Kentucky Finance

Jul 4 2018

Completing the IRS Form 8283, LoveToKnow, irs careers.#Irs #careers

Completing the IRS Form 8283 Form 8283 is a federal tax form used to claim certain non-cash charitable contributions. Non-cash contributions include virtually any item you donate that is not money, including clothing, household items, vehicles and collectibles. When to Use Form 8283 As an individual taxpayer, you can claim any charitable contributions you make on Schedule A as part of your itemized deductions for the tax year. If your deduction for non-cash charitable contributions is more than $500, you must provide additional information about your donations on Form 8283 and attach this form, as well as Schedule A, to …

May 9 2018

Using an Offer in Compromise to Settle a Tax Bill, irs offer in comprimise.#Irs #offer

# Using an Offer in Compromise to Settle a Tax Bill It is sometimes possible to wipe your tax slate clean at an enormous discount. If you qualify for something known as the offer in compromise, referred to as an “offer” or “OIC,” the IRS will accept less than the amount a taxpayer owes on a tax bill and call it even. There is no legal right to have a valid tax bill reduced by the IRS — it is entirely a matter of government discretion. In all but a few instances, however, the IRS must at least give a …

Mar 13 2018

Tax Debt Forgiveness, Offer in Compromise, IRS Bankruptcy, irs tax debt forgiveness.#Irs #tax #debt #forgiveness

# Tax Debt Forgiveness Four common methods for tax debt forgiveness: Let s examine the 4 Tax Debt Settlement methods: An Offer In Compromise allows the taxpayer to settle his or her tax debt for less than the full amount owed. The IRS considers an OIC to be a legitimate option if the taxpayer cannot pay their full tax liability, or doing so creates a financial hardship. The IRS will consider a taxpayer s unique set of facts and circumstances: The Offer in Compromise is the most well-know program and is often referred to in radio and TV commercials as …

Feb 7 2018

Completing the IRS Form 8283, LoveToKnow, irs careers.#Irs #careers

Completing the IRS Form 8283 Form 8283 is a federal tax form used to claim certain non-cash charitable contributions. Non-cash contributions include virtually any item you donate that is not money, including clothing, household items, vehicles and collectibles. When to Use Form 8283 As an individual taxpayer, you can claim any charitable contributions you make on Schedule A as part of your itemized deductions for the tax year. If your deduction for non-cash charitable contributions is more than $500, you must provide additional information about your donations on Form 8283 and attach this form, as well as Schedule A, to …

Jan 31 2018

IRS installment agreement vs

#irs #debt #forgiveness # IRS installment agreement vs. statute of limitations on collection: What s the impact? A concern frequently voiced by my clients is whether entering into an installment agreement with the IRS automatically extends the time the IRS has to collect. The perception is that if you agree to an installment agreement with the IRS, you are in it forever. Quite simply, you aren t. IRS installment agreements have end dates. The end date is 10 years from when your IRS liability began. When does an IRS liability begin? The time the IRS has to collect begins when …

Jan 21 2018

IRS Back Tax Debt Solutions: Stop the IRS for Good, how to stop an irs

# IRS Tax Debt Relief Is Possible! Free IRS Tax Debt Consultation. End Your IRS Back Tax Debt for Good! Licensed Tax Professionals Will Stop the IRS for You! Free, No-Obligation Consultation Avoid paying the Pay off your IRS tax debt with affordable monthly payments. Reduce the amount of back taxes you owe. See if you qualify for tax relief or penalty abatement. Have your case handled by a Licensed Tax Professional. Get help with your tax lien, bank levy, or wage garnishment. Knowledge The intricate nature of the IRS tax code, in addition to the numerous changes it sustains …

Jan 15 2018

What Is the Minimum Monthly Payment for an IRS Installment Plan? TurboTax Tax Tips &

#irs #pay #back #taxes # What Is the Minimum Monthly Payment for an IRS Installment Plan? The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on taxes, your investments, the law, or any other business and professional matters that affect you and/or your business. * Important Offer Details and Disclosures TURBOTAX ONLINE/MOBILE Try for Free/Pay When …

Jan 15 2018

What to Know about Late Filing and Late Paying Penalties

#filing #back #taxes #irs # Like – Click this link to Add this page to your bookmarks Share – Click this link to Share this page through email or social media Print – Click this link to Print this page What to Know about Late Filing and Late Paying Penalties IRS Tax Tip 2015-63, April 17, 2015 April 15 was the tax day deadline for most people. If you are due a refund there is no penalty if you file a late tax return. But if you owe tax, and you failed to file and pay on time, you will …

Dec 22 2017

IRS Job Guide – Internal Revenue Agent Jobs, Revenue Officers

#irs #agent #job #description # Types of IRS Careers The main job of the Internal Revenue Service (IRS) of course, is collecting tax revenue. According to the agency s website, www.irs.gov. the agency collected more than $2,150,891,380 in 2012 alone. IRS Agent Jobs Internal revenue agents work with people to educate, assist, and counsel. If you ever have questions about your tax returns, you would call the IRS and would most likely speak with an internal revenue agent. Chief financial officers at small businesses, nonprofits, and medium to large-sized businesses also work with internal revenue agents to make sure their …

Dec 21 2017

How to Avoid Owing the IRS – Budgeting Money

#owing #the #irs # How to Avoid Owing the IRS When you owe money to the IRS, you can’t escape the debt. You have heard the horror stories about the IRS garnishing wages, levying bank accounts and even seizing assets to cover an unpaid tax bill. There are a few ways you can keep from owing the IRS. With proper planning, you’ll even be able to turn tax season into the time of year you anticipate rather than dread. Update Your W-4 Form Submitting an updated W-4 form to your employer ensures the proper amount is withheld from your paycheck. …