Are You Prepared for Tax Season 2015? Are You Prepared for Tax Season 2015? While no one looks forward to tax season, there are a few simple ways get prepared and make the whole experience a little less painful. While it is best if some of these steps are taken before tax season starts, timing… Continue reading →
Payment Plan Settles $62,000 Tax Debt
Payment Plan Settles $62,000 Tax Debt – Allows $65,000 401(k) to Remain Untouched Payment Plan Settles $62,000 Tax Debt – Ms. V, a middle-aged woman who suffers from chronic health problems, represents a rather unique tax settlement case. Through years of employment, she had accumulated a back tax balance of $62,000 but, at the same time,… Continue reading →
2015 Tax Filing Date Announced
2015 Tax Filing Date Announced 2015 Tax Filing Date Announced – The tax filing date for the New Year has recently been announced by the IRS. Tax filing will begin on Tuesday, January 20th, 2015. In addition, as part of the tax extenders package which President Obama signed into effect on December 19, 2014, all… Continue reading →
Tax Extenders Bill Passed
Tax Extenders Bill Passed – With time running out, Congress has passed the long awaited tax extenders bill. Although President Obama has not yet signed the legislation into effect, his signature is expected. The bill, officially identified as the Tax Increase Prevention Act of 2014 (HR 5771), extends some very significant tax breaks through the… Continue reading →
Year End Tax Considerations
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 →
IRS Notice of Deficiency As a Wake-up Call
Let IRS Notice of Deficiency be a Wake-Up Call Let IRS Notice of Deficiency be a Wake-Up Call – If you have received an IRS Notice of Deficiency, let it serve as an official wake-up call, informing you that you have a back tax issue that needs attention. Although a Notice of Deficiency is usually… Continue reading →
