1. Do not boast about how you got away with undeclared income. Ever heard of…
YOU have just received an invitation to the offices of the Internal Revenue Service. They…
YES, I know, audits are serious stuff. But they do funny stuff to people like…
YOU have one shot in asking the IRS to abate (forgive) penalties that have been…
IT’S bad enough to receive a tax bill from the IRS. It gets worse when…
1. THE failure-to-file penalty is generally more than the failure-to-pay penalty. If you cannot pay…
AS our tax laws become more complex, we find it more difficult to comply. The…
IRS penalties have been consolidated into two groups: A uniform accuracy-related penalty and a fraud…
YOUR penalties may be abated (forgiven) if you can prove Reasonable Cause. Here are some…
IS the 2020 tax deadline extended again? No. 1. Requests for more time to file…
IRS extended the federal income tax deadline from April 15, 2020 to July 15, 2020.…
WE discussed the benefits of divorce last week. Let’s discuss drawbacks this week. Medical insurance:…
WOULD you fake a divorce to save income taxes? I don’t advise it but let’s…
1. You can amend to correct a previously filed tax return Form 1040, 1040A or…
HERE are 10 tips to avoid residency audits when you move to a tax-free state:…
I would, especially if I’m retired. Would you consider moving from high-tax California or New…
PENNSYLVANIA • Retirement income: No state tax on your 401(k), IRA or pension income except…
ALASKA •Retirement income: No state tax on your 401(k), IRA or pension income. • Social…
THE IRS will never: • Call to demand immediate payment using a specific payment method…
THE following groups won’t get stimulus payments: • Children who are 17 or 18 years…
YOU probably wonder if you will receive stimulus checks. Me too. Here’s a simplified piece…
WHAT should I do to receive the stimulus check? None. You don’t need to do…
THIS article is lovingly dedicated to our fellow taxpayers who like to wait and wait…
PRESIDENT Trump signed the Families First Coronavirus Response Act on March 18 to provide paid…
PRESIDENT Trump signed the Families First Coronavirus Response Act on March 18 to bring much…
IRS extends the Federal income tax deadline from April 15, 2020 to July 15, 2020.…
HERE is a welcome new for seniors like me. Probably you too. We hate filling…
1. One big change this year is a reduction of Form1040 schedules from six in…
You fail to report investment income from interest and dividends: You must report interest and…
You deposited or withdrew over $10,000 in cash: Depositing or withdrawing over $10,000 in cash…