Year: 2020

when and why you need to hire a tax attorney

When and Why You Need to Hire a Tax Attorney

The tax laws and regulations in the U.S. can be confusing and frustrating at times. On occasion, this will result in taxpayers getting into trouble with the IRS. But not all disputes or tax questions require the help of a tax attorney. This blog post will examine situations when hiring a tax lawyer might be useful and the reasons for using a tax lawyer’s services.

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kienitz tax law What Happens When You Owe the IRS and Don’t Pay

What Happens When You Owe the IRS and Don’t Pay?

For the most part, we can’t get away with not paying our taxes. So what happens when you don’t pay your taxes when they are due? Does an IRS agent come to your bank and take money from your bank account? Or do you get a letter in the mail a month later saying the IRS has a lien on your property?

Both situations are possible, at least to some degree. However, a lot can happen from the moment a tax obligation comes into existence and the IRS takes action against you.

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Common Questions About the CARES Act Economic Impact Payments

Common Questions About the CARES Act Economic Impact Payments

One of the most talked-about provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) have to do with the economic relief checks for many individuals and families. But despite the CARES Act becoming law in March 2020, not all eligible payment recipients have received their money.

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kienitz tax law how the cares act impacts your taxes

How the CARES Act Impacts Your Taxes

At roughly $2 trillion, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is the largest economic emergency relief package this country has ever seen. And there are currently talks about a CARES II relief package in the works in Washington, D.C.

Regardless of whether or not we get another economic relief bill signed into law, the CARES Act still has tremendous implications on the individual and business taxpayer. This blog post will go over a few of those tax-related provisions.

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kienitz coronavirus tax scams

Coronavirus Tax Scams

As you already know, Congress recently passed the largest emergency financial stimulus package in the history of the United States. Officially called the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), this law provides, among other things, cash payments to Americans. The IRS will administer this process, which creates the potential for various tax scams.

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kienitz irs scam

How Do You Know if the IRS Is Calling?

With your tax refund check excepted, no news is good news when it comes to the IRS. This means that for the most part, any communication received from the IRS is probably not a good sign. In fact, anytime you hear from the IRS, your heart will probably sink. That’s because you probably fear it’s the start of an audit, a request for back taxes or some sort of notice of an action against you.

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tax deduction

10 Most Overlooked Tax Deductions

People will pay good money to a tax attorney or accountant to find a way to prevent Washington from getting a penny more than the government is legally entitled to. So it’s ironic that there are tax deductions that people often miss. Yet some of deductions go unused. This isn’t surprising given how complex the tax code is. Here are 10 often missed tax deductions.

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