How to handle the IRS at your Front Door? Is a Revenue Officer or a Revenue Agent visiting you soon? If you find yourself face to face with an IRS Agent (Revenue Officer for collection issues, or Revenue Agent for audit and examination issues), at your front door you must…
alties, options to address your IRS tax penalty and more… The IRS has over 148 different types of penalties. And boy do they love to hand them out. The worst part is that the IRS also charges interest and additional penalties on the original penalty. So you must try to…
What’s New: IRS has $110 million in undeliverable refunds Are you still waiting for your tax refund? If so, you may be one of the 115,478 taxpayers to whom the IRS has been unable to deliver a refund check. The refunds total about $110 million. Every year there are taxpayers…
As you prepare for the upcoming tax year, I thought you might find this brief rundown of 2008 tax changes useful. * ADOPTION TAX CREDIT increases to $11,650 for adoption of an eligible child. * SECTION 179 maximum deduction increases to $128,000. Phase-out threshold increases to $510,000. * STANDARD MILEAGE…
On December 26, 2007, President Bush signed the “Tax Increase Prevention Act of 2007,” providing a one-year “patch” to the alternative minimum tax (AMT). Without this legislation, an estimated 25 million taxpayers would have had to pay an average of $2,000 in additional taxes for 2007. The new law increases…
Has it been awhile since you filed a tax return? Feeling guilty? Scared? Don’t know what to do? Do you even need to file? Many people become non-filers each year for a number of reasons. They lose the paperwork, they couldn’t pay, or they forgot about it. Sometimes illness, family…