Claiming Deductible Medical Expenses: A Comprehensive Guide to Tax Deductions, Including Medical and Dental Expenses under Publication 502
Ensuring a comprehensive understanding of deductible medical expenses is particularly vital as the tax landscape may change from year to year. The Internal Revenue Service (IRS) outlines specific criteria for medical expenses eligible for deduction, encompassing a broad spectrum such as doctor visits, prescription medications, and even certain travel costs related to medical care. It […]
Understanding IRS Notice CP2000: What to Do upon Receipt
Receiving an IRS notice can be a daunting experience, especially if you’re not sure what it means or what to do next. One of the most common notices issued by the IRS is the CP2000 notice, which informs taxpayers that there may be discrepancies or errors in their tax returns. In this article, we’ll take […]
How to Negotiate with the IRS and Settle Your Tax Debt. Everything You Need to Know About Offer in Compromise, Installment Agreement and more
Paying taxes is an essential part of being a responsible citizen. However, sometimes financial difficulties can arise, leading to unpaid back taxes. The Internal Revenue Service (IRS) is known for its strict rules and regulations regarding taxes. If you face back taxes, you may wonder if you can negotiate with the IRS to reduce or settle […]
IRS Driving You Crazy? Let a Tax Attorney Save the Day
Dealing with IRS collections can be a daunting and stressful experience. The Internal Revenue Service (IRS) has the power to seize your assets, garnish your wages, and levy your bank accounts if you owe them taxes. If you find yourself in this situation, it’s essential to seek help from an experienced tax attorney. In this […]
Eliminating Tax Debt: Discharging IRS Tax Debt in Bankruptcy. Tax Law and Income Tax Debt
If you owe taxes and are considering filing bankruptcy, it’s crucial to understand how income tax debt is treated in bankruptcy. While declaring bankruptcy can provide relief from some debts, not all debts can be discharged, including tax debts. However, it is still possible to discharge some tax debts through bankruptcy. If you’re interested in […]
