Should you refinance? What if you owe the IRS tax debt? What is a Refinance (Refi)? When you refinance your home, you are getting a new mortgage to pay off your existing mortgage. Why … [Read more...] about Refinancing Considerations
IRS Tax Planning Ideas, Tips & News
Cryptocurrency Tax Reporting Reminder
As more individuals invest in cryptocurrencies (digital asset market exceeded $2 trillion in 2021), it is important to remember that trading and paying for goods in these currencies is a taxable … [Read more...] about Cryptocurrency Tax Reporting Reminder
IRS Is In Crisis Mode
This comes as no surprise to taxpayers and tax professionals. Now the IRS's Internal Watchdog has issued a warning. It likely is going to get worse! Who Is the IRS Watchdog? The Taxpayer … [Read more...] about IRS Is In Crisis Mode
Retirement Planning – Health Savings Account (HSA)
Kiplinger published on January 5 an article by Kevin Webb, CFP, about using HSA accounts to fund retirement. Déjà vu: Our July 5, 2016 Blog Discussed this Strategy. When financial advisors … [Read more...] about Retirement Planning – Health Savings Account (HSA)
Taxpayer Options When You Owe the IRS & Receive Notice of Intent to Levy
Once the IRS makes an assessment against a taxpayer, it is required to send a series of notices to the taxpayer before it takes enforced collection action. Substitute for Return When a … [Read more...] about Taxpayer Options When You Owe the IRS & Receive Notice of Intent to Levy
Mailing Woes – Burden of Proof is on Taxpayer
Failure to follow IRS mailing rules causes taxpayer to lose refund claim. Facts: Crispino vs. US The Crispino v US federal district court case in New Jersey addresses some very … [Read more...] about Mailing Woes – Burden of Proof is on Taxpayer
