Do I Need An Attorney Present At My IRS Audit?
Saying that IRS audits are scary is a little like saying water is wet, in that everyone knows it. But to take the water analogy in a different directi...
What Is The “Death Tax?”
The "death tax" is not nearly as scary as it sounds. Not even the IRS can set a tax levy on you after you’re dead. In reality, the term “death tax...
What Is The First Time Penalty Abatement?
Not filing or paying taxes is pretty much always a bad idea. Nonpayment of taxes can lead to all kinds of penalties, from audits and fines to levies, ...
Why Is The IRS Warning Against “Micro-Captive Transactions?”
In early November of 2016, the IRS released a notice warning that “micro-captive” and similar transactions were not consistent with best business ...
Is there tax relief for victims of natural disasters?
In the central plains, it’s a tornado. On the east coast, it’s a hurricane. In the Midwest, a flood. In the mountains, an avalanche. On the west c...
Are There Tax Deductions For Job Seekers?
Being unemployed isn’t fun. Even dealing with tax audit defense might be more fun than being out of a job. But the economy is a lot better than it w...
What Are The 2017 Pension Plan Limitations?
Pension plan contributions, retirement account contributions and certain amounts of retirement savings have been tax-deductible up to a point for deca...
Successful IRS Tax Relief Strategies That Work
The IRS has a statute of limitations on back taxes and tax debt of ten years. But what if you have tax debt and you don’t want to deal with it for a...
How Are My Back Taxes Affected By The Statute Of Limitations?
No one likes paying taxes, but there’s at least one thing worse: having to pay back taxes. Not only are you on the hook for money you couldn’t com...
Social Security Benefits And Your Taxes
Let’s get the bad news out of the way first: you may have to pay taxes on your Social Security benefits. That kind of sounds wrong, doesn’t it? So...