IRS Tax Planning Ideas, Tips & News

How many times has the executor of an estate say upon the death of a parent that an estate tax return was not required to be filed for the deceased parent because the value of the estate was less than … [Read more...] about PORTABILITY OF DECEASED SPOUSAL EXCLUSION ESTATE TAX ELECTION

Taxpayers who do not use a tax professional for tax preparation, tax planning or tax debt relief  and who have depended upon IRS assistance to prepare their own tax returns or to resolve their IRS … [Read more...] about IRS CUSTOMER SERVICE ISSUES

A tax professional often learns when providing tax preparation or tax planning services to a business owner that the owner has misclassified employees as independent contractors. Workers classified as … [Read more...] about WORKERS CLASSIFICATON MYTHS

A tax professional is often asked when providing tax preparation or tax planning services as to the tax consequences when an employer compensates an employee. There are three basic types of benefits … [Read more...] about COMPENSATING KEY EMPLOYEES

The tax law is constantly changing. While Congress talks about tax simplification, the complexity of the law continues to escalate. The law has become so complex that even those who specialize in tax … [Read more...] about TAX TRAPS FOR THE UNWARY

There is value to having a tax professional handle complex tax preparation and tax planning issues. We have heard many a taxpayer who has IRS debt problems say that rather than paying a fee to a … [Read more...] about ATTORNEY MAKES INVALID OFFER IN COMPROMISE (OIC) TO IRS