From the chandler tax attorney Tag

Matters of the HEART (Act) – Part Three

This is the third in a series of blogs discussing the rules for expatriates under the 2008 Heroes Earnings Assistance and Relief Tax (HEART) Act. As previously stated in our prior blogs regarding this […]

Matters of the HEART (Act) – Part Two

This is the second in a series of blogs discussing the rules for expatriates under the 2008 Heroes Earnings Assistance and Relief Tax (HEART) Act. There are numerous traps under the HEART Act for […]

Matters of the HEART (Act) – Part One

If you are a non-citizen, long time resident of the United States, or you’re considering relinquishing your U.S. citizenship, then you should know that the IRS has rules that might affect you and your […]

The Taxpayer Advocate Service Focuses on Economic Hardship Cases

The Taxpayer Advocate Service (TAS) is an independent organization within the IRS. TAS helps financially distressed taxpayers who can no longer provide basic needs for themselves such as housing, food and transportation.  TAS also […]

Arizona Businessmen Sentenced for Failure to Disclose Millions in Swiss Bank Accounts.

Two prominent Phoenix businessmen were sentenced to 10 months in prison for failing to report over $8 million they controlled in Swiss bank accounts.  According to trial evidence, the businessmen filed false tax returns […]

Tax Preparation – Is a 2nd opinion worth it?

There are several advantages to filing your own tax return. If you’re not already, you’ll definitely become intimately aware of the financial details of the last year. You’ll know every number and have a […]

What Tax Records do I need and for how long?

We’re often asked about record keeping requirements. So here’s a general overview of what’s required, and for how long. Then we’ll make some recommendations about how to best comply. To establish that expenditures occurred, […]

The IRS Budget and Budget Cuts

The IRS has an annual current budget of about $12 Billion but has been tasked with reducing the budget by about $600 million in 2013. In addition, lots of tax changes and the IRS’s […]

What Impact Will Reducing My Taxes Have on Getting a Loan?

You want to minimize your taxes but you’re also planning on seeking mortgage financing to purchase a home or refinance an existing one. And you’ve heard that you can’t do both. Well, these two […]

Tax Planning Tips for Next Year's Tax Return

For many taxpayers, the tax deadline has passed. But planning for next year can start now. If you’re organized and plan ahead, you can save time and money next year. Here’s a few things […]