TAX REPRESENTATION FROM A FORMER IRS EMPLOYEE
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Taxes can affect just about every area of your financial life. From your retirement savings and life insurance to the gifts you give to your family members, there are many tax liability issues that are easy to overlook. Those with significant resources can sometimes...
Individuals who have a sizeable estate must consider the tax liabilities that their loved ones might face when they pass away. Estate taxes aren’t something that most people will have to deal with, but those who do have multi-million dollar estates should find out how...
Tax season is upon us once again, but many taxpayers are about to get some very unwelcome surprises when they do their taxes. They may not get much of a return -- or they may even owe taxes this year. While that prospect might be dreaded, it is always best to...
Tax season is here again. For many, that means just adding up their W-2s, filing a quick 1040-EZ form and collecting a return. It’s not quite that easy when you’re a gig worker, an independent contractor or somebody whose side hustle has started to turn a profit....
One reason that people put off estate planning is that they think it’s too early to do it. Maybe you’re in your 40s, and you feel like you’ve only lived half of your life. There’s no reason to do your estate planning yet. Why not wait until you’re in your 60s or 70s?...
If you have struggled to keep on top of your finances this year, you might feel like ignoring tax demands from the Internal Revenue Service (IRS). However, hiding your head in the sand will only make your problems worse. Failing to respond to the IRS's demands could...
For decades, offshore banking has been synonymous with tax avoidance, if not outright tax evasion, by wealthy people and corporations. People with significant resources may have funneled them into accounts held in countries that did not report those accounts to the...
Any time there is an allegation of tax fraud, you need to take it seriously. If you’re accused of attempting to evade taxation or manipulating your accounts to pay less than you owe, then you need to make sure you’re protecting your rights and yourself against the...
Many different types of taxes exist, including estate, sales, property and income taxes, to mention a few of them. The person appointed to the role of executor of someone's estate has many responsibilities. One of those is to file a fiduciary income tax return. What...
If you’re thinking about estate planning, you understand how important it is and how it’s inevitable that, eventually, everyone is going to need a plan. These plans may be very complex for those with multi-million dollar estates and multiple homes, and they may be...
