Taxes and Tax Relief
IRS to Reject 2018 Tax Returns Without Health Insurance Disclosure
The IRS stated last week that it will not accept electronically filed tax returns in 2018 if taxpayers do not disclose information about their healthcare coverage. Specifically, they’re interested in knowing whether or not you have it. This comes as the Internal Revenue Service begins to prepare for the enforcement of the individual mandate provision […]
The IRS Seized Nearly $60,000 from an Innocent Man for Not Depositing Enough Money to His Bank Account
Estimated Reading Time: 5 Minutes The IRS and the overall government has a wide set of rules, guidelines and laws in place when it comes to banking; a lot of this is an attempt to curb criminal activity such as terrorism, drug dealing and trafficking. In an attempt to catch these types of activities, the […]
Proposed Republican Tax Plan: How it Affects You
Republicans Move Forward on Tax Reform The federal tax plan being proposed by the GOP is out now. There are some significant changes being proposed and they will affect all income levels differently. The biggest thing to note are the proposed tax breaks, through deductions and tax credits; these change how much a person owes […]
IRS Doing its Part: Tax Relief to Hurricane Victims
In the wake of tragedy, our nation always manages to come together to help those in needs. Everyone from rock stars, sports stars, movie stars, politicians, have pledged relief to those affected. Now, the IRS is doing their part to provide relief to those affected by this tragedy. The IRS announced on Tuesday that victims […]
Dirty Dozen List of Tax Related Scams
Each year the IRS publishes a “Dirty Dozen” list of tax-related scams. Here’s the list for 2015. Update 2/20/2017: For recent tax-related scams view Someone’s claiming I owe money to the IRS. Is this legit? Phone scams: Con artists impersonating IRS employees may call you, demanding money or promising a refund if you “confirm” your social security number. Remember […]
Mayweather Claims He Can’t Pay 2015 Tax Liability Until Upcoming Fight vs. McGregor in IRS Petition
Boxer Floyd Mayweather Petitions IRS: Claims He Can’t Pay 2015 Tax Liability Floyd Mayweather is set to fight the UFC Irish bad-boy, Conor McGregor, on August 26th. The fight will no-doubt be one for the books. However, for Mayweather, this fight is about much more than just getting another win in the ring. The widely […]
What’s an IRS Final Notice of Intent to Levy?
Estimated Reading Time: 7 Minutes There it is. A certified letter from the IRS, and you have a gut feeling it probably does not contain the thousands in tax refunds you’ve always imagined. Instead it’s an IRS Final Notice of Intent to Levy. What does it mean? And why are you receiving it? IRS Letters […]
How to Find Out if You Owe Taxes
Estimated reading time: 6 Minutes So you filed your taxes last month, but for whatever reason, you feel like you might actually owe the IRS taxes, rather than being issued back a return. Or maybe your situation is different. Perhaps your employer doesn’t deduct taxes from your paychecks throughout the year and you know for […]
No Longer Dead, IRS Owes Man Tens of Thousands In Tax Refunds
Declared Dead by IRS for 29 Years, Living Man Finally ‘Resurrected’ Original Article by Karen Bleier, May 10, 2017, 4:38 PM (CBS/AP) At just four years old, a Minnesota man was falsely declared dead by the IRS. Now, 29 years later and with the help of his state senator, the IRS finally recognizes that Adam […]