Any time an individual has a financial interest in a foreign financial institution or bank account, brokerage account or other type of account they may be required to report to the IRS on an annual basis.
Tax preparation and tax filing is generally not considered a fun pastime. However, that said it is essential to file your taxes correctly and on time each and every year.
Charitable contributions can have a big impact on both personal income tax as well as the income taxes related to business owners.
While working with a knowledgeable Atlanta IRS tax attorney is always the best option for taxpayers with the tax bill, it is also important to consider where to find the money needed to pay off a text debt.
In today's increasingly complex tax environment it is more important than ever before to understand the basics when it comes to modern tax relief.
Most would agree that taxes are simply a fact of life. However, it is well worth considering a few excellent tips when an individual or business owes taxes.
Today, more than ever before consumers must deal with something known as debt cancellation.
The recent report from the Taxpayer Advocate Service (TAS) finds that victims of identity theft have to wait 180 days or more for their tax refund. The TAS notes it may be an even longer wait next year and called this long delay "unacceptable." The Internal Revenue Service (IRS) attributed part of the delay to the need to process internal paperwork before it pays the refund.
The Internal Revenue Service (IRS) announced the various inflation adjustments that take effect this year. Of the changes that will affect the most taxpayers, the personal exemption increased to $3,900, up from the 2012 exemption of $3,800.