When people face an audit or disagree with an IRS auditor’s determination of one’s tax liability, the situation can be stressful, but there are multiple options to appeal such a decision. This means that taxpayers who dispute their tax liability can challenge a Notice of Deficiency if they are not able to negotiate an agreement […]
Imagine that you have just received an email from the IRS informing you that an error was made on your return and that you are due a refund. The email directs you to a website so you can update some personal information that is necessary for the refund to be processed. Sound too good to […]
After announcing its “fresh start” program in 2011, the IRS expanded that program in 2012, in an effort to help struggling taxpayers start over with a clean slate as far as their taxes are concerned. The fresh start program helped taxpayers who were burdened with tax liens and outstanding tax bills take care of those […]
While many people who owe substantial amounts in unpaid taxes to the IRS or who have not filed a tax return in years have heard of the strategy of submitting an offer in compromise to the IRS, most taxpayers only have limited knowledge of what an offer in compromise entails. While in theory the IRS […]
The Louisiana Department of Revenue has established a tax amnesty program which began on September 23, 2013 and will run through November 22, 2013. The goal of the program is to collect outstanding state tax liabilities from Louisiana residents who have fallen behind on their state taxes and want a fresh start. Eligible taxpayers who […]
Many restaurants have a policy of automatically adding a 15-20% tip for groups of eight or more—a practice many diners find annoying and even offensive. Even so, assuming the tab for your party of eight comes to $200 and the automatic gratuity of $40 is added onto your bill, that $40 will go directly to […]
Following the Supreme Court decision striking down part of the Defense of Marriage Act, many same-sex partners were left in limbo regarding many areas, including IRS tax rules. On the 29th of August, the IRS took steps to clear up some of that confusion by allowing all legally married gay couples to file joint federal […]
October 1, 2013, marked the beginning of the open enrollment period for the new health insurance marketplace. The Affordable Care Act, which was signed into law by President Obama on March 23, 2010, is the largest overhaul to the United States healthcare system since 1965. Although a big amount of the focus of the Act […]
While the sad reality is that many Americans have been unemployed or struggling financially as they accept low pay or part-time employment in an economy that continues to struggle, there is good news for those looking for employment when it comes time to file a federal income tax return. If you meet the necessary requirements, […]
While same sex couples and supporters of gay marriage lauded the U.S. Supreme Court decision in the United States v. Windsor, which struck down part of the Defense of Marriage Act (DOMA), the ruling leaves many same sex partners in a state of limbo in terms of the impact of more than a thousand federal […]