Does The IRS Have With Me?
It is not uncommon for those who are facing problems with the IRS to not actually know what that specific problem is. This presents an issue in itself, since it is difficult to prepare to defend...
View ArticleNet Investment Income Tax, Do I Need to File? A Quick Overview
When filing your income tax returns with the IRS, you may need to file a form 8960 if you owe Net Investment Income Tax. This tax is on Net Investment Income, which includes but is not limited to:...
View ArticleClik here to view.
What No One Tells Us About Tax Debt
Remember that feeling of your first paycheck in your hands Remember spending your hard earned money on that first album, cassette tape, cd and now mp3? Do you also remember years after that when your...
View ArticleThe State You Live In and IRS Tax Audits
When time to file federal and state income taxes approaches, a common question that arises is: What are my chances of being audited by the IRS or my state tax authority? While the answer to this...
View Article
