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 […]
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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…
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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.
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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…
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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.
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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…
