Working The Puzzle From All The Angles
On Behalf of Demetrius J. Karos, Ltd. | Aug 10, 2015 | Tax Law
I'm here from the government and I am here to help? Yes, it is true. Take advantage of some of the IRS tools to help you navigate the rough sea of tax issues. Here are some online tools to consider before you call the IRS and have to wait for an extended period of...
On Behalf of Demetrius J. Karos, Ltd. | Aug 7, 2015 | Tax Law
Dealing with an IRS problem is time consuming and can be confusing for the average taxpayer. The taxpayer may feel that they are right but the process is long and frustrating. Congress created the Taxpayer Advocate office with the hope that a speedy resolution might...
On Behalf of Demetrius J. Karos, Ltd. | Aug 6, 2015 | Tax Law
Are you starting a new business? If so, there are several key decisions to make that will affect you and your business for many years. Here are some initial items to consider when starting your new business: IRS Tax Tips for Starting a BusinessWhen you start a...
On Behalf of Demetrius J. Karos, Ltd. | Aug 5, 2015 | Tax Law
The government is here to help with the cost of your college education. Several credits are offered for attending higher learning institutions. Don't let this money slip away.Here is a summary of the various credits offered: Back-to-School Education...
On Behalf of Demetrius J. Karos, Ltd. | Jul 31, 2015 | IRS, Real Estate, Tax Law
In most cases, there may be no additional income tax when a taxpayer sells their personal residence. However, there are a number of issues that surround the typical sale of the home that may require you to contact your tax professional for clarification. Here are a...
On Behalf of Demetrius J. Karos, Ltd. | Jul 13, 2015 | Tax Law
If you receive a notice from the Internal Revenue Service, you must answer the notice within a specific time. Failure to respond could result in an assessment and more expensive to unwind.Here are a few tips to deal with an correspondence from the Internal Revenue...
On Behalf of Demetrius J. Karos, Ltd. | Jul 8, 2015 | Real Estate, Tax Law
Just because you own a vacation home does not mean you automatically get to write off everything related to the ownership of the vacation home. Here are a few tips. IRS Tips about Vacation Home Rentals If you rent a home to others, you usually must report the rental...
On Behalf of Demetrius J. Karos, Ltd. | Jul 6, 2015 | Tax Law
Many taxpayers will have gambling winnings. Be advised that these winnings cannot be ignored and there are specific ways to report the winnings and the dreaded losses. Winnings that are not reported may come back as a surprise when the IRS issues a matching...
On Behalf of Demetrius J. Karos, Ltd. | Jul 1, 2015 | Tax Law
Identity theft is a common problem in our society and has become an epidemic in the field of tax preparation. If you are a victim of identity theft, don't blame the preparer. Do follow these steps if you are a victim of identity theft. Ten Things to Know about...
On Behalf of Demetrius J. Karos, Ltd. | Jun 30, 2015 | Tax Law
If you owe money to the Internal Revenue Service or your state Department of Revenue, that liability does not go away easily. If you do not make proper arrangements to pay the liability, government agencies have very powerful tools to get your attention.Here is...
