It’s such an easy thing to do and yet our pride steps in and makes asking a simple question seem like lifting a 2 ton brick. Can you help me? I love when people ask me for help. It is so flattering. It means they think I actually know something. That’s how MOST people feel [...]
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Efile Your 2011 Tax Return: How to Efile Your Taxes
E~file Your 2011 Tax Return: How to E~file Your Taxes Tax season is upon us. This means that you are either preparing a tax return by yourself or hiring a tax preparer to do it for you. For years you may have prepared and filed your returns on paper, the traditional method. You may have [...]
The Definitive Guide to Getting Your Offer in Compromise Approved by the IRS
IncomeYour ability to payAn Offer in Compromise is a document that allows people who are unable to pay all of their taxes due to financial hardship to pay less than they owe the IRS. The IRS will determine how much you owe by examining the following: Expenses Asset equity Be warned! The IRS does not [...]
Estimated Tax, Do you need to pay?
What Is Estimated Tax? Estimated tax is the method used to pay tax on income that is not subject to withholding, such as self-employment income, interest, dividends, rents, alimony, etc. In addition, if you do not elect voluntary withholding, you should make estimated payments on other taxable income, such as unemployment income and the taxable [...]
Haven’t Filed an Income Tax Return?
Filing a past due return may not be as difficult as you think. Taxpayers should file all tax returns that are due, regardless of whether full payment can be made with the return. Depending on an individual’s circumstances, a taxpayer filing late may qualify for a payment plan. It is important, however, to know that [...]