Finding Real Life Solutions To Your Tax Problem
During the holiday season it is not very common to think about one’s tax return. Indeed, in our prior post we warned against the seduction of tax refund anticipation loans, but that’s arguably the only way taxpayers are thinking about their returns. But...
If there are two constants in life, they are death and taxes. Even in death, there is an estate tax that may apply to things you leave behind. After all, as the old adage goes, you can’t take it with you. While this may be true, why would you want to leave money...
While the news about politics has centered around President-elect Donald Trump’s transition team, little news about tax reform has hit the mainstream media. However, Congress has made some changes that could affect employers and employees alike as early as next...
Many people are terrified when doing their taxes, thinking that one small mistake is going to trigger an audit and leave them facing fines, fees and even jail time. They think of the IRS as this aggressive organization that is carefully watching their every move,...
There may be many reasons why you might find yourself in a "delinquent" tax situation. Maybe you were making tax payments and then lost your job, or had an unexpected crisis or medical emergency. It could be that you filed late and excessive interest fees have been...
While many people are focusing on preparing for the holiday season, it is worth noting that tax season is just around the corner. It is fairly common for employers to begin sending w-2 notices so that taxpayers can begin filing their income taxes. Indeed, employers...
For a number of Californians, the notion of Donald Trump winning the presidency was more Hollywood fiction than reality. It now appears that life is imitation art, as Trump has now been elected the 45th President of the United States.While Trump won’t take...
As we have noted in a few of our posts this fall, October and November are not usually months to discuss tax issues unless you are running for office (or campaigning for a candidate). Nevertheless, staying apprised of tax rulings and getting opinions on transactions...
At the end of October, it is not very common to talk about tax refunds. Let’s face it, more people are concerned about what their kids are going to wear to go trick-or-treating. This apathy about taxes must frustrate financial advisors around this time of...
In a number of our posts, we have highlighted how people lament the power of the IRS to collect taxes from them. This power is rooted in federal law, and can lead to taxpayers having their wages garnished and property being taken in extreme circumstances. If that is...