People often assume federal agencies like the IRS are ruthless and impossible to deal with when and if an issue arises. However, while it can undoubtedly be frustrating to figure out problems with the IRS, it is not impossible, particularly if you know your rights and...
Month: July 2016
Divorce and taxes
Getting divorced is one of the most significant and stressful events a person can go through. Unfortunately, it also has a considerable impact on another stressful event: filing your taxes.If you recently got divorced or plan to get divorced between now and the end of...
Handling taxes for a loved one’s estate? Don’t panic
If you have recently been appointed as the estate administrator for a deceased loved one, you may be required to file one or more tax returns in addition to managing the decedent's assets, paying off debts and distributing any assets that remain to beneficiaries. This...
IRS doesn’t like Facebook’s valuation of assets transferred
Tax strategies among huge corporations are incredibly complicated. Not only do they need to be concerned about employment taxes for hundreds and thousands of employees, but they also focus on minimizing their own tax obligations in transactions like sales, purchases...
The difference intent makes when you have unpaid taxes
Failure to pay taxes is a situation that government agencies take very seriously. If there are suspicious returns, incorrect records or missing documents in regards to your return, it may not be long until the IRS comes calling.While this can undoubtedly be a...
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