income tax Archives | Crabb Tax Services https://crabbtaxservices.com Experience, Integrity & Personal Service Mon, 04 Nov 2019 06:16:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.2 12 Budgeting Tips for New Parents https://crabbtaxservices.com/12-budgeting-tips-for-new-parents/ https://crabbtaxservices.com/12-budgeting-tips-for-new-parents/#comments Tue, 29 Oct 2019 15:56:45 +0000 https://crabbtaxservices.com/?p=2566 Middle-class families spend nearly $13,000 per child every year. Learn how to budget strategically.

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]]> https://crabbtaxservices.com/12-budgeting-tips-for-new-parents/feed/ 1 4 Strategies to Cut Your Taxes in Retirement https://crabbtaxservices.com/4-strategies-to-cut-your-taxes-in-retirement/ https://crabbtaxservices.com/4-strategies-to-cut-your-taxes-in-retirement/#respond Mon, 21 Oct 2019 15:31:35 +0000 https://crabbtaxservices.com/?p=2557 To help reduce your tax burden once you retire, and free up more money for expenses and fun, give income planning a try. Here are four ways to adjust your income and get a better grip on your tax bill.

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]]> https://crabbtaxservices.com/4-strategies-to-cut-your-taxes-in-retirement/feed/ 0 IRS Announces New Payment Option for Some Delinquent Taxpayers https://crabbtaxservices.com/irs-announces-new-payment-option-for-some-delinquent-taxpayers/ https://crabbtaxservices.com/irs-announces-new-payment-option-for-some-delinquent-taxpayers/#comments Sat, 19 Oct 2019 15:14:06 +0000 https://crabbtaxservices.com/?p=2549 The Internal Revenue Service (IRS) has announced that a new payment option has been added to the private debt collection program. The payment option is intended to make it easier for those who owe to pay their tax debts, although some practitioners, like me, fear that it could lead to abuse.

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]]> https://crabbtaxservices.com/irs-announces-new-payment-option-for-some-delinquent-taxpayers/feed/ 1 IRS Audit Period Is 3 Years, 6 Years Or Forever: How To Cut Your Risk https://crabbtaxservices.com/irs-audit-period-is-3-years-6-years-or-forever-how-to-cut-your-risk/ https://crabbtaxservices.com/irs-audit-period-is-3-years-6-years-or-forever-how-to-cut-your-risk/#comments Wed, 09 Oct 2019 14:12:18 +0000 https://crabbtaxservices.com/?p=2533 It is only natural to worry about an IRS audit, and the duration of audit periods can be downright frightening. Tax lawyers and accountants are used to monitoring the duration of their clients’ audit exposure, and so should you.

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]]> https://crabbtaxservices.com/irs-audit-period-is-3-years-6-years-or-forever-how-to-cut-your-risk/feed/ 1 What to Do If You’re Audited by the IRS https://crabbtaxservices.com/what-to-do-if-youre-audited-by-the-irs/ https://crabbtaxservices.com/what-to-do-if-youre-audited-by-the-irs/#comments Tue, 10 Sep 2019 16:14:15 +0000 https://crabbtaxservices.com/?p=2479 “Gasp!” That might be your first reaction to seeing an envelope with an eagle on the upper left corner and the dreaded words next to it: Internal Revenue Service. But fear is not an emotion that should flow through your body. Why not? Well, if you’ve accurately recorded what properly belongs on your tax return, you have nothing to fear from the IRS if they contact you about an audit.

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]]> https://crabbtaxservices.com/what-to-do-if-youre-audited-by-the-irs/feed/ 1 Benefits Of Starting Your Tax Planning Early In the Year https://crabbtaxservices.com/benefits-of-starting-your-tax-planning-early-in-the-year/ https://crabbtaxservices.com/benefits-of-starting-your-tax-planning-early-in-the-year/#comments Thu, 05 Sep 2019 22:12:08 +0000 https://crabbtaxservices.com/?p=2472 Most individuals begin tax planning when the due date for filing income tax return is around the corner. However, it is prudent to start your tax planning earlier as it gives you more time to make a good estimate of your income and gains.

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]]> https://crabbtaxservices.com/benefits-of-starting-your-tax-planning-early-in-the-year/feed/ 1 Top Ten Money Mistakes People With Modest Incomes Make https://crabbtaxservices.com/top-ten-money-mistakes-people-with-modest-incomes-make/ https://crabbtaxservices.com/top-ten-money-mistakes-people-with-modest-incomes-make/#respond Fri, 16 Aug 2019 18:34:11 +0000 https://crabbtaxservices.com/?p=2442 Don’t think you can retire on modest money? You don’t have to stare down a life sentence of work, you just need to avoid some all too common mistakes.

Reading articles and blog posts online you may be tempted to believe that the biggest scourge threatening your financial goals are subscription boxes, latte consumption, and envy of the Joneses. Having worked within personal finance with people with modest incomes for nearly 20 years, I have learned that there are even more significant threats looking to sabotage your goals.

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]]> https://crabbtaxservices.com/top-ten-money-mistakes-people-with-modest-incomes-make/feed/ 0 Tax Withholding Estimator https://crabbtaxservices.com/tax-withholding-estimator/ https://crabbtaxservices.com/tax-withholding-estimator/#respond Thu, 08 Aug 2019 22:13:49 +0000 https://crabbtaxservices.com/?p=2423 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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]]> https://crabbtaxservices.com/tax-withholding-estimator/feed/ 0 Crabb Tax Services Newsletter (July 2019) https://crabbtaxservices.com/crabb-tax-services-newsletter-july-2019/ https://crabbtaxservices.com/crabb-tax-services-newsletter-july-2019/#respond Tue, 06 Aug 2019 08:35:55 +0000 https://crabbtaxservices.com/?p=2415 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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]]> https://crabbtaxservices.com/crabb-tax-services-newsletter-july-2019/feed/ 0 Understanding How Taxpayers May Appeal to the IRS Office of Appeals https://crabbtaxservices.com/understanding-how-taxpayers-may-appeal-to-the-irs-office-of-appeals/ https://crabbtaxservices.com/understanding-how-taxpayers-may-appeal-to-the-irs-office-of-appeals/#respond Wed, 17 Jul 2019 19:44:46 +0000 https://crabbtaxservices.com/?p=2391 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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