If you are concerned about whether (or when) the IRS is going to exercise its enforcement powers and make your life miserable, radio advertisements for tax relief companies may catch your attention. The general pitch is that they can possibly help in defending against...
Finding Real Life Solutions To Your Tax Problem
Month: March 2017
Major tax filing questions during divorce
Depending on your income and tax bracket, the federal tax filing deadline is another issue to be concerned with in the midst of a contentious divorce. Essentially, tax issues can create a number of financial questions that must be resolved. Indeed, divorcees may...
What is the difference between a tax credit and a tax deduction?
Sometimes it feels like the world changes when daylight savings time comes around. In reality it is just another hour, but as the days get longer and spring arrives, don’t be surprised if you want to spend more time outdoors; especially after work.Unfortunately,...
Will the IRS be interested in seizing your property?
We have noted in a number of our posts, the power the IRS has to collect taxes; especially those that are past due. The IRS may place liens on property, and even exercise levies on homes, cars and even financial accounts. After all, the federal government...
Things that could subject you to an audit
If you have finished compiling information so that you may file your federal income tax return, we commend you. Getting one’s taxes filed before the deadline (April 18 for this year) is an accomplishment. While you may breathe a sigh of relief, your dealings...