With more freelancing opportunities available than ever before, more people are taking part in the “gig economy.” Having part time jobs enable people to make their dollar go further during the year, but if due care isn’t taken with regard to taxes,...
Finding Real Life Solutions To Your Tax Problem
Attorney Robert T. Leonard
Los Angeles Tax Law Blog
Why you shouldn’t stress out about owing taxes
With the federal income tax filing deadline looming (it is on April 18 this year, by the way), it is normal for those who are not expecting a refund to be worried about meeting this deadline. Indeed, some see it as the end of the world while others would rather have a...
Who can benefit from tax relief strategies?
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...
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...
Will you hear from private collectors come tax time?
As we have noted in a number of our posts, having to owe Uncle Sam money during tax season can be quite troublesome; especially if you are already dealing with a glut of past due debt stemming from other facets of your life. Because of this, you are probably inundated...
When will I receive my income tax refund?
If you have slogged through all of the forms and imputed all of the credits and deductions that you legally may include, and you have filed your federal income tax return, you are greatly anticipating your refund (if you are entitled to one, of course). Waiting...
Deductions that the IRS may not allow
It’s no secret that this time of year deductions are the name of the game. After all, who wants to pay Uncle Sam more than he is entitled to; especially if that means writing a check after having withholdings taken out of your income all year? Because of this,...