Tax Relief Options

TAX REFUNDS ABOUT TO HAPPEN TO MILLIONS

Tax refunds about to happen to millions. As part of the Tax Code changes that the Biden Administration passed, millions of Americans will be getting an extra boost in income, in the form of tax refunds above and beyond the normal amount that th... Read More

HELPING THOSE WITHOUT AN ADDRESS

Helping those without an address. The IRS is urging community groups, employers, and others to share information about those without a permanent address, so they may qualify for the Child Tax Credit and any other Tax Credits they may be eligible... Read More

DEDUCTION DENIED FOR DONATED HOME

Deduction denied for donated home. In our ongoing coverage of cases related to tax issues or Tax Court cases, we want to discuss a Fourth Circuit case where a couple's deduction of a charitable deduction a materials that they salvaged from thei... Read More

DOMESTIC PRODUCTION DEDUCTION CLAIMS TWO

Domestic production deduction claims two. In our ongoing series on tax issues that can get individuals and businesses in trouble, which sometimes leads to the need for Tax Court help, we again discuss the IRS alert on improper corporate domestic p... Read More

SPECIFICS OF TAX RELIEF PLAN

Specifics of tax relief plan. All most Americans know about the $1.9 trillion COVID-19 tax recue bill, is that is gives them a stimulus check. But this bill includes a lot more than just stimulus checks for Americans. It is designed to spur the U.... Read More

CALLS TO DELAY THE TAX FILING DEADLINE

Calls to delay the tax filing deadline. Various accounting organizations and leaders of the House Ways and Means Committee are calling for extending the tax filing deadline to give the American taxpayer, the IRS, and accounting professionals an ex... Read More

DEDUCTING COLLEGE TUITION PART THREE

Deducting college tuition part three. Many people with IRS tax debts come to us and want to know, can we deduct out children's college expenses and tuition on our taxes. This is a three part series on ways to do that. One way is with employer paid... Read More

DEDUCTING COLLEGE TUITION PART TWO

Deducting college tuition part two. This is the second part of a two part series on ways to deduct college tuition. Some changes due to recent tax laws. Qualified expenses may include nonacademic fees, such as student activity fees and athletic fe... Read More

CAN YOU DEDUCT COLLEGE TUITION ON TAXES

Can you deduct college tuition on taxes. We are asked this question quite often by those seeking tax resolution, looking for ways to reduce tax debt. There are several ways to deduct college tuition and textbooks on your federal income tax return,... Read More

TAX RELIEF SPENDING AND THE DEBT

Tax relief spending and the debt. The federal government plans to spend historic sums to battle the economic fallout from COVID-19.  Over the past two months, Congress has approved some $2.4 trillion to combat the coronavirus crisis and the result... Read More