Blog
-
How the Estate Tax is Calculated
Will My Beneficiaries Have to Pay the Estate Tax? The estate tax, more ominously known as the death tax, is a federal tax that is due when a deceased person’s estate exceeds a certain monetary threshold. The federal estate tax is brutal, since an estate that is subject to the estate tax will owe roughly 40% to the federal government. However, most estates are thankfully not subject to the estate…
-
Changing an Audit Form Office, Field or Mail
If visiting the IRS would cause you great hardship, you can ask that the office audit be held at your home or business.
-
Attending an Office or Field Audit
Before leaving for your tax audit — or before the revenue agent arrives at your home office— take one last look at your documents and…
-
Arguing Your Case in Tax Court
Come to court a little early; judges hate tardiness. It will also give you time to find parking and the right room, and to…
-
Appealing Your IRS Tax Audit
Appealing isn’t especially difficult or timeconsuming. Your chance of getting at least some tax reduction is great. You don’t have to hire a…
-
US Tax Law: Frequently Asked Questions
The 25 Most Frequently Asked Questions About Taxes - 1. How long should I keep my tax papers? 2. How long should I…
-
The Taxpayer Bill of Rights
In 1988, Congress passed the first of three Taxpayer Bills of Rights. It marks a victory for the little taxpayer. It levels the…
-
State Income Taxes: The Bill Comes at the End
All states except Alaska, Florida, Nevada, New Hampshire, Tennessee, South Dakota, Texas, Washington, and Wyoming impose an income tax.
-
Help Beyond the Book: Tax Professionals and Tax Information
This book gives you strategies for coping with most tax problems—audits, bills, and tax court. If you need more help, try any of…
-
Penalties and Interest: Sorting Our IRS Tax Bills
IRS-imposed penalties and interest charges are discussed throughout the book. A $7,000 tax bill can accumulate $15,000 in interest and penalties.
