An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. If…

What is an enrolled agent? Enrolled agents (EAs) are America’s Tax Experts. EAs are the only federally licensed tax practitioners who specialize in taxation and also have unlimited rights to…

Even though only a month remain in 2014, you still have time to act so you aren’t surprised at tax-time next year. You should take steps now to avoid owing…

Many people give to charity each year during the holiday season. Remember, if you want to claim a tax deduction for your gifts, you must itemize your deductions. There are…

The Internal Revenue Service today issued guidance clarifying the impact a 2014 individual retirement arrangement (IRA) rollover has on the one-per-year limit imposed by the Internal Revenue Code on tax-free…

Still Time to Act to Avoid Surprises at Tax-Time Even though only a few months remain in 2014, you still have time to act so you aren’t surprised at tax-time…

Plan Now to Get Full Benefit of Saver’s Credit Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2014 and…

What to do if You Get a Notice from the IRS Each year the IRS mails millions of notices. Here’s what you should do if you receive a notice from…

Small Employers Should Check Out the Health Care Tax Credit New and existing small employers who do not yet benefit from the Small Business Health Care Tax Credit should look…

Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock; 30 States Affected   WASHINGTON — Farmers and ranchers who previously were forced to sell livestock due to drought, like…