Help for Your Tax Problems
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- July 14, 2021
A Guide to the Qualified Business Income Deduction
In 2017, there were major changes to tax law. The Tax Cuts and Jobs Act included reductions in tax rates for businesses and individuals, increasing the standard deduction and family tax credits, eliminating personal exemptions, and making it less beneficial to itemize deductions, limiting deductions for state and local income taxes and property taxes. With […]
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- July 13, 2021
Case Study: Completely Eliminating IRS Payments
Throughout my years in this industry, it is always tough speaking to people in awful situations with the IRS. When someone’s financial situation is so tight, I always try to steer them to try to contact the IRS directly first in hopes that the IRS would see how bad their situation really is and try […]
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- July 12, 2021
Success Story: $130,000 Tax Liability Saved and Levied Money Returned
Over our years in this industry, we have always hated the conversations with taxpayers that we know we could have helped, but they have either gone too far on their own with the IRS or the IRS has already taken the full amount of the liability owed through a garnishment or a levy. It is […]
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- July 9, 2021
Case Study: 72% Saved on an IRS Payment Plan
I’d like to tell you about a client that we recently helped settle an IRS tax liability that you might be able to relate to. We will call her Ms. W to respect her privacy. The Collection Letters and Loss of Sleep When Ms. W first contacted us, she was beyond frantic. She had received […]
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- July 8, 2021
Avoid Being a Victim of IRS Scams
Over my many years in this industry, I have encountered petrified taxpayers that reach out looking for help that feels the IRS is bearing down on them. This is what the IRS does, so in some cases, it is 100% valid to be scared. With others that contact me, I ask some simple questions and […]
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- July 7, 2021
What You Can Deduct from IRS, State, and Local Taxes
When filing your taxes there are many ways to reduce your tax bill or ways to get yourself a bigger refund. This can happen using different credits and deductions that are available. This article will discuss different tax deductions that can be used on your tax return to reduce your taxable income. I will start […]
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- July 6, 2021
How to Get the Child Tax Credit Early
There have been many different programs made available by the government to help people get through these tough times. With the Covid-19 pandemic, there has been a record number of people on unemployment, and many small businesses and self-employed people had a serious loss of income. The government has provided benefits in the form of […]
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- July 5, 2021
Which Education Expenses Are Tax Deductible?
For many Americans, their years spent in college are a time when every little extra dollar counts. Fortunately, the government sees this, but they also value higher education so much that there are many different exclusions of income, tax deductions, and tax credits that can be utilized that are associated with different aspects of cost […]
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- July 2, 2021
Foreign-Earned Income Taxation
This is a question that comes up a lot with clients that work outside of the country either during portions of the year or are full-time residents of other countries. Estimates suggest that there are around 8 million US citizens living in other countries around the world. Some American citizens are there for employment and […]
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- July 1, 2021
IRS Resumes All Tax Collections and Doubles Workforce to Snag Tax Cheats
Last March the United States and the rest of the world basically came to a screeching halt. The Covid-19 pandemic swept through society forcing the biggest halt to business, government, and people’s lives in modern history. Many people were forced out of work and were in fear of not being able to pay their bills. […]
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