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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Meeting With the IRS Before the Trial
The IRS attorney may not say so, but would probably like to settle the case, rather than go to trial. It is less work…
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What is Florida Medicaid?
Medicaid is a joint program between the federal government and individual states providing medical assistance to individuals meeting the criteria.
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Florida Nursing Home Medicaid Income
A Medicaid applicant can only have $2,313 (2019) of income in their name per month.
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IRS Tax Court: Standing up to the IRS
You lost your audit and didn’t do any better with your appeal. Before pulling out your checkbook, consider going to tax court.
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Goals During an IRS Audit
You should have two goals in every IRS audit - Minimize financial damage and Prevent expansion of the audit.
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Ignoring an IRS Tax Audit
It may not be in your best interest to cooperate in an audit. Maybe your bank records show larger deposits, or maybe you highly…
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If You Are Billed for an Audit You Didn’t Know About
Some people receive tax bills out of the blue. While the IRS must send an audit notice only to the last known address…
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How to Handle Office Audits
During an office audit, you will schedule a meeting and present the IRS auditor with a number of documents requested in advance.
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How to Handle Field Audits
The final kind of IRS audit—the field audit—is the most deadly. The name refers to the fact that it takes place outside the IRS offices.
