Author name: anckrdev

You had probably never heard of an Offer in Compromise, or OIC, with the Internal Revenue Service until you got behind on your federal taxes. Now, with a tax debt looming over your head and the IRS threatening collection actions that could cripple you financially, you’re desperately seeking some kind of relief. Could an Offer […]

The information disseminated by governmental agencies tends to change rapidly and sometimes daily. Right now, few things are certain, and many people are just trying to keep up, including many here in Missouri. What everyone knows is that the annual ritual of submitting income tax returns to the IRS is still on the lists of

In the midst of everything else that is currently going on in the country and across the globe, some aspects of life have to go on regardless. For instance, taxpayers here in Missouri and elsewhere have tax returns to attend to. Recently, the Secretary of the Treasury, Steven Mnuchin, announced that taxpayers will receive some relief from

Most Missouri residents will take the opportunity to save money wherever they can, and this usually includes doing what they can to avoid sending a big check to the IRS each year. For this reason, some taxpayers may be glad to hear that they can once again take advantage of some tax breaks that had disappeared prior

If you have run the preliminary numbers for your 2019 taxes, you may have expected a sizable refund. Before you even file your income tax return, you may have thought of how you would spend that money. Like other Missouri residents expecting a refund, you filed your taxes early in anticipation of seeing that deposit

The IRS does not care what position an individual here in Missouri or anywhere else in the country holds in society. If it suspects the individual of involvement in a tax controversy, the agency will pursue the matter. For instance, public officials are not above the law, and when authorities suspect them of wrongdoing, those

While many people tend to focus on their federal income tax returns, many people will also need to pay attention to their state income taxes as well since Missouri is not one of the nine states that do not have income tax. It may not surprise you that there are some misconceptions regarding state income

What is the Earned Income Tax Credit? Many would say that the earned income tax credit is one of the most beneficial and confusing credits in the U.S. Tax Code. Each year, a number of people who would otherwise qualify for this credit pass it by, even though it could save them a significant amount

Why the IRS Conducts Investigations The IRS often conducts investigations into individuals it believes have been less than honest with the agency. When taxpayers fail to file tax returns for a number of years, it tends to draw attention. This may be the primary reason why a Missouri man now faces charges, including obstructing the