Whether to make investments into a regular tax-advantaged employer plan and IRA personal accounts versus contributing to Roth tax-advantaged employer plan and IRA personal accounts is not always a straightforward decision.
The decision on the trade offs happens to be one of the most complex choices of lifetime personal financial planning. A lot of things can [...]
There isn’t a person who keeps informed about political issues, or concerns themselves with current events who hasn’t heard of the tax on “Cadillac” health insurance plans proposed by President Obama. Many people have an opinion on the tax, and yet still some don’t fully understand what it’s all about. Many people view the [...]
Most taxpayers are honest
The vast majority of American taxpayers are honest when it comes to filing and paying their taxes. The huge tax cheats are rare. Instead of taking advantage of the system, it is actually the opposite that is true; most Americans do not take advantage of legitimate deductions and overpay on their taxes. [...]
1. Turbo Tax Free Edition
You probably already know that if you make a lot of money or have complicated taxes you won’t be able to file your taxes for free. Usually, for people with high incomes or a lot of assets, it makes sense, and it’s worth it, to pay someone to do your taxes. [...]
Raleigh NC Tax Preparation
A few days ago in a email news item I made the distinction that the Haiti disaster is now a qualified disaster according to the IRS (http://www.irs.gov/newsroom/article/0,,id=218615,00.html).
And I mentioned in that email, the IRS was rumoring that people would be able to take a deduction for contributions to Haiti on the current [...]
"Collection Due Process Hearing" "non-frivolous arguments" "IRS personnel" fear "criminal prosecution" IRS levy bank account Legalbear lien CDPH
There is a blog post about IRS miscues here: oldavonladysorders.blogspot.com/2009/09/if-at-first-you-dont-succeed.html. This is a woman who graduated from Penn State. She considers herself to be a Nittany Lioness. She says:
“…the son-in-law owes the IRS money. When the kids have [...]
"Collection Due Process Hearing" "non-frivolous arguments" "IRS personnel" fear "criminal prosecution" Legalbear lien CDPH
26 U.S.C. § 6330(e) contains a provision that is little celebrated and underutilized by folks facing off with an Federal tax wage levy of their bank account or pay. That subsection provides in pertinent part:
“(e) Suspension of collections and statute [...]
The word free is the most people love to hear. Especially if the word free you are hearing link to the taxes. Free Tax Help is a good thing for people who deal with taxes because there is a probability about 50 percent when all is said and done.
Finding in this age of [...]
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In order for the IRS to comply with the edict of Congress, necessities of the law require that they to start with, give their levy target (that would be you) what is called a [...]
Car Donation Tax Deduction!
Next to needing to make a contribution to charitable causes, perhaps your biggest motivation to donate your car is the serious tax break it can provide you with. Do not be misled by info about your return, because the tax breaks you can get from a car donation won’t be as [...]