Settling Tax Debt- Making an Offer in Compromise
Taxpayers who owe money to the IRS often feel helpless and procrastinate, waiting for the IRS to force collection. There are many ways that a taxpayer can take the [...]
The Tax Cuts and Jobs Act, Part 2: Pass-through Income Deduction
There is an old saying that you cannot eat an elephant in one sitting, so over the next few blogs, I am going to take apart the new [...]
Tax Reform Law Has Passed Congress
The new tax reform law has passed Congress and is awaiting the President’s signature! There are a lot of Christmas goodies in the new law, but a few lumps [...]
Tax Reform: The Conference Committee
The Conference Committee has reached a deal on tax reform! The bill will now go to the full House and Senate where it is expected to pass. I will have [...]
Defining Your Charitable Contributions
From the Desk of Lauran L Stevenson Defining Your Charitable Contributions In recent years, there has been an influx of options available for charitable giving and gift giving to online [...]
The IRS’ Heavy Reliance on the Online Account Benefits
From the Desk of Lauran L. Stevenson The IRS’ Heavy Reliance on the Online Account Benefits In December of 2016, the IRS launched a new taxpayer service that is supposed [...]
The New Illinois Tax Hike
From the Desk of Michael T. McCormick The New Illinois Tax Hike Illinois budget legislation has been enacted over Gov. Bruce Rauner’s veto that increases corporate and personal income tax [...]
Taxpayer Advocate Service Mid-Year Report to Congress
From the Desk of Lauran L. Stevenson Taxpayer Advocate Service Mid-Year Report to Congress This week’s post will introduce the Fiscal Year Objectives Report to Congress. This report presents a [...]
When the IRS Knocks
From the Desk of Lauran L. Stevenson When the IRS Knocks The IRS has created a special new page (“How to know it’s really the IRS calling or knocking on [...]
What to Do When an IRS Letter Arrives: “Tips” from the IRS
From the Desk of Lauran L. Stevenson What to Do When an IRS Letter Arrives: “Tips” from the IRS Recently, the IRS issued several tax tips on how to handle [...]
Private Collection of Some Overdue Taxes
From the Desk of Lauran L. Stevenson Private Collection of Some Overdue Taxes Starting this month, the IRS will begin sending letters to a select group of taxpayers whose overdue [...]
Tax Refund Offset Pay Unpaid Debts
From the Desk of Lauran L. Stevenson Tax Refund Offset Pay Unpaid Debts If you cannot pay your taxes in full, the IRS will work with you to resolve your [...]