CPAs, Enrolled Agents and attorneys are part of a privileged group that can represent taxpayers at all levels before the IRS, yet many choose not to extend their practice when collections issues arise. For those that do, there are some
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The FBI is looking into suspicious federal returns filed using Turbo Tax software, as a number of states work to contain a wave of criminal filings. The scams are delaying refunds around the country. CBS News business analyst Jill Schlesinger
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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.
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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
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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
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We didn’t know how to dig ourselves out of our tax debt, but we managed to do it, and we learned some valuable lessons along the way. If you’re overwhelmed by the amount you owe, here are some tips to help you rebound from a surprise tax bill.
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If you or someone you know is being affected by Hurricane Harvey, please send this information NOW…it could save them a lot of hardship! – Chris Crabb WASHINGTON —The Internal Revenue Service today announced that 401(k)s and similar employer-sponsored retirement
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
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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
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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
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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
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