Changes to Inherited IRA Rules: New Vs. Old Rules
You can inherit a decedent's IRAs in the same way that you can inherit their property. If a relative, friend, or spouse died before withdrawing funds ...
How to Know If I am Exempt from Federal Tax Withholding?
Many Americans worry about whether they are eligible for a federal income tax exemption or if they must pay. Don't worry, your Miami Tax Accountants, ...
Traditional Vs. Roth IRAs: Key Differences
Many individuals take retirement for granted; the idea of no longer being useful to the industry in which you worked for years is ridiculous to consid...
The Complete Guide to Inheritance Taxes
Many people in the United States wonder if they have to pay taxes on inheritances. Let us begin by defining what inheritance is. An inheritance is a g...
IRS CARES Act and Tax Implementations
The world has altered dramatically in the last year and a half. Many small businesses and individuals suffered financially and emotionally as a result...
Alternative Minimum Tax (AMT)
Although most taxpayers pay a fixed rate, some are paying a parallel tax rate. This may apply to everyone for various reasons. Exemptions and varied t...
How to File an Amended Tax Return?
Filing federal and state income taxes is not as simple as you would believe. It's all too easy to make minor errors on a tax return, such as reporting...
How to Apply for Currently Not Collectible (CNC) Status from the IRS?
Every American is required by the IRS to file their taxes each year, with the assumption that they will pay their tax obligation immediately after fil...
How to Respond to IRS CP2000 Notice?
The IRS can send many notices to your house that were uncalled for, and they could be confusing and stressful to look at. These notices can go over yo...
IRS Payment Plans and Agreements
The IRS offers a variety of payment plans to help taxpayers pay off their back taxes. These programs differ; you may receive a free installment plan o...