Category Archives for Tax Filings

Avoid the Temptation of Tax Evasion

  • November 20, 2019

If you intentionally fail to pay taxes or underreport your taxable income, you could be charged with tax evasion. In order to be convicted of tax evasion, the IRS must show that you deliberately tried

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Violating Federal Employment Tax Rules Brings Heavy Penalties!

  • November 19, 2019

And there are many ways to incur those penalties. Violating federal employment tax rules is very serious business – and not just for employers – employees will suffer as well.Both employers and employees

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Can the IRS Garnish My 1099 Earnings?

  • July 12, 2019

Yes! IRS 1099 Non-Wage Garnishment works similarly to W2 Wage Garnishment but no employer is involved. Because of that, there are some key differences.If you owe taxes to the IRS from a prior tax year,

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Paycheck Checkup Prevents a Tax-Time Surprise!

  • July 11, 2019

It’s important to check your federal income tax withholding now to avoid an unexpected tax bill or penalty with next year’s return. The IRS Withholding Calculator can help you conduct a Paycheck Checkup.Basics

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What Taxpayers Really Think about the IRS

  • July 3, 2019

For the last two years, the Internal Revenue Service has surveyed taxpayers to find out what makes them comply with their tax obligations. The study – called the “Comprehensive Taxpayer Attitude Survey”

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Celebrity Attorney Adds Tax Evasion to His Web of Crime

  • July 3, 2019

IRS Terror Tale: Celebrity Attorney Michael Avenatti Faces a LOT of Prison Time for Tax CrimesMichael Avenatti has been a high-profile attorney for decades but only recently stepped into the public eye

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Tracking Down IRA Basis: A Gold Mine for Beneficiaries

  • May 17, 2019

No one likes to pay taxes unnecessarily, but that's what a lot of people who inherit IRAs wind up doing. Failing to track down the IRA basis associated with an inheritance can be a costly mistake.IRA basis

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10 Tax Breaks for the Middle Class

  • May 17, 2019

If you believe that tax breaks are reserved for the well-off: hedge fund managers and companies with offshore subsidiaries, you’re likely paying too much to the IRS.Lawmakers have enacted dozens of tax

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Standard Tax Deduction: How Much It Is and When to Take It

  • March 29, 2019

The standard deduction reduces your taxable income. For 2018 taxes, the standard deduction is $12,000 for single filers and married filers filing separately, $24,000 for married filers filing jointly and

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Treasury Cuts Penalties for Taxpayers Who Got Confused about Withholding

  • March 28, 2019

The U.S. Treasury Department is again reducing penalties for taxpayers who didn’t pay enough of their tax bill throughout the year.Taxpayers who paid at least 80 percent of their estimated tax liability

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