Couples who elect to file a joint tax return enjoy many advantages. But when you do file jointly, know that both spouses are “jointly and severally liable” for the taxes owed. This means if one spouse is a tax cheat,
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If you are one of the millions of taxpayers who owe back taxes to the IRS there are certain actions you can take to protect yourself from garnishment.
Read more →The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Here is information about two tax credits available to those who pay higher
Read more →Where individuals and businesses owe IRS taxes, the IRS has a settlement program where it can legally accept less than what is owed. Known as an “Offer in Compromise,” Congress has given the IRS the authority to “compromise” and reduce
Read more →by McNair Law Firm, P.A. If an individual or business owes federal taxes and does not have the current ability to pay these taxes, the IRS can consider placing the account into “currently not collectible” (CNC) status. If placed in
Read more →TOPICS IN THIS ISSUE: Introducing TaxRelief.Info For Your Peace of Mind Tax Tip: File Form 1040X to Amend A Tax Return ALERT: Program Underway To Yank Tax Delinquents’ Passports Tax Tip: IRS Recaps “Dirty Dozen” List of Tax Scams for
Read more →Legislation enacted in 2015 requires the U.S. State Department, upon certification from the IRS, to revoke the passports of taxpayers who have seriously delinquent tax debts.That may be a problem for employers. Employees who can’t take overseas business trips are
Read more →Mistakes happen and tax returns are no exception. Filing an amended tax return corrects information that changes tax calculations. This includes making changes to filing status and dependents, or correcting income credits or deductions. Don’t file an amended return to fix math
Read more →by McNair Law Firm, P.A. If an individual or business owes federal taxes and does not have the current ability to pay these taxes, the IRS can “seller-finance” and offer a payment plan with the taxpayer. The primary benefit of a
Read more →WHAT IS TAX RELIEF? Most importantly, tax relief is peace-of-mind. Peace that comes from knowing you’ve avoided the unpleasant, often frightening, results that come from ignoring a tax obligation. We make it possible for you to relax knowing that your tax
Read more →Sometimes seniors find themselves owing past-due federal taxes they cannot afford to pay. Although notices from the IRS can be especially frightening, there are solutions. Article by Chambliss, Bahner & Stophel, P.C. – You may read the article in its entirety
Read more →by McNair Law Firm, P.A. The United States has a voluntary income tax reporting system. U.S. citizens, permanent residents, and businesses here must annually file income tax returns with the IRS, reporting their “worldwide income”, deductions, and their “net taxable income”,
Read more →IRS Special Edition Tax Tip 2017-07, April 26, 2017 Español Taxpayers who have a tax debt they cannot pay may have heard that they can settle their tax debt for less than the full amount owed. It’s called an Offer
Read more →IRS Tax Tip 2017-51, April 20, 2017 Español April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If taxpayers are due a refund, there is no penalty
Read more →IRS Special Edition Tax Tip 2017-04, February 21, 2017 Español Each year, the Internal Revenue Service issues a list of the top 12 tax-related scams it sees throughout the year. The IRS “Dirty Dozen” highlights various schemes that taxpayers may
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