Article by Roni Deutch The Internal Revenue Service (IRS) has implemented procedures for taxpayers to request a reimbursement of the fees charged by a bank against a taxpayer for processing a bank levy when the bank levy was issued erroneously by the IRS. Reimbursements are limited to $ 1,000.00 and must be claimed within one … Read more
Property owners of buildings and other business establishments normally sell their assets to be able to buy or upgrade to a new one. They want to reinvest their money for the purpose of making their income grow. This can also be another form of helping struggling businesses to the road of recovery. This well known … Read more
If you plan on holding real estate as an investment, whether commercial or residential, then it is essential that you learn how to minimize your taxes as you buy and sell property. One of the best ways to reduce your taxes and quickly grow your wealth is to use a 1031 exchange as you trade … Read more
The Method of IRS Bank Account Levy An IRS bank account levy or bank account garnishment is among the toughest as well as heartless recovery components utilized by the Internal Revenue Service. Should you be underneath the supposition the IRS will recognize you will not have the ability to nourish yourself or even fit a … Read more
On April 2, 2009 the U.S. Treasury rolled out a Voluntary Disclosure program (expiring on September 22, 2009). The goal of this program is to bring into the fold undisclosed foreign bank accounts and with them, a lot of tax revenue. The voluntary disclosure program is confiscatory and will be a tough pill to swallow … Read more