Blog
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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…
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Small Business/Self-Employed Tax: When IRS Trouble Comes
If you are in business for yourself, or you work for someone who is, know that the IRS is watching. There are three…
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Fraud and Tax Crimes: Do You Really Have to Worry?
It is a crime to cheat on your taxes. In a recent year, however, fewer than 2,000 people were convicted of tax crimes…
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Family, Heirs, Taxes, and the IRS
The tax laws contain special rules affecting folks related by blood or marriage, and people who own property together. Tax duties don’t end…
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The Taxpayer Advocate: A Friend at the IRS
You’ve tried to solve your problem with the IRS, but no one seems to want to help. So whom can you call? The…
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IRS Enforced Collection: Liens and Levies
If you don’t deal with the IRS using any of the options discussed in Chapter 6, “When You Owe the IRS,” you are likely…
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When You Owe the IRS: Keeping the Tax Collector at Bay
According to the IRS, 15% of all taxpayers owe back taxes. And this figure includes only people who have actually filed tax returns.
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Going to Tax Court: No Lawyer Necessary
You lost your audit and did not reach a settlement with the IRS on appeal. What’s next? You have two choices—you can accept…
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Appealing A Tax Audit Within the IRS
The IRS has an administrative procedure for appealing unagreed examination reports to an IRS Appeals Office. The appeals office has nearly 2,000 employees.
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Filing Tax Returns: If You Haven’t Filed and Other Concerns
Over 50% of all people file annual federal income tax returns before April 1 of each year. According to the IRS, about 10%…
