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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Preparing for the Office Audit – Part 2
Here is how to prepare for the encounter with the IRS when being subjected to an office audit - Part 2
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Preparing for the Office Audit – Part 1
Here is how to prepare for the encounter with the IRS when being subjected to an office audit - Part 1
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IRS Appeal: How to Effectively Prepare
After requesting an appeal, you will have between a few months to a year before your hearing. Use this time to prepare diligently.
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Notices From the Tax Court
After you file your petition, within an year, you will receive a “notice setting case for trial” It gives you the place, date, and time…
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Meeting With the IRS Before the Trial
The IRS attorney may not say so, but would probably like to settle the case, rather than go to trial. It is less work…
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What is Florida Medicaid?
Medicaid is a joint program between the federal government and individual states providing medical assistance to individuals meeting the criteria.
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Florida Nursing Home Medicaid Income
A Medicaid applicant can only have $2,313 (2019) of income in their name per month.
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IRS Tax Court: Standing up to the IRS
You lost your audit and didn’t do any better with your appeal. Before pulling out your checkbook, consider going to tax court.
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Goals During an IRS Audit
You should have two goals in every IRS audit - Minimize financial damage and Prevent expansion of the audit.
