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You've got a IRS tax problem and need legal help but you don't know how to find a qualified tax lawyer. Don't worry, it's easy. Learn how here.
Receiving an Intent to Levy notice can be a disturbing experience. Such notices are clear evidence that something has gone very wrong with your relationship with the Internal Revenue Service...
Getting that letter from the IRS that says they have assessed an additional tax on your tax return is never pleasant. And quite often, it can be scary. It may be that you claimed a deduction...
Head of household is one of the five filing statuses used when filing a United States federal tax return. It may only be used if certain criteria are met. You can qualify for this status if you're...
Citizen Relief Tax refers to write-offs, deductions and tax breaks for citizens who reduce the amount of tax they owe as taxpayers. Tax relief can be provided on state and local levels, though it...
Tax evasion involves the willful intent of a taxpayer to avoid paying taxes or to pay less than his rightful share of taxes. In fiscal year 2007, the United States government lost an estimated...
Failure to pay your federal income taxes on time can result in serious consequences. These consequences include penalties, interest and IRS collection activities against your assets. Fortunately,...
According to the United States Internal Revenue Service's Publication 946, the depreciation method that applies to most forms of property is the Modified Accelerated Cost Recovery System, which...
In 2008, a series of storms, floods and other natural disasters hit the Midwestern region of the United States. Congress promptly passed and President George W. Bush signed into law the Heartland...
The field of tax preparation has limited barriers keeping people with little to no experience from becoming tax preparers. For instance, a Certified Public Accountant who has been an auditor his...
A 1099 form must be issued at the end of a tax period in which an individual, business or other entity made a reportable transaction. A form 1099 is used to disclose income to both the Internal...
For generations, the federal government has had everyone reduced to a number. For tax purposes, any filing a federal return to the Internal Revenue Service (IRS) must identify themselves with a...
There are over a dozen different types of Form 1099, each for reporting a different kinds of income. These are forms used by the Internal Revenue Service (IRS) to track individual income that...
Form 4868 is the form used by U.S. taxpayers to request an extension for filing their income tax return. An extension simply prevents late penalties from accruing, but not the interest. If a...
For some, the thought of visiting a tax attorney is about as pleasant as seeing a dentist. But, in reality, the job of a tax attorney is usually to save their clients some money. Tax attorneys are...
Form 2848 is used to authorize an individual to represent a taxpayer before the IRS. That person must be a person eligible to practice before the IRS, such as an attorney, CPA or accounting...
With the Child Tax Credit, you can reduce your federal tax bill by $1,000 for every "qualifying child." To be eligible for the credit, the taxpayer and the child must meet a series of...
Individual income tax rates vary widely among nations. In the United States, estimating total income tax burden can be particularly tricky because of the federal system. Because federal, state and...
The legal concept that governs how long the IRS can collect taxes is what is known as the statute of limitations. This legal concept caps the period of time in which a governmental agency can take...
If you need to apply for a taxpayer identification number and are not eligible for a Social Security number, use Form W-7. Using this number will not qualify you for Social Security benefits and...
The Earned Income Tax Credit is not a refund of tax monies paid by a taxpayer, but rather a credit for low- to moderate-income families with dependent children. This credit can be claimed during...
Gross income includes "all income from whatever source derived." There are numerous exceptions to this, one of which is for life insurance benefits. Generally, life insurance benefits are not taxable.
Sometimes, it isn't possible to file or pay taxes by April 15. If you don't request an extension, you could be facing some significant financial penalties.
If you've been audited by the IRS but do not agree with their conclusions, you have the option to appeal. Appeals are handled independently of any other IRS office and serves as an informal...