Earned Income Tax Credit

Wage Garnishment, What is It?

A wage garnishment is a levy that the IRS has a right to issue to an employer of a taxpayer who owes the IRS money. The IRS must give proper notice to a taxpayer before it can actually issue the levy. Proper notice constitutes several form letters ending with a letter with a Final Notice of Levy attached. Once the notice has been sent to the taxpayer, the IRS can issue a garnishment after 30 days from the date of the letter.

IRS Tax Resolution Companies – Watch Out For Hidden Fees!

If you recently filled out a form on line searching for tax help, you’ve probably gotten bombarded with calls. All of them are from tax resolution companies claiming they can help you with your tax issue. But unfortunately, the world we live in is no longer safe from scamming companies. There are some things to look out for when deciding what tax resolution company is best for you.

Getting an IRS Tax Debt – Know the Consequences

So you filed this year and found out that you owed the IRS money. For one reason or another you couldn’t pay it, so you tried to ignore it. A few weeks go by and you get a certified letter. This is the beginning of a nightmare. The IRS will send you an initial letter that states you owe them a certain amount and that you must pay it within 30 days. If you continue to ignore the problem, you’ll get another letter.

IRS Tax Debt – What Happens If I Don’t File?

you didn’t file this year. It could be because you forgot, or maybe something was financially keeping you from doing so. Or maybe you just didn’t want to file because you thought you could beat the system. Unfortunately to the IRS, they don’t really pay attention to why you didn’t file. All they know is you didn’t and you’ve just given them the green light to attack. Well it’s important to know exactly what happens when you don’t file.

Tax Relief Calculator- Related Guidepost For Savings in Taxes

If you are searching for information related to tax relief calculator or any other such as tax relief for a low income tax calculating, New Hampshire real estate agent, dividend tax or small business tax relief act of 2008 you have come to the right article. This piece will provide you with not just general tax relief calculator information but also specific and helpful information. Enjoy it.

Businesses Should Consider Non-Qualified Deferred Compensation Arrangements

“Non-qualified deferred compensation” may should like a term that only a tax attorney could love, but, in actuality, it is a term that businesses should love just as much. Non-qualified deferred compensation allows businesses to recognize significant tax savings. This article describes how.

IRS Tax Debt – If Capone Can’t Dodge It, Neither Can You

Alphonse Gabriel Capone, notoriously known as “Scarface,” ruled the streets of Chicago for over a decade (1919 – 1930) During these years, Capone rose to power through any means necessary, which included but was not limited to: bootlegging, gambling, prostitution, assault, theft, arson, and murder. When Elliot Ness brought down Capone in 1930, the authorities did not have enough evidence to charge him with any of the above incidents. However, it is no surprise that the most famous Gagster in American History was arrested and jailed solely for income tax evasion.

Home Office Deduction – Legally Entitled Tax Strategies

Since you don’t have a big ivy league tax consultant it shouldn’t be a crime to keep your hard earn money. Home Office Deduction is as simple as 123. Learn what the IRS doesn’t want small business owners to know…

Tax Treatment of Limited Liability Company

LLCs enjoy very favourable tax treatment. They don’t have their own set of tax rules and there’s no such thing as an LLC tax return. What makes them special is that members can choose how the business is taxed.

How to Deal With C Corporation Tax

Using a C corporation can actually save you tax if you need to keep money in the business to help it grow, for example if you need money to buy inventory or fund a marketing campaign. This is called income splitting because instead of having all the income taxed in your hands at rates of up to 35% you can keep some in the corporation where it will be taxed at rates as low as 15%.

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