Tax Law | 2009 Taxes

Category Archives: Tax Law

IRS Debt

August 12, 2010 – 11:09 pm

It is certainly possible for someone who is in debt to the Internal Revenue Service, to make a deal that allows them to satisfy the debt at a figure that is lower than the original figure that is due. This is certainly to the advantage of the individual who owes the debt, but quite frankly, [...]

By Steve | Also posted in Tax Preparation, Tax Relief, TurboTax, tax assistance, tax credits, tax deductions, tax forms | Tagged debt to the Internal Revenue Service, IRS Debt, reach an agreement with the IRS, Turbo Tax Federal Free Edition | Comments (2)

Tax Trouble

July 26, 2010 – 10:20 pm

Gambling is a profitable business in the United States but there are some things you should know about the tax accountability. After your big win, the IRS will get their share of your winnings. If you don\’t take care of your taxes when you win, then you could pay more later. You will pay, but [...]

By Steve | Also posted in Tax Preparation, TurboTax, tax assistance, tax credits, tax deductions, tax forms | Tagged gambling, gambling winnings, tax accountability, tax responsibility, tax trouble, taxes and gambling | Comments (2)

Tax Problem Resolution

July 22, 2010 – 11:32 pm

There is that old adage that goes ‘two things in life are for certain, death and taxes.’ However, sometimes we run into difficulty and need some sort of resolution. There are several avenues available, notably, seeking advice from an enrolled agent, getting a tax attorney or hiring a debt counseling/resolution firm, to handle your tax [...]

By Steve | Also posted in Tax Preparation, Tax Relief, TurboTax, tax deductions | Tagged enrolled agent, Tax Law, Tax Problem Resolution | Comments (1)

Settle Tax Debt

June 26, 2010 – 5:30 pm

Internal Revenue Service or IRS is a federal enforcement and tax assortment organization. Well, this agency poses harsh penalties against tax defaulters. However, sometimes, honest taxpayers also face such kind of problems. These kinds of problems generally arise when people fail to understand these laws properly. And in several situations, the approach of the revenue [...]

By Steve | Also posted in Tax Relief, TurboTax, tax assistance, tax forms | Tagged find a professional, irs, IRS tax difficulty, settle tax debt | Comments (3)

Cashing Out a Retirement Account

June 3, 2010 – 5:38 pm

The Roth IRA is a great retirement investment vehicle along with a number of other federally available retirement plans such as traditional IRAs and SEPS.

By Steve | Also posted in Retirement Savings, Tax Preparation, TurboTax, tax assistance | Tagged cashing out, distributions, hardship exemptions, retirement accounts, roth ira, tax free | Comments (2)

Types of Depreciation Schedules

May 28, 2010 – 12:33 pm

Most people that are looking for a depreciation schedule are doing so for one of two reasons: (1) They need to keep track of depreciation for IRS purposes or (2) they need to keep track of depreciation for bookkeeping purposes (yes sadly, these two are often different from each other). If you are looking for [...]