Tax credits are welcome news at tax time (or any time) and the Earned Income Tax Credit is one of the best. If you’re eligible, you could receive more than $6,000 in refundable credits. […]
Generally, a statute of limitations is a law that limits the time a legal proceeding, or act allowed under a law, can be initiated. Think of it as a way of legal housecleaning – […]
If you are a new parent through adoption, then please accept our heartfelt congratulations. And better yet, did you know the Internal Revenue Code provides for a tax credit, or an exclusion from taxable […]
Ever wonder what the chances of winning in an IRS Audit might be? With 1 in 100 taxpayers being selected for an audit, there’s a small chance you’ll find out. But it you’re just […]
And Offer in Compromise (OIC) is an option for paying less than the amount the IRS says you owe. The IRS accepts an OIC when they agree that the assessed tax bill is not […]
It’s scary if you owe taxes and can’t pay them. Rest assured though, you have no reason to be afraid or panic. But you shouldn’t delay in doing something about it. One of […]
It can be a daunting experience if you have not paid your income taxes and the IRS is trying to collect taxes it claims are owed by you. The IRS has a number of […]
It is a pervasive misconception among debtors in Chapter 7 bankruptcy cases that the debtor has a duty to enter a new contract with secured creditors in order to retain their vehicles, their home, […]
On July 3, 2014 Israel’s Finance Ministry announced that it had signed an agreement with the United States aimed at improving international tax law and implementing the U.S. Foreign Accounts Tax Compliance Act (FATCA). […]
You have a cause for which you’re deeply concerned. Or your child’s local sports team needs a tax exempt entity to better operate under a common organizational structure. Internal Revenue Code 501(c)(3) tax-exempt status […]