The adventures & musings of an Enrolled Agent representing clients in Tax Controversy cases at the Neighborhood Christian legal clinic - Low Income Taxpayer Clinic.

Indianapolis, Indiana

Let Your Federally-Authorized Tax Practitioner Answer When The IRS Comes Calling

Let Your Federally-Authorized Tax Practitioner Answer When The IRS Comes Calling

The beginning thought of T.S Eliot’s masterwork “The Wasteland” states that “April is the cruelest month,” and while his poem deals with themes far more universal than tax time in the US, millions of American taxpayers can only nod their heads in agreement at its opening words. But those taxpayers for whom April has addedRead more about Let Your Federally-Authorized Tax Practitioner Answer When The IRS Comes Calling[…]

September 11, 2001 – Never Forget

September 11, 2001 – Never Forget

Today We Stop to Remember, Honor, and Pray for the Lives Lost on September 11, 2001 – Never Forget – September 11 Bible Verses by Mary Fairchild SOURCE: https://www.thoughtco.com/bible-verses-for-patriot-day-701215 The observance of Patriot Day marks the anniversary of the September 11, 2001 terrorist attacks on our nation. As you remember those who died, and theRead more about September 11, 2001 – Never Forget[…]

Tax Deduction for Alimony Payments? – Yes!

Tax Deduction for Alimony Payments? – Yes!

Over 50% of marriages end in divorce in the United States. Many divorce decrees include provisions for the payment of alimony. The IRS takes the position that such payments constitute a form of income and create an alimony tax deduction for the person making payments. (https://www.irs.gov/publications/p17/ch18.html) According to the IRS, alimony payments are taxable toRead more about Tax Deduction for Alimony Payments? – Yes![…]

Failure To Pay Employment Taxes and Penalties

Failure To Pay Employment Taxes and Penalties

As an employer, you must pay employment taxes if you have employees. Fail to pay and the IRS will rain all over your parade. Penalties If you have employees, you absolutely must deduct and withhold various taxes from the paychecks of your employees. Since you are deducting money from the employee’s paycheck, you are handlingRead more about Failure To Pay Employment Taxes and Penalties[…]

Correspondence From The IRS – Yikes!

Correspondence From The IRS – Yikes!

It’s a moment every person dreads. You pick up the mail and there is an envelope from the IRS. It’s not a refund check. What do you do? Don’t Panic, and Don’t Ignore it! Each year, the IRS sends out millions of “correspondence audits” to taxpayers to request payment of taxes, notify them of aRead more about Correspondence From The IRS – Yikes![…]

Automobile Tax Expenses

Automobile Tax Expenses

If you use a vehicle for conducting business, you can deduct certain automobile tax expenses from your tax bill. This is true even if you use the vehicle for personal and business needs. Automobile Tax Expenses The powers that be have historically written sections into the tax code promoting business activities. One of the traditionalRead more about Automobile Tax Expenses[…]

Tax Records – What You Should Keep And For How Long

Tax Records – What You Should Keep And For How Long

Many taxpayers are confused about how long they should keep tax records. The term “tax records” refers to your tax returns and the documents that support the information in the returns. These documents can include receipts, bank statements, 1099s, etc. If you are one of the unlucky few to be audited, these records will beRead more about Tax Records – What You Should Keep And For How Long[…]