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IRS Tax

Filing Chapter 7 Bankruptcy on IRS Income Taxes

Filing Chapter 7 Bankruptcy on IRS Income Taxes If you've thought about wiping out your tax debt, then, you will want to read this: Filing Chapter 7 bankruptcy on IRS income tax is absolutely legal, viable, and available to you. Just remember the 3/2 rule:  If you have filed an…
Ansari Law Firm
August 8, 2018
IRS Tax

Abogado Tax Atlanta Georgia

Abogado Tax Atlanta Georgia (888) 577-1482 - Jalid Ochoa La firma de abogados tributarios de Ansari está compuesta por abogados con sólidos antecedentes contables, Maestrías en Derecho Tributario y un enfoque dedicado a estructurar las transacciones tributarias de nuestros clientes. Auditorías tributarias: la empresa maneja asuntos desde la recepción de…
Ansari Law Firm
August 1, 2018
IRS Tax

Benefits of IRS CDP Hearing

Benefits of IRS CDP Hearing In a recent case, a client hired our firm to represent him in a controversy with the IRS. He had owed $135,000.00 in unpaid payroll taxes from a business that was established well over 8 years ago. The best part is that he was only…
Ansari Law Firm
July 25, 2018
IRS Tax

State tax deduction 10k cap

State tax deduction 10k cap Under the new tax regulations, the state and local tax deduction is capped at 10k. What does that mean? Assume you paid $6,000.00 in property tax, $12,000.00 in State income tax, and you purchased a car and paid $2000.00 in tax in a given year.…
Ansari Law Firm
July 25, 2018
IRS Tax

Early Withdrawals from Retirement Plans

Early Withdrawals from Retirement Plans Things to Remember when Considering Early Withdrawals from Retirement Plans Many taxpayers may need to take out money early from their Individual Retirement Account or retirement plan. Doing so, however, can trigger an additional tax on early withdrawals. They would owe this tax on top…
Ansari Law Firm
March 15, 2018
IRS Tax

Nine Facts About the Adoption Credit

Nine Facts About the Adoption Credit Adoptive parents around the country may qualify for a tax credit. Parents who either adopted a child or tried to adopt a child may claim the adoption credit. Here are nine things you should know about this credit. Credit. The credit is nonrefundable. This…
Ansari Law Firm
January 10, 2018
IRS Tax

Whitney Houston IRS Estate Tax Deal

Whitney Houston IRS Estate Tax Deal The estate of the late award-winning singer and actress Whitney Houston has reportedly reached a deal with the Internal Revenue Service to pay $2,275,366 in taxes, far less than the $11.7 million the IRS said it was owed. Houston’s estate and the IRS have…
Ansari Law Firm
January 9, 2018
IRS Tax

2017 Tax Reform Summary of Major Provisions

2017 Tax Reform Summary of Major Provisions Tax Rates 1. The Act has seven tax brackets (ranging from 10% to 37%): 10%, 12%, 22%, 24%, 32%, 35%, and 37%. 2. The 37% bracket would begin at: $600,000 for joint returns/surviving spouses (39.6% rate starts at $470,700 for 2017) 3. The…
Ansari Law Firm
January 2, 2018
IRS Tax

Bitcoin Tax Attorney Atlanta

Bitcoin Tax Attorney Atlanta The IRS has ruled that bitcoins and other convertible virtual currencies are considered property and not treated as currency. Virtual currencies are property for tax purposes, meaning you will have capital gain or loss when disposing of virtual currency. Income is taxable, even if you are…
Ansari Law Firm
December 20, 2017
IRS Tax

New Republican Trump Tax Bill 2017

New Republican Trump Tax Bill 2017 A new tax cut for the rich: The final plan lowers the top tax rate for top earners. Under current law, the highest rate is 39.6 percent for married couples earning over $470,700. The GOP bill would drop that to 37 percent and raise the threshold…
Ansari Law Firm
December 16, 2017
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