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So far 3vhelp has created 53 blog entries.

Can I Defer Payment on My Taxes?

In some situations, it is possible to delay making payment. Taxpayers with student loans know that they can defer making required payments if they show that they don’t have enough money each month. Something similar can happen with the IRS in a process called being declared “Currently Not Collectible.” This isn’t easy, and you’ll need [...]

By | 2018-01-10T21:53:14-04:00 January 16th, 2018|Tax Deductions|Comments Off on Can I Defer Payment on My Taxes?

Types of Charitable Trust

Setting up a charitable trust is a great way to support the charities you are passionate about while also lowering your tax burden. If done properly, you can also provide for your family or other beneficiaries at the same time. In the U.S., there are generally two types of charitable trusts, which you should discuss [...]

By | 2018-01-19T18:58:18-04:00 January 7th, 2018|Tax Credits, Tax Deductions|Comments Off on Types of Charitable Trust

Innocent Spouse Cases

Spouses who file joint tax returns are typically both responsible for any deficiency. For example, if the couple pays less than they owe, the IRS can go after either spouse to recover any unpaid amounts. However, sometimes it is unfair to hold one spouse responsible for unpaid taxes, and the IRS will sometimes grant an [...]

By | 2018-01-10T21:44:06-04:00 December 28th, 2017|Tax Collections|Comments Off on Innocent Spouse Cases

Mediating an IRS Dispute

Sometimes the IRS makes mistakes. And when they do, you should fight to receive a fair and just result. Fortunately, the IRS has created an appeals process that involves negotiated settlement instead of litigation, which can save you time and money. However, you shouldn’t appeal any IRS decision without an experienced IRS tax lawyer by [...]

By | 2018-01-19T18:58:18-04:00 December 19th, 2017|Tax Collections, Tax Penalties|Comments Off on Mediating an IRS Dispute

Can I Ask the IRS to Reconsider an Audit?

Going through an audit is bad enough as is, but what happens if at the end of the process you think the IRS is wrong about how much you owe? Helpfully, a process exists to ask for reconsideration. You must carefully follow the correct steps to ask the IRS to take a fresh look at [...]

By | 2018-01-10T21:39:29-04:00 December 10th, 2017|Tax Collections, Tax Penalties|Comments Off on Can I Ask the IRS to Reconsider an Audit?

Common reasons for an IRS Audit

Most people panic when they are notified they are being audited by the IRS. The IRS audits only slightly more than 1% of all individual tax returns annually. Some of these audits are at random, but the IRS often selects taxpayers based on suspicious activity. An IRS audit is a review or examination of an organization's [...]

By | 2018-01-19T18:58:18-04:00 November 29th, 2017|Tax Penalties|0 Comments

Refundable Tax Credits

When filing your income taxes each year, you may seek to lower the amount of taxes you owe, seek the largest possible refund, or avoid paying more in taxes than you are legally required to pay. Tax credits can help accomplish all of these objectives. Typically, there are two types of tax credits available to [...]

By | 2018-01-19T18:58:18-04:00 November 17th, 2017|Tax Credits|0 Comments

Five Common Estate Planning Mistakes to Avoid

Estate planning isn’t only for the wealthy. The reality is that estate planning is important for everyone, regardless of how many assets you own or your marital status. Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death. Estate planning allows you to avoid the [...]

By | 2018-01-19T18:58:20-04:00 November 6th, 2017|Estate Planning|0 Comments

These Red Flags Might Invite an IRS Audit

It’s many people’s worst nightmare: you receive a letter from the IRS informing you that information you submitted “does not agree” with information the IRS has received from other sources. What you have just been told is that you are being audited. Although the IRS audits less than 1% of all tax returns, these red [...]

By | 2018-01-19T18:58:20-04:00 October 28th, 2017|Uncategorized|0 Comments

5 Questions to Ask a Tax Attorney

When you have an IRS law problem, you should contact a tax attorney as soon as possible. Before hiring them, however, you should ask detailed questions to find out if they are the right lawyer for you. Experienced IRS tax lawyers like Jeffrey L. Cohen are happy to answer your questions so that you feel [...]

By | 2018-01-19T18:58:20-04:00 October 14th, 2017|Uncategorized|0 Comments