Many studies point to the conclusion that wealth and happiness are not positively correlated…
Financial stress is the worst kind of stress, and with the continuing rising cost of living, many Americans are feeling the crunch of financial stress. Financial stress has been linked to health problems like depression and sleep disorders.
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Use the Tax Withholding Estimator to perform a quick “paycheck checkup.” This is even more important following the recent changes to the tax law for 2018 and beyond.
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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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The National Taxpayer Advocate released the convoluted map to draw attention to a frustrating system By ANDREW KESHNER Got a problem with your taxes? Get ready for a long and winding road. A new “roadmap” charts the labyrinth inside the
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Before you head to the beach, use this tax-advantaged account to stock up on summer necessities.
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Taxes can be boring and complicated, but they’re also a part of life. Anyone who works has to pay them, and if you’re not careful, you could wind up with a major problem on your hands. Here, in fact, are three major tax mistakes that could really come back to bite you.
Read more →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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The law known as the Tax Cuts and Jobs Act (TCJA) addressed the individual tax rate bracket structure’s previous contribution to a marriage tax penalty by equalizing married filing jointly tax amounts with those of two single individuals combined (each with half the amount of taxable income of the joint filers), up to the bottom threshold of the highest tax bracket.
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The IRS has shown increasing willingness to work out installment agreements with individuals and business entities that could not meet their tax obligations. But that doesn’t mean you can shirk your current responsibilities. Accordingly, in a new case, Coastal Luxury Management,
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The tax deduction rules for residential landlords have changed dramatically in recent years, with the release of the final tangible property regulations in 2013 (T.D. 9636) and the creation of the qualified business income (QBI) deduction under Sec. 199A by the law known as the Tax Cuts and Jobs Act, P.L. 115-97. Landlords are now much more likely than before to be able to deduct most of their current expenditures.
Read more →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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Tax levies put your assets at risk. To remove them, you’ll need to work with the IRS to pay your back taxes.
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A tax lien can be used by the IRS or other taxing authority in the event that you don’t pay some or all of the tax that you owe.
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All taxpayers have fundamental rights when working with the IRS. The agency outlines them on IRS.gov and in Publication 1. To help taxpayers understand their rights, here is a list of them with a brief description of each one:
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You don’t want to play chicken with the Internal Revenue Service. Tax season is over, and the vast majority of taxpayers have filed their returns and paid any outstanding taxes they owed. But for a significant number of people, paying
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