Posts Tagged relief

Crabb Tax Services Newsletter (July 2019)

TOPICS IN THIS ISSUE: 3 Costly Tax Mistakes to Avoid 6 Summertime Uses For This Tax-Favored Savings Account Understanding How Taxpayers May Appeal to the IRS Office of Appeals This Crazy Map Shows You How Complicated The Tax Code Has

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Understanding How Taxpayers May Appeal to the IRS Office of Appeals

IRS has an Office of Appeals (OOA) that operates as an “independent” organization within the IRS. The goal of the OOA is to help Taxpayers resolve their tax disputes through an informal, administrative process, and through weighting IRS’ risks of litigation. The OOA aims to resolve tax controversies “without litigation” avoiding expensive and time-consuming court proceedings.

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Crabb Tax Services Newsletter (June 2019)

TOPICS IN THIS ISSUE: Optimizing Residential Real Estate Deductions Tax Court Approves IRS Denial of Installment Plan Request The Marriage Tax Penalty, Post-TCJA 3 Great New Tax Videos! IRS TAX TIP: Here’s What Taxpayers Should Know Before Visiting an IRS

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Crabb Tax Services Newsletter (May 2019)

TOPICS IN THIS ISSUE: Tax Levy: What It Is, How It Works and How to Stop One What Is A Tax Lien? IRS corrects error in Schedule D tax calculation worksheet 3 Great New Tax Videos! IRS TAX TIP: Taxpayer

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Free Tax Return Preparation for Qualifying Taxpayers

The Volunteer Income Tax Assistance (VITA) program offers free tax help to people who generally make $55,000 or less, persons with disabilities and limited English speaking taxpayers who need assistance in preparing their own tax returns. IRS-certified volunteers provide free basic income tax return preparation with electronic filing to qualified individuals.

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The IRS Can And Does Waive The Penalty For Incorrect RMDs

Required minimum distributions are a bane of retirement for many Americans. The concept puzzles many people, and the rules can be complicated. The result is that many people fail to take their required minimum distributions (RMDs) or they take the wrong amount. The IRS noticed this a few years ago and decided to change the information reported to it and how it is analyzed so it can better identify people who don’t take the correct RMDs.

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Crabb Tax Services Newsletter (February 2019)

TOPICS IN THIS ISSUE: NEW! For 2019…Tax Videos to help you understand new tax laws and deal with special situations. Surprise, no tax refund for you! What not to do if you owe the IRS. 5 Personal Finance Podcasts Actually

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Crabb Tax Services Newsletter (January 2019)

TOPICS IN THIS ISSUE: IRS Releases New Not-Quite-Postcard-Sized Form 1040 For 2018, Plus New Schedules Tax Trends Heading Into 2019 White House Says IRS Will Pay Tax Refunds During Government Shutdown AICPA and NCCPAP ask IRS to suspend tax penalties

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Crabb Tax Services Newsletter (November 2017)

TOPICS IN THIS ISSUE: Individuals Who Need to Reconstruct Records After a Disaster IRS Warns About Tax Scams Related To Hurricanes, Wildfires & Vegas Shooting Tax Refund Fraudsters Already Had Much Of That Equifax Stolen Data Taxpayers Who Are Victims

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IRS Tax Tip: Individuals Who Need to Reconstruct Records After a Disaster

Taxpayers who are victims of a disaster might need to reconstruct records to prove their loss. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement. IRS Tax Tip 2017-54, October 4, 2017 Here are 12

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California Extends Offer In Compromise Program For Five Years

California’s Governor Brown has signed a bill (AB 525) which extends the life-span of the Board of Equalization’s (BOE) Offer in Compromise program for an additional 5 years. Offer in Compromise is a state program that allows small businesses to

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