Tax Relief Options

Present value of estate deduction rules. The IRS and Treasury issued new regulations incorporating present value principles by which an estate may deduct certain expenses and claims against an estate under Section 2053. The primary issue addres... Read More

Making estimated tax payments online. The IRS in Bulletin IR-2022-101, stated that multiple advantages exist for taxpayers who file estimated tax payments online. Its faster, easier, and it is safe. During this past National Small Business Wee... Read More

Tax related identity theft part two. Tax related identity theft happens when someone will take a person's stolen Social Security number to do one of a few things. They may file a fraudulent tax return, with a phony address, hoping to get a refu... Read More

Superfund taxpayers relief part two. The IRS put out Notice 2022-15 to grant relief to Taxpayers who had certain qualifications. The IRS acknowledged that in granting the relief, as well as the short time between the taxes reinstatement and the... Read More

Rental home expenses and deductions. The rules for Taxes when it comes to rental homes get a bit tricky and it breaks down into whether its a short term or long term rental, and if other services are included in the rental package. You are conside... Read More

2023 low income taxpayer clinic applications. The IRS announced that the application period for Low Income Taxpayer Clinic matching grants for calendar year 2023 will open on or around May 3rd, 2022. The LITC Program is a federal grants program... Read More

Why some tax refunds take longer. Even though the IRS issues most tax refunds in less than 21 days for taxpayers who filed electronically and chose direct deposit, some refunds may take longer. Many different factors can affect the timing of a ... Read More

Smaller tax refunds for some. Many Americans may be surprised to find that the large tax refund they were expecting, isn't quite as large as they thought. The size of the refund will largely depend on whether you received monthly advance paymen... Read More

Tax refund delays expected. Due to the additional work that Congress has put on the IRS, the stimulus administration, keeping track of those payments, and overhauling the IRS computer system, the IRS during the Covid pandemic has fallen behind ... Read More

Offshore havens for tax cheats. With the revelation in the Panama Papers, and then in the Pandora Papers, its apparent that many of the world's wealthy, and famous individuals feel that the tax code doesn't apply to them, and that cheating is a ... Read More