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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Assets that are Exempt for Florida Nursing Home Medicaid
To be eligible for Florida Medicaid, an applicant can only have $2,000 (2019) in assets in their name.
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How IRS Appeals Work
The appeals mission is to resolve tax controversies, without litigation, on a basis which is fair and impartial.
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How an Auditor Prepares for an Office or Field Audit, Part 1
The IRS knows well the truth of the words of a Supreme Court Justice that “a person can be defined by the checks he writes.”
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How an Auditor Prepares for an Office or Field Audit, Part 2
If the revenue agent is not satisfied with what you have provided the IRS may issue something called a summons.
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FOIA Request – Getting the Auditor’s File
You are entitled to a copy of almost everything in your IRS auditor’s file under the Freedom of Information Act, or FOIA.
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Finalizing an IRS Appeal
You may not walk away with a deal from the appeals officer at one sitting. The officer may want more documents from you or…
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Example of an IRS Appeal
The law says that a sideline business loss can produce a tax write-off as long as the business owner is honestly trying to make a…
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Ending an Office or Field Audit
Generally, there is no stopping an audit once it begins. Once the IRS sends an examination notice to your last known address, the audit…
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Correspondence Audits and Other IRS Notices
If visiting the IRS would cause you great hardship, you can ask that the office audit be held at your home or business.
