“It’s not how much you make that counts,” my father told me many years ago, “but how much you keep of what you make.” I did not really understand that old adage at the time, but he was passing on some wisdom that his father had given him. It’s just common sense, but it is … Read more
That omission translates to a figure somewhere near 5 billion in taxes owed to the U.S. Treasury Department. With a budget deficit in the trillions and rising, the IRS is expected to increase its audits of both personal and business tax returns as well as pursue greater enforced collection action against individuals and businesses using … Read more
Anything that has to do with the IRS has the potential to be a painful experience-even a 1031 property exchange. With this in mind you want to work hard to remove as much potential pain from the process as possible. There are many ways you can do this but first you might be wondering if … Read more
The best advice I ever bargain: Each was a little ‘wrong’. When the fight against the IRS on their taxes late, you may be attracted by the threat of tax privileges, garnishment of wages and imprisonment. But do not worry, a tax resolution is aware of all the types of strategies to capitalize on tax … Read more