Working The Puzzle From All The Angles
On Behalf of Demetrius J. Karos, Ltd. | Oct 14, 2020 | Tax Law
The difference between the wage your employer pays you and your actual take-home income can be frustrating. Many people pay 20% or more of their average weekly income in various taxes. When it is time to file your tax return, it is normal and even reasonable to want...
On Behalf of Demetrius J. Karos, Ltd. | Oct 1, 2020 | Tax Law
You want to stay on top of your federal income taxes to avoid the possibility of triggering an audit. Some indications that you may want to get in touch with your tax attorney include if: Your business is growing, so your tax returns are becoming more complex Your...
| Sep 15, 2020 | Tax Law
Whether you run a business or have complicated investments, it’s normal to worry about the possibility of a tax audit -- and the potential consequences. Tax laws have grown increasingly complex over the years, so the chances that you’ve made a mistake somewhere have...
On Behalf of Demetrius J. Karos, Ltd. | Sep 14, 2020 | Tax Law
Some people refer to estate taxes as death taxes. While it is true that these taxes occur after someone dies, what the government taxes isn't the act of dying so much as it is the transfer of assets that someone leaves behind to their loved ones. Once your total...
On Behalf of Demetrius J. Karos, Ltd. | Aug 31, 2020 | IRS
People who owe money to the Internal Revenue Service (IRS) will often try to get it paid as quickly as possible. Most individuals know how serious the consequences are if you don’t pay and just ignore the IRS. This is a ruthless agency that’s going to do anything...
On Behalf of Demetrius J. Karos, Ltd. | Aug 20, 2020 | IRS, Tax Law
If there is one thing that is clear, it’s that the American tax system is complex. It’s complicated to do your own taxes, and even those who train to do your taxes could find some trouble when working on them. In the U.S., the government requires you to figure out...
On Behalf of Demetrius J. Karos, Ltd. | Aug 5, 2020 | IRS
The Internal Revenue Service is one of the most aggressive creditors that some individuals will face. This is because the government entity has very harsh penalties that it can use for individuals who don’t pay their income taxes as they should. The easiest way to...
On Behalf of Demetrius J. Karos, Ltd. | Jul 24, 2020 | Estate Planning
Americans often feel like financial details are very private and personal. They don’t like to talk about them, even with members of their own family. This extends to estate planning. While just how much you tell anyone is up to you, of course, there are actually some...
On Behalf of Demetrius J. Karos, Ltd. | Jul 15, 2020 | IRS
No one wants to learn that they owe money to the IRS, but this could become your reality at some point in the future. If it does, the first thing you should do is keep calm. This isn’t a time to panic, as there are options available to you. Once you come to grips with...
On Behalf of Demetrius J. Karos, Ltd. | Jul 10, 2020 | Tax Evasion
If you find yourself accused of tax fraud of tax evasion, there is one simple question to ask: Did you intend to do it? What you’ll find is that the exact same outcome can have two very different sets of legal ramifications, all depending on what you meant to do. For...
