Claiming a child as a dependent when parents are divorced, separated or live apart
Parents who are divorced, separated, never married or live apart and who share custody of a child with an ex-spouse or ex-partner need to understand the specific rules about who may be eligible to claim the child for tax purposes. This can make filing taxes easier for both parents and avoid errors that may lead […]
Do you owe Money to the IRS
Do you owe money to the IRS and are unable to pay the full amount? If so you may be eligible to settle your tax debt for less than you owe. It´s called an Offer in Compromise or OIC. You can submit an offer by yourself or you can hire someone to help you. What is […]
Discovery! What is that?
I recently had an exchange with a client where. I had said to them now that the other side has filed their answer I will send out my discovery requests and we can get this matter moving along. To which they responded, “What are discovery requests?” That is a wonderful question and it reminded me […]
Did you know that many people with disabilities qualify for the Earned Income Tax Credit; yet up to 1.5 million fail to claim this valuable benefit
The Internal Revenue Service wants taxpayers with disabilities and parents of children with disabilities to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if they qualify. The EITC is a federal income tax credit for workers who don’t earn a high income ($53,505 or less for 2016) and meet other eligibility […]
MLK day tribute: The best parts of we.
So as usual on this day, I try to remind my boys what this holiday is about, not just missing school. I read the speech to them. It is important that they learn, and it is truly moving to hear it in your own voice, because it is not for any “they”. It is for […]
Employee vs. Independent Contractor
Do things seem a little hazy? Like the picture above, knowing whether that new hire is an employee or an independent contractor can be a little fuzzy. However, mistakenly classifying an employee as an independent contractor can result in significant fines and penalties. There are 20 factors used by the IRS to determine whether you […]
The Accidental Bigamist
Why it is so vital to make sure you get and keep your records in a Divorce I was asked recently how changes in Kentucky’s marriage license forms could affect issues arising from subsequent marriages. I believe ultimately the Legislature will need to revise the language authorizing the various County Clerk’s offices to issue the […]