Recent Blog Posts
IRS Officers No Longer Permitted to Make Unannounced Visits
In July, the IRS announced a major policy change that will effectively end unannounced visits from agency revenue officers. The new policy went into effect immediately and except in a few specific circumstances, will bar IRS employees from showing up at taxpayer homes with no notice. Instead, these visits will be scheduled ahead of… Read More »
Protecting Your Personal Information During a Natural Disaster
In light of the recent storms in Florida, taxpayers across the state are being encouraged to reassess their emergency preparedness plans and as a part of this endeavor, to take steps to protect their personal and tax-related information. Read on to learn more about a few precautionary measures that you can take to protect… Read More »
Taxpayers May Qualify for Expanded Home Energy Tax Credits
Taxpayers who make energy efficient updates to their primary residences this year could be entitled to home energy tax credits, such as the Energy Efficient Home Improvement Credit and the Residential Clean Energy Credit. To learn more about who qualifies for these credits, or for help with another tax-related question or concern, reach out… Read More »
What is an Offer in Compromise?
An Offer in Compromise is a type of IRS payment plan that allows taxpayers to settle their tax debts for less than the full amount of what they owe to the agency. When determining whether someone is eligible for an Offer in Compromise, the IRS looks at a variety of factors, including the person’s… Read More »
What to Know About Traditional Individual Retirement Arrangements (IRAs)
Individual retirement arrangements (IRAs) are a type of personal savings arrangement that gives taxpayers a number of tax advantages when they set money aside for their retirement. There are a number of different types of IRAs, all of which can be set up with a bank, an insurance company, or another kind of financial… Read More »
Many Taxpayers Still Owed Refunds
According to the IRS, more than 1.5 million taxpayers are still eligible for a refund for tax year 2019, but cannot claim it until they submit a tax return for the same year. The agency estimates that these refunds total nearly $1.5 billion, with an average median refund of almost $900. In most cases,… Read More »
IRS Payment Plan Options
Fortunately, just because a taxpayer cannot pay what he or she owes to the IRS in full, does not mean that that person is out of luck. This is because the IRS offers a number of payment plan options, including both short and long-term installment agreements. We’ve included information about a few of those… Read More »
The Tax Implications of Selling Your Home
Many people relocate in the summer, when vacations make it easier to take time off from work. While relocating can be an exciting venture for a family, it can also come with important tax-related repercussions if the move involves selling their current home. For instance, taxpayers who sell their primary residences could be eligible… Read More »
Arkansas, Mississippi, and New York Storm Victims Qualify for Tax Relief
Victims of the recent storms in Arkansas, Mississippi, and New York now have until the end of July and mid-May respectively, to file their individual and business tax returns and to make tax-related payments. For help determining whether you qualify for these tax relief measures, reach out to an experienced tax attorney today. Filing… Read More »
How The IRS Will Contact You
The IRS only initiates direct contact with taxpayers in certain situations and in particular ways, namely when a taxpayer has failed to file a tax return or is struggling to pay a tax debt. Typically, taxpayers who encounter these kinds of tax issues will receive multiple letters through the mail from the agency. It… Read More »
