Why Is My Tax Return Refund Split Into More Than One Check?

view tax refundWhen you filed your income tax returns for the past tax year, your tax preparer or the software program you were using probably gave an estimate of how much money you would receive back from the government.  You were likely very excited to receive your tax refund. You may have planned precisely how you were […]

May 2nd, 2019|Tax Tips|0 Comments

Why Private Collection Agencies Present Unique Dangers to Taxpayers

Private collection agencies are now being assigned to collect selected delinquent accounts for the IRS. These agencies have placed some taxpayers in such stressful positions that it is hard for them to meet their living expenses.

irs private debt collectorsIn 2015, Congress enacted the Fixing America’s Surface Transportation Act (FAST Act), which, among other things, required the IRS […]

April 4th, 2019|Tax News|0 Comments

Tax Breaks and Essentials for New Widows

Tax Essentials for New Widows

taxes and widowsLosing your partner can be emotionally debilitating, and on top of dealing with that aspect of the loss, you also have to handle numerous financial issues. Wondering how becoming a widow affects your income tax situation? Here’s a look at some of the essentials.

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Final Regulations for the Pass-Through Section 199A Deduction Arrive Right Before Tax Season

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The sweeping changes of the Tax Cuts and Jobs Act (TCJA) that went into effect at the beginning of January 2018 included a 20% pass-through deduction to non-corporate taxpayers with “qualified business income.” What is known as the “pass-through rules,” taxpayers can find them in 26 […]

Running Afoul of Structured Transaction Laws

structured transactions 91% of Property Seized in Structured Transaction Cases Are from a Legal Source

The Bank Secrecy Act (31 USC 5324) was passed in the 1970s to address the problem of money laundering and other crimes that require large transfers of money. Under the auspices of this act, financial institutions must report financial transactions over $10,000. […]

January 9th, 2019|Tax Tips|0 Comments