There's something official about filing tax returns that makes them seem set in stone. But tax returns are amendable - and not just by the IRS. Just as the IRS can reach out to you to check on certain details or request certain forms, you can also amend your tax...
Estate And Tax Planning Law Firm
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Options for addressing tax liens
Now that “refund season” has come and gone, taxpayers who did not have the fortune to have an income tax refund check may confront the possibility of owing money to the federal government. Indeed, most people know that the interest and penalties accrue on unpaid...
Failing to file: what happens when you don’t send in your return?
When February turns to March and March turns to April, everyone starts thinking about their taxes. Those months have come and gone this year, but in the build-up to Tax Day, it is understandable for many taxpayers to think "yikes, I wish I could just not file taxes!"...
Need some inspiration to get your tax return filed?
Federal tax returns are due in about a week. If you've been putting off preparing yours, you're certainly not alone. Many Americans wait until the last minute - which has become easier to do with the plethora of e-filing options now available.Still, if digging into...
Millennials often face more complicated taxes than their parents
If you are young and feel completely in the dark about taxes, you are not alone. Each generation struggles to become financially literate once they leave school and enter the workforce. And as time goes on, the U.S. tax code becomes ever longer and more...
Time is running out for collecting unclaimed refunds
The slogan "it's refund season" is not lost on millions of Americans this time of year. The anticipation of a refund from the federal government causes scores of people to file their income tax returns. After all, a tax refund check is arguably the largest...
Preventing IRS scams more difficult with third-party collectors
Last week, we wrote that IRS-related tax scams have risen by 400 percent this year. In response to the high rate of scammers claiming to represent the IRS, the real IRS has been trying to educate the public about what the agency's actual protocols are for collecting...
Tales of creative tax deductions (warning: results not typical)
Earlier this month, we wrote about some of the weirder sources of income that all of us are technically supposed to report to the IRS. Naturally, it is frustrating to learn that your tax liabilities could be even higher than they already are (even if most of the...
California’s new ‘transfer on death’ deed: How does it work?
For most of us, there are no satisfactory alternatives to estate planning. It is almost always the best way to ensure that your property and assets go where you want them to, and that your end-of-life wishes are recorded and honored.But estate planning may not seem...
The weird list of income sources the IRS wants you to report
Federal tax returns are due in about two months. If you work a job that takes care of income withholding throughout the year, chances are good that your taxes will not be very complicated. If you are an independent contractor or run your own business, however, filing...
