If you haven’t filed your tax returns in a while, how do you get back into compliance? Do you need an attorney? Many people are able to file their back tax returns using TurboTax or other tax software. 1 You might need a CPA or attorney in some cases2 How far back do you need … Read more
If you’re under audit by the IRS, it’s important to understand how to protect your rights during an audit. 1 Types of IRS Audits1.1 Correspondence Audit Program1.2 Automated Underreporter Program (AUR)1.3 Office Audits1.4 Field Audits2 How to Prepare for an Audit2.1 You should always consult with a tax professional before making any decisions about how … Read more
The IRS released their yearly Dirty Dozen tax scams for 2019.
This year’s “Dirty Dozen” list highlights a wide variety of schemes that taxpayers may encounter at any time, although many may peak during tax-filing season. The schemes run the gamut from simple refund inflation scams to complex tax shelter deals. A common theme throughout all: Scams put taxpayers at risk.
President Trump declared a major disaster in Muskogee, Tulsa and Wagoner counties.
Residents who live or have a business in these counties may qualify for the following tax relief:
The Treasury Department and the IRS are working to incorporate changes into the Form W-4, Employee’s Withholding Allowance Certificate, for 2020. The current 2019 version of the Form W-4 is similar to last year’s 2018 version.
The IRS is working closely with the payroll and the tax community as it makes additional changes to the Form W-4 for use in 2020.
The U.S. Tax Court in Oliveri v. Comm’r, T.C. Memo 2019-57, found that the IRS didn’t abuse its discretion by pursuing collection of a Tennessee man’s tax debt after he failed to pay subsequent tax bills timely.
Whether or to What Extent Petitioner May Deduct Expenses He Incurred in 2012 Which He Contends Were Related to Evangelization.
In Constance H. Briley v. Commissioner of Internal Revenue, docket number 7782-17 (T.C. Memo. 2019-55), the Tax Court denied innocent spouse relief to a Virginia woman, who the court said had reason to know of an error on her joint tax returns.
Constance H. Briley married Mr. Briley in 1988. They were married during the years involved; and although they separated in 2013, they remained married as of the date of trial.
When married taxpayers sign a joint return, they are jointly and severally liable for the taxes owed on the return. Oftentimes a spouse will fail to report income or claim improper deductions or credits, without the other spouse knowing. In such cases, it might be grossly unfair to hold the innocent spouse liable for the … Read more
It’s that time of the year. We’ve just finished sending in our tax returns and doing our happy refund dances. We sit patiently for that crisp, green refund check – thinking of all the things we can do with it. A week becomes two, and then a month. …Still no check in the mail. Where … Read more
The most common way to resolve tax debt issues by entering into a payment plan with the IRS. There are several types of payment plans. 1 Do you qualify for a payment plan?2 Guaranteed and Streamlined Installment Agreements3 Partial payment installment agreements4 How to set up a payment plan4.1 You should always consult with a … Read more