Obtaining an IRS Levy Release: The 668W & 668A

Review of IRS Wage & Bank Levy powers. How to obtain a levy release from IRS.

House Estate Tax Compromise is Uncertain in the Senate

The measure approved last week by the US House of Representatives that would eliminate the estate tax for all but the wealthiest families faces an uncertain future in the Senate.

Estate-tax Vote Delayed

The estate-tax vote has been delayed until after the weeklong 4th of July recess.

IRS Tax Problems

The IRS, or Internal Revenue Service, is a tax collection and enforcement body that is part of the US Department of the Treasury. The primary duty of the agency is to ensure that people pay their taxes punctually and honestly. This is not an easy task because the agency has to deal with the usual tax evaders. Though there are harsh fines in store for the tax evaders, there are cases when honest taxpayers are forced to pay penalties for no fault of theirs.

IRS Dictates Employee Withholding Amounts

IRS regulations now allow it to dictate to an employer the withholding rate for an employee without regard to the employee's W-4 or situation. This needs to be read by every employer!

New Procedure for Settling Tax Debts with the IRS

The Tax Increase Prevention and Reconciliation Act of 2005 has ushered in new rules for settling tax debts with the IRS. Here is the scoop on the compromise procedures.

Honda Natural Gas Cars Issued Massive Tax Credits By IRS

Between global warming and massive increases in fuel prices, many people are reconsidering their transportation. Honda has two natural gas cars the IRS absolutely loves.

Tax Advantages for Mortgage Loan Interest

When consumers purchase a home, the mortgage interest deduction and real estate tax deduction puts them above the standard yearly deduction allocated by the IRS, allowing them to deduct other expenses such as cash donations to your church, clothes you donated to charity, state and local income taxes, even tax preparation fees. In fact, the home mortgage deduction is on the rise, from about $20 billion in 1981 to $38.8 billion in 2002 to nearly $70 billion in 2003, according to estimates from the Joint Committee on Taxation.

Latest Email Scam Using IRS Name

If you have an email account, and who doesn’t, you are use to receiving scam emails. Well, here is one using the IRS name to watch out for over the next few months.

Overview of the Almighty Tax Deduction for Small Businesses

Taxes are the great bane of most businesses. Alas, tax deductions act as a salve to cool the burning and itching of your bank account.

Donating A Car – What IRS Want You To Know

When donating your car to your favorite charity, the Internal Revenue Service (IRS) wants you to be aware of certain pitfalls. After Dec. 31, 2004, taxpayers planning their charitable giving, donors should understand the way that the American Jobs Creation Act of 2004 will alter the rules for the contribution of used motor vehicles, boats and planes.

Calculating Depreciation For Your Investments

Analyzing real estate investments? Trying to understand the tax benefits of equipment depreciation? Make sure you tap Microsoft Excel's depreciation functions...

Figuring Out Your W-4 Withholdings

If you are employed by a business, you have the ability to play with the withholding on your paycheck. Fortunately, there is an easy way to do this online these days.

Tax – Keep It Low But Legal

It is your responsibility to pay tax due, but it is also up to you to ensure that the bill is no higher than it should be...