Tax Law

pay taxes, tax help

The Tax Court rules that creditors must have hard evidence that an obligation is uncollectable before they deduct it. Just because a creditor thinks a debt has become worthless doesn’t…

The federal government doesn’t like to wait for its money!

June 14, 2018

Law360 (June 11, 2018, 9:33 PM EDT) — Michael DeBlis That’s why it requires employers to withhold estimated income taxes — and other employment taxes — from employee paychecks and hand…

Missed the tax deadline and owe tax?

June 8, 2018

pay taxes, tax, tax law

WASHINGTON —Taxpayers who owe tax and file their federal income tax return more than 60 days after the deadline will usually face a higher late-filing penalty. For that reason, the…

IRS Offers Options to Help Taxpayers Who Can’t Pay

May 31, 2018

Options for Taxpayers Who Can’t Pay Now The IRS offers payment alternatives if taxpayers can’t pay what they owe in full. A short-term payment plan may be an option. Taxpayers…

IRS to end offshore voluntary disclosure program; Taxpayers with undisclosed foreign assets urged to

May 20, 2018

IR-2018-52, March 13, 2018 WASHINGTON – The Internal Revenue Service today announced it will begin to ramp down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close the program on…

What The 2018 Tax Brackets, Standard Deductions And More Look Like Under Tax Reform

May 20, 2018