The cancellation of debt, or COD, occurs when a lender cancels or forgives a debt that you owe. This is commonly seen in the occurrence of a foreclosure of a mortgage or in the […]
From the 'Taxation' Category:
Your employer is putting on a seven-day training seminar for all its employees at a hotel near its corporate headquarters. Some of the company’s employees do not live near corporate headquarters and must travel […]
When it comes to your tax refund, you probably want to receive it as soon as possible. In the past several months, there have been news articles out there about the IRS delaying refunds […]
Did you know that the IRS offers money to individuals who inform on those who are cheating on their taxes? It’s called whistleblowing, and the Internal Revenue Service has an entire branch, the Whistleblower […]
A recent survey questioned more than 1,000 Americans regarding their thoughts on online security. The survey found that out of those polled, nearly 50 percent had been the victim of a data breach in […]
You’ve been the subject of an IRS audit. The result was not favorable to you. Do you want to appeal the examiner’s opinion? Prior to September 2, 2014, appealing the result of an audit […]
With the election behind us and the Republican Party now controlling both the House of Representatives and the Senate, tax reform is squarely on the agenda. Republicans have long proposed that a major overhaul […]
The IRS recently announced that effective October 20, 2014, it will be dividing and reorganizing responsibilities between the Small Business/Self Employed (SB/SE) division and the Wage & Investment (W&I) division. Personnel will stay the […]
Dissolving a marriage can create a ripple of tax consequences for both spouses. Filing your tax returns after a divorce, or even a separation, may be trickier than it was when you were married. […]
The IRS has ten years to collect payment on back taxes. If the IRS thinks it might be difficult to collect the full amount before the statute of limitations runs out, it has the […]