Archive for May, 2010
What To Do When The IRS Goes After Your Bank Account Posted By : Richard A. Chapo
It’s Friday after a long week at work. You are ready to burn off some energy and head over to the ATM to grab some cash for the night out. You put the card in the machine and it is eaten. A notice appears on the screen telling you to contact the bank immediately. You, my friend, have a frozen bank account and the IRS may be the reason why.
Tax and Business Views of Supreme Court Nominee Elena Kagan Posted By : roni deutch
By now you have all probably heard about Elena Kagan, President Obama’s nomination to replace Justin Stevens on the Supreme Court. Although her confirmation hearings have not yet began, we can make some predictions about her business and tax views.
What is the Standard Deduction Posted By : roni deutch
When you complete your federal tax return you have the option to either itemize your return, or claim the standard deduction, which is a flat amount depending on your filing status. In this new tax deduction of the week entry we decided to take a deeper look at the standard deduction.
Types of Taxes for the Individuals and Businesses Posted By : W Tsang
The concept of taxation has been in existence since the ancient period. It is an essential process that exists in every nation that makes it possible to create a stronger and better society.
Enrolled Agent Exam Review Questions Explained Posted By : Sawyer Adams
SEE statistics indicate that roughly half of the test takers will not pass on the first attempt. While difficult, the test is not impossible. The best way to prepare for the exam is to take as many SEE sample questions as possible leading up to your first SEE test date.
Get The IRS To Waive Fees On Your Offer In Compromise Posted By : Sawyer Adams
In 2003, the Internal Revenue Service (IRS) instituted a non-refundable $150 application fee to apply for an Offer in Compromise (OIC). There are a couple of ways to waive the application fee.
Understanding EA Test Questions – Qualifiers Posted By : Sawyer Adams
If you intend to pass the IRS EA exam, familiarity with the question format is important to your success. The IRS does not ask each question in the same way. On occasion, the format can be tricky, causing you to miss a question that you could otherwise answer correctly. Here is a tip you may not find in your EA training course.
Enrolled Agent Review Course – Triggers And Assumptions Posted By : Sawyer Adams
While memory is a valuable asset for the EA exam, test-taking skills can add critical points to your results. The following fundamentals will help you hone your skills.
The American Opportunity Education Credit Posted By : roni deutch
Tuition costs are rising all over the country, and with an ever-increasing unemployment rate, thousands of taxpayers are struggling to pay expensive college bills. Fortunately, over the past year the federal government has taken action to help reduce the burden of education on American families.
The American Opportunity Education Credit Posted By : roni deutch
Tuition costs are rising all over the country, and with an ever-increasing unemployment rate, thousands of taxpayers are struggling to pay expensive college bills. Fortunately, over the past year the federal government has taken action to help reduce the burden of education on American families.