Taxpayers Who are Victims of Domestic Abuse Should Know Their Rights
Domestic abuse often includes control over finances. An important part of managing finances is understanding one’s tax rights. Taxpayers have the right to expect the IRS to consider facts and circumstances that might affect the individual’s taxes.Taxpayers have the right to: Taxpayers also have the right to request relief from the liability shown on a joint […]
IRS End-of-Year Withholding
As the end of the year approaches, the IRS encourages taxpayers to consider a tax withholding checkup. When taxpayers take a close look to make sure the right amount of tax is withheld now, they can avoid an unexpected tax bill next year.Here are five examples of taxpayers who would benefit from a withholding check-up:• Taxpayers […]
Five Facts about Charitable Contributions
With the holidays around the corner, many people will be making donations to benefit charitable organizations. However, come tax time, the person who made the donation might also benefit. That’s because taxpayers who donate to a charity may be able to claim a deduction for the donation on their federal tax return.Here are five facts […]
Seven Things to Do When an IRS Letter Arrives
Seven Things to Do When an IRS Letter ArrivesThe IRS mails millions of letters to taxpayers every year for many reasons. Here are seven simple suggestions on how individuals can handle a letter or notice from the IRS: Seven Things to Do When an IRS Letter Arrives
Georgia Liquor License Suspension Attorney
Georgia Liquor License Suspension AttorneyIf you are a restaurant or bar owner in the State of Georgia, then, you might be interested in knowing that your Georgia liquor license can be suspended for reasons beyond selling to a minor.Unpaid state sales tax has become one of the most common problems faced by vendors of liquor […]
Debt Cancellation May Be Taxable
Debt Cancellation May be TaxableIf a lender cancels part or all of a debt, a taxpayer must generally consider this as income. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt canceled in 2016.Here are 10 tips about debt cancellation:Main Home. If the canceled debt was a loan […]
Capital Gains and Losses 10 Helpful Facts to Know
Capital Gains and Losses 10 Helpful Facts to KnowWhen a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment.Here are 10 facts that taxpayers should know about capital gains and losses:Capital Assets. […]
Capital Gains and Losses 10 Helpful Facts
Capital Gains and Losses 10 Helpful FactsWhen a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment.Here are 10 facts that taxpayers should know about capital gains and losses:Capital Assets. Capital assets […]
Seven Reasons Taxpayers Should E-file Their Taxes in 2017
Seven Reasons Taxpayers Should E-file Their Taxes in 2017Taxpayers who still file paper returns may find now is the best time to switch to e-file. Last year over 85 percent of taxpayers filed their taxes electronically. E-file is the fastest and safest way to file.Here are the top seven reasons a taxpayer should file electronically […]
Claim the Earned Income Tax Credit
Claim the Earned Income Tax CreditThe Earned Income Tax Credit has helped workers with low and moderate incomes get a tax break for 40 plus years. Yet, one out of every five eligible workers fails to claim it. Here are some things taxpayers should know about the EITC: Taxpayers can also get free help preparing […]