Today is the first day of the rest of your life. If things haven’t been going well lately, get a fresh start with a fresh attitude. The best is yet to come! Michael Josephson, of Character Counts. Tax debt settlement help – get reliable tax relief If you find yourself…
Tax Attorney – Get the power of attorney for tax representation A tax relief attorney may represent taxpayers with a tax deficiency, which is the excess of the correct tax liability over the tax shown on the taxpayer’s return plus amounts previously assessed (or collected without assessment) as a tax…
Basic Trust Taxation Rules It is estimated that $4.8 trillion in wealth will be inherited or transferred from one generation to the next by 2015, with much of it transferred through a variety of trusts. Filings of trust returns (Form 1041) are now the third most frequently filed income tax…
Senate Unveil Tax Reform Bill Senate Finance Committee members Ron Wyden, D-Ore., and Judd Gregg, R-N.H., on February 23 unveiled a broad tax reform proposal that they say would create a simpler and fairer system by lowering tax rates and eliminating narrow tax breaks that benefit special interests. The plan…
IRD – Income In Respect of a Decedent All income the decedent would have received had death not occurred that was not properly includible on the final tax return is income in respect of a decedent. If the decedent is a specified terrorist victim (see Specified Terrorist Victim, earlier), income…
Plane was crashed into Austin building by man angry at IRS, authorities say A software engineer is presumed dead after flying his small plane into an office building. At least 13 people on the ground are injured and one is unaccounted for. Source: LA Times By Richard Fausset and Richard…
Entertainment Industry Income tax help Every working Entertainer in the US is required to file his or her income tax returns on time and this means going through every receipt and transaction made throughout the previous year to make sure that everything is properly and accurately reported. Unfortunately, filing your…
Prepared Remarks of IRS Commissioner Doug Shulman to New York State Bar Association Taxation Section Annual Meeting in New York City, Jan. 26, 2010 It’s a great honor to address the New York State Bar Association Taxation Section. I look forward to beginning a dialogue with you that will start…
President Announces Middle-Class Tax Relief and Retirement Incentives President Obama plans to propose a near doubling of the Child and Dependent Care Tax Credit for middle-income families earning under $85,000, establishment of a system of automatic 401(k) enrollments and simplifying and expanding the Saver’s Tax Credit. These initiatives will be…
IRS Announces Qualified Disaster Treatment for Haiti The Internal Revenue Service today issued guidance that designates the earthquake in Haiti in January 2010 as a qualified disaster for federal tax purposes. The guidance allows recipients of qualified disaster relief payments to exclude those payments from income on their tax returns.…