Tag Archives: internalrevenueservice

3 Steps for Finding the Right Tax Lawyer for Your California Business

Tax Act

Every year, businesses in San Diego come face to face with tax disputes from the IRS. And when it comes to taxes, there is very rarely such thing as an open-and-shut case. When your business is faced with anything from an audit to a battle with the IRS, it is essential to find a well-qualified lawyer to take on your case. Regardless of whether the case is minor or requires extensive documentation and work, having a well-versed California attorney on your side will ease the burden on your business to do extra tax law research, and let you get … Read more at 2008 Taxes.

When Are Taxes Due? And Other Answers to Your Tax Questions

When Are 2011 Taxes Due? And Other Answers to Your Tax Questions

Whether you file your taxes on your own or with the help of a tax professional, the entire process can leave you with questions. From trying to figure out the tax code changes between this year and the last to trying to make sense of the various deductions you can take, filing taxes is rarely ever straightforward.

Here are the answers to some of the most common questions regarding taxes:

1. When are 2011 taxes due?

While April 15 is the classic due date, you must have your … Read more at 2008 Taxes.

Finding A CPA Who Knows Real Estate Tax Laws

Tax Act

Finding a Certified Public Accountant, or CPA, who knows real estate tax laws is essential, whether you are a big investor or a small time homeowner. Why is it so important to seek out a qualified CPA? For starters, look at the U.S. Tax Code. This monstrosity spans millions of pages, and is a construct of the early 20th Century. Over the years it has grown and grown and grown, till the point that it is unstoppable, sort of like in that old horror movie “The Blob.” And many ordinary Americans are equally terrified of it. They are, because they … Read more at 2008 Taxes.

Bringing Down the Burden of Tax Debt – Offers in Compromise

Tax Act

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.

Can You Discharge Your Tax Debts In Bankruptcy Court

Tax Act

There are many debts that you can discharge through bankruptcy. Is tax debt eligible for discharge through bankruptcy? In some circumstances, a taxpayer can go to bankruptcy court and have an old tax debt discharged. There are criteria that have to be met for that to happen.

The Debt Was From A Tax Year At Least Three Years Ago

A petitioner facing a judge in bankruptcy court today would only be eligible for relief from taxes filed before 2009. Any other tax debt would be ineligible for discharge in bankruptcy court. The 36 month period starts on the day that … Read more at 2008 Taxes.

What are Our Income Taxes Used For?

Tax Act

No one likes to pay taxes. In fact, you may even wonder where your hard earned money goes. It’s especially upsetting to hear that government money was used to fund some insane research, like whether or not mice like cheese. Regardless, you have to pay them. Still, it helps to know where that money goes. This April, maybe you’ll be a bit more at ease knowing that your tax dollars are actually be used for some pretty amazing things.

How Are Federal Income Taxes Used?

It may surprise you, because our military gets paid so little, but over 50% of … Read more at 2008 Taxes.