Tax Law

If you’re struggling with tax debt, you may be wondering if bankruptcy is an option for getting a fresh start. While bankruptcy can be a powerful tool for eliminating some types of debt, not all tax debt can be discharged through bankruptcy. In this article, we’ll take a closer look at how bankruptcy affects tax debt and what factors determine whether your tax debt can be...

The market has been hot for about a year now.  People are still buying and selling homes at a record pace.  It can be a wonderful thing to sell a home.  You can upgrade, change cities, downgrade for the money, or take advantage of a number of other opportunities.  If you are looking to cash out on your home and make a big move, you should be aware of the tax implications. The standard tax...

There are so many things to consider when thinking about purchasing a home.  You have to think about what you can afford, you have to get approved for a loan (not pre-approved), you have to find the home, and then you have to pay.  Many individuals, especially first-time homebuyers, do not consider the tax implications of purchasing a home and believe it; there are tax implications....

There are plenty of reasons you may need a tax extension this year which, in general, the government will accept unless there’s an extraordinary circumstance. However, there are a few important things to keep in mind if you’re going to take that route. After weighing some of the pros and cons, there are things you need to know should you choose to file for a tax extension this...

So, maybe you didn’t pay Uncle Sam enough in 2018 and now you have a gnarly bill.  Maybe you started a business and did not pay any taxes all year.  Paying your taxes will not feel great, but your bill is probably way less than Walter Anderson’s.  Walter decided he did not like the idea of paying taxes, so he hid most of his earnings in off shore banks.  We are not talking about a couple of...