The first question is: are you sure you really owe this money? A lot of times, you owe only because you did not file your tax return, or because you made a mistake on this return, or because the IRS made a mistake. If you never filed a return – file it as soon as …
[…] The tax liability on short sale starts with one fundamental question: what was your gain (or loss) on the short sale itself. This question has nothing to do with the shortage. It has to do with what you paid for the property originally, including […]
[…] it takes an IRS agent less than a minute to initiate Federal tax lien and file it with your county. Once filed, forget selling or refinancing. You need to work with the IRS first. So, what exactly did the IRS do to relax this burden? They doubled […]
[…] In small companies, you get to know the person who does your tax return. This person still may or may not be good, but once you check him or her out, you have some comfort. Also, make sure to [ Read More…]
[…] the most important factor is whether they control how you do your work. Part-time, providing computer and other factors matter too, but not as much as who decides how the work should be done […]
[…] The IRS offers a loophole. If your parents once upon a time initiated their common law marriage in a state where it was recognized, they would be considered legally married by the IRS, even while living in California. The way it works […]
[…] By the time you file your tax return, the IRS already knows a lot of the information that you are asked (forced?) to submit. How? Simple! Businesses report all the taxable transactions not only […]
[…] costly mistakes based on irresponsible advice from consumer publications, because, as a rule, the advice is incomplete and cannot be applied without analyzing the reader’s particular financial situation […]
[…] situations when basic understanding of taxes is not enough. If any of the following applies to you, I’d recommend that you consult a tax professional: Business or self-employment income […]
[…] even if they can agree which one is the most fair approach, we will never agree on the implementation. How do we count how much money each of us has? How do we measure consumption? How do we prevent […]
