Truthfully speaking, a taxpayer can’t avoid his tax returns to be selected for an IRS audit. But one can minimize the chances of his returns being selected. … Read More
The Mediator of Between the Sued and the IRS
When there is a crime related to failure of paying taxes, there is one person to call for justice, it’s the IRS attorney. These IRS … Read More
Push to Simplify the Tax Code
“The Republican Party is catching flat tax fever”, Stephen Thomma of the McClatchy Newspapers. Most folks know that Herman Cain is pushing for a flat … Read More
Why Does it Seem Income Taxes are Unequal?
The latest Congressional Budget Office report revealed that the top 1% of earners, real after-tax income, jumped 275% between 1979 and 2007. The top 20% … Read More
History of the IRS Top Tax Brackets
In 1913 the Federal tax code imposed tax rates ranging from 1% – 7% with the top rate of 7% against people earning $500,000 and … Read More
Taxes Paid by the Top 1%
Today’s political climate there is a lot of debate about who should pay how much. Administration wants to impose greater taxes on the “rich”. Well, … Read More
Getting rid of income taxes in bankruptcy – 3 year rule.
Everyone knows you cannot discharge your income taxes in bankruptcy, right? WRONG. Often times what “everyone knows” is wrong. My clients tell me that their … Read More
Buffet’s Tax Return
A few weeks ago Warren Buffet made the comment that his tax rate was lower than the rate his secretary pays. This, of course, caused … Read More
IRS Changes for 2012
Since the late 1980’s the tax code has required adjustments for inflation for Federal income tax brackets. It also requires cost of living adjustments for … Read More
Do the Rich Pay More or Less Taxes? It’s So Confusing!
I spend my time solving people’s tax problems. I don’t follow politics but I can’t help but notice all of the speeches and headlines regarding … Read More