Important Year End Tax Considerations Important Year End Tax Considerations – Although tax planning is important all year long, it is especially important at the end of the year. End of the year tax moves such as accelerating or postponing income, balancing capital gains and losses and placing funds in tax deferred accounts have the… Continue reading →
Tax
IRS Announces 2015 Tax Changes
IRS Announces 2015 Tax Changes IRS Announces 2015 Tax Changes – Although the Federal Reserve predicts that inflation will be under two percent again in 2015, the IRS has modified certain tax rates and ceiling amounts to cover the anticipated increase. While none of the changes seem particularly significant, any or all of these can… Continue reading →
Reality Stars Suffer the Consequences of Back Taxes
Reality Stars Suffer the Consequences of Owing Back Taxes Reality Stars Suffer the Consequences of Back Taxes – The recent indictments of reality television stars Mike Sorrentino and Teresa and Joe Giudice highlight the importance of staying current with the IRS. All three, together with Mike’s brother Marc Sorrentino, were charged multiple offenses that included… Continue reading →
Enrolled Agent Earns Prestigious Title
Professional Tax Resolution Enrolled Agent Earns Prestigious Title- Professional Tax Resolution is pleased to announce that one of our talented Enrolled Agents, Jean Krieger, recently earned the elite Fellow designation from the National Association of Enrolled Agents (NAEA). This prestigious title is awarded each year to a select group of tax practitioners who complete all three… Continue reading →
Know Your Tax Settlement Options
Know Your Tax Settlement Options – Concurrently with stepping up their efforts to identify taxpayers who owe back taxes, the IRS has been introducing new tax settlement programs to help these individuals resolve their tax debts. Because ignoring overdue taxes can result in such serious consequences as wage garnishments, tax liens and tax levies, in… Continue reading →
Is an Offer in Compromise Right for You?
Is an Offer in Compromise the Right Tax Settlement Option for You? An Offer in Compromise is a tax settlement option that allows a delinquent taxpayer to settle a back tax balance for less than the full amount owed. While it is an excellent way for a taxpayer who meets the IRS eligibility criteria to… Continue reading →
