Blog
-
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…
-
Fraud and Tax Crimes: Do You Really Have to Worry?
It is a crime to cheat on your taxes. In a recent year, however, fewer than 2,000 people were convicted of tax crimes…
-
Family, Heirs, Taxes, and the IRS
The tax laws contain special rules affecting folks related by blood or marriage, and people who own property together. Tax duties don’t end…
-
The Taxpayer Advocate: A Friend at the IRS
You’ve tried to solve your problem with the IRS, but no one seems to want to help. So whom can you call? The…
-
IRS Enforced Collection: Liens and Levies
If you don’t deal with the IRS using any of the options discussed in Chapter 6, “When You Owe the IRS,” you are likely…
-
When You Owe the IRS: Keeping the Tax Collector at Bay
According to the IRS, 15% of all taxpayers owe back taxes. And this figure includes only people who have actually filed tax returns.
-
Going to Tax Court: No Lawyer Necessary
You lost your audit and did not reach a settlement with the IRS on appeal. What’s next? You have two choices—you can accept…
-
Appealing A Tax Audit Within the IRS
The IRS has an administrative procedure for appealing unagreed examination reports to an IRS Appeals Office. The appeals office has nearly 2,000 employees.
-
Filing Tax Returns: If You Haven’t Filed and Other Concerns
Over 50% of all people file annual federal income tax returns before April 1 of each year. According to the IRS, about 10%…
-
Inside the IRS: What You Need to Know About IRS Operations
Provide America’s taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity…
