Your chances of being audited or otherwise hearing from the IRS escalate depending upon various factors, including your income level, the types of deductions or losses claimed, the business in which you're engaged and whether you own foreign assets.
1. Filing a Schedule C
Business income and expenses triples your odds of being audited. Not surprising when you consider that Schedule C filers are estimated to report only 57% of their income, totaling roughly $68 billion in unpaid taxes each year, acc...
My mother transferred her home to me shortly before she went into a nursing home in order to keep her home in the family, and most importantly to become Medicaid eligible. Consequently, I realized that there were some back taxes owed on the property. What are my options in keeping this property?
Falling behind with your property tax payments may lead to the following but not limited to:
I heard the president addressed the nation on race relations like he always does AFTER a major race issue in our nation.
Going back in history:
C.S Lewis warned against a spirit of compromise that was but a cloak to cover up the nakedness of irresolution and timidity.
C.S Lewis warned America against “tempted to make unnecessary concessions to those outside America’s faith”. “We give in too much… there comes a time when we must show that we disagree. We must show our Christian colors. We cannot remai...