• What does USA Patriot Act stand for?

    Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism […]Read More… from What does USA Patriot Act stand for?

  • Disclosure Authorization

    Client Disclosure Authorization Effective January 1, 2009, before we can present ANY of your information to outside parties for any reason, we must have your WRITTEN authorization in our files per Internal Revenue Code § 301.7216-3.  We have our Authorization Form on the main website www.USATaxHelp.com […]Read More… from Disclosure Authorization

  • What if I owe the IRS and Can’t Pay in Full?

    Set Up an Installment Agreement.  You really don’t need to hire anyone.  Some general rules… If you owe Personal Income Tax of less than $10k, divide the amount by up to 36 months and offer to pay this… it is a GUARANTEED INSTALLMENT AGREEMENT. If you owe Personal Income Tax of less than $25k, divide the amount by up to 60 months and offer to pay this…. It is a STREAMLINED INSTALLMENT…

  • Can I still qualify for the $500,000 exemption if my spouse died?

    A Married Filing Joint couple can sell their home and not pay tax on $500,000 of GAIN if they’s lived in the home 3 out of the last 5 years.  There is no requirement to invest in a home of equal or greater value. But, if one spouse dies and the home is then sold…

  • Amending 2008 for the $8,000 First Time Homebuyer Credit

    Yes, you can do that HOWEVER we are advising clients NOT to do it….. The IRS has announced that an amended return (for any reason) is taking 16 to 20 weeks to process (it is because of this $8,000 credit that the system is bogged down).  Today is Nov 20, 2009.  If it takes the…

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