IRS Tax Support

Senate Democrats Mull Adding Retirees to Rebate Plan, Extending Jobless Benefits
Retirees living off Social Security are frustrated that they won’t get tax rebate checks through a bipartisan economic stimulus package before the House. Senate Democrats Friday began efforts to include them.

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The Senate is also considering an extension of jobless benefits […]

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Dear Bankruptcy Adviser,
How much of an Internal Revenue Service past debt can or will be cleared when declaring Chapter 7 bankruptcy?
– Joe Dear Joe,
It is possible to eliminate all delinquent taxes in a Chapter 7 bankruptcy. In general, there is a multiple-step test to determine whether tax debt can be eliminated. First, you should order […]

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With unprecedented speed and cooperation, Congress and the White House forged a deal Thursday to begin rushing tax rebates of $600 to $1,200 to most tax filers by spring, hoping they will spend the money just as quickly and jolt the ailing economy to life.
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Rebates would be even higher […]

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Congressional leaders announced a deal with the White House Thursday on an economic stimulus package that would give most tax filers refunds of $600 to $1,200, and more if they have children.
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House Speaker Nancy Pelosi said Congress would act on the agreement — hammered out in a week of […]

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What’s the best tax break available to Jane and John Q. Public? If they’re homeowners, it’s selling their house.
Homeowners already know the many tax breaks that Uncle Sam offers, most notably mortgage interest and property tax deductions. Well, he also has good tax news for home sellers: Most of them won’t owe the Internal […]

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