Foreign-Earned Income Taxation
This is a question that comes up a lot with clients that work outside of the country either during portions of the year or are full-time residents of other countries. Estimates suggest that there are around 8 million US citizens living in other countries around the world. Some American citizens are there for employment and […]
Read MoreIRS Resumes All Tax Collections and Doubles Workforce to Snag Tax Cheats
Last March the United States and the rest of the world basically came to a screeching halt. The Covid-19 pandemic swept through society forcing the biggest halt to business, government, and people’s lives in modern history. Many people were forced out of work and were in fear of not being able to pay their bills. […]
Read MoreA Guide to Avoiding, Stopping, Fighting, or Settling Tax Levies
Do you owe the IRS back taxes? If so, and you’re unable to pay the liability, you could be in danger of a tax levy. This means losing much more than money. The government has the power to claim whatever’s needed when settling tax liability. This means utilizing a tax levy to reconcile unpaid taxes. […]
Read MoreA Guide to the Innocent Spouse Relief Program
Going through a divorce or losing a spouse is a horrible experience to deal with. The emotional toll on any person is more than enough to deal with let alone the task of dealing with assets and liabilities. This situation becomes much worse if one of those liabilities is IRS tax liability. Assets and other […]
Read MoreIRS Audits: What Triggers It and What Happens
One of the biggest fears of many of my clients is the risk of a tax audit or examination by the IRS. While the actual chances of getting audited are exceptionally low, it is the last thing one wants to go through. If you are doing things correctly, then going through an audit is nothing […]
Read MoreEarned Income Tax Credit: What It Is and How to Claim It
In tough times the hardest hit is always the low-income earners in our society. This past year has been one of the toughest times this nation has ever seen. It is important at this time to know all the tax credits available when filing your return to either reduce your tax liability or strengthen your […]
Read MoreHow Solar Tax Credit Works
With the science showing indications that there is a necessity to change the way energy is provided, many people are making the change towards renewable energy. Renewable energy is useful energy that is collected from renewable resources, which are naturally replenished on a human timescale, including carbon-neutral sources like sunlight, wind, rain, tides, waves, and […]
Read More