11 / 05 / 21 Details Written by Angela Bryson Last Updated: 09 November 2023 Year-End Giving: Tax deduction for Charitable Donations The IRS is reminding Americans that a tax deduction will help Americans deduct up to $600 in donations to qualifying charities on their 2021 tax return.
10 / 21 / 21 Details Written by Angela Bryson Last Updated: 16 January 2023 The IRS Has Awarded New Contracts to Private Collection Agencies Private collection agencies are used by the IRS to collect overdue tax debts and the new contracts started September 23, 2021. Taxpayers with unpaid taxes may be contacted by them. The newest contracts have been awarded to CBE Group, Inc., Coast Professional, Inc., and ConServe.
10 / 11 / 21 Details Written by Angela Bryson Last Updated: 16 January 2024 Audited Taxpayers & the Right to Finality Taxpayers dealing withthe IRS have the right to finalitywhengoing through an audit. Taxpayers have the right to know when the IRS has completed the audit. This is one of the ten basic rights owed to taxpayers, collectively known as the Taxpayer Bill of Rights.Here’s what these taxpayers need to know:
09 / 24 / 21 Details Written by Angela Bryson Last Updated: 16 January 2023 National Preparedness Month - Talkin' Tax Podcast Watch this month’s podcast episode HERE !
09 / 10 / 21 Details Written by Angela Bryson Last Updated: 16 January 2023 All Taxpayers Can Challenge the IRS’s Position The Taxpayer Bill of Rights outlines fundamental rights every Taxpayer has in IRS matters. It codifies a Taxpayer’s right to challenge an IRS and be heard.
08 / 31 / 21 Details Written by Angela Bryson Last Updated: 16 January 2023 A Fresh Start – Is Individual Tax Debt Forgiven After Bankruptcy? The short answer is it depends. Although the purpose of the bankruptcy system is to give a debtor a discharge of the debts it is unable to pay and to give that debtor a fresh start – in many cases, that debtor is still liable for tax debt even after filing for bankruptcy.
08 / 20 / 21 Details Written by Angela Bryson Last Updated: 16 January 2023 Understanding Federal Tax Liens & How They Affect You Our latest episode of our podcast, Talkin’ Tax, went in depth of the difference between Liens and Levies. A lien is a legal claim against a Taxpayer’s property to secure payment of the tax debt. Meanwhile, a levy is a legal seizure of a Taxpayer’s property to satisfy a tax debt. If you want to learn more about the difference, check out our Lien vs. Levy podcast episode.
08 / 12 / 21 Details Written by Angela Bryson Last Updated: 16 January 2023 Work Opportunity Tax Credit IRS Relief Employers claiming the Work Opportunity Tax Credit (WOTC) will be provided relief by the IRS.
07 / 15 / 21 Details Written by Angela Bryson Last Updated: 16 January 2023 The 2021 IRS “Dirty Dozen” Tax Scams List The IRS has recently released its annual list of the biggest tax scams seen over the last year, and unsurprisingly, this year’s list is filled with scams built around the COVID-19 Pandemic.
06 / 17 / 21 Details Written by Angela Bryson Last Updated: 16 January 2023 Filing Payroll Taxes Electronically Makes Good Business Sense Running a business with employees can be hard work. Make it easier on yourself—file payroll and employment taxes electronically!