Category Archives: Federal & State Tax Resolution Law
Post Appeal Mediation for Offers in Compromise
The Internal Revenue Service (IRS) has recently announced the nationwide rollout of post-Appeals mediation for Offer in Compromise (OIC) and Trust Fund Recovery Penalty (TFRP) cases. This is a nationwide expansion of an IRS pilot program instituted in 2008 and previously only available in select cities. Under this program post-Appeals mediation will be available to taxpayers […]
The IRS, YouTube and Healthcare?
That’s right. As unlikely a pairing as that may sound it really does exist and may be an invaluable resource for taxpayers. The announced the availability of several new YouTube videos to help taxpayers get important information about the Affordable Care Act and their tax return filing. The IRS videos explain the premium tax credit, […]
Changes in Circumstances that May Affect Premium Tax Credit?
That’s right. If you enrolled in insurance coverage through the Health Insurance Marketplace, you are required to report changes to the Marketplace when they happen, like changes to your household income or family size, because they may affect your eligibility for the advance payments of the premium tax credits. A full list of changes are […]
Ready for Ocotber 15th?
If you are one of the approximately 13 million U.S. taxpayers that filed for a six month extension to file your 2013 tax returns you have until October 15th to file. According to the IRS almost 25% or one quarter of those 13 million taxpayers haven’t filed their returns. If you are on of those […]
The IRS Warns Of Continued Phone Scams
The Internal Revenue Service issued a consumer alert warning taxpayers to protect themselves from telephone scam artists calling and pretending to be with the IRS. These callers demand money, try to trick you into sharing private information and sound convincing when they call. They usually alter the caller ID to make it look like the IRS is calling and use […]
Law Office of Jack Stuart Beige & Associates, P.C. Taxing Times Summer 2014
Penalty Relief Pilot for Small Retirement Plans Begins in June
Are you a small business owner with a retirement plan? Have you fallen behind on your annual plan filings (IRS Form 5500)? Were you even aware that you were required to file annually? The bad news is that Plan administrators and sponsors who do not file an annual Form 5500 series return can face stiff penalties […]
Amended Federal Tax Returns
According to the IRS it is projected that almost 5 million taxpayers will amend their returns by filing Form 1040X during 2014. Many of those that file amended returns will do so to claim a refund or credit. Taxpayers who need to amend their returns should file this form only after filing the original return. […]
Did April 15th Sneak Up On You?
Did the April 15th deadline for filing your federal tax returns sneak up on you? Unable to file on time? Or have you been well aware of the fast approaching deadline but for whatever reason, are unable to pay your federal taxes? Many taxpayers facing these situations simply “file for an extension.” However, there are differences […]
The IRS on Social Media?
Absolutely! Seems like everyone these days is joining the social media craze and the IRS is no exception. And as the April 15th deadline for filing 2013 tax returns rapidly approaches many taxpayers may have questions or need some assistance and may be surprised to find that the IRS can provide a lot of information […]