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

Avoid a surprise tax bill: get enough tax taken out of pension payments

Avoid a surprise tax bill: get enough tax taken out of pension payments

With tax reform bringing major changes for the year ahead, the Internal Revenue Service urges retirees to make sure they are paying in enough tax during the year by using the Withholding Calculator, available on IRS.gov. The Tax Cuts and Jobs Act, enacted in December 2017, changed the way tax is calculated for most taxpayers includingRead more about Avoid a surprise tax bill: get enough tax taken out of pension payments[…]

Yes, Your Social Security, Railroad Retirement, or Military Retirement Can Be Levied by the IRS

Yes, Your Social Security, Railroad Retirement, or Military Retirement Can Be Levied by the IRS

In July 2000, the IRS, in conjunction with the Department of the Treasury, Bureau of Fiscal Service (BFS), started the Federal Payment Levy Program (FPLP) which is authorized by Internal Revenue Code Section 6331 (h), as prescribed by the Taxpayer Relief Act of 1997 Section 1024. Through this program, we can collect your overdue taxesRead more about Yes, Your Social Security, Railroad Retirement, or Military Retirement Can Be Levied by the IRS[…]

Income Taxes And Your Social Security Benefit

Income Taxes And Your Social Security Benefit

Some people have to pay federal income taxes on their Social Security benefits. This usually happens only if you have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return) in addition to your benefits. No one pays federal income tax on more thanRead more about Income Taxes And Your Social Security Benefit[…]