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
Tax season is in full swing, as are the phone scams that claim to be from the IRS. Scammers are using new tactics, and some will call to say they have your tax return and just need...
As an individual, your taxes are one of the most important things to get things right. The IRS can hound and penalize you in an instant. That is why you need to make sure that you...
Investing in rental real estate can provide investors with a constant income stream that covers the mortgage and, at the same time, provides additional income each month; when these...
Unknown to many people, the proceeds from selling a house might be taxable. However, this article sheds light on the mode of operation and simple ways to avoid ending up with a huge...
Many people are so keen on not allowing Uncle Sam to get a penny of their money through taxes and engage in certain practices to achieve their goals. One such method is the frivolous...
What do you do if you receive a notice stating that a revenue officer is investigating your file for probable tax evasion? What will be the first steps to take and who will you turn...
For everyone that will include some amount of OID in their tax income, they must file Form 1099 OID. We refer to OID as the leftover from the redemption price of obligation when it...
Many baby boomers and retirees prefer to invest in savings bonds because they are safe and convenient investments, but stocks don't always earn interest. Over time, they expire,...