Blog
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How the Estate Tax is Calculated
Will My Beneficiaries Have to Pay the Estate Tax? The estate tax, more ominously known as the death tax, is a federal tax that is due when a deceased person’s estate exceeds a certain monetary threshold. The federal estate tax is brutal, since an estate that is subject to the estate tax will owe roughly 40% to the federal government. However, most estates are thankfully not subject to the estate…
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Attending an Office or Field Audit
Before leaving for your tax audit — or before the revenue agent arrives at your home office— take one last look at your documents and…
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Arguing Your Case in Tax Court
Come to court a little early; judges hate tardiness. It will also give you time to find parking and the right room, and to…
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Appealing Your IRS Tax Audit
Appealing isn’t especially difficult or timeconsuming. Your chance of getting at least some tax reduction is great. You don’t have to hire a…
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US Tax Law: Frequently Asked Questions
The 25 Most Frequently Asked Questions About Taxes - 1. How long should I keep my tax papers? 2. How long should I…
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The Taxpayer Bill of Rights
In 1988, Congress passed the first of three Taxpayer Bills of Rights. It marks a victory for the little taxpayer. It levels the…
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State Income Taxes: The Bill Comes at the End
All states except Alaska, Florida, Nevada, New Hampshire, Tennessee, South Dakota, Texas, Washington, and Wyoming impose an income tax.
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Help Beyond the Book: Tax Professionals and Tax Information
This book gives you strategies for coping with most tax problems—audits, bills, and tax court. If you need more help, try any of…
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Penalties and Interest: Sorting Our IRS Tax Bills
IRS-imposed penalties and interest charges are discussed throughout the book. A $7,000 tax bill can accumulate $15,000 in interest and penalties.
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Small Business/Self-Employed Tax: When IRS Trouble Comes
If you are in business for yourself, or you work for someone who is, know that the IRS is watching. There are three…
