If you plan to start a new business, or you’ve just opened your doors, it is important for you to know your federal tax responsibilities. Here are five basic things to know as you […]
From the tax attorney Tag
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 […]
The IRS reports that it sends millions of letters and notices each year to taxpayers for a variety of reasons. While rarely welcome, there are a few things to keep in mind if one […]
In an attempt to acknowledge the significant challenges taxpayers are facing as a result of the severe economic crisis, the IRS introduced the “Fresh Start” program. The program is supposed to make it easier […]
If you’ve already filed a tax return and need to make corrections, you can file an amendment using Form 1040X if it’s a personal return or refile the return and select “amendment” if it’s […]
If you find you owe tax after completing your federal tax return but can’t pay it all when you file, there are some options and some things to keep in mind. Take a Second […]
April 15th came and went and you didn’t get your tax return or extension request filed – what now? Well, here are a few things to consider: File as soon as possible. If you […]
We often see situations where a taxpayer has significantly underreported their business deductions and could realize a substantial refund of past taxes if the business return was filed. However, for a variety of reasons, […]
The American Opportunity Credit and the Lifetime Learning Credit may help you pay for the costs of higher education. If you pay tuition and fees for yourself, your spouse or your dependent you may […]