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31

Jan2018
If you have received an alarming notice from the IRS that your tax return needs to be audited, you shouldn’t be worried as it happens to a number of taxpayers every year. To deal with this matter, you need to use your wit and follow some meaningful strategies that are ... Read More
January 31, 2018admin

21

Dec2017

Innocent Spouse Relief Rule

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Is there truly such a thing in any marriage as an "innocent" spouse? Well, according to the IRS, it doesn't matter who truly may be at fault for the situation, because it is quite possible for one spouse to be innocent. Especially when it comes to being delinquent on taxes. ... Read More
December 21, 2017admin

14

Dec2017
IRS Offers a Tax-Break for In-Home Care Providers Who Live in Their Client's Homes It is a commonly known fact that in the United States, the IRS and its tax laws are among the most complex in the world. For most Americans, hiring a tax expert has almost become a necessity. ... Read More
December 14, 2017admin

14

Dec2017

Energy Efficient Tax Credit

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As part of the American Recovery and Reinvestment Act of 2009, the U.S. government and the IRS created a number of Federal tax credits for those who chose to make certain energy efficient improvements to their primary homes.  The list of eligible upgrades included: Cooling/heating systems, including ... Read More
December 14, 2017admin

29

Nov2017
When tax time rolls around, tax payers must take advantage of every possible way available to keep from paying more in taxes than they must. One way to do this is through a variety of both refundable and non-refundable tax credits. By definition, a tax credit gives taxpayers a way ... Read More
November 29, 2017admin

29

Nov2017

IRS Statute of Limitations

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As with most criminal violations, the IRS has established certain time periods within which they can review, analyze, and the resolve any issues they might have with a given taxpayer. According to the IRS, the Internal Revenue Code requires that they have a certain amount of time to assess, credit, ... Read More
November 29, 2017admin

30

Oct2017
Those embarking down the path of their first adoption are often unaware of how expensive giving a child a permanent home can be. However, the U.S. Federal Government via the IRS offers those who adopt the Federal Adoption Tax credit.  While this child adoption tax credit is ... Read More
October 30, 2017admin

27

Oct2017
What does it take to score a government contract worth $7.25 million to help prevent future fraud? Apparently, it takes a massive data breach like the one suffered by Equifax back in July, the one that wasn't reported until September. This breach affected more than 145 million Americans and gave ... Read More
October 27, 2017admin

27

Oct2017
Running a successful small business isn't easy these days, especially with so many mega-corporations finding ways to offer similar services at lower prices. And if this isn't challenging enough, trying to ensure one doesn’t end up paying too much, or for that matter, too little in taxes ... Read More
October 27, 2017admin

07

Oct2017
With the recent destruction of just about every inch of Puerto Rico, the fact that this island nation is actually a U.S. commonwealth and its 3.4 million citizens are actually U.S. citizens has come into the spotlight. According to a recent survey conducted by USA Today in ... Read More
October 7, 2017admin