Monthly Archives: January 2021
Common Estate and Gift Tax Questions
Gift taxes apply to transfers of property, money, and assets that are made by a person during his or her lifetime. Estate taxes, on the other hand, apply to large inheritances left to an heir upon a person’s death. The overhaul to the tax code that took place in 2017 made some significant changes… Read More »
Filing a Wrongful Levy Claim
The IRS has a number of different tools at its disposal when it comes to collecting debt from taxpayers. For instance, in some cases, the IRS can actually legally seize a person’s property to satisfy a debt. Fortunately, taxpayers do not have to take the seizure of their assets lying down, so if you… Read More »
Preparing to File Next Year’s Tax Return
While tax season may still seem relatively far off, taxpayers are still being encouraged to take certain steps to prepare for the 2021 tax filing season, including gathering tax-related documentation and checking their ITINs. To learn more about the things that you can do to make the tax return filing process easier, please call… Read More »
