Category Archives for Tax News
Can the IRS Garnish My 1099 Earnings?
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,
Read MorePaycheck Checkup Prevents a Tax-Time Surprise!
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
Read MoreWhat Taxpayers Really Think about the IRS
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”
Read MoreCelebrity Attorney Adds Tax Evasion to His Web of Crime
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
Read MoreTracking Down IRA Basis: A Gold Mine for Beneficiaries
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
Read More10 Tax Breaks for the Middle Class
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
Read MoreTreasury Cuts Penalties for Taxpayers Who Got Confused about Withholding
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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