If you owe more on your taxes than you are able to pay, one path to consider in reducing your tax debt is to submit an Offer in Compromise (“Offer”). This is an agreement between you and the Internal Revenue Service (“IRS”) which settles your tax debt for less than […]
Post Tagged with: "Federal Tax Attorney"
Donald Trump’s Proposed Tax Legislation Compared to House Republicans’ Tax Proposal
While both President-Elect Donald Trump and the House Republicans view our tax code as being fundamentally flawed, their approach to fixing the tax code has taken different routes. On June 24th, 2016, the House Republicans, led by House Speaker Paul Ryan (R-Wis.) unveiled a plan for sweeping tax reform. The […]
Donald Trump’s Proposed Tax Legislation
Tax rates for married taxpayers with income less than $75,000 is supposed to be 12%. If income is between $75,000 and $225,000 and you’re a married taxpayer, the tax rate is supposed to be 25%. For taxpayers earning more than $225,000 the rate is supposed to be 33% if you’re […]