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About Matt Robinson

Matt has been writing about business and individuals taxes for the last 10 years. He has a wide knowledge of both IRS and various state taxes. Moreover, he previously was part of an actual tax resolution firm.

Private Collection of Overdue Federal Taxes to Start This Month

past due taxes IRSIt’s already mid-April and the tax season is just about to come to a close. For those who still haven’t field their taxes, the deadline is now just a week away, unless you’ve filed for an extension. However, the deadline to file your federal income tax return is not the only significant tax event […]

April 12th, 2017|Tax News|1 Comment

IRS Offer in Compromise Acceptance Rate Hits All-Time High in 2016

The IRS recently released their annual offer in compromise (OIC) data for 2016. Although the acceptance rate fell in the fiscal year 2014 and 2015, it reached a new all-time high in 2016 with an acceptance rate of 42.86%. That is almost 1% more than the previous all-time high reached in the fiscal year 2013.

An Offer in Compromise is a “proposal by a taxpayer to the […]

April 3rd, 2017|Tax News|1 Comment

What are FICA Taxes?

estimated-taxes-dueWhen you received your first paycheck, you were probably surprised to discover that what you told you are earning, and what you actually come home with, are two different things. Due to tax withholding from your paycheck, your take-home pay is usually less than you earn.

Your federal and state income tax payments are usually withheld from your […]

IRS Adds More Staff for Audit and Enforcement

irs treasuryIn recent months, the IRS has complained that it doesn’t have the budget to properly enforce tax law or to provide adequate customer service. IRS Commissioner John Koskinen recently pointed out that budget cuts mean that the agency will be unable to replace up to 1,800 workers.

However, the IRS just announced that it […]

Winning the Powerball Jackpot: What You Need to Know About Taxes

power ball and tax implicationsWhen the Powerball prize pot reaches epic proportions (currently, it’s sitting at $1.5 billion), we all start to dream big. Whether you go to the convenience store and buy a ticket, or whether you shake your head at those who do, the reality is that you’ve probably thought about what you’d do if […]

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