Reasonable cause is based on objective facts and circumstances. What constitutes "reasonable cause" under code section 6651 to avoid penalties for failure to file an...
Posted by The TaxAdvocate Group, LLC on 04/06/2021
Eligibility: In the event of a deficiency, the deficiency and any additional penalties must not exceed $50,000. In a collection action, the total amount of unpaid taxes, including...
Posted by Daniel P Vigilante CPA and Profit Consultants on 02/17/2021
If you owe back taxes, chances are you will have to deal with tax liens and tax levies. This article explores how a tax lien can affect you and tips to get rid of it. Note: In...
American taxpayers will think about whether they profited by the Trump tax cut. A great many people don't figure they did. Just 17% of Americans think the bill is diminishing...
Posted by BEST FINANCIAL GROUP LTD on 05/01/2019
It's possible to trim tax bill on your estate by appealing the real value assigned to your home by the taxman. The "assessed value" is what's utilized to figure...
Posted by Elliot Kravitz, ATP on 03/08/2019
Are you, like the other the other million or so homeowners in Cook County feeling the effects of rising property values in our area? Whether you are a homeowner, or a professional...
Posted by BEST FINANCIAL GROUP LTD on 02/19/2018
If the IRS filed a Notice of Federal Tax Lien against you in the past, the IRS debt may have appeared on your credit report. Although the three major credit bureaus took away tax liens...
Posted by J.R.'S TAX SERVICE on 11/14/2018
Has the IRS disallowed the Earned Income Credit or Child Tax Credit? If you are able to meet the following tests; an appeal may be the answer for you. Qualifying Child Relationship...
Posted by Glinnis Solomon on 12/31/2014
