Tax Relief Research

The IRS Can Cancel Your Passport If You Have Back Taxes

IRS is Resuming Certification of Tax Liability to State Department The IRS began notifying the State Department of taxpayers certified as owing seriously delinquent tax liability and began sending Notice CP508C to affected taxpayers March 14. If you have seriously delinquent tax liability, the law authorizes the IRS to certify that liability to the State Department...

Turbo Tax and Back Taxes

If you owe back taxes you may be thinking you can file them using Turbo tax software, and you can, but there is a catch. Below are the basic steps for preparing for and submitting back tax filings, however be aware that it is often the case that you may have incurred penalties and interest...

The IRS Finally Made a Decision on How to Tax 2020 Unemployment Income

IRS will recalculate taxes on 2020 unemployment benefits and start issuing refunds in May Normally, unemployment compensation is taxable. However, a recent law change allows certain recipients to not pay tax on a portion of their 2020 unemployment compensation. Under the new law, taxpayers who earned less than $150,000 in modified adjusted gross income can exclude...