Did a loved one recently leave you an inheritance? If yes, you may be liable to pay taxes on the property or cash you received. If you are liable to pay taxes on the property or cash you received and you don’t pay taxes to the IRS then you maybe need to get some tax relief… Continue reading What You Need to Know About Inheritance and Taxes
Tag: #AlleviateTax
How Early Can You File Your Tax Returns?
The year is coming to an end and amidst the hustle and bustle of the holiday season sit another season of its own-tax season. The season is hopeful that this year will be gift-bearing with a nicely sized tax return, in some cases you may end up owing more to the IRS than expected. However,it is nonetheless a necessary… Continue reading How Early Can You File Your Tax Returns?
7 Ways to Maximize Holiday Donations for the Best Tax Advantages
Giving is a part of the holiday culture. In 2016, $390 billion was donated to charity and forty percent of that came towards the end of the year. If you are concerned the IRS is on your back, you may owe the IRS money or if you just are one of the many people who generously… Continue reading 7 Ways to Maximize Holiday Donations for the Best Tax Advantages
How to Write a Penalty Abatement Letter
Dealing with tax debt and the penalties that come with it can be overwhelming. The IRS estimates that the number of taxpayers penalized for miscalculating or underpaying their taxes has risen to nearly 40%, so you are not alone if you are in this situation. When you owe money to the IRS, the collection process… Continue reading How to Write a Penalty Abatement Letter
What is Tax Negotiation and Tax Relief?
As much as we endeavor to be compliant citizens and file our taxes honestly and accurately, sometimes we make mistakes in our paperwork, and key information is misconstrued. Maybe you forgot to declare some freelance income because you didn’t receive a 1099 form, tried to write-off more business expenses than the IRS would accept, or… Continue reading What is Tax Negotiation and Tax Relief?