by Pierre Philantrope | Feb 26, 2025 | Tax Tip
IRS tax problems could be extremely complicated. Many taxpayers attempt to resolve the problem themselves. Some taxpayers just live with the problem for months and sometimes years, assuming that nothing can be done about it or the debt will just disappear. IRS...
by Pierre Philantrope | Feb 5, 2025 | Tax Tip
Many married couples frequently ask the question: Should we file our tax jointly or separately? The answer: It depends. Taxpayers financial circumstances could be very different. There are many factors to consider to determine the filing status that could be more...
by Pierre Philantrope | Oct 16, 2024 | Tax Tip
Receiving a letter or notice from the Internal Revenue Service (IRS) could be very stressful. The IRS has ramped up tax collection enforcement due to the recent funding allocated to hiring more employees to collect tax due. Further, collection activities that were...
by Pierre Philantrope | Sep 11, 2024 | Tax Tip
In Eason v. Commissioner, T.C. Summary 2024-17, the Tax Court held that the Internal Revenue Service properly disallowed deductions resulting from expenses taxpayers claimed in connection with a real estate business because by the close of the year at issue the...
by Pierre Philantrope | Jun 19, 2024 | Tax Tip
Married taxpayers could still receive a refund when they jointly file their tax return even when the refund or part of the refund was applied or will be applied to pay a past due obligation of one spouse. You are an injured spouse if you filed a joint tax return...
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