Tax Legal Guides (194 found)

Written by Henry Daniel Lively
This guide explores whether tax planning is legal.
Posted about 1 month ago in Tax. Jurisdiction: Federal

Written by Joseph Adelizzi
You can save for retirement in a 401(k), TSA or an IRA, and “temporarily” defer taxes on both your deposits and your earnings in such accounts. But when you retire, you will have to pay taxes on all of that money and on all of the income it generates.
Posted about 1 month ago in Tax. Jurisdiction: Federal

Written by Henry Daniel Lively
This Guide helps you to determine the Tax Basis in your home.
Posted about 1 month ago in Tax. Jurisdiction: Federal

Written by Donald Erich Lowrey
When you have an IRS tax problem, who are you going to call? You can choose between several different types of tax professionals to represent you. This article discusses the differences between an Enrolled Agent, CPA, and a Tax Attorney
Posted 17 days ago in Tax.

Written by Henry Daniel Lively
This guide describes how to save on your taxes before the end of the year
1 of 1 users found this helpful. Posted 14 days ago in Tax. Jurisdiction: Federal

Written by Henry Daniel Lively
This guide addresses the step to take to correct a tax return that was filed for you by the IRS, otherwise known as a "Service Prepared" return.
Posted 9 days ago in Tax. Jurisdiction: Federal

Written by Henry Daniel Lively
This guide discusses the use of a Section 6166 election to defer the payment of estate taxes.
Posted about 1 month ago in Tax. Jurisdiction: Federal

Written by Albert T. Gavalis
You receive an IRS letter in the mail and are bewildered. Take heart, the IRS is a big organization and they probably overlooked information not made readily available to them - especially in the area of 1099 stock trades where they only have "basis" or purchase-price information if you provide it.
Posted about 1 month ago in Tax. Jurisdiction: Federal

Written by Henry Daniel Lively
This guide describes how to treat a short sale for tax purposes.
1 of 2 users found this helpful. Posted 23 days ago in Tax. Jurisdiction: Federal

Written by Shawn P. Eyestone
Upon the formation of an entity, be it a sole proprietorship, partnership, limited liability company, corporation, etc., many businesses desire to have a tax identification number separate from their personal social security number or different between entities to use for banking, employment, etc.
Posted 4 days ago in Tax. Jurisdiction: Federal

Written by Avvo Staff
The estate, or inheritance, tax is a tax paid to the federal government, and sometimes state governments, on high-value estates after a person dies.
1 of 1 users found this helpful. Posted about 1 year ago in Estate Planning. Jurisdiction: Federal

Written by Adam Augustine Carter
Under the IRS Whistleblower Program, individuals who provide detailed, specific evidence exposing tax fraud may receive a financial award of up to 30 percent of the proceeds recovered by the IRS.
Posted about 1 year ago in Fraud. Jurisdiction: Federal

Written by Leon D Bayer
Delinquent income taxes may be discharged in bankruptcy, if the right criterea apply. This guide will give you a general idea of what is required to discharge income taxes in a bankruptcy case. Caveat: Always check with an expert before making decisions or taking any action.
2 of 2 users found this helpful. Posted about 1 year ago in Bankruptcy / Debt. Jurisdiction: Federal

Written by Kent Anderson
When an individual files a bankruptcy under Chapter 7 or Chapter 11 an election to split the tax year is possible under certain circumstances. 26 USC §1398 allows an individual debtor to terminate the tax year as of the day before the bankruptcy was filed.
1 of 1 users found this helpful. Posted 5 months ago in Bankruptcy / Debt. Jurisdiction: Federal

Written by Michael David Coffman
US Taxpayers with cumulative overseas bank and securities assets in excess of $10,000 must file forms with the Department of Treasury. The due dates for these forms are different from those required for tax forms, and the penalties for failing to file can be significant.
Posted about 1 year ago in International Law. Jurisdiction: Federal

Written by Bruce Givner
Congress added Qualified Personal Residence Trusts ("QPRTs") to the law in 1989. A QPRT is designed to transfer the principal residence, and up to one vacation residence per parent, to the children at a reduced - and usually no - gift tax cost. It also effectively protects the home's equity.
5 of 7 users found this helpful. Posted about 1 year ago in Estate Planning. Jurisdiction: Federal

Written by Igor Drabkin
In order to protect payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes, Congress passed a law that provides for the Trust Fund Recovery Penalty (“TFRP”).
Posted about 1 year ago in Employment / Labor. Jurisdiction: Federal

Written by Sidney Joseph Diamond
Income taxes are dischargeable in bankruptcy general when they are over three years old.
0 of 2 users found this helpful. Posted about 1 year ago in Bankruptcy / Debt. Jurisdiction: Federal

Written by Laurie Glandt Steiner
It's easy to make a gift of assets to your children without paying any gift taxes. Many people don't know the rules. But you can! Read this guide.
7 of 7 users found this helpful. Posted 11 months ago in Estate Planning. Jurisdiction: Federal

Written by Douglas L. Kaune
The following are key 2009 income and estate tax numbers that might be helpful. Also shown are the 2008 numbers to demonstrate if there has been an increase, decrease or status quo.
1 of 1 users found this helpful. Posted 11 months ago in Estate Planning. Jurisdiction: Federal