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IRS Tax Lawyer Due Diligence

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IRS Tax Lawyer Due Diligence

Tax attorneys can help people with IRS problems. The IRS is always willing to work with the tax payer to get issues resolved. But most people need professional representation because of the complex rules and regulations involved in most tax matters. An experienced irs tax lawyer will have a complete understanding of the applicable rules and regulations as well as the internal workings of the IRS. The typical tax payer that tries to go it alone will spend a lot of time talking to people at the IRS and get nothing … Read more at 2008 Taxes.

Lauryn Hill Fails To Fulfill Her Free Federal Tax Filing Obligations

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Lauryn Hill is charged for not filing free federal tax returns

On Thursday the U.S. attorney’s office in New Jersey publicized that the Eight-time Grammy award winner, Lauryn Hill, was charged because of her inability to file income tax returns with the IRS for several years.

Free Federal Tax Filing

Lauryn hill’s main source of income is the royalties she gets from the recording and film industries. Between 2005 and 2007, she earned more that $1.6 million and these are the years she failed to oblige to her free federal tax filing obligations. According to the court documents, she is … Read more at 2008 Taxes.

Bringing Down the Burden of Tax Debt – Offers in Compromise

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People all over the world are struggling with debt in the current global financial climate. For most people these debts will be to do with credit cards and loans, or having over-extended on a mortgage. For a small number of people however, it will be large tax debts owing that are causing them trouble. And often these debts can be just as stressful and just as crippling, with the belief that there is nothing you can do when you face going under, simply because you are dealing with the IRS. To a certain extent this is true – the IRS … Read more at 2008 Taxes.

Taxing the Sin of Luxury

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The luxury tax and it’s close relative the sin tax are concepts that are up for debate. Depending on which economist you speak to you will get a wide range of opinions on whether this type of tax is helpful or hurtful to the economy. The luxury tax pretty much affects only the wealthy (i.e. those who can afford to buy luxury items) and consist of a tax that is applied to goods that are deemed unnecessary or nonessential. The sin tax applies to things can be seen as extreme, sinful and unnecessary to the individual and to society, like … Read more at 2008 Taxes.

Proper Bookkeeping for a Solid Business Future

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Business owners would agree that a proper bookkeeping system is not only essential, but it’s also the foundation that will secure your company’s financial future.

Running a business means more than just keeping your clients happy; it requires proper systems that are in place to secure your company’s future, whether this is looking after your employees, providing top-notch customer service, or maintaining a decent set of books. Bookkeeping is one of the most important aspects of managing an organization and failing to look after this important part of your office can ultimately lead to a financial disaster.

The Basics of Read more at 2008 Taxes.

Seven Great Ways to Get an IRS Audit.

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If you really, really want an audit, the following list will show you exactly how to get one:

(1) Get Paid in Cash – If you’re a waiter or waitress, market trader or professional gambler, then you get paid in cash a lot. To the IRS this means you have an opportunity to hide some of that cash. This makes you a more likely target for an audit.

(2) Get Yourself a Bank Account in Another Country – Nothing makes them more keen on going through your finances than you stashing some of that lovely money in a foreign country. … Read more at 2008 Taxes.

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