Taxpayer beware – mail your own tax check in

TAX PREPARER PLEADS GUILTY TO FRAUD AND TAX EVASION NEWS RELEASE SUMMARY - March 8, 2010 United States Attorney Karen Hewitt announced that today tax return preparer David Canales pled guilty before United States District Court Judge Thomas J. Whelan

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Posted in Tax Court, Tax Fraud, Tax Guidance & Preparation, Tax Preparer, Tax Problems & Requests, Tax Relief

Child and Dependent Care Credit

Did you pay someone to care for a child, spouse, or dependent last year? If so, you may be able to claim the Child and Dependent Care Credit on your federal income tax return. Below are the top 10 things

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Posted in Child Tax, Children, Dependent, Tax Credit

Child Tax Credit Facts

The Child Tax Credit is a valuable credit that can significantly reduce your tax liability. Here are 10 important facts from the IRS about this credit and how it may benefit your family. Amount - With the Child Tax Credit,

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Posted in Child Tax, Children

Mortgage Debt Forgivness

If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you

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Posted in Debt, Mortgage

Federal Payment Levy Program FPLP

In July 2000, the IRS, in conjunction with the Department of the Treasury, Financial Management Service (FMS), started the Federal Payment Levy Program (FPLP) which is authorized by Internal Revenue Code Section 6331 (h), as prescribed by the Taxpayer Relief

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Posted in IRS Levy, IRS Lien, Paying Taxes

Abusive Home-Based Business Tax Schemes – Misuse of the Law

The IRS has uncovered a number of schemes that claim to allow deductions for personal living expenses. Taxpayers should consider these points before investing in a possible abusive scheme: Any investment scheme or promotion that claims to allow a federal

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Posted in Abusive Tax Shelter, Back Taxes Owed, Home Office, Self Employ, Small Business

1099-A-Foreclose of house

When a house is foreclosed upon by the bank, the owners typically receive Form 1099-A from the lender showing several pieces of relevant information. The information on Form 1099-A will likely be needed to report the foreclosure properly on your

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Posted in Foreclosure

Tax Exemption Questioned for Christian Congressional Man Cave

New York Times editorial, Render Unto C Street: It is not unusual for members of Congress to arrange group rentals in Washington to share housing costs and, for some, underline their continuing “outsider” status. What is highly unusual, and unjustifiable,

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Posted in Abusive Tax Shelter, Charitable Contribution, Tax Fraud, Tax Guidance & Preparation, Tax Problems & Requests

Oddball Tax Deductions

ACK: Kiplinger 1. A sex-change operation. A man who felt he was a woman trapped in a male body was diagnosed with gender-identity disorder. This transgender taxpayer wanted to deduct almost $22,000 in out-of-pocket medical costs for multiple surgeries, including

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Posted in Deductible Expense
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