by mariettacp | Dec 27, 2010 | Money Tips, Tax Preparation, Tax Tips
If anyone you know has failed to file tax returns when due, it’s important that they be aware of the ways to resolve such a problem. Many nonfilers missed a year for one reason or another, and now are afraid to re-enter the tax system. But in fact, taxpayers who...
by mariettacp | Dec 24, 2010 | Money Tips, Tax Tips
If the IRS is after you to collect a tax liability that’s beyond your capacity to pay, you should be aware of a technique that may allow you to settle your tax debt for a fraction of its face value. It’s called an offer-in-compromise. Like any creditor,...
by mariettacp | Dec 22, 2010 | Money Tips, Tax Tips
If you are involved in a dispute with IRS or are currently undergoing an audit, you should be aware of your rights to appeal tax determinations within IRS. This approach tends to be less costly and formal than litigating the matter in court, and often results in...
by mariettacp | Dec 20, 2010 | Money Tips, Tax Tips
If you are involved in a dispute with IRS or are currently undergoing an audit, you should be aware of your rights to appeal tax determinations within IRS. This approach tends to be less costly and formal than litigating the matter in court, and often results in...
by mariettacp | Dec 17, 2010 | Money Tips, Tax Planning, Tax Tips
Taking steps today to reduce your tax burden tomorrow is a smart way to manage your tax liability. Review your investment portfolio for opportunities to realize losses on stock while substantially preserving your investment position. There are several ways this can...
by mariettacp | Dec 15, 2010 | Money Tips, Payroll, Tax Planning, Tax Tips
Employers are exempted from paying the employer 6.2% share of Social Security employment taxes on wages paid in 2010 to newly hired qualified individuals. These are workers who: (1) begin employment with the employer after Feb. 3, 2010 and before Jan. 1, 2011, (2)...
