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IRS Help

What Is an Inheritance Tax?

What Is an Inheritance Tax?

The Inheritance Tax is a tax imposed on an inheritance received from the settlement of an estate upon the death of an individual. The recipient of the inheritance is responsible to pay the inheritance tax. It is different from the Estate Tax which is paid out by the estate at...

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How To Protect Your Assets

How To Protect Your Assets

The IRS extended the deadline for filing and paying 2019 taxes from April 15 to October 15 of this year. If you applied for an extension, your taxes were due on October 20 which has also passed. If you have procrastinated until now, you are subject to substantial penalties and...

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How Does Tax Relief Work

How Does Tax Relief Work

It’s almost the end of the year and the taxman is beginning to collect. For a taxpayer, there’s nothing more depressing than receiving collection notices from Uncle Sam. It’s even more depressing when you know you can’t afford what they are asking. So, what should you do? In...

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What is a Split Refund?

Many people look forward to their tax refunds for a number of reasons. Maybe they have some bills to take care of. Perhaps they’re looking to boost their retirement plan with a bit of extra money. In many cases, they’re looking to do both. Traditionally speaking, the taxpayer...

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