How to Get the IRS to Pre-Approve Your Taxes
It might seem odd, but it is possible to get the IRS to give you a straight-forward and binding answer to ambiguous tax positions in advance. How does this happen, you ask? The answer is through an IRS…
The Five Key IRS Rules of Taxation for Lawsuit Settlements
Coming out on the winning side of a lawsuit as a plaintiff can be a gratifying feeling, especially if there is a financial settlement involved. There is likely a sense of both relief and…
2017 vs. 2018 Federal Income Tax Brackets
The Tax Cuts and Jobs Act changed federal income tax rates, standard deductions and a long list of thresholds. The tables below set the 2018 figures against the 2017 ones they replaced, by filing status, along with FICA rates, education credits and the main miscellaneous provisions. Single Taxpayers 2018 — Standard Deduction $12,000 2017 — […]