The State You Live In and IRS Tax Audits

When time to file federal and state income taxes approaches, a common question that arises is: What are my chances of being audited by the IRS or my state tax authority? While the answer to this question is not simple, there are several factors that can increase the odds of facing a tax audit. While … Continue reading The State You Live In and IRS Tax Audits

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What No One Tells Us About Tax Debt

Remember that feeling of your first paycheck in your hands Remember spending your hard earned money on that first album, cassette tape, cd and now mp3? Do you also remember years after that when your assets were frozen by the IRS, state, or local taxation department? If this has ever happened to you, you are … Continue reading What No One Tells Us About Tax Debt

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Net Investment Income Tax, Do I Need to File? A Quick Overview

When filing your income tax returns with the IRS, you may need to file a form 8960 if you owe Net Investment Income Tax. This tax is on Net Investment Income, which includes but is not limited to: Interest Dividends Capital Gains Rental Income Royalty Income Non-Qualified Annuity Interest It is important to understand that … Continue reading Net Investment Income Tax, Do I Need to File? A Quick Overview

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What Problem Does The IRS Have With Me?

It is not uncommon for those who are facing problems with the IRS to not actually know what that specific problem is. This presents an issue in itself, since it is difficult to prepare to defend against a problem with the IRS without knowing what tax dispute you will need to be defending in order … Continue reading What Problem Does The IRS Have With Me?

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TAX SEASON DELAY WILL AFFECT SOME TAXPAYERS

On Tuesday, October 22, 2013, the Internal Revenue Service announced that the 2014 tax season for filing 2013 tax returns will be delayed one to two weeks due to the recent federal government shutdown.  In December, the IRS will provide a specific date to the start of the 2014 tax season. The impact of this … Continue reading TAX SEASON DELAY WILL AFFECT SOME TAXPAYERS

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