If you haven’t filed your previous year’s tax returns, you could be missing out on hundreds of dollars! The IRS says there is a total of almost $1.4 billion in income tax refunds that have yet to go unclaimed from 1.2 million taxpayers who did not file a 2015 federal income tax return. Taxpayers who are missing out on their refund are running out of time to claim their refund.
Portugal soccer star Cristiano Ronaldo’s tax troubles may finally be ending. The soccer star has reportedly reached a deal with Spanish prosecutors in his tax-evasion case. Ronaldo was accused by Spanish Authorities of evading over 14.7 million euros (equal to about $17 million) in taxes between 2011 and 2014. The authorities allege that Ronaldo set up a company to manage his image rights but then transferred the rights to a second company to confuse Spanish Tax authorities.
Tags: Tax Return, Tax, Tax Deductions, audit help, Audit, levy, tax extension, Tax Help, Tax Law, Identity Theft, Liens, Tax Court, Sales Tax, Tax Levy, Tax Lien, Taxes
Every month, our tax attorneys and case managers work hard to help our clients settle their tax liability once and for all. Some of our clients struggle with bank levies or wage garnishments, while others owe money due to owning a small business. Here are just a few of the clients we were able to help this month.
Tags: Tax Return, Tax, Tax Deductions, audit help, Audit, levy, tax extension, Tax Help, Tax Law, Tax Cuts and Jobs Act, CDP, Liens, Tax Court, Sales Tax, Tax Levy, Tax Lien, IRS Tax Lien, Taxes
It’s 2019 and that means the Tax Cuts and Jobs Act will be affecting how you file your 2018 tax return. One of the many changes that were made by the new tax reform is to Alimony payments and the deductions. We wanted to talk to you about the changes because you may have heard that Alimony is going away– well the answer is yes and no. Here is what you need to know.
Tags: tax extension, Tax Help, Tax Law, Tax Cuts and Jobs Act, Tax Court, Taxes
A new year means new tax deadlines!! Here is just a list of the major tax dates and deadlines for 2019!! Mark them down on your calendar so you don't forget!
Tags: Tax Return, Tax, Tax Deductions, Audit, tax extension, Tax Help, Tax Law, Tax Cuts and Jobs Act, Tax Scams, Tax Court, Sales Tax, Tax Levy, Tax Lien, IRS Tax Lien, Taxes
The end of the year is usually the busiest time for taxpayers. You’re usually trying to get everything wrapped up and finished before the new year begins. One thing you should put on your list for the end of the year is to start calculating your taxes and if you will owe taxes when you file. If you find out you are going to owe taxes, there are some steps you can take to lower your tax liability. Tax planning is an important part of keeping your financials in line and can help you stay on track and make filing your tax return easier.
Tags: Tax Return, Tax, Tax Deductions, audit help, Audit, levy, tax extension, Tax Help, Tax Law, Tax Cuts and Jobs Act, CDP, Identity Theft, Tax Scams, Liens, Tax Court, Sales Tax, Wedding, Tax Levy, Tax Lien, IRS Tax Lien, Taxes
Tax Audits are one of the most terrifying things a taxpayer can endure. Most taxpayers don’t know what being audited by the IRS entails and usually don’t know what to do if they are audited. IRS audits can be confusing to most taxpayers as most don’t know what the IRS is looking for when they determine who to audit each year and what they are looking for when they perform the tax audit. Tax audits can be a long and exhaustive process that examines every aspect of your financial history for the tax year in question. The average taxpayer won’t be audited in their lifetime, but that doesn’t mean it won’t happen to you. The best way to help yourself in a tax audit is to know why and what a tax audit means and to get a tax attorney to help represent you. Here is the information you need to know if you are selected for a tax audit by the IRS. Finding tax audit help can be hard but knowing the facts can make it easier.
Tags: Tax Return, Tax Deductions, audit help, Audit, tax extension, Tax Help, Tax Law, Tax Cuts and Jobs Act, Liens, Tax Court, Tax Levy, Tax Lien, IRS Tax Lien
There’s two guarantees in life; death and taxes. Taxes help pay for schools, your roads, your police and fire department and other things you use every day. Depending on where you live, you can pay income tax, sales tax, property tax, capital gains tax, inheritance tax or even estate tax. Every year millions of taxpayers file their federal tax return and pay their taxes. But for thousands of others, they either don’t file their federal tax return, or they don’t pay the taxes they owe. This can be for several reasons, either they don’t have the money to pay, they forget, or they don’t know how to file their tax return. Not filing your tax return and not paying the federal taxes you owe, can create a large tax debt and make you put into collections with the IRS. This can lead to IRS garnishments such as a bank account levy, a wage garnishment, Social Security garnishment or lien. Here’s what you need to know about tax law and how it affects you.
Tags: Tax Return, Tax, Tax Deductions, audit help, Audit, levy, tax extension, Tax Help, Tax Law, Tax Cuts and Jobs Act, CDP, Identity Theft, Tax Scams, Liens, Tax Court, Sales Tax, Tax Levy, Tax Lien, IRS Tax Lien
You don’t have to be tied to one place for a job anymore! A new popular trend is being a digital nomad! People are taking advantage of being able to do their job from their computer without having to be in an office. More and more people are living in places farther from their actual office and working remotely. Now living in Spain while you work for a company based in New York may sound great, but it is important to think of the tax implications of doing so. If you retain your U.S. citizenship, Uncle Sam will still want you to pay taxes on your income. Luckily, the process for filing your federal income tax return and paying your taxes is the same whether you live in Kansas City or Rome. You just have to remember to do both tax returns and on time!
Tags: Tax Return, Tax, Tax Deductions, tax extension, Tax Help, Tax Law, Tax Cuts and Jobs Act, Tax Scams, Tax Court
Every election, thousands of taxpayers support their candidates in several different ways. Taxpayers may wear clothes promoting their candidate or put their signs in their front yard, others will make a financial contribution to their candidate’s campaign. Now although the contribution may seem like a donation to you, it is important to know that political donations are not tax deductible. So it’s important you don’t try to deduct any political contribution on your income tax return.
Tags: Tax Return, Tax, Tax Deductions, Tax Help, Tax Law, Tax Court