by Pierre Philantrope | May 18, 2022 | Tax Tip
Taxpayers should not ignore their past due tax debts. There are options to pay. Many taxpayers have either entered into an agreement with the Internal Revenue Service to pay their tax debts. In some cases, they have failed to honor the agreement or have completely...
by Pierre Philantrope | May 11, 2022 | Tax Tip
In general, taxpayers, are in a partnership with the Internal Revenue Service. However, unlike the case of traditional partnerships in which two or more taxpayers mutually agree on the terms of the partnership, in this partnership with the IRS, the IRS sets the rules...
by Pierre Philantrope | May 4, 2022 | Tax Tip
Joint Filing Taxpayers Could Get Relief from Joint Tax Liability When spouses file a joint income tax return, both spouses are responsible for the entire tax liability. This is termed as joint and several liability. Joint and several liability applies to the tax...
by Pierre Philantrope | Apr 20, 2022 | Tax Tip
Taxpayers should take their tax notices seriously and explore their available options. Million of taxpayers could not pay their taxes or failed to file their tax returns. The number gets higher every year and more so in 2021. Some taxpayers incorrectly filed their...
by Pierre Philantrope | Apr 13, 2022 | Tax Tip
There is still time to legally lower your tax liability. Many individuals and businesses have used them over years to minimize their taxable income and thus lower their tax due. Besides the most commonly used tax deduction or reduction items, many taxpayers do not use...
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