Blog Posts in February, 2018

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  • When Do I Use IRS Form 843 For A Tax Abatement?
    When Do I Use IRS Form 843 For A Tax Abatement?

    When you owe money to the Internal Revenue Service (IRS), you are likely looking for any possible solution to resolve the situation and move on with your life. Owing tax debt to the IRS can be an ...

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  • "Tax Pyramiding" Will Land You In Hot Water With The IRS

    While there are countless types of taxes that individuals and businesses must be aware of, some types are subjected to greater scrutiny than others when dealing with the IRS. This is true for ...

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  • The IRS Statute Of Limitations Doesn'tApply To Unfiled Returns
    The IRS Statute Of Limitations Doesn'tApply To Unfiled Returns

    If you haven't filed your federal taxes in years, you may be under the mistaken assumption that you're protected by a statute of limitations—that is, if the IRS doesn't notice your transgression ...

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  • Congress Eyes Ex-Patriot Exit Tax Because Facebook Co-Founder
    Congress Eyes Ex-Patriot Exit Tax Because Facebook Co-Founder "De-Friends" U.S. To Likely Avoid Capital Gains Tax

    Senator Chuck Schumer, D-N.Y. and Senator Bob Casey, D-Pa. have proposed a 30% exit tax for any United States Citizen who denounces citizenship likely to avoid taxes. The proposal is aimed at Facebook ...

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  • Here Are The Offenses For Which The IRS Can Put You In Jail
    Here Are The Offenses For Which The IRS Can Put You In Jail

    When an Oklahoma taxpayer receives a notice from the IRS that he owes $10,000 or $20,000 in back taxes, he may be tempted to crumple up the letter and say, “What are they going to do, put me in jail?” ...

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