You’ve probably heard the horror stories of how the IRS pursues taxpayers to collect on alleged tax debts. Now we’re hearing that the IRS also writes off tax debts without making much effort at […]
From the nielsen law group Tag
If you haven’t already filed your taxes then you’ve got 15 days left to complete the job. Assuming you filed an extension before the original deadline (4/15/2014) you’re now approaching the end of the […]
The Government Accounting Office says that since FY 2010, the IRS has lost 10,000 employees and had its budget reduced by $900 million. More cuts are proposed for the 2015 IRS budget. Identity theft, […]
Recently we posted the details on the IRS requirements for determining the difference between employee and independent contractor. Recently, we became aware of the results of an IRS examination on this very point. The […]
If you filed an extension for your 2013 tax returns, you bought yourself a little more time to finish the forms and get them submitted. But those deadlines are quickly approaching. Here they are: […]
Anything you receive as a tip is considered taxable income. Usually a tip is in the form of cash. But occasionally a tip may be in the form of something that is not cash, […]
If you or a child are receiving a scholarship or fellowship for attending a college or other form of higher education, there are a few tax tips to know in order to reduce or […]
Before filing for bankruptcy, an individual should carefully review his or her assets and compare them to the exemptions available under state and Federal law to protect those assets from the bankruptcy trustee and […]
When you rent property, you have to report the income and pay any associated tax on it. But there is an exception – and particularly if you have a vacation or 2nd home, it’s […]
If you receive a distribution from a foreign pension plan or a foreign annuity, you may have to pay a U.S. tax on the distribution. Generally the taxable amount is the total amount of […]