Between her two reality TV shows, clothing store DASH, and LA Laker husband Lamar Odom, Khloe Kardashian has still somehow managed to score herself a tax lien. Last time I checked, reality TV, luxury retail, and basketball all pay pretty well, but apparently just not well enough. Either that, or Khloe is just another celebrity ... Read More
Filing Taxes
Tax Preparers Must Be Registered in 2011
Beginning in 2011, the Internal Revenue Service will be changing the rules for tax preparers who are paid to complete and file an individual or a business tax return. The IRS will require all paid tax preparers to register with the agency and take tests of competency and pass successfully. The only caveat is that two competency ... Read More
Understanding Your Rights to an IRS Appeal
It is a common misconception that when it comes to the IRS, you have little or no rights concerning tax issues. With thousands of tax codes to contend with, it is not unusual for taxpayers to feel overwhelmed and intimidated by the entire tax process. While it is true that the IRS is a powerful and sometimes unforgiving ... Read More
What to Know About Receiving an IRS Notice
If you have received a notice from the IRS the first and most important thing is to not panic. Most notices are minor and should not be of long-lasting concern and many do not even require any action on your part. Here is some information that will help guide you through the process and put your mind at ease. First, read the ... Read More
How to Spot a Tax Scam and What to Do Next
In a perfect world we could be rest assured that any person, company, or offer we came across was legitimate. Unfortunately, since this is not the reality of the world in which we live, consumers across the nation must always be on the lookout for scams perpetrated by con artists. Criminals looking to make a quick buck have been ... Read More
Healthcare Bill Disaster: Send 1099s to Everyone
The IRS 1099-Misc form has always been used to track payments made from one company to either an individual or another company that are not salary-based. If you hire someone to design a website, it's a one time payment. If that payment is more than $600, then you issue that person a 1099-Misc form, and send one to the IRS, so ... Read More
Why the State Corporate Income Tax Should be Eliminated
Ronald Reagan once proposed eliminating the federal corporate income tax. That was in 1983 and the same issue has been brought back to the table; however it doesn’t seem like too many people are taking notice. What is the Deal With the Corporate Tax? Under the current tax regulations, corporate earnings are being taxed twice. ... Read More
How Does the IRS Attack Deadbeat Taxpayers?
Ever wonder what would happen if you didn't pay your taxes? When deciding which bills are the most important to pay, some people don't include the IRS as a top priority, believe it or not! Think about it – if you skip utility bills, they shut off your service. If you skip a car payment, they'll come and take your car away. When ... Read More
Filing Back Tax: A Five Step Process to Late Filing
So, you’re late on filing your back taxes and aren’t sure of how to handle it. Well, you have one of three options: file now, file later, or file never. Our advice? You guessed it, file now. Filing late back taxes as soon as possible is imperative, not only because you’re already late, but because the longer you wait, the ... Read More
What Happens After I File My Tax Return?
So, you have filed your tax return – good for you! While this is something that you need to do every year in a timely manner, just because you have filed your return does not mean that you can forget about taxes for the next 12 months. Instead, concentrate on what you need to know about what happens after you file your return. ... Read More
Tax Credits to Keep in Mind for 2010 Taxes
While it may be too late to take advantage of tax credits for 2009, now is the best time to look forward to next year. If you know which tax credits are available for 2010, there is a much better chance that you will find a way to benefit from them. Here is a list of tax credits to keep in mind for 2010: Child Care Credit. ... Read More
Start Now: Get Organized for Tax Filing in 2010
If you are like many Americans, you wait until April to start worrying about filing your taxes each year. By then, it becomes a mad dash to find all the paperwork you need to file by the April 15th tax deadline. This year – why not start now and get yourself organized for your 2010 tax filing? With just a few adjustments to how ... Read More
