Tax Relief Options

Tax treatment of state and local tax refunds. In IRS Rev. Rul. 2019-11, the Internal Revenue Service addressed how the long standing tax benefit rule interacts with the new $10,000 limit on deductions of state and local taxes to determine the p... Read More

I owe how much in taxes ? As the Tax Cuts and Jobs Act unfolds, and tax returns get filed, its becoming apparent that in certain situations, taxpayers are actually owing more in tax, not getting that anticipated refund that the President spoke of... Read More

How to get IRS tax refund fast ? Well that did depend upon whether the government shutdown was going to drag on, but then the government found a way to fund that part of the IRS that processes tax returns. Seems like even in the political shutd... Read More

Tax refunds this winter unlikely. It's unfortunate that the IRS has been furloughed, because an awful lot of low income households rely on the Earned Income Credit to help them get through the winter. With the holidays behind them, millions of ame... Read More

Five tax deductions for savings. The Tax Cuts and Jobs Act made the most sweeping changes to the U.S. tax code in several decades, and the first time most Americans will really feel its impact is when they file their 2018 tax return sometime in 20... Read More

Year end tax strategies for 2018. Fine tune your payroll tax withholding. The Tax Cuts and Jobs Act changed individual income tax rates and the income tax brackets. The IRS recommends that you verify your payroll withholding amount to avoid any su... Read More

Americans filing more bankruptcy. It seems that the golden years of many Americans have been tarnished. Despite an economic boom, people 65 and older are filing for bankruptcy in record numbers, and the trend is likely to continue, according to ne... Read More

Americans moving due to taxes. is increasing here in the U.S., due to increased taxes, at both the national, city, and state level. Yet most do very little planning to determine the implications of moving to a foreign country, the new tax laws of ... Read More

Tax Deductions. IRS publication Topic 502 has a summary list of new medical expenses that are allowed under the new tax law recently passed. These tax deductions are subject to certain limitations, so be careful to check with your tax preparer or ... Read More

Offer in Compromise. Having been in the Tax Resolution Services business for a tad over 28 years, when only two tax resolution companies existed, I have seen alot of change in this industry. Some good and some bad. But all the while, we have kept ... Read More