Category Archives: Tax Tips

Is Your Online Imprint Going to Trigger an IRS Audit?

Posted on May 9, 2013 by Montgomery

In mid-April I noticed a rather innocuous news release on the IRS website in regards to some type of email policy. If it wasn’t so cryptic and fraught with legal positioning, I would probably have considered it with the same … Continue reading →

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Still Waiting on Your Tax Refund?

Posted on May 6, 2013 by Wetenkamp

By the time you read this article, you should have that interest free loan that you gave to Uncle Sam returned to you via your federal tax refund. This assumes that you filed your tax return on time, and that … Continue reading →

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“irs.gov is not responding”

Posted on April 15, 2013 by Wetenkamp

This is the error message I kept getting when I tried to navigate around the IRS website today.  I don’t know enough about computers to say for sure what is going on, but I would guess the problem is too much internet traffic from … Continue reading →

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Tax Day is Around the Corner; Are You Prepared?

Posted on April 9, 2013 by Montgomery

Happy Tax Day! Come Monday April 15, 2013, your tax returns are due. Have you prepared? While many people filed their tax returns well before the April 15 deadline because they gave the government an interest free loan and are … Continue reading →

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Offer in Compromise Fees

Posted on April 4, 2013 by Wetenkamp

Sometimes taxpayers are not 100% clear about the role of the IRS.  Some IRS employees can be very convincing and will lead people to believe that they only want to help and provide some kind of service to the taxpaying … Continue reading →

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IRS Tips for the Self-Employed

Posted on April 2, 2013 by Wetenkamp

People incur tax debts for a variety of reasons.  Sometimes wage earners get into trouble by claiming too many exemptions on Form W-4, which results in too little tax being withheld for the federal government.  Sometimes people don’t understand the tax consequences of … Continue reading →

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Tax Tips in an Improving Housing Market

Posted on March 13, 2013 by Wetenkamp

Stimulus Considerations Over the past several years there have been various homebuyer tax credits and programs offered to stimulate the housing market. Homebuyer tax credits and programs, while they are great when you can claim them, can also be a tax … Continue reading →

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Bartering: IRS Gets Theirs Even When Cash is not Involved

Posted on March 8, 2013 by Wetenkamp

Today the IRS reminds us that the value of goods or services received through bartering is taxable (IRS Tax Tip 2013-29). Bartering is simply trading one product or service for another product or service without an exchange of currency.  I was introduced to bartering … Continue reading →

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Automated OIC Appeal Review

Posted on March 6, 2013 by Wetenkamp

Did you know that if your Offer in Compromise (OIC) is rejected, there is a “self-help tool” on the IRS website that will walk you through a series of steps to help you determine if you should appeal it or not? … Continue reading →

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It’s always “hurry up and wait” with the IRS

Posted on March 1, 2013 by Wetenkamp

It’s always “hurry up and wait” with the IRS. The Offer in Compromise (OIC) process is a perfect illustration of this point. If a taxpayer finds himself with a tax debt that he cannot pay, one of his options is … Continue reading →

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