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IRS Tax

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…
Ansari Law Firm
November 17, 2017
IRS Tax

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…
Ansari Law Firm
November 17, 2017
IRS Tax

Seven Things to Do When an IRS Letter Arrives

Seven Things to Do When an IRS Letter Arrives The 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: Don’t panic. Simply responding will take care of most IRS letters and…
Ansari Law Firm
November 17, 2017
IRS TaxNews and Articles

Debt Cancellation May Be Taxable

Debt Cancellation May be Taxable If 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…
Ansari Law Firm
March 2, 2017
IRS TaxNews and Articles

Claim the Earned Income Tax Credit

Claim the Earned Income Tax Credit The 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: Review…
Ansari Law Firm
January 31, 2017

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