» Tax Blog

IRS Collection Financial Standards as of March 31, 2014.

New IRS Collection Financial Standards IRS Collection Financial Standards are intended for use in calculating repayment of delinquent taxes. These Standards are effective on March 31, 2014 for purposes of federal tax administration only. Expense in…
Categories: Tax Blog

How to Avoid FATCA – Tips From Senator Levin

This is an interesting article about FATCA (by attorney Virginia La Torre Jeker) http://blogs.angloinfo.com/us-tax/2014/03/17/how-to-avoid-fatca-tips-from-us-senate-subcommittee/ Also, see the discussed report here http://www.acfcs.org/wp-content/up…
Categories: Tax Blog

IRS Exemptions for Dependents: IRS Publication 501.

I’ve been asked a couple of times about the applicability of the IRS Exemptions for Dependents. If you support your parents or siblings during their extended stays, you might be able to exempt up to $3,900 per person if you and your qualify…
Categories: Tax Blog

Post-Bankruptcy Survival of Federal Tax Liens On Property That Is Excluded From The Bankruptcy Estate.

I came across this very interesting article and would like to share it with the readers of my tax blog. The article was posted by Michael DeBlis III, Esq. and addresses the issues taxpayers face fighting the IRS tax lien imposed on property that w…

Owe Taxes? Undertanding IRS Collection Efforts.

This video describes IRS collection efforts and taxpayer’s rights during IRS collection process: http://www.irsvideos.gov/OweTaxes/
Categories: Tax Blog

How to Survive an IRS Tax Audit: Tips from Bellevue Tax Attorney.

If you are singled out for the IRS audit, it is important to understand that not all inquiries are formal audits. Some are only the letters asking routine questions about math errors or data mismatches, while other inquiries – even if they are cond…
Categories: Tax Blog

European Union Law and Its Relevance to the U.S. Companies Doing Business in Europe.

The European Union (“EU”) is the world’s largest economic block, containing more than 500 million consumers and accounting for almost a fifth of global trade.  The EU is the most important market for American companies: the transatlantic marke…
Categories: Tax Blog

The First Time Abatement Program: tax penalty waiver of failure to file or failure to pay penalties.

As April 15th rolls around, most CPAs with high net worth taxpayers file automatic extension requests (Form 4868) on behalf of those taxpayers. While the IRS’s electronic filing program has made filing these extensions as easy as pushing a button,…
Categories: Tax Blog

IRS Tax Compliance - 7 Ways to avoid an audit.

According to the IRS data, six percent of the IRS audits conducted on individuals in 2012 were for people who made between $200,000 and $1 million. There no such thing as “audit-proofing” a return, but the taxpayers can take steps to reduce their…
Categories: Tax Blog

Unclaimed federal tax refunds and other unclaimed state property.

Did you know that every year, tens of billions of dollars worth of unclaimed tax refunds and other financial assets lanquish in government coffers? I first heard about an unclaimed property topic during the Washington State Department of Revenue sem…
Categories: Tax Blog

For More Information or to Schedule a Free Phone Evaluation

  • This field is for validation purposes and should be left unchanged.

Unsure about making an appointment? 
I offer a free 15-minute phone evaluation to get to know you and your needs.