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...
by Pierre Philantrope | Jun 12, 2024 | Tax Tip
Marriage carry heavy tax consequences that could be alleviated through careful tax planning strategies. Marriage planning should include a discussion about tax liability. The subject of tax is even more important if you plan to execute a prenuptial or premarital...
by Pierre Philantrope | Jun 5, 2024 | Tax Tip
The Internal Revenue Service, in some cases, audits tax returns to ensure that taxpayers correctly pay their tax due. Knowing what the IRS will look for during an audit and getting prepared in case of an audit save taxpayers time and money. A tax audit can go on for...
by Pierre Philantrope | May 22, 2024 | Tax Tip
There is is a statute of limitations on Internal Revenue Service audits and tax assessments. The time period is called Assessment Expiration Date (ASED). Once the limitations period expires, the IRS cannot audit your return or assess any additional tax. You may have...
by Pierre Philantrope | Apr 17, 2024 | Tax Tip
Per the Internal Revenue Service, the Failure to File Penalty applies if taxpayers and businesses do not file their tax return by their respective due dates. This tax year, for S Corporations and Partnerships, the due dates were March 15, and September 16 for business...
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