Only 1.0% of the population will be subjected to an IRS audit (7.0% if your income is over $1 million) but the thought of being the one in every hundred that is “selected” is […]
From the 'Taxation' Category:
Ever wonder how the IRS is graded and how it’s doing? Most of us have a perspective but the National Taxpayer Advocate (currently Nina E. Olson) is tasked with the specific job of reporting […]
Congress and the White House are still wrangling with the debt ceiling, raising taxes, cutting spending and a variety of issues collectively referred to as the Fiscal Cliff the nation reaches on January 1, […]
Remember ObamaCare. Well it’s in the news again but this time it has nothing to do about healthcare. Part of the bill Congress passed included various other tax increases, including a surtax on investment […]
You’ve decided to file bankruptcy and some of the debts are past-due HOA fees and delinquent property taxes. Who’s responsible for these debts? HOA Dues HOA dues are a personal debt (in all but […]
Now that the election’s over and the fiscal cliff is looming, Congress and the White House are sparing again over taxes and how to fix the impending issues. The newest slavo of talks (or […]
Congress passed the Mortgage Forgiveness Debt Relief Act of 2007 as a means of providing underwater homeowners with options to reduce the tax liability resulting from forgiven mortgage debt. The act is now set […]
Ever wonder what could happen with all the data you disclose to the IRS or the state taxing agency? Taxpayers in South Carolina found out recently. An international group of computer hackers broke into […]
Why am I being audited? So you open the mail and there it is, a letter from the IRS. Your first question is: WHY? How does the IRS decide who to audit and who […]
At some point, many of us have, or will lose a parent. The sadness of the loss alone is enough to occupy your time. But then comes the winding up of the estate. If […]