The Internal Revenue Service has issued a notice that provides some tax relief for taxpayers that received an over payment of premium tax credits for … Read More
POTENTIAL FINES AT TAX TIME
Uncle Sam could take a bigger bite at tax time for those tax payers Who received too much government help in 2014 with their Obama … Read More
IRS FREEZES CREDIT ACCOUNTS
The IRS sometimes freezes taxpayer’s accounts through a special coding system that they use in their computers. Taxpayer accounts which are in “credit status” are … Read More
IRS RULES ON GIFT GIVING FOR YEAR END
The Internal Revenue Service has issued a reminder to individuals that there are many important tax law provisions which have recently gone into effect regarding … Read More
TAX FRAUD IN TEXAS
Jaqcueline and Gladstone Morrison operated a tax prep business known as Jaqueline Morrison Associates in Arlington, Texas and Fort Worth, Texas. A federal court found … Read More
OIC GAINING GROUND
I have repeatedly been asked by tax professionals (tax lawyers, accountants, and tax preparers) if Offer in Compromise is for real. In fact many of … Read More
IRS adjusts tax rates and deduction levels for 2015
The internal Revenue Service just issued an announcement regarding their annual inflation adjustments for 2015. This announcement affects many tax provisions but specifically the tax … Read More
OBAMACARE MAY AFFECT YOUR TAXES
The national conference of CPA practitioners is warning that the Affordable Care Act, also known as Obamacare, may have a negative impact upon millions of … Read More
CONGRESS LETS TAX BREAKS EXPIRE
It happens every year. Congress lets popular tax breaks expire. This year, Congress is letting a package of 55 popular tax breaks expire at the … Read More