New Tax Breaks for Charitable Donations Everything You Need to Know
If you plan to make charitable donations this year, you can’t afford to miss out on the charity donation tax breaks available to you. Learn more about the new tax incentives you could be eligible for, and contact Tax Law Offices today! Why Should I Care? The IRS confirmed that the government is cracking down…
How To Change An IRS Installment Agreement
Can You Reduce Your IRS Installment Payment? Are you currently making payments to the IRS through an installment plan? What if your monthly payment to the IRS becomes too expensive? If it does, you may be eligible to make changes to your payment plan. These changes can include changing your payment due date, decreasing your…
Is Personal Responsibility for Payroll Taxes a Serious Legal Problem?
You may have been required to collect payroll taxes for your employees. If so, you were probably also responsible for making monthly payroll tax payments. Some business owners fail to make those payments. If this has ever been you, keep reading. In that case, an IRS revenue officer may seek to determine whether you were…
Dealing with Illinois Tax Collection Agency for Small Tax Debt
Dealing with Illinois Tax Collection Agency for Small Tax Debt If you find yourself asking, can I discharge these taxes?, read more about helpful solutions below. Illinois Department of Revenue granted several small collection firms the legal right to collect tax. In many cases, once the tax is assigned to a private collector, you may…
Monthly Child Tax Credit Payments from IRS Begin
Monthly Child Tax Credit Payments from IRS Begin Is it too late to get a child tax credit payment? From the Internal Revenue Service, millions of American families started receiving Child Tax Credit payments on July 15, 2021. These payments were authorized under the American Rescue Plan. Monthly direct deposits have already begun depositing into…
Tax Law Offices: What to Expect During COVID-19
Tax Law Offices: What to Expect During COVID-19 A lot has changed over the recent weeks. At Tax Law Offices, we are still here for you, just as before. Here’s the IRS business you should know right now: 1) IRS has not frozen direct debit payments during COVID-19. IRS will continue to debit payments from…
Do I Have to Pay My Student Loans During COVID-19 Disaster?
Do I Have to Pay My Student Loans During COVID-19 Disaster? Many are now eligible to pause payment on their federal student loans. The Department of Education announced that you may be able to pause your payments for 60 days or more. To take advantage of the payment waiver, you must take steps – the…
Is Federal Lien a Threat of Levy?
Is Federal Lien a Threat of Levy? If you receive an IRS tax lien, do you have to worry about an IRS tax levy? Here’s a quick summary of what you should do. Why Do I Even Have a Federal Tax Lien? When the IRS has been alerted that the liability will not be fully…
How Do Regular Gamblers Handle IRS?
How Do Regular Gamblers Handle IRS? Regular gamblers, gamers, off-track betters and wagers all take losses. No matter whether they file a tax return, get audited, have a tax lien, or try setting up an installment agreement, they usually get a raw deal from IRS about their gambling losses. All gambling losses should be deducted…