QUESTION:
I was recently divorced and my husband was ordered to pay alimony and child support to me every month. When I filed my tax returns, my tax preparer told me that the alimony was considered income, however the money I received as child support was not taxable. However, when I tried to set up [...]
An “offer” is defined by Merriam-Webster’s online dictionary (http://www.m-w.com) as “a presenting of something for acceptance” and “compromise” is defined as “a settlement of differences by arbitration or by consent reached by mutual concessions.” When you put those two definitions together, you do not really get the true meaning of what an IRS Offer [...]
Recently, we completed a series about the differences between independent contractors and employees and the repercussions on employers who mis-classify their workers as independent contractors rather than employees. Here’s the link to the Independent Contractor vs. Employee series wrap-up.
Today, the Taxgirl, Kelly at www.taxgirl.com has a blog post regarding the FedEx lawsuit [...]
I have written about this topic a little bit on this blog before and about how important it is to file your tax returns on time every year. Many people believe that since they do not have enough money to pay their taxes they simply do not prepare a return, or they prepare a [...]
Here’s the first installment of the Back to the Basics series that I introduced last Tuesday. The question of the week is why should I file my tax returns. Well, the simple answer is that it is against the law not to file your tax returns. Usually preventing someone like the IRS from seeking [...]
We’re starting a new series that should come around every Tuesday called Keep It Simple. We’ve all heard the saying, KISS: Keep It Simple Stupid. I know that some of the posts on this site are technical and you don’t care about everything. You want to know that your lawyer knows the things you [...]