When a taxpayer cannot pay the tax bill (now or in the future) with future assets and monthly income, they may qualify for the I.R.S. Offer in Compromise program—providing a...
Posted by Flynn Financial Group Inc on 01/23/2021
Have you received an email stating that you have filed a tax return electronically or that your tax return has been accepted or rejected by the I.R.S., but you know you have not filed...
Posted by CORE PERFORMANCE on 01/22/2021
You can generally deduct losses from accidents and thefts related to your home, household items, and vehicles if the loss is caused by a federally declared disaster declared by the...
Posted by Thomas G Kinsella, ATP on 01/22/2021
The USA has tax treaties with numerous foreign countries. Under these treaties, residents of foreign countries pay taxes at a reduced rate or are exempt from U.S. taxes on certain...
Posted by Tiffany Gaskin on 01/22/2021
We have seen that the stock market has hit several new highs in recent months. This is in addition to the fantastic bull market that ran for more than ten years before the rapid coronavirus...
Posted by Rosovich & Associates, Inc. on 01/22/2021
A spouse is said to be injured if, after filing jointly with the partner, the refunds were seized due to a debt collected by either Uncle Sam or BFS (Bureau of Fiscal Services).Most...
Posted by Accurate Books And Tax on 01/22/2021
An overview of the issues of spousal liability in the world of income tax.John and Jane divorced after five years of marriage and two children. Jane got the children, the house, and...
Posted by Tucker Accounting Services LLC on 01/22/2021
The I.R.S requires that you report all taxable donations you make during the year and pay the appropriate tax. However, the average taxpayer never files a gift tax return or pays gift...
Posted by Unifirst Financial & Tax Consultants on 01/22/2021
All employees that were fired through whatever means except their own fault qualify for unemployment insurance – a joint program between the federal and state government that...
Posted by Elliot Kravitz, ATP on 01/21/2021
