Earned Income Tax Credit

Surprising Tactic to Block an IRS Wage Levy

"Collection Due Process Hearing" "non-frivolous arguments" "IRS personnel" fear "criminal prosecution" Legalbear lien CDPH 26 U.S.C. § 6330(e) includes a provision that is little acknowledged and underutilized by folks facing an Internal Revenue Service wage levy of their bank account or pay. That subsection provides in pertinent part: “(e)  Suspension of collections and statute of [...]

Why Mutual Funds are Dead

For the knowledgeable, active investor who wants to participate in big picture trends, the Exchange Traded Fund or ETF Trading has many advantages over the traditional Mutual Fund. ETFs are far more transparent, efficient and economical. Using ETF’s is an excellent choice when utilizing a trend trading method. Be A Control Freak. You know it’s [...]

Donating An Old Auto To A Charity Provides Many Benefits A Part Of A Good Deed And One Of Them Is Tax Deduction – How Much Can You Write Off For A Car Donation

Automobile Donation Tax Deduction! Next to needing to make a contribution to charitable causes, perhaps your biggest motivation to give your car is the substantial tax break it can provide you with. Don’t be misled by information about your return, because the tax breaks you can get from a car donation might not be the [...]

Mortgage Forgiveness – There is Relief For Taxpayers Facing Foreclosure

Mortgage forgiveness in the case of foreclosure or short sale may create a tax bill to the taxpayer. The Mortgage Debt Relief Act was passed to help homeowners avoid the double-edged sword of losing their house and having to pay taxes on the forgiven debt amount.

Earned Income Tax Credit – Larger Credit For Lower Income

The Earned Income Tax Credit is intended to help taxpayers who work but earn only modest incomes by reducing their tax bill. The credit can apply to both individuals and families and caps out at very specific income levels based on the number of dependents the taxpayer claims. In many instances, this credit can generate a tax refund larger than what you paid in withholding taxes or give you a refund even if there was no tax due.

Want an Easy Tax Return?

I’m afraid of taxes. I’m more afraid of the IRS. I was audited last year for taxes I’d neglected to file, three years ago.

My IRS Refund – How to Estimate, File For and Track Personal Income Tax Refunds

It’s that time of year again. Your personal income taxes are coming due and the date will be here quicker than you think. Now is the time to prepare your documents, file your taxes and get your IRS refund. How much will you get back and how long it will take to get it?

The Charitable Contribution Deduction – Get a Tax Break For Your Donations

Donating to a charity may be a “feel good” deed, but donations are also a tax deductible expense. Charitable contributions are just one more way you can lower your taxes. Before taking the Charitable Contribution Deduction, remember that there are certain rules for qualifying.

You May Be Required to File an Income Tax Return

Are you wondering if you need to file an income tax return? This article will articulate many of the personal situations which could require an income tax return.

IRS Income Tax – Stop Cussing at Me

The IRS income tax was introduced back in the mid 1800′s to pay for a war. How little things change in 150 years. The biggest change is, now it is paying for 2 wars at the same time. This does not even count the war on drugs being fought in South America.

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