Tax Relief Options

Guide for reporting tip income. Employers and employees in the service industries that involve tipping need to comply with a unique set of tax rules. Like wages, income tax, Social Security tax and Medicare tax must be paid on tip income. Tax prof... Read More

Avoiding crowdfunding scams. In a time of need, whether due to a personal tragedy or one as a result of a natural disaster, a popular method to ask for donations is through crowdfunding such as a GoFundMe campaign through Facebook. Take the time t... Read More

States fail to overturn salt deduction. In our ongoing coverage of Tax Court issues, this case focuses on the SALT cap deduction limits.  It turns out that there is such a thing as too much SALT. U.S. District Judge J. Paul Oetken has dismissed a ... Read More

Tax relief for former citizens. The IRS announced procedures for certain persons who have relinquished or intend to relinquish their United States citizenship and who wish to come into compliance with their U.S. income tax and reporting obligation... Read More

SALT deduction cap rules finalized. The IRS issued final rules regarding the availability of charitable contribution deductions under Sec. 170 when a taxpayer makes a contribution to a state or local agency or charitable fund and receives or expec... Read More

Casualty loss deduction disallowed. This is an ongoing series devoted to Tax Court issues. Federal Tax Resolution has now added U.S. Tax Court Representation in all 50 States to our list of services. If you need Tax Resolution Services, and are un... Read More

Avoid tax traps with timely appraisal. Informed taxpayers are aware that only the wealthiest individuals should have concerns about the federal estate and gift tax, for gifts and decedents dying in 2018 thru 2025. Thanks to the legislation known a... Read More

Review of business pass thru deduction. We encounter many self employed individuals who are not taking advantage of one of the biggest tax breaks in the Tax Cuts and Jobs Act, passed recently. That is the 20 percent pass thru deduction for LLC's. ... Read More

Feds take single mom's tax refund. As she scanned the letters' black type, Alexis Patterson felt herself go numb. "The U.S. Department of Treasury--applied all or part of your payment to delinquent debt that you owe," it read. Patterson stopped re... Read More

Tax Cuts Make Small Refunds. Next year could be worse unless you act now. Ever since the Tax Cuts and Jobs Act has been passed many tax preparers have been delivering bad news to long time clients. They owe the government money. Even though the ca... Read More