by Pierre Philantrope | Sep 29, 2021 | Tax Tip
Taxpayers should not ignore their past due tax debts. Many taxpayers have either entered into an agreement with the Internal Revenue Service to pay their tax debts and have failed to honor the agreement or have completely disregarded IRS notices for payments. Taxpayer...
by Pierre Philantrope | Sep 22, 2021 | Tax Tip
The earned income tax credit (EITC) is not for every taxpayer. As your income increases, the credit is reduced and it is phased out at an income threshold. Many taxpayers who illegally claimed the earned income tax credit are receiving letters from the Internal...
by Pierre Philantrope | Sep 15, 2021 | Tax Tip
Many small business owners are unknowingly filing the wrong tax return form for their business, do not file their business tax return, incorrectly file their business return by themselves, do not properly keep records, and do not have a spreadsheet or do not use any...
by Pierre Philantrope | Sep 8, 2021 | Tax Tip
In Gans v. Commissioner, the taxpayer prevailed over the IRS by establishing that she was abused by her husband, among others, and consequently qualified for relief from joint tax liability. Marriage carries many tax consequences that could be minimized through...
by Pierre Philantrope | Sep 1, 2021 | Tax Tip
Planning the type and sources of your income could save a lot money in taxes. The source of your income determines your tax rates and tax liability. Taxpayers benefit from the lowest rates available when they have diverse sources of income, like real estate, stocks,...
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