The federal income tax deadline has passed. However, some taxpayers have not filed their 2020 tax returns or have not paid their taxes.If a taxpayer qualifies for a refund, there is...
Posted by Dennis Jao on 07/24/2021
A couple of years ago, Uncle Sam reached out to four private companies for assistance in debt collection. The implication of this is that any of these four companies could come after...
Posted by Income Taxes and Bookkeeping LLC on 05/24/2021
There are many tax benefits available to the military, including tax deductions, exclusions from battle payments, extended deadlines, and other benefits. If you are in the U.S. military,...
Posted by The TaxAdvocate Group, LLC on 12/20/2020
The IRS has issued guidelines on the denial and revocation of passports due to serious tax violations. The IRS must notify the State Department when a person has a "serious"...
Posted by Carmen Garcia on 04/09/2021
Deployed service members must submit their taxes. Fortunately, the Internal Revenue Service realizes that the service members and their families face unique circumstances and offer...
Posted by Cypress Tax Solutions on 02/17/2021
What is a combat zone?A combat zone is designated as a war zone for a specified period with the aim of reporting to the Internal Revenue Service by military personnel. While serving...
Posted by Flynn Financial Group Inc on 12/19/2020
In general, any form of military payment obtained while deployed to a combat zone is excluded from federal income tax. This translates into significant tax savings for the active combat...
Posted by Tucker Accounting Services LLC on 11/02/2020
