Year End Tax Planning Strategies. Part 3 of 4.
It is that time of year again where you should consider meeting with a tax professional to discuss any year end strategies that might reduce your 2022 taxes. The following are some of the tax breaks from which you may benefit, as well as the strategies that you could...
Year End Tax Planning Strategies. Part 2 of 4.
It is that time of year again where you should consider meeting with a tax professional to discuss any year end strategies that might reduce your 2022 taxes. The following are some of the tax breaks from which you may benefit, as well as the strategies that you could...
Year End Tax Planning Strategies. Part 1 of 4
It is that time of year again where you should consider meeting with a tax professional to discuss any year end tax planning strategies that might reduce your 2022 taxes. The following are some of the tax breaks from which you may benefit, as well as the strategies...
The IRS Could Levy on Taxpayers Social Security Benefit Beyond SOL.
The IRS could levy taxpayers social security benefit even after the expiration of the statute of limitation (SOL) In Ward Franklin Dean v. United States (USCA11 Case: 20-1442) on Appeal from the United States District Court for the Northern District of...
Why Taxpayers Need Representation before the IRS?
IRS Tax Collection Enforcement is on the RiseThe Internal Revenue Service has been actively hiring employees, in part, to help collect taxes due. IRS tax debt affects many aspects of our life. IRS problems could be extremely complicated. People often do not know where...
Getting Tax Penalty Relief Using Reasonable Cause Exception
Taxpayers are liable for every position taken on their tax return. When a taxpayer signs the return, the taxpayer attests under penalty of perjury that the statement made or the position taken on the return is accurate to the best of his or her ability. However, the...
Understanding what to Do when you Receive an IRS Notice
Taxpayers should take their tax notices seriously and explore their resolution options available. The 2021 tax season is officially over. Taxpayers who requested an extension had until October 17, 2022 to file their returns to avoid the late filing penalty. The...
2022 Inflation Reduction Act. Part 4 of 4
President Biden signed into law the 2022 Inflation Reduction Act (the Act), a major tax, healthcare, and climate bill that includes numerous provisions affecting businesses. Much of the Act is paid for by a minimum tax on corporations with more than $1 billion in...
2022 Inflation Reduction Act. Part 3 of 4
President Biden signed into law the 2022 Inflation Reduction Act (the Act), a major tax, healthcare, and climate bill that includes numerous provisions affecting businesses. Much of the Act is paid for by a minimum tax on corporations with more than $1 billion in...