Category: Blog

Tax Deduction and Exemption Facts Everyone Needs to Know

Almost anybody can claim an exemption when they file a tax return. This lowers the amount of taxable income. Some of the top tax deduction and exemption facts that everyone should know include: In addition to a personal exemption for yourself, an exemption is also allowed for each dependent, as long as certain qualifying factors are met. In order to claim someone as a dependent certain criterion must be met. You are almost never allowed to claim your spouse as your dependent. Any dependent claimed must have a valid social security number. Choose to electronically file your taxes. E-file is

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The IRS Takes Advantage of Taxpayers Who Do Not Know Their Rights

According to taxpayer advocate and Dallas based tax attorney Nick Nemeth the IRS takes advantage of taxpayers who do not know or fully understand their rights under the US tax code and the current laws. In this situation IRS agents may violate the rights of the taxpayer in the hope that the individual does not realize this is happening. Americans have a set of fundamental rights whenever there is a dispute or even contact with the Internal Revenue Service, but it is up to the taxpayer to know what these rights are so they are aware of it if one

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Don’t Get Suckered: Five IRS Myths Exposed

  Any taxpayer feels a bolt of fear when they look in the mailbox and see correspondence from the IRS, or when they answer a phone call and it is the IRS on the other end of the line. This government agency is the most well known, the most feared, and the least liked out of all the government agencies, and for very good reasons. The Internal Revenue Service has a variety of powers, and this agency can make the life of any taxpayer miserable when the taxpayer does not comply or understand their rights. The IRS uses fear, exaggeration,

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Enough Already… Put Your IRS Tax Controversy Behind You!

    A tax dispute with the IRS is the stuff of nightmares for a taxpayer. This agency of the government is very powerful and incredibly intimidating, and they are not above using bullying and other scare tactics in order to take every penny that a taxpayer has with all possible collection efforts allowed. The IRS can seize bank accounts, freeze assets, garnish wages and earnings, and even close down legitimate businesses and put taxpayers in jail in some situations. With all of these collection powers it is easy to see why taxpayers are fearful of the IRS. We have

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Don’t Let the IRS Pull a Fast One: Five Ways the IRS Takes Advantage of Taxpayers

  A dispute with the IRS over taxes is the last thing that any taxpayer wants to engage in. This is a government agency with a reputation for intimidation and fear tactics, and the collection process used by the IRS can be quite brutal and aggressive. On top of this the tax code is so complicated that few taxpayers understand it, and the IRS is well aware of this fact and will use it to their advantage if the taxpayer lets them. Agents for the IRS may get away with actions and threats that are not allowed if the taxpayer

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Facing IRS Controversy: Where to Begin

  Any taxpayer who has ever faced a tax dispute with the IRS understands how stressful and overwhelming this can be. Our office has seen the devastation that a tax dispute can cause, and how it can make life almost unbearable for taxpayers. No matter how bad your situation may seem it is important to remember that there is a solution available that can resolve your tax controversy with the IRS. The most important thing to remember is to face this problem and head it off early rather than ignoring the issue. You may feel overwhelmed but ignoring this situation

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IRS Tax Controversy: Six Ways the IRS Will Make Your Life Miserable if You Owe Them Money

  Few people in America would describe the IRS as a popular agency of the government, in fact this agency has some of the lowest ratings of any organization. Why is this though? The IRS has caused many lives to be ruined, and they have devastated households and families across the country. If a taxpayer owes a tax bill there are a variety of aggressive collection methods and tactics that the IRS can use in order to collect the amount that this agency claims the taxpayer owes. The IRS has a reputation as the most aggressive collection agency. When the

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IRS Tax Controversy: Three Reasons for Optimism

    Death and taxes are the two inevitable events in life, and no one wants to die but for many this may be preferable to dealing with the IRS or trying to resolve a tax dispute. That is a sad commentary on this government agency when death is more popular than the IRS. No one volunteers to be part of a tax controversy with the IRS, and no sane person would want to be caught up in this type of situation. There is reason for optimism if you find that the IRS has a tax dispute with you though,

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